曼昆宏观经济学课件 PPT 31.pdfVIP

C H A P T E R 31 Open-Economy Macroeconomics: Open-Economy Macroeconomics: Basic Concepts Basic Concepts PP RR II NN CC II PP LL EE SS OO F F Economics N. Gregory Mankiw N. Gregory Mankiw Premium PowerPoint Slides by Ron Cronovich © 2009 South- Western, apa rt of Cengage Learning, all rights reserved In this chapter, In this chapter, look for the answers to these questions: look for the answers to these questions: § How are international flows of goods and assets related? §W hat’s the difference between the real and nominal exchange rate? §W hat is “purchasing-power parity,” and how does it explain nominal exchange rates? 1 Introduction §One of the Ten Principles of Economics from Chapter 1: Trade can make everyone better off. §This chapter introduces basic concepts of international macroeconomics: §The trade balance (trade deficits, surpluses) §International flows of assets §Exchange rates OPEN-ECONOMY MA CROECONOMICS: BASIC CONCEP TS 2 1 Closed vs. Open Economies §A closed economy does not interact with other economies in the world. § OPEN-ECONOMY MA CROECONOMICS: BASIC CONCEP TS 3 The Flow of Goods Services §Exports: domestically-produced gs sold abroad §Imports: foreign-produced gs sold domestically § OPEN-ECONOMY MA CROECONOMICS: BASIC CONCEP TS 4 A C T I V E L E A R N I N G 1 A C T I V E L E A R N I N G 1 Variables that affect NX Variables that affect NX What do you think would happen to U.S. net exports if: A. Canada ex