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
   1. BOPs - introduction
   2. Credits and debits
   3. Current account
   4. Capital account
   5. Financial account
   6. Relationship between accounts
   7. Balance of payments - calculation
   8. Current account & floating exchange rate
   9. Current account & fixed exchange rate
   10. Balance of payments problems
   11. Consequences of deficit / surplus
   12. Policies to correct a balance of payments disequilibrium
   13. Consequences of a financial account deficit / surplus
   14. Marshall-Lerner condition
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
13. Section 3.5 Terms of trade - questions
14. Print View

Balance of payments - calculation

The IB exams will use a standard structure for the balance of payments. This will be as follows:

Paper 3 Calculations

Syllabus: Calculate elements of the balance of payments from a set of data.

You need to be able to calculate any of these figures if they are missing. Try the following examples. Once you have done the calculations, follow the links below for the answers to see if you were correct.

Calculation example (1)

Fill in the missing figures from the balance of payments account for Country B given below:

• Example 1 - answers

Calculation example (2)

Fill in the missing figures from the balance of payments account for Country B given below:

• Example 2 - answers