Cambridge · Form 6 · Upper 6 · Syllabus 9708
Economics
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- The macroeconomy and government macro policy GDP, GNI, NNI; nominal and real; per capita; the circular flow; aggregate demand (C + I + G + X − M) and aggregate supply (short and long run); macroeconomic equilibrium.
- International economic issues Absolute and comparative advantage; terms of trade (index of export prices ÷ index of import prices × 100); free trade and protectionism; trading blocs and economic integration (free trade areas, customs unions, common markets, monetary unions); the WTO.
