3.1 International Trade

Free Trade

Restrictions on Free Trade: Trade Protection

3.2 Exchange Rates

Freely Floating Exchange Rates

Government Intervention

3.3 The Balance of Payment

The Structure of the Balance of Payments

Current Account Deficits

Current Account Surpluses

3.4 Economic Integration

Forms of Economic Integration

Preferential Trade Agreement

Trading Blocs

-A regional trading bloc is a group of countries within a geographical region that protect themselves from imports from non-members.

Monetary Union (eg Eurozone)