1. Chapter 5 - Witte Open Economy –Perfect Capital Mobility –NX = NCO

2. Chapter 5 - Witte NX = NCO, 1 Barrel of Oil

3. Chapter 5 - Witte Small Open Economy –Canada, New Zealand, Hong Kong, Singapore, Ireland

4. Chapter 5 - Witte r, NX = NCO graphically in a Small Open Economy

5. Chapter 5 - Witte Poor Nations may not be “Open”

6. Chapter 5 - Witte Exchange Rates Spot vs. Forward Nominal vs. Real RER =

7. Chapter 5 - Witte RER for all goods Graphically PPP and LOOP

8. Chapter 5 Appendix- Witte Large Open Economy –Set own interest rate NCO = NCO(r) Graphically –Information sets + exchange rate risk = home bias

9. Chapter 5 Appendix- Witte S = I + NCO

10. Chapter 5 Appendix- Witte Graphically (to be revisited with IS-LM, Ch. 12 App)