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Economics: THEME FOUR

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

By: Sharnika Sivakaran
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Decks in this class (19)

Globalisation (L1)
Globalisation,
Characteristics of globalisation,
Causes of globalisation
8  cards
Specialisation and trade (L2)
Fdi,
Wto,
Factor endowment
8  cards
Restrictions on free trade (L3)
Free trade,
Protectionism,
Reasons for trade restrictions
21  cards
Trading blocs and the WTO (L4)
How can trade be liberalised,
Problems with international trade...,
Problems with gatt general agreem...
21  cards
Absolute and relative poverty 4.2.1
Absolute poverty how would world ...,
How does economic development cor...,
Relative poverty
8  cards
Inequality 4.2.2
Income,
Wealth,
Income inequality
13  cards
measures of development 4.3.1
Characteristics of a developed co...,
What factors is hdi based on,
Evaluate hdi
9  cards
Factors influencing growth and devopment 4.3.2
0  cards
Strategies influencing growth & development 4.3.3
Rostow s model,
Market orientated strategies,
Trade liberalisation
32  cards
Role of financial markets 4.4.1
Financial markets,
Why do financial markets exist,
Types of financial institutions
4  cards
Market failure in the financial sector 4.4.2
Types of market failure,
Asymmetric information,
Externalities
6  cards
patterns of trade 4.1.3
Factors affecting patterns of trade,
Comparative advantage,
Emerging economies
5  cards
terms of trade 4.1.4
Terms of trade,
Favourable movement in the terms ...,
Unfavourable movement
7  cards
balance of payments 4.1.7
What is the balance of payments m...,
Current account,
Capital account
15  cards
role of central banks 4.4.3
Central banks role,
When does the central bank lend t...,
Financial regulation
4  cards
public expenditure 4.5.1
Types of gov expenditure,
Capital gov expenditure,
General gov final consumption
13  cards
taxation 4.5.2
Adam smith argued,
Progressive tax,
Regressive tax
12  cards
public sector finances 4.5.3
Automatic stabilisers,
During a recession what would act...,
During a boom what would act as a...
19  cards
macroeconomic policies in a global context 4.5.4
Policies reducing fiscal national...,
Policies reducing poverty inequality,
Types of benefits the gov may use...
18  cards

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Economics: THEME FOUR

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