Strategies to promote economic growth and/or economic development • Trade strategies
• Social enterprise • Market-based policies
• Foreign aid
Strengths and limitations of government intervention versus market-oriented approaches for achieving economic growth and economic development Progress towards meeting selected Sustainable Development Goals in the context of two or more countries Link to packet Life and Debt documentary: drive.google.com/file/d/0B2DnmWBd6LOCNzF0ejdreVFuVjg/view?usp=sharing&resourcekey=0-h2eKAewxDeat2Gkja6qEhQ Poverty traps / Poverty cycles Diagram: a poverty cycle showing any linked combination of factors that perpetuate poverty Economic barriers
Political and social barriers
Link to packet. Link to packet for social/political barriers.
Strengths and limitations of approaches to measuring economic development
Link to packet HL page 5 drive.google.com/file/d/195lKixt-fLWaFTIQBiginrqDeQAb751f/view?usp=sharing Conceptual understandings
Balance of payments - credit and debit items; surplus or deficit on an account; components of the balance of payments:
HL only content
Link to packet
Floating exchange rates
Changes in demand and supply for a currency - factors including:foreign demand for exports, domestic demand for imports, inward/outward foreign direct investment, inward/outward portfolio investment, remittances, speculation, relative inflation rates, relative interest rates, relative growth rates, central bank intervention
Consequences of changes in the exchange rate on economic indicators, such as: the inflation rate, economic growth, unemployment, the current account balance, living standards
Fixed exchange rate
Managed exchange rates
Link to packet
Link to packet HL SL A brand new real world example of potential monetary integration: Brazil and Argentina to start preparations for a common currency
Arguments for trade protection (advantages), including:
Link to packet
Tariffs
Link to packet HL Calculations packet |