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Pearson Edexcel IAL Economics

Unit 3: Business Behaviour

Unit 4: Developments in the Global Economy

4.3.1 - Causes and effects of globalisation

4.3.2 - Trade and the global economy

4.3.3 - Balance of payments, exchange rates and international competitiveness

4.3.4 - Poverty and inequality

4.3.4.1a - distinction between absolute and relative poverty

4.3.4.1b - Measures of absolute and relative poverty

4.3.4.1c - Causes of changes in absolute and relative poverty: • economic growth • education and

4.3.4.2a - distinction between wealth inequality and income inequality

4.3.4.2b - Measurements of inequality: • the Lorenz curve • the Gini coefficient

4.3.4.2c - Causes of inequality in income and wealth within countries and between countries

4.3.4.2d - impact of inequality on: • enterprise • incentives • savings • education • migration •

4.3.4.2e - impact of economic change and development on inequality

4.3.4.2f - significance of the free market economy (capitalism) for inequality

4.3.5 - The role of the state in the macroeconomy

4.3.6 - Growth and development in developing, emerging and developed economies

Assessed quantitative skills

A-Level/Edexcel/Economics//A2/Concept/Unit 4: Developments in the Global Economy/4.3.4 - Poverty and inequality/4.3.4.1c - Causes of changes in absolute and relative poverty: • economic growth • education and

Unit 4: Developments in the Global Economy

Syllabus: 2018
Section: —
Level: A2

Exam analysis

Most tested topics

Causes and effects of globalisation
Trade and the global economy
Balance of payments, exchange rates and international competitiveness
Poverty and inequality
The role of the state in the macroeconomy
Growth and development in developing, emerging and developed economies