This class was created by Brainscape user Sam Heron. Visit their profile to learn more about the creator.
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Sam Heron
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Decks in this class (20)
1.1 Globalisation
Characteristics 1,
What is globalisation 2,
Causes of globalisation 3
9
cards
1.2 Specialisation and Trade
What is comparative advantage 1,
Who made the theory of ca 2,
What is absolute advantage 3
7
cards
1.3 Pattern of Trade
What does patterns of trade mean 1,
Factors influencing pot 2,
Types of pot 3
5
cards
1.4 Terms of Trade
What are the tot 1,
Tot formula 2,
Factors influencing tot 3
4
cards
1.5 Trading Blocs and the WTO
Types of trading blocs 1,
Benefits of being in a trading bl...,
Drawbacks of being in a trading b...
10
cards
1.6 Restrictions on Free Trade
What are trade barriers 1,
Types of trade barriers 2,
Main reason for protectionism 3
6
cards
1.7 Balance of Payments
What is the current account 1,
Components of the current account 2,
Causes of a ca deficit 3
9
cards
1.8 Exchange Rates
What is a floating exchange rate 1,
What is a managed exchange rate 2,
What is a fixed exchange rate 3
15
cards
1.9 International Competitiveness
What is competitiveness 1,
What are unit labour costs determ...,
Non price competitiveness factors 3
8
cards
2.1 Absolute and Relative Poverty
What is absolute poverty 1,
What is relative poverty 2,
Causes of absolute poverty 3
14
cards
3.1 Measures of Development
What is economic development 1,
3 objectives of development 2,
What is the hdi 3
7
cards
3.2 Factors influencing growth & development
Restrictions on growth 1,
What is ppd 2,
What is the dutch disease 3
7
cards
3.3 Strategies influencing growth & development
Types of strategies 1,
What are some market orientated s...,
What are some interventionist str...
18
cards
4.1 Role of Financial Markets
Key roles 1,
What is a financial market 2,
Characteristics of money 3
8
cards
4.2 Market Failure in the Financial Sector
Reasons for market failure 1,
How does asymmetric information w...,
What kind of externalities could ...
5
cards
4.3 Role of Central Banks
Examples of central banks 1,
Main functions of central banks 2,
Aims of monetary policy in the uk 3
13
cards
5.1 Public Expenditure
What is current spending 1,
What is capital spending 2,
What is transfer payments 3
5
cards
5.2 Taxation
What are direct taxes 1,
What are indirect taxes 2,
What are progressive taxes 3
6
cards
5.3 Public Sector Finances
What are automatic stabilisers 1,
What is discretionary fiscal poli...,
What is a cyclical deficit 3
7
cards
5.4 Macroeconomic policy in a global context
What is fiscal austerity 1,
Ways to reduce a fiscal deficit 2,
Policies to reduce poverty and in...
8
cards
More about
Economics Theme 4
- Class purpose General learning
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