Tuesday, 27 May 2014

F585 Core Concepts: a checklist

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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