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11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic.

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Presentation on theme: "11 THE MACROECONOMICS OF OPEN ECONOMIES. Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic."— Presentation transcript:

1 11 THE MACROECONOMICS OF OPEN ECONOMIES

2 Copyright©2004 South-Western 31 Open-Economy Macroeconomics: Basic Concepts Open-Economy Macroeconomics: Basic Concepts

3 Copyright©2004 South-Western Figure 1 The Internationalization of the U.S. Economy

4 Table 1 International Flows of Goods and Capital: Summary Copyright©2004 South-Western

5 Figure 2a National Saving, Domestic Investment, and Net Capital Outflow

6 Copyright©2004 South-Western Figure 2b National Saving, Domestic Investment, and Net Capital Outflow

7 Copyright©2004 South-Western Figure 3 Money, Prices, and the Nominal Exchange Rate during the German Hyperinflation


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