Theme 4: A global perspective

4.1 International economics

  • 4.1.1 Globalisation
  • 4.1.2 Specialisation and trade
  • 4.1.3 Pattern of trade
  • 4.1.4 Terms of trade
  • 4.1.5 Trading blocs and the World Trade Organisation (WTO)
  • 4.1.6 Restrictions on free trade
  • 4.1.7 Balance of payments
  • 4.1.8 Exchange rates
  • 4.1.9 International competitiveness

 

4.2 Poverty and inequality

  • 4.2.1 Absolute and relative poverty
  • 4.2.2 Inequality

 

4.3 Emerging and developing economies

  • 4.3.1 Measures of development
  • 4.3.2 Factors influencing growth and development
  • 4.3.3 Strategies influencing growth and development

 

4.4 The financial sector

  • 4.4.1 Role of financial markets
  • 4.4.2 Market failure in the financial sector
  • 4.4.3 Role of central banks

 

4.5 Role of the state in the macroeconomy

  • 4.5.1 Public expenditure
  • 4.5.2 Taxation
  • 4.5.3 Public sector finances
  • 4.5.4 Macroeconomic policies in a global context