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4.1: International Economics

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

By: Esther Akinbami
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Decks in this class (11)

4.1.1: Globalisation
What is globalisation,
What is international trade,
What are the contributing factors...
19  cards
Free trade and Comparative Advantage
What are some characteristics of ...,
What are some advantages of free ...,
What does greater economic growth...
4  cards
Key Terms
Absolute advantage,
Absolute poverty,
Comparative advantage
28  cards
4.1.2: Specialisation and Trade
What is comparative advantage,
What is absolute advantage,
What are some assumptions and lim...
5  cards
4.1.3: Pattern of Trade
What are the factors that influen...,
How does comparative advantage af...,
How do emerging economies affect ...
5  cards
4.1.4: Terms of Trade
What are terms of trade,
What is the formula for terms of ...,
What are imrpovements in terms of...
11  cards
4.1.5: Trading blocs and the WTO
What is a trading bloc,
Examples of trading blocs,
What are the different types of t...
17  cards
4.1.6: Restrictions on Free Trade
What are the reasons for restrict...,
What is an infant industry,
What is the infant industry argue...
21  cards
4.1.7: Balance of Payments
What are the short term causes of...,
What are the components of the ba...,
What are the medium and long term...
12  cards
4.1.8: Exchange Rates
What is the exchange rate,
What is a free floating system,
What is a managed floating exchan...
13  cards
4.1.9: International Competitiveness
What are some measures of interna...,
What are the factors which influe...,
What are other factors that influ...
5  cards

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4.1: International Economics

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