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Decks in this class (21)
4.1.1 Globalisation
What is the key benefit of global...,
What is globalisation,
What are the characteristics of g...
14
cards
4.1.2 Specialisation and Trade
What is absolute advantage,
Explain this table and who has th...,
Explain comparative advantage
11
cards
4.1.3 Pattern of trade
What is the geographical pattern ...,
Explain the geographical pattern ...,
What is the gravity theory of trade
15
cards
4.1.4 Terms of Trade
What are the terms of trade,
Formula for calculating the terms...,
What does a rise in the price ind...
6
cards
4.1.5 Trading blocs and the World Trade Organisation (WTO)
What does the wto do,
What are examples of regional tra...,
What is a free trade area
31
cards
4.1.6 Restrictions on free trade
What are the main reasons for pro...,
When does dumping happen,
What is a recent example of impor...
21
cards
4.1.7 Balance of Payments
What balances are the current acc...,
What does the trade balance of go...,
What does the trade balance of se...
33
cards
4.1.8 Exchange Rates
What is an exchange rate,
What is an effective exchange rate,
What are the main exchange rates
36
cards
4.1.9 International Competitiveness
What is competitiveness,
What is the key measure of price ...,
What is the key measure of non pr...
23
cards
4.2.1 Absolute and relative poverty
What is absolute poverty,
What are the world bank s two pov...,
What is relative poverty
7
cards
4.2.2 Inequality
What is income,
What is wealth,
What does distribution of income ...
15
cards
4.3.1 Measures of development
What is development according to ...,
What is the avg per capita in a h...,
What were the three objectives of...
13
cards
4.3.2 Factors influencing growth and development
Explain primary product dependency,
What is the core idea behind the ...,
However in reality for many count...
43
cards
4.3.3 Strategies influencing growth and development
What are free market approaches t...,
What are examples of market led p...,
Explain trade liberalisation
60
cards
4.4.1 Role of Financial Markets
What is a financial market,
What are the key roles of financi...,
How do businesses gain finance fo...
28
cards
4.4.2 Market Failure in the Financial Sector
What are examples of financial ma...,
What is market failure,
What is asymmetric information
21
cards
4.4.3 Role of Central Banks
What are examples of central banks,
What does the central bank do
44
cards
4.5.1 Public expenditure
What are example of current spending,
What are examples of capital spen...,
What is the significance of govt ...
12
cards
4.5.2 Taxation
Explain what direct tax is,
Explain indirect tax with examples,
What are progressive taxes and gi...
20
cards
4.5.3 Public sector finances
What are discretionary fiscal cha...,
What are automatic stabilisers,
How does tax revenue act as an au...
17
cards
4.5.4 Macroeconomic policies in a global context
What is fiscal austerity,
What,
Give examples of how the governme...
28
cards
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Theme 4 Macroeconomics
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