Topics to be Discussed a National Income Accounting and the Balance of Payments other concepts o The determination of exchange rate o floating exchange rate system o FIxed exchange rate system o Trade environment and policy o Summary of the open economy 复表经济学院Topics to be Discussed ◼ National Income Accounting and the Balance of Payments & other concepts  The determination of exchange rate  floating exchange rate system  Fixed exchange rate system  Trade environment and policy  Summary of the open economy