1. Introduction to Economics
2. Microeconomics
3. Macroeconomics
4. The Global Economy
4.1 Benefits of International Trade
4.2 Types of Trade Protection
4.3 Arguments For and Against Trade Protection
4.4 Economic Integration
4.5 Exchange Rates
4.6 Balance of Payments
4.7 Sustainable Development
4.8 Measuring Development
4.9 Barriers to Economic Growth and Economic Development
4.10 Economic Growth and Economic Development Strategies
View a summary cheatsheet for 4.6 Balance of Payments
4.6.1 Balance of payments
4.6.2 Components of the balance of payments
4.6.3 Interdependence between the accounts
4.6.4 Relationship between the current account and the exchange rate (HL)
4.6.5 Relationship between the financial account and the exchange rate (HL only)
4.6.6 Implications of a persistent current account deficit (HL only)
4.6.7 Methods to correct a persistent current account deficit (HL only)
4.6.8 The Marshall-Lerner condition and the J-curve effect (HL only)
4.6.9 Implications of a persistent current account surplus in terms of (HL only)
