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.
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 …
During our studies of market structures we have come across oligopolies. We have found that in this form of structure there can be both collusive and non-collusive markets. It is important to remember that this means that we also have more than one model to help us explain and analyse this form of structure. We …
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 …