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- Analyze the concept of a nation’s balance of payments to examine the economic importance of changes in a nation’s net foreign wealth position.
- Synthesize and evaluate theories of exchange rate determination.
- Assess the policy options available in an open macroeconomic environment.
- Evaluate the extent to which macroeconomic policy effectiveness is affected by macroeconomic openness.
- Assess the implications of a government’s choice between a fixed and a floating exchange rate regime.
- Analyze the causes and effects of currency crises.
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