IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: tnya123 on May 21, 2009, 10:55:07 am

Title: ECO balance of payments help!!
Post by: tnya123 on May 21, 2009, 10:55:07 am

I dont get balance of payments in eco!!!
can somebody help??

Title: Re: ECO balance of payments help!!
Post by: smashbros on May 21, 2009, 11:04:24 am

Quote from: tnya123 on May 21, 2009, 10:55:07 am

I dont get balance of payments in eco!!!
can somebody help??

hey!!
i noe its kinda hard but aftr a while it gets easy.
this ppt covers very brief points, but all the points for it are there.

Title: Re: ECO balance of payments help!!
Post by: nid404 on May 21, 2009, 11:27:45 am

i have another ppt. hope it helps

Title: Re: ECO balance of payments help!!
Post by: cashem'up on May 21, 2009, 11:36:57 am

well in brief
there are 2 account
current account
capital account
current acount has 2 types
visible trade: has imports and export that are visible
invisible trade : imports and export at are 'invisble' in terms of gaining or losing foreign currency
capital account
this consists of changes in external assets and liabilities

well usually this is all added up in balance of payment....imports and negative and exports are positive
overall positive is surplus
overall negative is deficit

Title: Re: ECO balance of payments help!!
Post by: pocket-protector on May 21, 2009, 12:02:24 pm

Hey tnya, don't fret. Balance of Payments looks hard, but in actuality, its very simple.
It is extremely hard to explain online, but I have a video here which might help you.
http://www.youtube.com/watch?v=JKRBpJZ92QM&feature=PlayList&p=85F7D675D06E6F41&playnext=1&playnext_from=PL&index=35
Economics is easy. Just make sure you grasp onto the core of every chapter/theory.