agenda

Anything New?Return QuizzesCurrent Reading…NAFTA, Pros and ConsReview Homework

“The Last Word”Chapter 37

Questions 12 & 15 Problems 1, 2 & 4

Intro to Ch. 38Homework

•Read Naked Economics Ch. 12 Trade and Globalization: The Good News About Asian Sweatshops•Ch. 38, Questions 2, 7 (draw the graph)

Anything New?

Return Quizzes

Current Reading

• NAFTA, Pros and Cons

Review Homework

Chapter 37 “The Last Word”

Chapter 37– Questions 12 & 15

– THREE MINUTE BREAK AFTER QUESTIONS

– Problems 1, 2 & 4

three minute break

Review Homework

Chapter 37 “The Last Word”

Chapter 37– Questions 12 & 15

– THREE MINUTE BREAK AFTER QUESTIONS

– Problems 1, 2 & 4

Intro to Ch. 38

• Balance of Payments– Pg. 781– Know how to calculate various components– Table 38.1

• Current Account approximately “Trade Deficit”• Balance on Goods and Services is trade deficit• Line 7 in Table 38.1

Intro to Ch. 38

Intro to Ch. 38

Foreign Exchange

Figure 38.1• Just like Chapter 3 Supply and Demand Curve• An appreciation of one currency is a depreciation

of the other• Denominator is the currency that your looking at

Homework

Read Naked Economics Ch. 12 Trade and Globalization: The Good News About Asian Sweatshops

Ch. 38, Questions 2, 7 (draw the graph)