Cambridge AS & A Level Economics
6.4Exchange rates
Exchange rates in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic47 practice questions2 lessons
Overview
The Marshall-Lerner condition and the J-curve (11.2.5) are taught in the lesson covered here.
Learning objectives
What the syllabus expects you to be able to do.
- 6.4.1Define an exchange rate.
- 6.4.2Explain the determination of a floating exchange rate.
- 6.4.3Distinguish depreciation from appreciation of a floating rate.
- 6.4.4Explain the causes of changes in a floating rate: the demand for and supply of the currency.
- 6.4.5Use AD/AS analysis to show the impact of exchange rate changes on national income, real output, the price level and employment.
Lessons
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Effects of exchange rate changes: AD/AS, Marshall-Lerner and the J-curve
55 min
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Exchange rates: determination of a floating rate
55 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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