CAS EC 102 Lecture 18: 3/14 Lecture 18

• School: Boston University
• Department: Economics
• Course: CAS EC 102
• Professor: Bruce Watson

Document Summary

Net exports (cont. : some facts about u. s. trade, determinants of trade, determinants of exports, determinants of imports, determinants of net exports r and nx. Traded, 2016 (about of all u. s. trade: total volume of trade: exports + imports, trade balance: exports - imports. Net exports (nx: nx = exports - imports. Trade surpluses & deficits: n measures the imbalance in a country"s trade in goods and sercies, trade deficit: an excess of imports over exports. In 2016, exports = . 1 t, imports = . 7 t, leading to a trade deficit of. b: trade surplus: an excess of exports over imports, balanced trade: when exports = imports. Determinants of exports: real exchange rate (e, gdp of our trading partners (yfor, tastes and preferences of people abroad for our goods and services, trade policies. Export function: x = f (e, yfor, tastes, trade policies, e(cid:313) (cid:315, yfor(cid:313) (cid:313) e(cid:315) (cid:313)