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Decks in this class (43)
4.1.1 - Globalisation
Define globalisation,
Containerisation,
Define fdi
20
cards
4.1.1 - cont (impacts of globalisation
One downside of globalisation,
How does globalisation increase g...,
How does globalisation impact con...
19
cards
4.1.2 - Specialisation and Trade
Define absolute advantage simple,
Define comparative advantage,
How to find who has comparative a...
19
cards
4.1.5 - Trading blocs and the World Trade Organisation (WTO)
State types of trading blocs regi...,
Define free trade areas,
Define customs unions
25
cards
4.1.6 - restrictions on free trade
State four types of restrictions ...,
Define comparative advantage,
Defien ad valorem tariff
21
cards
4.1.6 - contd
What are embargoes,
How does subsidies to domestic pr...,
What are administrative barriers
10
cards
4.4.1 - Role of financial markets
State the five roles of financial...,
State the three types of financia...,
What do financial markets act as
19
cards
Financial crisis background
Define securitization,
What are mbs,
Outline risks with mbs
15
cards
4.4.2 - Market failure in the financial sector
Causes of market failure in thefi...,
Define asset bubble,
Define financial crisis
15
cards
4.4.3 - role of central banks
State the four key functions of c...,
Describe the central bank s role ...,
Describe the central banks role a...
14
cards
4.4.3 - contd
Define capital ration,
Define liquidity ratio,
Define systemic risk
17
cards
4.1.5 - WTO contd
What are the two aims of wto,
Possible conflicts between wto an...,
Whta is the difference betwee gat...
16
cards
4.4.2 PART 2
Why might assymetric information ...,
Example of assymetric information...,
What did gfc show
23
cards
4.3.1 - Measures of development
Define economic development,
Define aid,
Define bric
30
cards
4.3.2A - Factors influencing growth and development
Economic factors affecting growth...,
Define primary product dependency,
Define terms of trade
17
cards
4.3.2B - factors influencing growth and development
Describe malawi s exports,
Describe norway s exports,
Malawi is an example of a country...
26
cards
4.3.2C - facotrs influencing growth and development
What capital is used in capital f...,
Define dependency ratio,
Define deomgraphy
19
cards
4.3.2D - factors influencing development and growth
Benefit of better education,
Example of humna capital investment,
Example of education
24
cards
4.3.3 Strategies influencing growth and development
Describe market orientated strate...,
Why is trade liberalisation likel...,
How does trade liberalisation aid...
30
cards
4.3.3B - Interventionist strategies influencing development and growth
Name 6 interventionist strategies,
Pros of protectionism for develop...,
Cons of protectionism as a develo...
30
cards
4.5.1 - Expenditure
What is public expenditure to gdp,
Three types of public expenditure,
What is current expenditure
21
cards
4.5.2 - Taxation
Define progressive tax,
Define regressive tax,
Define proportional tax
24
cards
4.5.3 Public sector finances
Define automatic stabilisers,
Define discretionary fiscal policy,
Evaluate automatic stabilisers
26
cards
national debt application
Another differenc between cyclica...,
Pros of national debt,
Cons of a rising budget deficit
17
cards
4.5.2 - Taxation application
What are hypothecated taxes,
Arguments for hypothecated taxes,
Cons of hypothecated taxes
9
cards
4.2.1 - Absolute and relative poverty
Define absolute poverty,
Define relative poverty,
What does wb define as absolute p...
23
cards
4.2.2 - Inequality
What is universal credit,
Define lorenz curve,
Define gini coefficient
24
cards
4.1.7 - Balance of payments
What are the components of the ba...,
Define expenditure reducing policies,
Define expenditure switching poli...
43
cards
4.1.8 part 1
Three types of exchange rate systems,
Problems with gov borrowing to su...,
Define exchange rate
27
cards
4.1.8 -part 2
State marshall lerner condition,
What is j curve effect,
Reasons for j curve effect
12
cards
4.1.9 - international competitiveness
What is international competitive...,
Meausres of international competi...,
State factors affecting internati...
20
cards
4.5.4 - Macroeconomic policies in a global context
What are the main government poli...,
Define austerity,
Measures to
37
cards
4.5.4 - contd
Booklet ways to increase ic,
Problems facing policymakers when...,
How does inaccurate information a...
21
cards
4.1.4 - Pattern of trade
How to calculate terms of trade,
Define terms of trade,
How to describe tot
15
cards
4.1.3 - Pattern of trade
Factors influencing the pattern o...,
Define comparative advantage,
How to relative exchange rates af...
11
cards
4.3.3c - Other development strategies
Assumptions made by the lewis model,
State the other development strat...,
Describe the lewis model
26
cards
4.3.3C PART 2 - International organisation
What is imf conditionality,
What is the role of the imf,
Criticisms of imf
15
cards
2024 app points
Reasons for sharp fall in inflati...,
What happened to house prices in ...,
State of housing market in late 2023
30
cards
2024 Micro App Points
What is gig economy,
Describe growth of gig economy in...,
Consequences of gig economy work
11
cards
bangladesh
History of bangladesh,
How bad was bangladesh in 1971,
Current state of bangladesh
17
cards
Macro hot topics
Which countries are suffering dep...,
Turkey,
Monetary policy in turkey 2024
32
cards
macro hot topics 2
Consequences of unemploymetn,
Costs of unemployment,
Pros of unemployment
25
cards
Paper 3
Micro causes of income inequality,
Macro causes of income inequality,
Micro consequences of income ineq...
43
cards
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Econ Theme 4
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