International economic issues (A Level)

Worked examples (6)

• 1Classify balance-of-payments items (4 marks)
• 2Classify switching vs reducing policies (4 marks)
• 3Why the BoP must balance (5 marks)
• 4Effects of expenditure-reducing policy (5 marks)
• 5Supply-side policy and the BoP (6 marks)
• 6Evaluate policies to correct a deficit (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Nominal vs real exchange rate (4 marks)
• 2Fixed vs floating systems (4 marks)
• 3Devaluation vs depreciation (3 marks)
• 4Apply the Marshall-Lerner condition (5 marks)
• 5Explain the J-curve (6 marks)
• 6Evaluate devaluation to fix a deficit (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Economic growth vs economic development (4 marks)
• 2Why use GNI per head at PPP (4 marks)
• 3Components of the HDI (3 marks)
• 4Limitations of GDP per head as a development measure (5 marks)
• 5Explain the Kuznets curve (6 marks)
• 6Evaluate comparing living standards by income (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Population characteristics of developing economies (4 marks)
• 2Optimum, under- and over-population (4 marks)
• 3Reading a Lorenz curve (3 marks)
• 4Calculate a Gini coefficient (5 marks)
• 5Structural change with development (6 marks)
• 6Evaluate reliance on primary exports (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1Forms of international aid (4 marks)
• 2FDI and MNCs (3 marks)
• 3IMF vs World Bank roles (4 marks)
• 4How external debt harms development (5 marks)
• 5Effects of aid on development (6 marks)
• 6Evaluate FDI for a developing economy (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style

Worked examples (6)

• 1The meaning of globalisation (3 marks)
• 2Causes of globalisation (4 marks)
• 3Free trade area vs customs union (4 marks)
• 4Trade creation vs trade diversion (5 marks)
• 5Costs and benefits of a monetary union (6 marks)
• 6Evaluate globalisation for developing economies (8 marks)

Model answers (4)

• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 style
• ✓Model answer — 9708 Paper 4 Section A style
• ✓Model answer — 9708 Paper 4 style