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QUANTITATIVE SKILLS

Balance of payments

The balance of payments is included in the list of macroeconomic policy objectives, but what is the balance of payments, why is it important and how do we interpret it? Peter Smith discusses the issues

Elsewhere in this issue of ECONOMIC REVIEW, David Horner discusses an examination question that is about the current account of the balance of payments. Here, I will discuss the balance of payments accounts, and how we can pick our way through the data.

Being able to use and interpret data is one of the key quantitative skills that are needed when studying economics — especially in macroeconomics, where data are our link with the real world.

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Sport and Covid-19: exploring the economic impact of cancellations

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Understanding unemployment: causes, measures and policy responses

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