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Economics Year 2

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

By: Michelle Odukomaiya
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Decks in this class (15)

3.1.1 Growing economies
Offshoring,
Rationalisation,
Nominal value
27  cards
3.1.2 Trade and growth
Tariffs,
Trade liberalisation,
Specialisation
23  cards
3.1.3 Trading blocs
Trade blocs,
Free trade areas,
Common markets
11  cards
3.1.4 Trade Policy and Negotiations
Protectionism,
Trade barriers,
Tariffs
16  cards
3.1.5 Impact of exchange rate changes
Current account balance of payments,
What is in a balance of payments ...,
Economic growth and trade deficit
11  cards
3.2.1 Conditions that prompt trade
Market saturation,
Emerging economies,
Under utilised capacity
12  cards
3.2.2 Assessing potential of different economies
Ease of doing business index,
Infrastructure,
Commodity
16  cards
3.3.1 Responding to Global demand
Glocalisation,
Ethnocentric,
Geocentric
20  cards
3.3.2 Demand side factors in the global market
Social and cultural differences,
Joint ventures,
Global niche market
14  cards
3.4.1 Impact of Multinational Corporations
Mncs and asymmetric power and rel...,
What is an mnc,
What is technology transfer
15  cards
3.4.2 Ethical issues and MNCs
Stakeholders,
Ethical decision making,
Exploitation of labour
15  cards
3.4.3 Can MNCs be controlled
Pressure groups,
Why are mncs hard to control,
Political and legal control of mncs
9  cards
3.5.1 Employment Patterns
Structural change,
How has the global labour force i...,
Structural change with developed ...
8  cards
3.5.2 Wage rates
Demand for labour,
Monopoly,
Factors that affect supply of labour
21  cards
3.5.3 Minimum wage legislation
What are minimum wages,
Minimum wages are kept low because,
Why are benefits more attractive ...
9  cards

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Economics Year 2

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