AP Macro Unit 5 Summary

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S&D for the US DollarsPrice of USDollarsPound£Dollar$Equilibrium:$1 = £1Supply byAmericans2£/1$1£/1$US DollarappreciatesUS Dollardepreciates1£/4$Demandby BritishQuantity of US DollarsQ
FOREX Supply and DemandSimplifiedImagine a huge table with all the differentcurrencies from every countryThis is the Foreign Exchange Market!Just like at a product market, you can’t takethings without paying.If you demand one currency, you must supplyyour currency.Ex: If Canadians what Russian Rubles.The demand for Rubles in the FOREXmarket will increase and the supply ofCanadian Dollars will increase.
Page 1 and 2: Unit 5: InternationalTrade1
Page 3 and 4: “Magic of Markets”Brown Bag Act
Page 5 and 6: Absolute and ComparativeAdvantage5
Page 7: Per Unit Opportunity Cost ReviewRon
Page 10 and 11: Sugar (tons)Sugar (tons)S W0 301.5
Page 12 and 13: Sugar (tons)Sugar (tons)WheatSugarU
Page 14 and 15: Input Questions:IOU=Input: Other go
Page 16 and 17: PineapplesRadiosKenyaIndia30 10(1P
Page 18 and 19: Comparative Advantage PracticeCreat
Page 20 and 21: Closed vs. Open EconomiesA closed e
Page 22 and 23: Balance of TradeNet Exports (X N )
Page 24 and 25: Balance of Payments (BOP)Balance of
Page 26 and 27: Current AccountThe Current Account
Page 28 and 29: Current or Capital Account?Identify
Page 30: Practice1. U.S. income increases re
Page 33 and 34: Video: Down and Out Dollar
Page 35: The turnover in FOREX markets isalm
Page 38 and 39: What happens if you need more dolla
Page 42 and 43: FOREX ShiftersLet’s use the examp
Page 44 and 45: 3. Changes in Relative Price Level(
Page 46: PracticeFor each of the following e

AP Macro Unit 5 Summary

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