Key Terms to Know: 1. Savings 2. Investment 3. Supply of Savings 4. Consumption Smoothing 5. Lifecycle theory of savings 6. Time preference 7. Choice Architecture 8. Real Interest Rate 9. Nominal interest rate 10. Inflation premium 11. Demand to Borrow 12. Loanable Funds Market 13. Financial Intermediaries 14. Banks 15. Bonds 16. Stocks 17. Initial Public Offering (IPO) 18. Bank Failure / Bank panic 19. Financial crisis 20. Insolvency 21. Owner Equity 22. Leverage 23. Securitization 24. Shadow Banking 25. Comparative advantage 26. Imports 27. Exports 28. Protectionism 29. Tariff 30. Quota 31. Globalization 32. Trade Agreements 33. Balance of Trade 34. Balance of Payments 35. Current Account 36. Capital Account 37. Official Reserves 38. Exchange Rate 39. Appreciation of currency 40. Depreciation of currency 41. Nominal exchange rate 42. Real exchange rate 43. Purchasing power parity theorem 44. Law of One Price 45. Floating Exchange Rates 46. Fixed (Pegged) exchange rate 47. Dollarization Key Models/Graphs to Know: 1. Market for Loanable Funds (savings/borrowing) 2. Domestic Supply and Demand (with and without protectionism) Key Math to Know: 1. Leverage ratio