Balance of Payments (Part 1): The Basics

This video is Part 1 of a series on the Balance of Payments.

This topic makes the perfect video to launch Economics Made Easy because
of how challenging it is.

This video focuses on making the structure of the Balance of Payments easy for you to understand.

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[jalinax]

thank you so much you explained it so perfectly in just 7 mins ive been spiralling over this for days bc the textbook is just so convoluted with a bunch of unnecessary jargon

[arniethedog]

Thank you so much, this is truly the best BOP explainer out there

[spamdoe]

Thank you! This is the only thing saving my grades

[hannahfarrugia]

Great video! It really helped to understand BOP. Thanks so much :)

[HPiggy-rdpn]

You made a mistake at 6:24 you stated it was a debit in Current account but that was not an option. Can you please explain to me why the HSC asks that questions.

[lukaswegner]

could you explain the portfolio investment etc and what really makes up a non reversible transaction

[devilgamer-beov]

Hey thank you so much for this but I just have a question.
If we give china trademark rights, how is hat recorded in the BOP
and is there a return on the trademark if we give them the rights to use it ?

[milithdheerasekara]

you forgot unconditional foreign aid (NSY) and conditional foreign aid (cap account), assuming this isnt covered in future videos