Microeconomics and macroeconomics

Microeconomics and macroeconomics

1. Balance of payments

   • Two main components
     • Current account
       • Four operations
         • Trade balance
           • Records the import and export of goods
             • Income
             • Payments
             • Balances
         • Services Account
           • Transaction of non-tangible products
           • Tourism
           • Transportation Costs
         • Income account
           • Investment income
           • Interests
           • Dividends
         • Transfer account
           • Immigrant remittances
           • Public donations
           • Private Donations
     • Financial account
       • Direct investment
       • Loans and deposits
       • Portfolio investment
       • involves financial assets
         • Bonds
         • Special drawing rights
         • Currency
   • A record of the value of all the transactions
     • Between
       • Residents one country
       • Residents of all other countries
   • Each transaction is incorporated as a credit or debit
     • A credit
       • Receiving a payment from foreigners
     • A debit
       • Payment to foreigners
   • Positive
     • Surplus
   • Negative
     • Deficit

2. Aggregate perspective

   • Unemployment
   • PIB
   • Inflation/growth

3. Individual items

   • Markets
   • Companies
   • Family

4. External sector

   • Safe strategies
     • International
     • Development
     • Exchange
   • Main products
     • Coffee
     • Oil
     • Coal
     • Banana
     • Gold
     • Flowers
   • Colombia
     • Trade restrictions
     • High production protection
     • Position 126
     • Increased dispersion
     • Tariff fell 10%.
     • Crofts
       • 0,19% of the world
       • 3,5% from Latin America
   • Reduced weight
   • High performance

5. Direct relation

   • Joint development
   • Economy
   • Analyzes the same social phenomenon

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