Global Cash Flow: Unveiling Secrets of Balance of Payments
Global Cash Flow: Unveiling Secrets of Balance of Payments
Last updated 2/2024
Duration: 46m | .MP4 1920x1080 30 fps(r) | AAC, 44100 Hz, 2ch | 1.11 GB
Genre: eLearning | Language: English
Last updated 2/2024
Duration: 46m | .MP4 1920x1080 30 fps(r) | AAC, 44100 Hz, 2ch | 1.11 GB
Genre: eLearning | Language: English
Meaning and Components of Balance of Payments
What you'll learn
- The students will learn the fundamental concept of the Balance of Payments (BOP) and its role in international economics.
- They will explore the different types of transactions recorded in BOP and understand its significance in assessing a country's economic health.
- They will explore key components of BOP, including the current, capital, and financial accounts.
- Students will also examine errors and omissions in BOP calculations and their implications.
- They will also understand why BOP is always balanced in an accounting sense but may reflect economic imbalances.
Requirements
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
Description
Welcome to our comprehensive course on the Balance of Payments (BOP), a fundamental concept in international economics and finance.
The Balance of Payments (BOP) is a crucial economic indicator that reflects a country's financial transactions with the rest of the world. This course provides a comprehensive understanding of what the Balance of Payments represents and why it is a critical indicator of a country’s economic health. In this course, we will explore the various types of transactions, including trade in goods and services, income flows and financial transfers, that are recorded in Balance of Payments. The Balance of Payments (BOP) reveals a country’s trade competitiveness, investment attractiveness and external debt situation. This information is crucial for policymakers and investors.
Participants will explore the three key components of BOP: Current Account, Capital Account and Financial Account. We will also discover why the discrepancies occur in the BOP and what is the role of “errors and omissions” item in BOP calculations. The course also delves into the fundamental concept that BOP is always balanced in an accounting sense but may not necessarily indicate economic equilibrium.
By the end of this course, learners will gain a thorough understanding of the Balance of Payments and its role in international economics.
Who this course is for:
- Students and any individual who enjoys learning about various concepts of economics
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