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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

4.3.5 - The role of the state in the macroeconomy

4.3.5.1a - distinction between capital expenditure, current expenditure and transfer payments

4.3.5.1b - Reasons for the changing size and pattern of public expenditure in an international

4.3.5.1c - significance of differing levels of public expenditure as a proportion of GDP on: •

4.3.5.2a - distinction between, and examples of, direct and indirect taxes

4.3.5.2b - distinction between progressive, proportional and regressive taxes

4.3.5.2c - economic effects of changes in direct and indirect tax rates on: • incentives to work •

4.3.5.3a - distinction between: borrowing and • fiscal deficits and fiscal surpluses public sector

4.3.5.3b - Factors influencing the size of fiscal deficits and national debts

4.3.5.3c - significance of the size of fiscal deficits and national debts: • impact on interest

4.3.5.4a - governments use fiscal policy, monetary policy, exchange- policies rate policy,

4.3.5.4b - Use of demand-side policies in response to the global financial crisis of 2008

4.3.5.4c - Measures to control TNCs: • to reduce tax avoidance • the regulation of transfer

4.3.5.4d - impact of policy changes on: • local economies • national economies • the global economy

4.3.5.4e - Problems facing policymakers when applying policies: • inaccurate information • risks

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/4.3.5 - The role of the state in the macroeconomy/4.3.5.1a - distinction between capital expenditure, current expenditure and transfer payments

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