Topic #
|
Topic
|
Outcome
|
8.1
|
Specialisation
|
• Describe the benefits of
specialisation at regional
levels
• Describe the disadvantages of
specialisation at regional levels
• Describe the benefits of
specialisation at national levels
• Describe the disadvantages of
specialisation at national levels
|
8.2
|
The balance of payments
|
• Describe the structure of the
current account of the balance of payments
• Discuss the causes of current
account deficits and surpluses
• Discuss the consequences of
current account deficits and surpluses
|
8.3
|
Exchange Rates
|
Define exchange rates
|
8.4
|
Exchange rate fluctuations
|
• Discuss the causes of exchange
rate fluctuations
• Discuss the consequences of
exchange rate fluctuations
|
8.5
|
Protection
|
Describe methods of trade
protection
|
8.6
|
Free trade and protection
|
• Discuss the merits of free trade
• Discuss the merits of protection
|
