Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

Steven Reff's Resume
Unit 6:  Open Economy -- International Trade & Finance

• Topic 6.1   Balance of Payments Account
• Topic 6.2   Exchange Rates
• Topic 6.3   The Foreign Exchange Market
• Topic 6.4   Effect of Changes in Policies and Economic Conditions
                      on the Foreign Exchange Market (FX Market)
• Topic 6.5   Changes in the FX Market and Net Exports
• Topic 6.6   Real Interest Rates & International Capital Flows
(10% – 13% of the exam)
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Week 14
Principles of Macroeconomics
Topic 6.1 - 6.6  REVIEW
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Day 1:  Week 14
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eMultiple Choice Questions:
eFRQ -- Short
Unit 6
Open Economy -- International Trade & Finance
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Day 2:  Week 14
Reffonomics Baseball Currency Exchange Market
Currency Exchange (12 Multiple Choice Questions)
Open Economy (25 Multiple Choice Questions)
2023 FRQ, Set 2, #2 (Exchange Rates)
2023 FRQ, Set 2, #2 Scoring Guidelines (rubric)
Topic 6.1 - 6.6  REVIEW
Reffonomics Baseball Game Rules
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Budgeting (The Story of Mr. and Ms. Cheapo)

Budgeting for College

Learning about Income and Wealth

Figuring Compound Interest and the Rule of 72

Purchasing a Car

Purchasing Insurance

Purchasing a House

Understanding Financial Investments

Learning about Stocks

Learning about Bonds

Influencing Consumer Choice (Advertising)

Understanding Credit

Filling Out the 1040EZ Tax Form (2020)
Financial Literacy is NOT on the CLEP Principles of Macroeconomics exam;
however, the lessons below will be so much more valuable to you moving forward
in your young life than any score you receive on your CLEP exam.