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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

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

4.3.6.1a - three components of the Human Development Index (HDI): economic education, health,

4.3.6.1b - Advantages and limitations of the HDI in comparing living standards between countries

4.3.6.1c - Other measures of development: • the percentage of adult male labour in agriculture •

4.3.6.2a - impact of economic factors in different countries: growth and • volatility of commodity

4.3.6.2b - impact of non-economic factors in different countries: • corruption • poor governance •

4.3.6.3a - impact of market-orientated strategies: promote growth • trade liberalisation and

4.3.6.3b - impact of interventionist strategies: • development of human capital • protectionism •

4.3.6.3c - impact of other strategies: • industrialisation (the Lewis structural dual-sector

4.3.6.3d - role of international institutions: • the World Bank • the International Monetary Fund

Assessed quantitative skills

A-Level/Edexcel/Economics//A2/Concept/Unit 4: Developments in the Global Economy/4.3.6 - Growth and development in developing, emerging and developed economies/4.3.6.3a - impact of market-orientated strategies: promote growth • trade liberalisation 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