+
3 Tutorials that teach International Trade
Take your pick:
International Trade

International Trade

Author: Colton Cranston
Description:

This lesson covers international trade.

(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial

Notes on "International Trade"

Key Terms

Balance of Payments

A record of all monetary transactions that flow across a country’s border; two major components are the current account and the capital account.

Current Account

Represents the sum of all recorded transactions including traded goods, services, income, and net transfer payments.

Capital Account

Captures investment and financing flows; inflows have an appreciating impact on a given currency; outflows have the opposite, or depreciating, impact.

Trade Surplus/Deficit

Trade surplus occurs when exports exceed imports (X – M > 0) and a trade deficit occurs when imports exceed exports (X – M < 0).