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Titel
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Econ 24/25
August - October: finishing macroeconomics. Macroeconomic objectives - unemployment, low and stable inflation, equitable distribution of income, balance of trade. Practising paper 2 mainly and starting to introduce paper 3. Beginning IA2 work.
October --> ?: start global economy. Why do countries trade? Exchange rates, trade theory, advantages of trade, protectionism. Even more focus on paper 3 as we draw closer to finishing the first part of global economics.
November/December --> More work on the macro IA required - introducing new concepts that relate to the global economy, including absolute/comparative advantage, 'gains from specialization and trade'-diagram, free trade and protectionism. Awaiting the result of the US election to choose a proper RLE to explore with our new diagrams.
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