1. Principles of Macroeconomics ECON 401 Week 8, Day 14
Dr. Andrew L. H. Parkes
“A Macroeconomic Understanding for use in Business”
卜安吉

2. Chapter 31: The Open Economy
Pay Extremely close attention to:
Trade:
The Summary on page 683
The U.S. case study (pp and PPT)
Exchange Rates:
Real Exchange Rates
PPP: Implications and Limitations!
Principles of Macroeconomics, Day 14

3. Principles of Macroeconomics, Day 14
Chapter 31
What is the Hamburger Standard?
We also covered the Federal Budget Constraint AGAIN!
Closed versus Open Economy
Appreciation versus Depreciation
Principles of Macroeconomics, Day 14

4. Principles of Macroeconomics, Day 14
Chapter 30
Homework #6:
Pp , do Problems and Applications 3, 7, and 8
Due Thursday, May 8 at the beginning of class.
10 points
Principles of Macroeconomics, Day 14