Flashcards for 4. The Global Economy - IB
These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams. Each card focuses on 4. The Global Economy and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade. Students can test themselves anytime, anywhere, perfect for reinforcing tricky concepts, learning IB terminology, and committing formulas to memory. By using RevisionDojo's flashcards consistently, learners turn repetition into mastery and enter the exam with confidence.
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4.5 Exchange Rates
6 subtopics
4.5.1 Floating Exchange Rates
16 flashcards
4.5.2 Changes in Demand and Supply of a Currency
17 flashcards
4.5.3 Consequences of Changes to the Exchange Rate
17 flashcards
4.5.4 Fixed Exchange Rates
17 flashcards
4.5.5 Managed Exchange Rates
15 flashcards
4.5.6 Fixed Versus Floating Exchange Rate Systems (HL)
16 flashcards
4.6 Balance of Payments
9 subtopics
4.6.1 Balance of payments
20 flashcards
4.6.2 Components of the balance of payments
16 flashcards
4.6.3 Interdependence between the accounts
16 flashcards
4.6.4 Relationship between the current account and the exchange rate (HL)
19 flashcards
4.6.5 Relationship between the financial account and the exchange rate (HL only)
15 flashcards
4.6.6 Implications of a persistent current account deficit (HL only)
17 flashcards
4.6.7 Methods to correct a persistent current account deficit (HL only)
16 flashcards
4.6.8 The Marshall-Lerner condition and the J-curve effect (HL only)
14 flashcards
4.6.9 Implications of a persistent current account surplus in terms of (HL only)
21 flashcards
4.8 Measuring Development
5 subtopics
4.8.1 The multidimensional nature of economic development
15 flashcards
4.8.2 Single indicators
18 flashcards
4.8.3 Composite indicators
16 flashcards
4.8.4 Strengths and limitations of approaches to measuring economic development
18 flashcards
4.8.5 Possible relationship between economic growth and economic development
15 flashcards
4.10 Economic Growth and Economic Development Strategies
4 subtopics
4.10.1 Strategies to Promote Economic Growth and Economic Development
16 flashcards
4.10.2 Strengths and Limitations of Strategies for Promoting Economic Growth and Economic Development
16 flashcards
4.10.3 Strengths and Limitations of Government Intervention Versus Market-Oriented Approaches to Achieving Economic Growth and Economic Development
20 flashcards
4.10.4 Meeting the Sustainable Development Goals
21 flashcards