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Economics Theme 4

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

By: Mitchell Downes
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Decks in this class (21)

Globalisation
Globalisation,
Characteristics of globalisation,
The causes of globalisation
9  cards
Specialisation and Trade
International division of labour,
Reasons for international trade,
Absolute advantage
5  cards
The Terms of Trade
Terms of trade,
If tot increasesif tot decreases,
Cause of changes in tot sr
5  cards
Common Markets and Monetary Unions
Common market,
Common external tariff,
Free trade area
8  cards
The World Trade Organization
World trade organization wto,
Two main functions of the wto,
Trade liberalisation
3  cards
Restrictions on Free Trade
Free trade,
Protectionism,
Quota
8  cards
Balance of Payment Issues
Balance of payments,
3 accounts in bop,
Current account
11  cards
Exchange Rate Systems
Exchange rates,
Floating exchange rate,
How do shifts in demand for curre...
14  cards
The Impact of Changes in Exchange Rates
Marshall lerner condition,
The j curve
2  cards
International Competitiveness
International competitiveness,
Measures of international competi...,
Factors affecting international c...
4  cards
Inequality and Poverty
Wealth,
Marketable wealth,
Non marketable wealth
12  cards
Redistribution of Income and Wealth
Progressive tax,
Proportional tax flat rate tax,
Regressive tax
5  cards
Measures of Development
Hdi,
Happy planet index,
The inequality adjusted human dev...
5  cards
Factors Influencing Growth and Development
Capital flight,
Dutch disease,
Foreign exchange gap
8  cards
Strategies Influencing Growth and Development
Strategies influencing growth and...,
Interventionist strategies,
Other strategies for development
4  cards
Financial Markets
Financial market,
Role of financial markets,
Different types of markets
4  cards
Central Banks and Financial Market Regulation
Central bank,
Key functions of central banks
2  cards
Public Expenditure
Reasons for public expenditure,
3 types of public expenditure,
Reasons for changing size and com...
3  cards
Taxation
Reasons for taxation,
Effects of changes in direct tax ...,
The laffer curve
5  cards
Public Sector Finances
Automatic stabilisers,
Discretionary fiscal policy,
Fiscal budget deficit
8  cards
Trading Blocs
Trading bloc,
5 main types of trading blocs,
Bilateral agreements
4  cards

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Economics Theme 4

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