Economics-Summary-Notes

Economics-Summary-Notes - HSC Economics 2010 Summary Notes...

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Unformatted text preview: HSC Economics 2010 Summary Notes Jamie Kennedy Last Updated 22/12/2010 Economics Summary Notes 2010 Jamie Kennedy 2 D:\Documents\School\School Work\Economics\Economics Summary Notes.docx T ABLE OF C ONTENTS The Global Economy.................................................................................................................................................... 8 Features of the global economy............................................................................................................................. 8 Nature of the global economy and globalisation............................................................................................... 8 The Global Economy........................................................................................................................................ 8 Gross World Product ....................................................................................................................................... 8 Globalisation .................................................................................................................................................... 8 The International Business Cycle ...................................................................................................................10 Trade and financial flows ....................................................................................................................................11 Changes In The Size, Pattern And Direction Of Trade And Investment........................................................11 The Foreign Exchange Market........................................................................................................................11 The Main Participants In Foreign Exchange Markets ................................................................................... 12 The Impact Of Changes In Trade And Financial Flows On Economies......................................................... 12 Free trade and protection.................................................................................................................................. 12 The Basis Of Free Trade Its Advantages And Disadvantages .................................................................. 12 Reasons For Protection.................................................................................................................................. 13 Methods Of Protection And The Effects Of Protectionist Policies On The Domestic And Global Economy .........................................................................................................................................................................14 Contemporary trading blocs and agreements..................................................................................................14 The Role, Importance And Influence In The Global Economy Of Blocs And Agreements..........................14 EU, NAFTA, APEC, ASEAN, CERTA.................................................................................................................. 15EU, NAFTA, APEC, ASEAN, CERTA....
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This note was uploaded on 03/12/2012 for the course ECON 1512 taught by Professor James during the Spring '99 term at Alvernia University.

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Economics-Summary-Notes - HSC Economics 2010 Summary Notes...

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