The module will provide an open economy examination, looking at the relationship between the domestic economy ... The tool kit used to examine the discussion will make use of the IS/LM/BP framework ...

Why is this unit important? The world economy is ever more globalized. When the US Federal Reserve changes their key rate in a way that was not anticipated by the markets, the value of the dollar ...

The openness of an economy can be expressed by the share of GDP accounted for by imports and exports of goods and services. This can be measured by expressing the value of imports and exports of goods ...