Learning Objectives
1. Define Balance of Payments (BOP):
- Understand the meaning and significance of BOP as a record of international transactions.
2. Recognize the Importance of BOP:
- Identify BOP as an indicator of a country’s economic health.
3. Classify Economic Transactions:
- Distinguish between visible items, invisible items, and capital transfers in BOP.
4. Explain Visible Items :
- Describe the role of physical goods in the BOP as visible items.
5. Understand Invisible Items :
- Identify services and non-material transactions as invisible items in the BOP.
6. Discuss Capital Transfers :
- Recognize how capital receipts and payments impact a country's economy.
7. Analyze BOP Structure :
- Understand the division of BOP into current and capital accounts.
8. Differentiate Credit and Debit Entries :
- Explain how credits and debits are recorded in the BOP.
9. Explore Current Account Components :
- Break down the elements of the current account, including goods, services, and transfers.
10. Calculate Current Account Balance :
- Learn to determine the balance of the current account as surplus or deficit.
11. Examine Capital Account Components :
- Identify the key elements of the capital account like investments and borrowings.
12. Interpret Capital Account Balance :
- Assess the impact of capital inflows and outflows on national assets.
13. Compare Current and Capital Accounts :
- Differentiate between the functions of the current and capital accounts.
14. Define Autonomous and Accommodating Items :
- Understand the role of autonomous and accommodating items in BOP balance.
15. Explain BOP Balancing :
- Recognize how the BOP always balances through the double-entry system.
Material Includes
- THIS CHAPTER INCLUDES:
- 10+ VIDEOS
- PDF NOTES
- CLASS ASSIGNMENTS
- HOME ASSIGNMENTS
- DOUBT SOLVING SESSIONS
Requirements
- Actively participate in class discussions.
- Regularly review notes for solid understanding.
- Relate theories to real-world scenarios.
- Practice problem-solving regularly.
Target Audience
- CLASS 12
Curriculum
13 Lessons
BALANCE OF PAYMENT
INTRODUCTION TO CURRENT ACCOUNT14:38
INTRODUCTION TO CAPITAL ACCOUNT00:13:14
ACCOUNTING OF CURRENT AND CAPITAL ACCOUNT7:50
AUTONOMOUS AND ACCOMODATING ITEMS5:24
WORKSHEET 111:23
WORKSHEET – 22:47
FOREIGN EXCHANGE RATE – FIXED EXCHANGE RATE00:09:23
FLEXIBLE EXCHANGE RATE PART – 100:15:57
FLEXIBLE EXCHANGE RATE PART – 200:07:30
FOREIGN EXCHANGE RATE00:08:44
MANAGED FLOATING EXCHANGE RATE SYSTEM6:08
DEVALUATION AND DEPRECIATION00:07:10
WORKSHEET – 17:12
Your Instructors
Write a review
₹5.00₹600.00
Material Includes
- THIS CHAPTER INCLUDES:
- 10+ VIDEOS
- PDF NOTES
- CLASS ASSIGNMENTS
- HOME ASSIGNMENTS
- DOUBT SOLVING SESSIONS
