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

Decks in this class (22)

4.1.1 Globalisation
What are developed countries,
What are developing countries,
What are emerging countries
18  cards
4.1.2 Specialisation and trade
International trade,
Benefits of international trade,
Why do countries specialise
14  cards
4.1.3 Pattern of trade
Recent pattern of uk trade,
What countries do developed count...,
What countries do developing coun...
4  cards
4.1.4 Terms of trade
What is a country s terms of trade,
Calculation of terms of trade,
Factors influencing a country s t...
7  cards
4.1.5 Trading blocs and the WTO
Trading bloc,
What are the types of trading agr...,
Trade agreement
23  cards
4.1.6 Restrictions on free trade
Free trade,
World trade organisation wto,
Reasons for protectionist policies
17  cards
4.1.7 Balance of payments
Balance of payments,
What is the current account of ba...,
What does the current account of ...
11  cards
4.1.8 Exchange rates
Two main types of exchange rate s...,
What is a fixed exchange rate,
What is a floating exchange rate
30  cards
4.1.9 International competitiveness
I,
Measures of international competi...,
Relative unit labour costs
28  cards
4.2.1 Absolute and relative poverty
What are the two types of poverty,
Relative poverty,
Absolute poverty
12  cards
4.2.2 Inequality
Income,
Wealth,
Factors affecting the distributio...
17  cards
4.3.1 Measures of development
Economic growth,
Economic growth
2  cards
4.3.2 Factors influencing growth and development
Economic factors influencing grow...,
Examples of infrastructure,
Give examples of how does poor in...
18  cards
4.3.3 Strategies influencing growth and development
What strategies can be used to he...,
Harrod domar model,
Aid
45  cards
4.4.1 Role of financial markets
Most basic purpose of banks and o...,
How can banks make money availabl...,
Everyday forms of borrowing for i...
33  cards
4.4.2 Market failure in the financial sector
What is a systemic risk,
Speculation,
Market bubbles
12  cards
4.4.3 Role of central banks
Two main roles of a central bank,
When is a lender of last resort n...,
What can central banks do at time...
9  cards
4.4.4 Regulation of financial markets
History of the regulation of fina...,
How did a lack of regulation in t...,
Two types of financial regulation
13  cards
4.5.1 Public expenditure
What are the main reasons for pub...,
The use of public expenditure to ...,
The use of public expenditure to ...
15  cards
4.5.2 Taxation
Taxation,
What are the canons of taxation c...,
Canons of taxation
25  cards
4.5.3 Public sector finances
Automatic stabilisers,
Discretionary fiscal policy,
Fiscal deficit
20  cards
4.5.4 Macroeconomic policies in a global context
0  cards

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THEME 4

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