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Edexcel A-level Economics A

Theme 4: A global perspective

The Ceteris modules for Edexcel A-level economics, A global perspective, listed under each specification section. Each module teaches one idea, with questions through the page.

4.1 International economics

Absolute and comparative advantageWork out which country has the comparative advantageCalculation · 7 min · FreeWhy countries tradeExplain how both countries gain from specialising and tradingHow it works · 7 minTariffsShow what a tariff does to price, quantity and welfareDiagram · 7 minQuotas and non-tariff barriersTell a tariff from a quota and the other non-tariff barriersTell them apart · 6 minThe balance of paymentsSay what the current account records and what a deficit meansConcept · 8 minFloating and fixed exchange ratesTell a floating exchange rate from a fixed oneTell them apart · 6 minHow a weaker currency reaches a shop priceFollow a fall in the exchange rate through to what a shopper paysHow it works · 6 minTrade blocs and the WTOTell the stages of economic integration apartConcept · 7 minIs globalisation good for developing economies?Weigh the case each way on globalisation and developmentDebate · 8 min

4.2 Poverty and inequality

Absolute and relative povertyTell absolute poverty from relative povertyTell them apart · 6 minThe Lorenz curve and the Gini coefficientRead inequality off a Lorenz curve and say what a Gini number meansCalculation · 7 min

4.3 Emerging and developing economies

Measuring developmentWork out an HDI-style measure and say what it adds to GDPCalculation · 7 minIs globalisation good for developing economies?Weigh the case each way on globalisation and developmentDebate · 8 min

4.4 The financial sector

How banks create moneyExplain how one deposit becomes more money in the banking systemHow it works · 7 minWas financial regulation after 2008 worth it?Weigh the case each way on tighter bank regulationDebate · 7 min

4.5 Role of the state in the macroeconomy

Automatic stabilisersSay what an automatic stabiliser is and name twoConcept · 6 minThe budget deficit and the national debtTell a deficit from a debt, and cyclical from structuralConcept · 8 min