Manual Transmissions

Did you know that it is almost impossible to find a manual car to learn to drive a stick shift on? I can't find any nearby car rental companies that have them. None of my friends have a manual. The only family that have manuals own sports cars. They aren't letting me learn to drive a stick on those! I was thinking to kill some time this summer with a learning attempt. But looks like it won't be happening. Maybe I'll just give up and get lessons when I get the money in Sweden.

My child development final today was relatively easy. I have faith that my score on that should be quite good. I'm more worried about my International Trade Economics final tomorrow. I've been studying a bit today.

Oh, and it's hot here. With the amount that my roommate is running the AC... I fear what our energy bill will be for this month.

EDIT: I will now inflict upon you the stuff I'm studying. Mwahahahaha.

When dealing with the demand for British pounds in the United States the curve is a normal, downward sloping demand curve. This is because as the pound depreciates relative to the dollar, the quantity of pounds demanded by Americans increases. Keep in mind we are measuring the price of the pound - the exchange rate - on the vertical axis. Since it is dollars per pound, it is the price of a pound in terms of dollars and an increase in the exchange rate (R), is a decline in the value of the dollar.

For Americans, British goods are less expensive when the pound is cheaper and the dollar is stronger. That means that at depreciated values for the pound, Americans will buy more British stuff. If they want to do that, they have to exchange dollars for pounds. This means that an increase in the demand for British goods leads to an increase in the quantity of pounds demanded.

On the supply side of the graph, the supply line slopes up because British firms and consumers want to buy a greater quantity of American goods as the dollar becomes cheaper. The brits have to buy dollars if they wish to buy American goods. So an increase in American goods demanded causes an increase in the quantity of foreign currency supplied to the states.

This is almost starting to make sense. Which is good cause the test on it is tomorrow afternoon!