United States exports may not necessarily increase when the dollar falls on the world market. Conventional thinking is that a weaker dollar means more demand for U.S. products because they become less expensive than goods from countries with stronger currencies. However, developing countries whose export revenues are denominated in the weakening…

Foreign currency units, exchange rates, the international payments process, and spending money abroad are discussed briefly in this booklet to help teachers explain the international economy. Thirty-two countries are listed with their respective currency units, some of which are illustrated. A chart shows the average yearly exchange rates between…

Exchange controls in Great Britain were abolished in 1979. Since then, there has been a significant outflow of capital. This article examines the case for the reintroduction of controls with particular reference to the effect this might have on investment. (Author/JDH)

Of interest to teachers of intermediate courses in international economics, this article provides a simple technique for teaching the effect of devaluation on a country's trade balance. (Author/JDH)

Intended to provide a basic understanding of the history and complexity of a relatively new foreign currency measure, this paper briefly describes the history leading to the formation of the European Economic Community (EEC), its objectives, its governance structure, and its development of the European Currency Unit (ECU) as a means of stabilizing…

Provides a graphical framework for presenting interactions among current account flows, capital account flows, and exchange rates. Suggests that the two type of flows must be considered separately in discussions of foreign exchange equilibrium and balance of payments flows. Supplies sample graphs and instructions for applying the framework to real…

David Hume's monetary theory has been controversial since its formulation. Lately, the focus has been on Hume's alleged misapplication of the quantity theory of money. While he appears to subscribe to a simple quantity theory with money neutrality, in a famously contested passage in the essay Of Money, he violates the neutrality condition by…

This curriculum unit of the Muncie (Indiana) Southside High School is to simulate the dynamics of foreign currency exchange rates from the perspectives of: (1) a major U.S. corporation, ABB Power T & D Company, Inc., of Muncie, Indiana, a manufacturer of large power transformers for the domestic and foreign markets; and (2) individual…

Economics can be the most relevant and stimulating class students take in high school. One way to make this happen is to actively involve students in lessons that demonstrate important economic concepts and economic reasoning. This book contains a compilation of 14 popular lessons (all-time favorites from earlier publications by the National…

Approximately 84 reference materials on economics located in the McLennan Library, McGill University (Montreal), are cited in this annotated bibliography. The bibliography serves to provide an overview of the printed bibliographic and reference sources useful for the study of economics. Financial and business sources and statistical compendia and…

Argues that the relationship between the British pound sterling, interest rates, and oil prices has been overemphasized by economic commentators because they ignored a basic economic theory about the determination of the exchange rate. Provides an example and suggestions for follow up instruction. (Author/JDH)

Asserts that, despite changes resulting from new theories on international trade, simple graphs in the Heckscher-Ohlin-Samuelson tradition remain a significant part of most courses in international economics. Provides four figures illustrating these economic concepts. (CFR)

This set of student and teacher guides is intended for use in a course to prepare students for entry-level employment in such occupational areas in international trade as business/finance, communications, logistics, and marketing. The following topics are covered in the course's five instructional units: introduction to careers in international…

Provides a diagrammatic analysis of S. D. Gerking and J. H. Mutti's framework, illustrating their results and demonstrating additional results. Shows how the out-migration of labor from a country affects wage rates and flow of capital. Aids courses in international trade, economic development, and regional economics. (SLM)

This instructional unit identifies monetary units from various countries and explains exchange rates and the process of international payments. The materials consist of a four-page leaflet, a multiple choice test, and a combined information sheet/teacher's guide. The unit is intended for use in connection with discussion on international economy.…