经济学教学课件 31_4E.pptVIP

;Open-Economy Macroeconomics: Basic Concepts ;Open-Economy Macroeconomics: Basic Concepts;THE INTERNATIONAL FLOW OF GOODS AND CAPITAL;The Flow of Goods: Exports, Imports, Net Exports;The Flow of Goods: Exports, Imports, Net Exports;The Flow of Goods: Exports, Imports, Net Exports;The Flow of Goods: Exports, Imports, Net Exports;The Flow of Goods: Exports, Imports, Net Exports;Figure 1 The Internationalization of the U.S. Economy;The Flow of Financial Resources: Net Capital Outflow;The Flow of Financial Resources: Net Capital Outflow;The Flow of Financial Resources: Net Capital Outflow ;The Equality of Net Exports and Net Capital Outflow;Saving, Investment, and Their Relationship to the International Flows;Saving, Investment, and Their Relationship to the International Flows;Table 1 International Flows of Goods and Capital: Summary;Figure 2 National Saving, Domestic Investment, and Net Foreign Investment;Figure 2 National Saving, Domestic Investment, and Net Foreign Investment;THE PRICES FOR INTERNATIONAL TRANSACTIONS: REAL AND NOMINAL EXCHANGE RATES;The nominal exchange rate is the rate at which a person can trade the currency of one country for the currency of another.;Nominal Exchange Rates;Nominal Exchange Rates;Nominal Exchange Rates;Nominal Exchange Rates;Real Exchange Rates;Real Exchange Rates;Real Exchange Rates;Real Exchange Rates;Real Exchange Rates;Real Exchange Rates;A FIRST THEORY OF EXCHANGE-RATE DETERMINATION: PURCHASING-POWER PARITY;The Basic Logic of Purchasing-Power Parity;The Basic Logic of Purchasing-Power Parity;The Basic Logic of Purchasing-Power Parity;Implications of Purchasing-Power Parity;Implications of Purchasing-Power Parity;Figure 3 Money, Prices, and the Nominal Exchange Rate During the German Hyperinflation;Limitations of Purchasing-Power Parity;Net exports are the value of domestic goods and services sold abroad minus the value of foreign goods and services sold domestically. Net capital outflow is the acquisition of foreign assets