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Lecture

Chapter 9 & 26 Notes

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Department
Economics
Course
ECON 2030
Professor
All Professors
Semester
Fall

Description
TODAYS MENUTuesday 08 July 2014IBUSINESSAPractice Problems1Chapter 917 182Chapter 261 5 913 1518 20BFinal Exam This Saturday 730930 AMIISUBSTANCEAExchange Rates The basics1Introductory comments and motivation2Definition A price of a currency The price of a currency expressed in terms of a unit of another currency 3AssumptionsaTwo countries with 2 different currencies US and euro areaEuro zone17 countries that use the euro as the common currencybTwo currencies dollar and eurocTwo exchange ratesper per price of theis Europrice of the Euro is Euro4More definitionsaAppreciationprice goes up bDepreciationprice goes down445amNow1101759 Japanese Yen1101644 Price of depreciated1 Euro13591 Euro13597Pric
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