Cambridge AS & A Level Economics
11.2Exchange rates at A Level
Exchange rates at A Level in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic23 practice questions1 lesson
Overview
The effects of exchange rate changes, including Marshall-Lerner and the J-curve (11.2.5), are taught in the lesson covered at 6.4.
Learning objectives
What the syllabus expects you to be able to do.
- 11.2.1Distinguish nominal from real exchange rates and explain trade-weighted exchange rates.
- 11.2.2Explain the determination of exchange rates under fixed and managed systems.
- 11.2.3Distinguish revaluation from devaluation of a fixed exchange rate.
- 11.2.4Explain changes in the exchange rate under different exchange rate systems.
- 11.2.5Explain the effects of changing exchange rates on the external economy using Marshall-Lerner and J-curve analysis.
Lessons
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Fixed, managed and floating exchange rate systems
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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