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

Decks in this class (21)

4.1.1 - globalisation
What is globalisation,
What are some characteristics of ...,
What are some factors contributin...
9  cards
4.1.2 specialisation and trade
What is an absolute advantage,
What is a comparative advantage a...,
What are the assumptions and limi...
5  cards
4.1.3 - pattern of trade
What is the pattern of trade,
How does countries having compara...,
How do emerging economies affect ...
5  cards
4.1.4 - terms of trade
What is the terms of trade,
How do you calculate the tot,
What are the factors that influen...
4  cards
4.1.5 trading blocs and the world trade organisation
What are free trade areas,
What are customs union,
What are common markets
10  cards
4.1.6 restrictions on free trade
Reasons for restrictions on free ...,
Tariffs,
Quotas
6  cards
4.1.7 balance of payments
Components of the balance of paym...,
Components of the balance of paym...,
Causes of current account deficit...
6  cards
4.1.8 exchange rates
Exchange rate systems,
Exchange rate systems,
Exchange rate systems
12  cards
4.1.9 international competitiveness
Measures of international competi...,
Measures of international competi...,
Factors influencing international...
4  cards
4.2.1 absolute and relative poverty
What is absolute poverty,
What is relative poverty,
What are the causes that change t...
3  cards
4.2.2 inequality
What,
Why his wealth more likely to be ...,
What is the
7  cards
4.3.1 measures of development
What is the hdi,
What are the advantages of using hdi,
What are the disadvantages of usi...
4  cards
4.3.2 factors influencing growth and development
What is primary product dependenc...,
How does the volatility of commod...,
What is the savings gap and how d...
12  cards
4.3.3 strategies influencing growth and development
How does trade liberalisation imp...,
How does,
How does impact growth
10  cards
4.4.1 role of financial markets
0  cards
4.4.2 market failure in financial sector
0  cards
4.4.3 role of central banks
0  cards
4.5.1 public expenditure
0  cards
4.5.2 taxation
0  cards
4.5.3 public sector finances
What are automatic stabalisers,
Discretionary policies
2  cards
4.5.4 macroeconomic policies in a global context
0  cards

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theme 4

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