IBEconomicsDPHL4. The Global Economy

4. The Global Economy (DP IB Economics)

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4.1 Benefits of International Trade

  1. The Advantages of Free Trade
  2. Absolute & Comparative Advantage

4.2 Types of Trade Protection

  1. Tariffs
  2. Quotas
  3. Export Subsidies
  4. Administrative Barriers

4.3 Arguments for & Against Trade Protection

  1. Arguments for & Against Trade Protection

4.4 Economic Integration

  1. Understanding Economic Integration
  2. Types of Trading Blocs
  3. The World Trade Organisation (WTO)

4.5 Exchange Rates

  1. Types of Exchange Rate Systems
  2. Causes & Consequences of Exchange Rate Fluctuations
  3. Fixed Versus Floating Exchange rate Systems

4.6 Balance of Payments

  1. Components of The Balance Of Payments
  2. Exchange Rates & the Balance Of Payments
  3. Persistent Current Account Deficits
  4. Marshall-Lerner & J-Curve
  5. Persistent Current Account Surpluses

4.7 Sustainable Development

  1. The Sustainable Development Goals
  2. The Relationship Between Sustainability & Poverty

4.8 Measuring Economic Development

  1. Single Indicators of Development
  2. Composite Indicators of Development
  3. Evaluating the Different Approaches

4.9 Barriers to Economic Growth & Development

  1. Poverty Traps
  2. Economic, Political & Social Barriers

4.10 Economic Growth & Development Strategies

  1. Trade Strategies, Diversification & Social Enterprise
  2. Market-Based & Interventionist Policies
  3. Merit Goods & Inward Foreign Direct Investment
  4. Foreign Aid & Development Assistance
  5. Institutional Change
  6. Evaluating Market Orientated Approaches Versus Government Intervention
  7. Progress Towards Sustainable Development Goals

4.1 Benefits of International Trade

  1. Exam Questions

4.2 Types of Trade Protection

  1. Exam Questions

4.3 Arguments for & Against Trade Protection

  1. Exam Questions

4.4 Economic Integration

  1. Exam Questions

4.5 Exchange Rates

  1. Exam Questions

4.6 Balance of Payments

  1. Exam Questions

4.7 Sustainable Development

  1. Exam Questions

4.8 Measuring Economic Development

  1. Exam Questions

4.9 Barriers to Economic Growth & Development

  1. Exam Questions

4.10 Economic Growth & Development Strategies

  1. Exam Questions
DP IB Economics Past Papers