Revision Notes For Class 12 Economics Macroeconomics Chapter 6 Open Economy Macroeconomics

Open Economy Macroeconomics is a chapter that deals with trading with other countries in the terms of goods and services. This chapter comprises of various topics – open economy, balance of payment, current account, balance of trade, autonomous transaction, accommodating items, foreign exchange market, foreign exchange rate, fixed exchanges rate system, determination of foreign exchange rate, devaluation, depreciation, managed floating.

Class 12 Macroeconomics Chapter 6 - Open Economy Macroeconomics
Class 12 Macroeconomics Chapter 6 - Open Economy Macroeconomics


Practise This Question

Polyurethane is quite good for cold weather for jackets and blankets. However, thermal emergency blankets or space blankets are often made up of something similar to aluminum foil and used by astronauts to avoid hypothermia when stuck in subzero temperature. Why do you think it is a good choice?