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Economics Unit 4

This class was created by Brainscape user Laurence Chinn-brown. Visit their profile to learn more about the creator.

By: Laurence Chinn-brown
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Decks in this class (19)

Globalisation
What is globalisation,
Characteristics of globalisation,
Causes of globalisation 5
7  cards
Pattern Of Trade
What is pattern of trade,
Factors influencing patterns of t...,
What is comparative advantage
7  cards
Balance Of Payments
What is the balance of payments,
What does the current account do 4,
What is a current account deficit
21  cards
Trading Blocs
What is a trading bloc,
What is free trade areas and an e...,
What is a customs union
15  cards
Terms Of Trade
What is terms of trade,
What is the terms of trade in an ...,
An improvement in the terms of tr...
12  cards
Exchange Rates
Both types of exchange rates,
What is real exchange rate,
Factors influencing the exchange ...
14  cards
Restrictions On Free Trade
What is protectionism,
What does protectionism involve 7,
Reasons for restricting trade 5
22  cards
Specialisation And Trade
What is absolute advantage,
What is comparative advantage,
The law of comparative advantage
5  cards
International Competitiveness
What are the measures of competit...,
What is relative export prices,
What is relative unit labour
19  cards
Taxation
What is progressive tax,
What is regressive tax,
What is proportional tax
7  cards
Public Expenditure
What is public expenditure,
What are the three main types of ...,
What does capital spending include
9  cards
Poverty And Inequality
What is absolute poverty,
What is relative poverty,
Measures of poverty 2
7  cards
Emerging And Developing Economies
Which economic indicators effect ...,
What is real gdp per capita,
Limitations of gdp as a measure o...
11  cards
Wealth And Income Inequality
What is wealth and income,
Why is wealth inequality normally...,
Is inequality necessary 2
8  cards
Market oriented strategies Influencing Growth And Development
What do factors influencing growt...,
What factors can influence growth...,
How does free trade enable growth...
7  cards
The Financial Sector
The roles of the financial sector 5,
How does the financial market red...,
Market failures in the financial ...
5  cards
Interventionist And Other Strategies Influencing Growth And Development
What are interventionist strategies,
List intervening strategies 3,
Evaluation of interventionist str...
5  cards
Public Sector Finances
Definition of public sector net b...,
What is cyclical and structural d...,
What are automatic fiscal stabili...
6  cards
Macroeconomic Policies In A Global Context
Measures to reduce fiscal deficit...,
Impact of lower interest rates 4,
Evaluation to interest rates boos...
9  cards

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Economics Unit 4

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