ILO:
a) Components of the balance of payments, with particular reference to the current account, and the balance of trade in goods and services
b) Current account deficits and surpluses
c) The relationship between current account imbalances and other macroeconomic objectives
d) The interconnectedness of economies through international trade
a) Components of the balance of payments, with particular reference to the current account, and the balance of trade in goods and services
b) Current account deficits and surpluses
c) The relationship between current account imbalances and other macroeconomic objectives
d) The interconnectedness of economies through international trade
Balance of Payments & Current Account
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Explain what countries are important for the UK's current account.
Who Does The UK Trade With Most? - Data Dive
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Watch the revision video on the current account.
Balance of Payments - Current Account I A Level and IB Economics
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Trade Deficits
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Using your own knowledge explain the deficits associated to the countries in the video.
Top 15 Countries with the Largest Trade Deficit and their Deficit Decomposition (1962-2018)
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Assess the effects of UK's productivity on our trade balance. (10 marks)
Why are UK workers so unproductive? – in 5 charts
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Trade Surplus
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Using your own knowledge explain the surplus associated to the countries in the video.
Top 40 Countries with the Highest Trade Balance Surplus, 1989 to 2018 [4K]
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Examine two causes of Germany's trade surplus.
(8 marks)
Global Leaders - The Economic Power of Southern Germany | Made in Germany
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Relationship between current account imbalances and other macroeconomic objectives
Assess the risk of the USA's current account deficit for its macro economic performance. (12 marks)
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US-China trade deficit skyrockets | DW News
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Trump worries about the trade deficit - should we? - BBC News
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Export Driven Growth - LDC
Never before in history has a great power risen so fast, and in so many different spheres, as the China we see today. In three short decades, the backwards farming nation of both presidents' childhoods has become the world's largest manufacturer and largest trader. It may overtake the US during President Xi's time in office to become the world's largest economy.
China's trade with the US alone has risen from $2bn in 1979, when relations were established, to nearly $600bn last year. The relationship is broad and deep, marked by intense co-operation but also intense competition.
http://www.bbc.co.uk/news/world-asia-china-34368249
China's trade with the US alone has risen from $2bn in 1979, when relations were established, to nearly $600bn last year. The relationship is broad and deep, marked by intense co-operation but also intense competition.
http://www.bbc.co.uk/news/world-asia-china-34368249
Assess the role trade played in China's economic growth. (12 marks)
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Videographic. The largest migration in history
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How China became a superpower: 40 years of economic reform | DW News
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Revision videos on trade balances
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UK Economy Update 2019:Trade & Competitiveness
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Current Account Deficits (Balance of Payments)
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Solving a trade imbalance
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Assess how effective tariffs are in reducing a trade deficit. (10 marks)
The real winners (and losers) of the US-China trade dispute | DW explainer
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Watch the development of analysis through interconnected chains of reasoning and TWE factors.
A Level Economics Synoptic Essay Plan: Reducing a Trade Deficit
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The interconnectedness of economies through international trade
How do these examples show the risks of inter-contentedness that comes from trade and globalisation?
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How could a No-Deal Brexit affect our food options?
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How China's Economic Slowdown Is Rippling Around the Region | WSJ
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