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Final Macro 2

This class was created by Brainscape user Verity Russell. Visit their profile to learn more about the creator.

By: Verity Russell
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Decks in this class (25)

Specialisation and Trade
Define the term absolute advantage,
Define the term comparative advan...,
Assumptions of theory of comparat...
6  cards
Globalisation
What are the characteristics of g...,
What are the causes of globalisation,
Impacts on the world
8  cards
Terms of Trade
Terms of trade formula,
What does the terms of trade tell us,
How does an increase in exports p...
7  cards
Restrictions on Free Trade
Types of restrictions on free trade,
Tariff axis,
Effects of tariffs on producers c...
5  cards
Trading Blocs
Free trade areas,
Customs union,
Common markets
10  cards
The WTO
What are the two roles of the wto,
Rounds of talks,
Trade disputes
4  cards
Patterns of Trade
What factors influence the patter...
1  cards
Balance of Payments 2.0
What does the capital and financi...,
What is in the capital and financ...,
Define fdi
13  cards
Exchange Rates 2.0
Factors influencing exchange rates,
Impact of changes in exchange rat...,
Im
10  cards
Exchange Rate Systems
0  cards
Poverty
Define absolute povety,
Define relative poverty,
Who defines absolute poverty and ...
5  cards
Inequality
Income inequality,
Lorenz curve axis,
Diagonal line called
9  cards
Capitalism, Growth and Inequality
0  cards
E+D Economies - Education and Skills
Constrains because,
Fix,
Eval
4  cards
E+D Economies - Infrastructure
Constrains because,
Constrains because,
Eval
4  cards
E+D Economies - Health
Constrains because,
Fix,
Eval
4  cards
E+D Economies - Population Growth
Constrains because,
Fix,
Eval
4  cards
E+D Economies - Low Savings
Constrains because,
Fix,
Eval
4  cards
E+D Economies - Corruption
Constrains because,
Fix,
Eval
4  cards
E+D Economies - Landlocked Countries
Constrains because,
Fix,
Eval
4  cards
E+D Economies - Infant Industries
Constrains because,
Constrains because,
Eval
6  cards
E+D Economies - Price Instability
Constrains because,
Fix,
Eval
3  cards
E+D Economies - Foreign Currency Gaps
What is a foreign currency gap,
Constrains because,
Fix
4  cards
E+D Economies - Prebisch Singer Hypothesis
Constrains because,
Fix,
Eval
3  cards
5 types of market failure in financial sector
What are the 5 types of market fa...
1  cards

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Final Macro 2

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