1. Trade

2. Balance of Payments

3. Demand and Supply- 2 country model

4. PPF – Comparative Advantage

5. Why use them? Consider not what they don’t tell you and what they do If you have a point to make, use the most appropriate stats and or models. If you have to communicate a complex idea, how can you do it in a way that is easy to understand and demonstrate? If you want to paint a picture of how the NZ economy is doing, what stats would you need? Which are the most accurate for what you are looking at?