Page 81 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

Chapter 5

Macroeconomics II – The international

economy

Outcome

By the end of this session you should be able to:

 explain the concept of the balance of payments and its implications for
government policy

 identify the main elements of national policy with respect to trade

 explain the impacts of exchange rate policies on business

 explain the concept of globalisation and the consequences for businesses and
national economies

 explain the role of major institutions promoting global trade and development

 identify the impacts of economic and institutional factors using the PESTEL
framework

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 5 of your Study Text

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