Issachui AcademyMATHEMATICS & ECONOMICS
IAL ECONOMICS STUDY GUIDE Unit 4 · Developments in the Global Economy

17 CHAPTERS · UNIT 4

Developments in the Global Economy

Study notes for understanding the course and revising its essential ideas. Each topic begins with core knowledge, develops the explanation and ends with evaluation guidance and a compact recap.

First learning: start with Must know and definitions. Follow each explanation from cause to consequence, then use the diagram and Develop the judgement to test the conditions behind the result.

Revision: use Rapid recap to reconstruct each argument. Return to Explain and apply if a link is unclear. Use the formula, diagram and comparison indexes for precise checks; learn the reasoning rather than a fixed paragraph.

Review the confirmed corrections →

CHAPTER 1

Causes and Effects of Globalisation

CHAPTER 2

Specialisation and Comparative Advantage

CHAPTER 3

Patterns and Volume of World Trade / Terms of Trade

CHAPTER 4

Trade Liberalisation and Trading Blocs

CHAPTER 5

Restrictions on Free Trade

CHAPTER 6

Balance of Payments

CHAPTER 7

Exchange Rates

CHAPTER 8

International Competitiveness

CHAPTER 9

Poverty

CHAPTER 10

Inequality

CHAPTER 11

Public Expenditure

CHAPTER 12

Taxation

CHAPTER 13

Public Sector Borrowing and Public Sector Debt

CHAPTER 14

Macroeconomic Policies

CHAPTER 15

Measures of Economic Development

CHAPTER 16

Constraints on Growth and Development

CHAPTER 17

Measures to Promote Growth and Development

Revision and reference