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Decks in this class (61)
4.1 - Globalisation: Impacts
1
cards
4.1 - Globalisation
What is globalisation,
Why is globalisation important,
What are the 6 main causes of glo...
13
cards
4.1 - Patterns of Trade
What are the main driving factors...,
Which 3 factors are often used to...,
How does comparative advantage in...
12
cards
4.1 - Specialisation + Trade
What are the 2 types of gains mad...,
What are static gains,
What are dynamic gains
11
cards
4.1 - Terms of Trade
How are terms of trade calculated,
What do terms of trade show,
When are terms of trade said to b...
13
cards
4.1 - Trading Blocs + Integration
What is a trading bloc,
Name t,
What is the least integrated trad...
9
cards
4.1 - Trade Bloc Impacts
What are the main advantages for ...,
What are the main disadvantages f...
2
cards
4.1 - International Economic Bodies
What is the role of the imf,
What is the role of the world bank,
What is the role of the wto
6
cards
4.1 - WTO Impacts
Wto benefits,
Wto costs
2
cards
4.1 - Operation of Global Markets
0
cards
4.1 - Protectionism
What are the 4 main forms of prot...,
What is the purpose of a tariff,
What is the purpose of a quota
10
cards
4.1 - Balance of Trade
What is the balance of trade,
Why is balance of trade significant,
What is a balance of trade surplus
12
cards
4.1 - Current Account
What does the current account con...,
What does primary income consist of,
What does secondary income consis...
20
cards
4.1 - UK Current Account
0
cards
4.1 - Balance of Payments
What is the balance of payments,
Give 3 inflows of money into the uk,
Give 3 outflows of money from the uk
4
cards
4.1 - Current Account: Surplus
What are the long term causes of ...,
What are the short term causes of...,
What are the consequences of a pe...
12
cards
4.1 - Exchange Rate Systems
What is the exchange rate,
What are the 3 types of exchange ...,
What is a floating exchange rate
7
cards
4.1 - Floating Exchange Rates
What are the key features of a fl...,
Which factors cause changes to a ...,
How does trade balance affect a f...
6
cards
4.1 - Managed Exchange Rates
What are the principles of a mana...,
How does the central bank influen...,
What are the primary policy tools...
9
cards
4.1 - Depreciation Impacts
What are the principles of a fixe...,
How does a depreciation affect in...,
How does a depreciation affect gr...
7
cards
4.1 - International Competitiveness
What are the 6 factors that influ...,
What is international competitive...,
What is price competition
10
cards
4.2 - Poverty
What is poverty,
What does poverty include,
What are the 2 types of poverty
9
cards
4.2 - Causes + Reductions of Poverty
What are the 6 factors which affe...,
What are the environmental causes...,
What is the resource curse
12
cards
4.2 - Inequality
What is income,
What is wealth,
What does income consist of
10
cards
4.2 - Inequality + Capitalism
What is the profit motive,
How does the profit motive widen ...,
How can profit driven inequality ...
5
cards
4.2 - Measuring Inequality
What is the lorenz curve,
What is the relationship displaye...,
What is the gini coefficient
6
cards
4.3 - Measuring Development
What is economic development,
What are the characteristics of a...,
What are the characteristics of a...
6
cards
4.3 - Factors Influencing Development
How does primary dependency influ...,
How does commodity price volatili...,
How does the savings gap influenc...
12
cards
4.3 - HDI
What is hdi,
What are the 3 aspects of hdi,
What does hdi consist of
10
cards
4.3 - Market Oriented Strategies
What is market based development ...,
List the typical market based dev...,
What is trade liberalisation
12
cards
4.3 - FDI
How does fdi promotion encourage ...,
What are the main benefits of att...,
What is capital intensity
7
cards
4.3 - Microfinance Schemes
What are microfinance schemes,
What are the typical microfinance...,
What is micro credit
7
cards
4.3 - Privatisation
What is privatisation,
What are the benefits of privatis...,
Why is the profit motive a benefi...
