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5 countries are allotted to the students and find exchange rate for the country allotted to them for the last week in terms of dollars.
Track of dollars fluctuation in response to their currency
Introduce one product in the class the value of which will be given in terms of dollars
Students need to exchange their currency in order to buy that product
Every group will compare and see why some countries are paying more for the same product in terms of their currency

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explaining complete international integration

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exchange rate and purchasing power parity

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Specially WTO

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Terms of Trade, Theory of Firm and BOP.

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International trade

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Theory of firm - quantitative skills and diagram

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Theory of firm - quantitative skills and diagram

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TOT

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Revenue theory

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The "trifecta of evil" – how exchange rates, balance of payments, and terms of trade interact and influence each other.

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The "trifecta of evil" – how exchange rates, balance of payments, and terms of trade interact and influence each other.

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1. Common access resources.

2. Foreign aid

3. The role of international debt .

4. TOT