Further Study Activity - Trade & ER's Simulation [Virtual Learning Arcade]
Trade Balance: Further Study Questions | |
Task: Report and Online Discussion: Understanding the Trade Balance
| | You work in the Economic Planning Department of a consultants, Econ Consult. You have been asked by the Managing Director to work in a small group with 3 other people to write a response to the following enquiry. Company Name : We need to know Contact Name : Dr J Jack Company Address : Room 101, 77 Old Road, Bath, NW29 Can you help me, if our exports are £15million, and our imports are £23.5 million, given the PED of exports is 0.8 and the PED of imports is 1.2, by how much would the exchange rate need to depreciate to cause a trade balance surplus ? Also what are the likely consequences of this depreciation in the long run ? Your findings need to be presented in two ways, the first will be as a written report with covering letter, second will be as a question and answer session on the content of the report. | |
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Submitted by bized on Wed, 14/03/2001 - 13:00