5
cards
4.3 - Interventionist Strategy
What does interventionist strateg...,
List some potential key roles of ...,
What are the typical intervention...
18
cards
4.3 - Market + Intervention Evaluation
What are the advantages of market...,
What are the disadvantages of mar...,
What are the advantages of interv...
6
cards
4.3 - Other Development Methods
What are the other strategies to ...,
What are the drawbacks of expandi...,
What are the benefits of expandin...
12
cards
4.3 - Lewis Model
What was the idea arthur lewis pr...,
How did lewis suggest the early e...,
What do these dmr result in
5
cards
4.3 - Overseas Aid
What are the 8 types of overseas aid,
What are the benefits of overseas...,
What are the drawbacks of oversea...
13
cards
4.3 - International Players
What are the 2 institutions compr...,
What is the ibrd,
What is the ida
9
cards
4.4 - Role of Financial Markets
What are the roles of financial m...,
How do financial markets facilita...,
How is lending a function of a fi...
13
cards
4.4 - Money
What are the 4 functions of money,
What is narrow money,
What is broad money
11
cards
4.4 - Banks
What are the key features of bank...,
What are the main functions of a ...,
What is the business model of a b...
13
cards
4.4 - Market Failure in Financial Markets
How can market failure occur with...,
What is the moral hazard,
What is a market bubble
9
cards
4.4 - Role of Central Banks
What are the 4 main functions of ...,
What does monetary policy functio...,
What does monetary policy involve
6
cards
4.4 - Monetary Policy
What is expansionary monetary policy,
What is deflationary monetary policy,
What does tightening of the credi...
10
cards
4.4 - Quantitative Easing
What is the main aim of quantitat...,
How does qe work,
How does qe affect bonds
10
cards
4.5 - Expenditure
What are the 3 types of spending,
What is current expenditure,
What is capital expenditure
10
cards
4.5 - Crowding + Austerity
What is crowding out,
What is crowding in,
What is fiscal austerity
7
cards
4.5 - Taxation
What are the 2 forms of tax,
What is direct tax,
What is indirect tax
8
cards
4.5 - Laffer Curve
Which relationship does the laffe...,
What does the laffer curve suggest,
Why will the highest tax rate not...
3
cards
4.5 - Tax + AD/AS
How do changes in ni income tax a...,
How do changes in corporation tax...,
How do ni changes affect employers
10
cards
4.5 - Impacts of Tax Changes
What is the perceived impact of t...,
Oppose the view that higher taxes...,
How can tax changes affect income...
9
cards
4.5 - National Debts
What is national debt,
Which factors influence the size ...,
What can debt servicing bail outs...
10
cards
4.5 - Deficits + Fiscal Policy
What is the fiscal deficit,
What is discretionary fiscal policy,
What are automatic stabilisers
8
cards
4.5 - Causes of the Deficit
Which cyclical factors affect the...,
How does unemployment affect the ...,
How does business profitability a...
10
cards
4.5 - Austerity
What is fiscal austerity,
What are the typical policies inv...,
What are the arguments in favour ...
7
cards
4.5 - Reducing Inequality + Poverty
What are the 3 main policies desi...,
What do welfare systems usually c...,
How can labour market policy redu...
5
cards
4.5 - Improving Competitiveness
What are the main policies to imp...,
How is policy used to improve lab...,
What does core infrastructure inv...
6
cards
4.5 - External Shocks
What are economic external shocks,
How does development protect a na...,
What are the 2 types of economic ...
8
cards
4.5 - Shock Absorption
What are the 6 main policies impl...,
How does a floating rate improve ...,
How does monetary freedom improve...
8
cards
4.5 - TNC's
What is an mnc tnc,
What is transfer pricing,
What are the benefits of tncs to ...
7
cards
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Macro 13
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