The “Prezi” that we used for the international trade section of the syllabus is included below. It only covers the standard level content, and not the additional higher level material such as comparative advantage and trade diversion and creation.
There have been a number of articles in the news recently about what is happening in the Chinese economy relating to the macroeconomic and international trade topics that are in the IB Economics syllabus. There are a number of articles that you should read linked at the bottom of this brief commentary about the situation. …
In the International economics section of the syllabus, it is important to distinguish between the volume and value of trade, and also the impact of changes in the balance of payments and the exchange rate and vice versa. This article refers to China which operates a fixed exchange rate system. We need to think about …
This is a very good article about currency devaluation, where Venezuela operates a different system to most countries with 2 exchange rates (1 for essential goods, and 1 for luxuries). It is very good issue for thinking about the link between exchange rates and inflation (International economics part of the syllabus), and also evaluating the …