Unit 3.2 Concept of Balance of Payment and Balance of Trade

In this video we will discuss about Concept of Balance of Payment 1:23 ( Surplus in BOP, Deficit in BOP, Balance in BOP) 10:00 Concept of Balance of Trade 11:23 (Surplus in BOT , Deficit in BOT, Balance in BOT,) 14:03 Difference between Balance of Trade and Balance of Payment 15:05 17:57 Should you watch video further? 18:25 little conclusion For general knowledge: What is Current Account?(19:55) Topics that falls under CurrentAccount VISIBLE TRADE(GOODS)/BOP INVISIBLE TRADE(Services) UNILATERAL Trade(One sided Transfer such as gifts, donations etc from one country to another Country) What is capital account? (21:54) TOPICS THAT WE PUT UNDER CAPITAL ACCOUNT Private Transaction (from my private company to foreign private company) Official Transaction (From our government to foreign government) Banking Capital (Money of our banks in foreign countries/institutions(such as WTO) Foreign Direct Investment (establishing our company in foreign with our company's name) Portfolio Investment ( shares of ours in other countries for profit) How Balance of Payment is Calculated? Current and Capital account transactions (24: 22) How is balance of payment calculated? (34:28) If you only want to study for exam than you can skip this calculations. Kindly like and subscribe if you understood the Concept and difference of BOT and BOP Let us know in the comments section if we can we can improve further.. Thanks for watching.

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