These topics are examined in the IAL Unit 4 for Edexcel Economics.
You can find notes for Unit 4 here:
Causes and Effects of Globalisation
Trade and the World Economy
- a) Specialisation and comparative advantage
- b) Patterns of trade
- c) Terms of trade
- d) Trade liberalisation
- e) Restrictions on free trade
Balance of Payments and Exchange Rates
Poverty and Inequality
The Role of the State in the Macroeconomy
- a) Public expenditure
- b) Taxation
- c) Public sector borrowing and public sector debt
- d) Macroeconomic policies
Measures to Promote Growth and Development
- Limits to growth and development application points
- a) Market orientated strategies
- b) Government-led strategies
- c) Other strategies
- d) Role of foreign governments, international institutions and non-governmental organisations (NGOs)
- e) Constraints on growth and development
