The Ledger: Balance of Payments & What It Really Means

Step into the shoes of the UK Chief Statistician at the ONS. Classify international transactions into the correct BoP sub-accounts, interpret the UK trade deficit, judge the sustainability of portfolio-heavy financing, forecast the J-curve after a sterling depreciation, and deliver a policy recommendation to the Chancellor. Teaches BoP structure, the double-entry identity, financing-composition risk, Marshall-Lerner, and expenditure-switching vs expenditure-reducing policies.