Globalisation

Worked examples (6)

• 1Distinguish GDP from GDP per capita
• 2Identify an emerging economy grouping
• 3Explain a growing economy as a market
• 4Analyse the market opportunity of a growing economy
• 5Analyse a growing economy as a production location
• 6Analyse the considerations of entering a growing economy

Model answers (6)

• ✓Model answer — WBS14 style — Define (2 marks, Knowledge 2)
• ✓Model answer — WBS14 style — Explain (4 marks: Knowledge 1, Application 2, Analysis 1)
• ✓Model answer — WBS14 style — Analyse (6 marks: Knowledge 2, Application 2, Analysis 2)
• ✓Model answer — WBS14 style — Discuss (8 marks, 3-Level grid; Level 3 = 6–8)
• ✓Model answer — WBS14 style — Assess (10 marks, 4-Level grid; Level 4 = 8–10)
• ✓Model answer — WBS14 style — Evaluate (20 marks, 4-Level grid; Level 4 = 16–20)

Worked examples (6)

• 1Calculate and interpret the balance of trade
• 2Distinguish imports from exports
• 3Explain economies of scale from exporting
• 4Analyse how exporting drives growth
• 5Analyse trade and competitiveness
• 6Analyse risk-spreading through trade

Model answers (6)

• ✓Model answer — WBS14 style — Define (2 marks, Knowledge 2)
• ✓Model answer — WBS14 style — Explain (4 marks: Knowledge 1, Application 2, Analysis 1)
• ✓Model answer — WBS14 style — Analyse (6 marks: Knowledge 2, Application 2, Analysis 2)
• ✓Model answer — WBS14 style — Discuss (8 marks, 3-Level grid; Level 3 = 6–8)
• ✓Model answer — WBS14 style — Assess (10 marks, 4-Level grid; Level 4 = 8–10)
• ✓Model answer — WBS14 style — Evaluate (20 marks, 4-Level grid; Level 4 = 16–20)

Worked examples (6)

• 1Define globalisation
• 2Explain technology as a driver
• 3Explain containerisation
• 4Analyse two drivers of globalisation
• 5Analyse trade liberalisation and blocs
• 6Analyse MNCs and FDI

Model answers (6)

• ✓Model answer — WBS14 style — Define (2 marks, Knowledge 2)
• ✓Model answer — WBS14 style — Explain (4 marks: Knowledge 1, Application 2, Analysis 1)
• ✓Model answer — WBS14 style — Analyse (6 marks: Knowledge 2, Application 2, Analysis 2)
• ✓Model answer — WBS14 style — Discuss (8 marks, 3-Level grid; Level 3 = 6–8)
• ✓Model answer — WBS14 style — Assess (10 marks, 4-Level grid; Level 4 = 8–10)
• ✓Model answer — WBS14 style — Evaluate (20 marks, 4-Level grid; Level 4 = 16–20)

Worked examples (6)

• 1Distinguish the types of trading bloc
• 2Explain tariff-free market access
• 3Explain FDI attracted by a bloc
• 4Analyse the benefits for a member firm
• 5Analyse the drawbacks for a member firm
• 6Analyse the impact on a firm outside the bloc

Model answers (6)

• ✓Model answer — WBS14 style — Define (2 marks, Knowledge 2)
• ✓Model answer — WBS14 style — Explain (4 marks: Knowledge 1, Application 2, Analysis 1)
• ✓Model answer — WBS14 style — Analyse (6 marks: Knowledge 2, Application 2, Analysis 2)
• ✓Model answer — WBS14 style — Discuss (8 marks, 3-Level grid; Level 3 = 6–8)
• ✓Model answer — WBS14 style — Assess (10 marks, 4-Level grid; Level 4 = 8–10)
• ✓Model answer — WBS14 style — Evaluate (20 marks, 4-Level grid; Level 4 = 16–20)

Worked examples (6)

• 1Explain how a tariff affects imports
• 2Distinguish a quota from a tariff
• 3Explain a reason for protectionism
• 4Analyse the impact of tariffs on an importer
• 5Analyse the impact of protectionism on an exporter
• 6Analyse the benefits to a protected domestic firm

Model answers (6)

• ✓Model answer — WBS14 style — Define (2 marks, Knowledge 2)
• ✓Model answer — WBS14 style — Explain (4 marks: Knowledge 1, Application 2, Analysis 1)
• ✓Model answer — WBS14 style — Analyse (6 marks: Knowledge 2, Application 2, Analysis 2)
• ✓Model answer — WBS14 style — Discuss (8 marks, 3-Level grid; Level 3 = 6–8)
• ✓Model answer — WBS14 style — Assess (10 marks, 4-Level grid; Level 4 = 8–10)
• ✓Model answer — WBS14 style — Evaluate (20 marks, 4-Level grid; Level 4 = 16–20)