Terms of trade

Terms of trade

One of the topics that comes up regularly, especially in essays, is terms of trade.  Although many people find this a confusing topic it is one that if you can master is great for evaluation.  The most important thing to remember is that the terms of trade are all about changes in the prices of …

Economic terms

Economic terms

In Economics there are many terms which you need to learn, understand and be able to define.  In our classroom there are many of these terms in posters on the wall.  Below are the posters in pdf form at A4 size. Introductory Economics Microeconomics Macroeconomics International trade Theory of the firm (Higher level only) Clicking …