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Final Macro 2

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

By: Verity Russell
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Decks in this class (25)

Specialisation and Trade
Define the term absolute advantage 1,
Define the term comparative advan...,
Assumptions of theory of comparat...
6  cards
Globalisation
What are the characteristics of g...,
What are the causes of globalisat...,
Impacts on countries 3
8  cards
Terms of Trade
Terms of trade formula 1,
What does the terms of trade tell...,
How does an increase in export pr...
7  cards
Restrictions on Free Trade
Types of restrictions on free tra...,
Tariff axis 2,
Effects of tariffs on producers c...
5  cards
Trading Blocs
Free trade areas 1,
Customs union 2,
Common markets 3
10  cards
The WTO
What are the two roles of the wto 1,
Rounds of talks 2,
Settle trade disputes 3
4  cards
Patterns of Trade
What factors influence the patter...
1  cards
Balance of Payments 2.0
What does the capital and financi...,
What is in the capital and financ...,
Define fdi 3
13  cards
Exchange Rates 2.0
Factors influencing exchange rates 1,
Impact of changes in exchange rat...,
Impact of changes in exchange rat...
10  cards
Exchange Rate Systems
0  cards
Poverty
Define absolute poverty 1,
Define relative poverty 2,
Who defines absolute poverty and ...
5  cards
Inequality
Income inequality 1,
Lorenz curve axis 2,
Diagonal line called 3
9  cards
Capitalism, Growth and Inequality
0  cards
E+D Economies - Education and Skills
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Infrastructure
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Health
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Population Growth
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Low Savings
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Corruption
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Landlocked Countries
Constrains because 1,
Fix 2,
Eval 3
4  cards
E+D Economies - Infant Industries
Constrains because 1,
Fix 1 2,
Eval 1 3
6  cards
E+D Economies - Price Instability
Constrains because 1,
Fix 2,
Eval 3
3  cards
E+D Economies - Foreign Currency Gaps
What is a foreign currency gap 1,
Constrains because 2,
Fix 3
4  cards
E+D Economies - Prebisch Singer Hypothesis
Constrains because 1,
Fix 2,
Eval 3
3  cards
5 types of market failure in financial sector
What are the 5 types of market fa...
1  cards

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Final Macro 2

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