Table of Contents

  1. Topic pack - International economics - introduction
    1. Key terms - international trade
    2. Key terms - exchange rate
    3. Key terms - balance of payments
    4. Key terms - economic integration
    5. Key terms - terms of trade
    6. International Organisations
    7. Aims of the economics course
    8. Assessment Objectives
    9. Section Three Structure
  2. Section 3.1 International trade (notes)
    1. Reasons for trade - introduction
    2. Benefits of trade
    3. Absolute advantage
    4. Comparative advantage
    5. Absolute and comparative advantage (video)
    6. World Trade Organisation (WTO)
    7. The role of the WTO
    8. WTO background information
    9. Trade protection - introduction
    10. Introduction to trade policies (video)
    11. Types of protectionism
    12. Tariffs - case study
    13. Imposing a tariff - calculation
    14. Setting a quota - calculation
    15. Giving a subsidy - calculation
    16. Arguments for protectionism
    17. Arguments against protectionism
  3. Section 3.1 International trade (questions)
    1. Reasons for trade - short answer
    2. Vietnam joins the WTO
    3. Russia's WTO membership bid backed by European Union
    4. Types of protectionism - short answer
    5. Arguments for protectionism - short answer
    6. International bread basket
    7. New Zealand apple growers bite back - trade & protectionism
    8. Fowl Play?
    9. Dumping shoes on the EU
    10. Protectionism in Europe
    11. Imposing a tariff - numerical
    12. Setting a quota - numerical
    13. Giving a subsidy - numerical
  4. Section 3.1 International trade - simulations and activities
    1. DragIT - Comparative advantage theory
    2. DragIT - Tariffs (1)
    3. DragIT - Tariffs (2)
    4. DragIT - Tariffs (3)
  5. Section 3.2 Exchange rates (notes)
    1. Exchange rates - introduction
    2. Floating exchange rates
    3. Demand and supply of dollars (video)
    4. Exchange rate appreciation
    5. Exchange rate depreciation
    6. Demand and supply of dollars (video)
    7. Advantages and disadvantages of floating exchange rates
    8. Exchange rate determination - calculation
    9. Causes of changes in exchange rate
    10. Effects of exchange rate changes
    11. Fixed exchange rates
    12. Advantages and disadvantages of fixed exchange rates
    13. Managed exchange rates
  6. Section 3.2 Exchange rates - questions
    1. Exchange rate movements - short answer
    2. Exchange rates - essay
    3. Pound takes a dive
    4. Destabilising currency flows
    5. The iPad index
    6. Exchange rates - G20 considers wider role for China's yuan
  7. Section 3.2 Exchange rates - simulations and activities
    1. DragIT - exchange rate determination (1)
    2. DragIT - Exchange rate determination (2)
  8. Section 3.3 Balance of payments - notes
    1. BOPs - introduction
    2. Credits and debits
    3. Current account
    4. Capital account
    5. Financial account
    6. Relationship between accounts
    7. Balance of payments - calculation
    8. Current account & floating exchange rate
    9. Current account & fixed exchange rate
    10. Balance of payments problems
    11. Consequences of deficit / surplus
    12. Policies to correct a balance of payments disequilibrium
    13. Consequences of a financial account deficit / surplus
    14. Marshall-Lerner condition
  9. Section 3.3 Balance of payments - questions
    1. Current account - short answer
    2. The balance of payments - self-test questions
    3. Balance of payments - calculation (1)
    4. Balance of payments - calculation (2)
    5. Methods of correction - short answer
    6. Balance of payments - essay
    7. Can the beast be tamed? America's monster trade gap
  10. Section 3.4 Economic integration - notes
    1. Economic integration - introduction
    2. Where does trade occur?
    3. Stages of economic integration
    4. Trade blocs
    5. The effects of trade blocs
    6. Obstacles to achieving integration
    7. Monetary union
    8. Advantages & disadvantages of single currencies
  11. Section 3.4 Economic integration - questions
    1. Trading blocs - essay
    2. Estonia becomes the 17th member of the euro zone
    3. Economic policy in the euro zone
    4. Eurozone to consider closer economic scrutiny
    5. A flat earth?
  12. Section 3.5 Terms of trade - notes
    1. Terms of trade - introduction
    2. Terms of trade (TOT)
    3. Impact of terms of trade on the balance of payments
    4. Elasticity of demand for imports and exports
    5. Impact of terms of trade on the economy
    6. Causes of changes in the Terms of Trade
  13. Section 3.5 Terms of trade - questions
    1. Impact of terms of trade - essays
    2. Malawi's Economic Direction
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