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Theme 4 (International Economics (Globalisation, Specialisation and trade,…
Theme 4
International Economics
Globalisation
Specialisation and trade
pattern of trade
Terms of trade
trading blocs and the WTO
Restrictions on free trade
BOP
Exchange Rates
International competitiveness
Emerging and developing economies
Factors affecting growth and development
Measures of development
Strategies influencing growth and development
The financial sector
The role of financial markets
Market failure in the financial sector
Role of central banks
The role of the state in the macroeconomy
Public expenditure
Taxation
Macroeconomic policies in a global context
Poverty and Inequality
Absolute and relative poverty.
Inequality