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Unit: Open economy: international trade and finance

AP Macro: MEA (BI), MEA‑4 (EU), MKT (BI), MKT‑5 (EU)


Possible mastery points
AP Macro: MKT (BI), MKT‑5 (EU), MKT‑5.A (LO), MKT‑5.A.1 (EK), MKT‑5.A.2 (EK)
AP Macro: MKT (BI), MKT‑5 (EU), MKT‑5.B (LO), MKT‑5.B.1 (EK), MKT‑5.B.2 (EK), MKT‑5.C (LO), MKT‑5.C.1 (EK), MKT‑5.D (LO), MKT‑5.D.1 (EK)
Level up on the above skills and collect up to 300 Mastery points
Level up on the above skills and collect up to 400 Mastery points
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Unit test

Level up on all the skills in this unit and collect up to 700 Mastery points!

About this unit

In this unit, you'll learn about open economies, how a country’s transactions with the rest of the world are recorded in the balance of payments accounts, how market forces and public policy affect the foreign exchange market, and how changes in net exports and financial capital flows affect financial and goods markets.
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