2023 Watch the Video The Big Mac Index 8 38 This video is included | Assignments Online

  

1. Watch the Video: “The Big Mac Index” (8:38).  This video is included in the reading material.
2. Follow the LINK to the current Big Mac Index:  The ECONOMIST’S “BIG MAC” INDEX  This  Index is located on the Economist Magazine’s website. This is an  interactive site, so you can click onto the map and see how much the Big  Mac will cost in various countries. This also gives you information  about whether the currency of that country is under- or over-valued.
3. Go to the Internet and Google NEWS for “Exchange Rates and International Trade” (or similar search terms). See example below.
4. Select a news item relating to Exchange Rates and International Trade. Be  sure to copy the LINK to the news item or article that you select. You  will need to include this in your initial discussion board posting.

Discussion Board: Exchange Rates and International Trade:

1. Make your initial Discussion Board Posting (125 – 150 words). In this post you should include/answer/address the following:      
   1. BRIEFLY explain your news item to the class
   2. Include  the LINK to your news item so your classmates and I can read the full  story. (You do NOT need to attach a copy of the item, just include the  link)
   3. What are the challenges that currency exchange rates pose to doing business in a global market?
   4. How can business use exchange rates to their advantage in conducting business globally?