Students will understand the key economic theory of exchange rates. The lesson covers what a trade-weighted index is and fixed and floating exchange rates. The lesson also covers the supply and demand of exchange rates and how governments can influence them. The lesson also looks at The Marshall Lerner Condition and the J-Curve effect. The lesson includes deep theory, many tasks, examples and overview revision tasks. This lesson is aimed at higher level Macroeconomic teaching and includes high mark essay style questions.
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