Specification point 4.1.5 · Theme 4
International economics · A global perspective
Questions tagged to this specification point
8 questions
Long-form evaluation and discussion
Case study · The cost of living in the UK
Evaluate the microeconomic and macroeconomic effects of a regional trade agreement between the UK and the EU.
Case study · Ghana – cocoa and chocolate production
Evaluate the microeconomic and macroeconomic effects of Ghana joining the African Continental Free Trade Agreement (Extract F).
Evaluate the effects of the growth of trading blocs such as the TFTA on global trading patterns.
Questions built around exam extracts
Case study · Trade and development in Africa
With reference to Extract A, explain what is meant by a ‘regional trade agreement’ (Extract A, line 7).
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Case study · Trade and Development Issues in Africa
Nigeria is considering joining the African Continental Free Trade Agreement. Assess policies the Nigerian government could use in response to the concerns of the country’s ‘manufacturers and trade unions’ (Extract B paragraph 3) if they join this trading bloc.
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Case study · Trade and Development Issues in Africa
Discuss the likely benefits of increased economic integration for sub-Saharan African countries.
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Focused calculations, explanations and diagrams
With reference to the theory of comparative advantage, explain how CETA may increase the GDP of both the EU and Canada.
Quick checks of economic understanding
Which one of the following is most likely to decrease as a result of CETA?