This is a first list and there may be errors and
omissions but my advice to those revising for F585 is be sure to understand
Macroeconomic
performance
Trend growth and
output gaps
Causes of short and
long run economic growth - especially FDI and international trade
Multiplier and
multiplier effect
Accelerator effect
Fixed exchange rates
Floating exchange
rates
Balance of payments
problems and particularly international competitiveness
Purchasing power
parity and real effective exchange rates
Terms of trade
Foreign direct
investment and multinationals
Globalisation
Fiscal rules
Inflation targeting
Policy trade offs
Pros and cons of
monetary union
Economic development
Sustainable economic
development
Role of the
International Monetary Fund, World Bank and WTO
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