International economics

Table of Contents

1. Topic pack - International economics - introduction
2. Section 3.1 International trade (notes)
3. Section 3.1 International trade (questions)
4. Section 3.1 International trade - simulations and activities
5. Section 3.2 Exchange rates (notes)
6. Section 3.2 Exchange rates - questions
7. Section 3.2 Exchange rates - simulations and activities
8. Section 3.3 Balance of payments - notes
9. Section 3.3 Balance of payments - questions
10. Section 3.4 Economic integration - notes
11. Section 3.4 Economic integration - questions
12. Section 3.5 Terms of trade - notes
    1. Terms of trade - introduction
    2. Terms of trade (TOT)
    3. Impact of terms of trade on the balance of payments
    4. Elasticity of demand for imports and exports
    5. Impact of terms of trade on the economy
    6. Causes of changes in the Terms of Trade
13. Section 3.5 Terms of trade - questions
14. Print View

Terms of trade - introduction

On the following pages, we look at the following topics in detail:

• Terms of trade
• Changes in terms of trade
• Impact of terms of trade
• The significance of a deteriorating terms of trade for developing countries
• Measurement of the terms of trade
• Changes in terms of trade - short run and long run
• Elasticity of demand for imports and exports