e-conomics
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  • 2016-18
  • Microeconomics
    • 1.1 Competitive markets: demand and supply >
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      • The tragedy of the bunnies
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  • Macroeconomics
    • 2.1 The level of overall economic activity >
      • What is GDP and why does it matter?
      • Green GDP
    • 2.2 Aggregate demand and aggregate supply >
      • Supply side bottlenecks
    • 2.3 Macroeconomic objectives >
      • Low unemployment >
        • How technology wrecks the middle class
      • Low and stable rate of inflation
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      • Equity in the distribution of income
    • 2.4 Fiscal policy
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  • International
    • 3.1 International trade
    • 3.2 Exchange rates
    • 3.3 The balance of payments
    • 3.4 Economic integration
    • 3.5 Terms of trade (HL only)
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    • 4.1 Economic development >
      • Introduction to development (Tutor2U)
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    • 4.2 Measuring development
    • 4.3 The role of domestic factors
    • 4.4 The role of international trade
    • 4.5 The role of foreign direct investment (FDI)
    • 4.6 The role of foreign aid and multilateral development assistance
    • 4.7 The role of international debt
    • 4.8 The balance between markets and intervention
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3.1 International trade

Absolute advantage.... because every county is best at something

International number ones
Link to GoogleDrive
The classical view of trade.... Chapter 8 of The Cartoon View of Economics (Volume 2: Macroeconomics) by Grady Klein and Yoram Bauman, Ph.D...
Chapter 8
Learn all about comaparative advantage in this computer simulation...
Desert Island Trading Game

Free trade

Where international trade takes place without any government intervention.

Protection

Where government place restrictions on international trade in the form of tariffs, quotas, subsidies or administrative barriers.

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