What you’ll learn5 learning objectivesChoose one objective for a focused lesson, or study the complete topic.11.2.1Exchange rate measures• Measurement of exchange rates:- distinction between nominal and real exchange rates- trade-weighted exchange ratesSyllabus objective11.2.2Fixed/managed exchange rates• Determination of exchange rates under fixed and managed systemsSyllabus objective11.2.3Revaluation vs devaluation• Distinction between revaluation and devaluation of a fixed exchange rateSyllabus objective11.2.4Exchange rate system changes• Changes in the exchange rate under different exchange rate systemsSyllabus objective11.2.5Marshall-Lerner and J-curve• The effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysisSyllabus objective