IV. Exchange rates in the short-run - 15-1 - 15-2 1. Uncovered interest rate parity (UIP) 2. Graphical Depiction of UIP a. Dollar return b . Expected Euro Return i ) Shifts in return ii) Effect on exchange rate V. National and International Accounts - 16-1, 16-2 1 . Balance of Payments Concepts: CA, NFIA, TB, NUT, FA, KA 2 . Current account and financial account identity 3 . How the exchange rate equilibrates the current and financial accounts 4. National Account Concepts: GNE, GNI, GDP, GNDI 5. Current account and savings- investment identity