Theme 4 – A Global Perspective

This theme is included in A-Level Paper 2 and Paper 3 for Edexcel Economics (A). You can find notes for it below:

International Economics

• China country profile
• a) Globalisation
• b) Specialisation and trade
• c) Pattern of trade
• d) Terms of trade
• e) Trading blocs and the World Trade Organisation (WTO)
• f) Restrictions on free trade
• g) Balance of payments
• h) Exchange rates
• i) International competitiveness

Poverty and Inequality

• a) Absolute and relative poverty
• b) Inequality

Emerging and Developing Economies

• Limits to growth and development application points
• a) Measures of development
• b) Factors influencing growth and development
• c) Strategies influencing growth and development

The Financial Sector

• a) Role of financial markets
• b) Market failure in the financial sector
• c) Role of central banks

Role of the State in the Macroeconomy

• a) Public expenditure
• b) Taxation
• c) Public sector finances
• d) Macroeconomic policies in a global context