Cambridge AS & A Level Economics
11.1Policies to correct disequilibrium in the balance of payments
Policies to correct disequilibrium in the balance of payments in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic22 practice questions1 lesson
Overview
The effects of policies (11.1.2) and expenditure-switching against expenditure-reducing policies (11.1.3) are taught in the lesson covered at 6.5.
Learning objectives
What the syllabus expects you to be able to do.
- 11.1.1Explain the components of the balance of payments accounts: current account, financial account and capital account.
- 11.1.2Explain the effect of fiscal, monetary, supply-side, protectionist and exchange rate policies on the balance of payments.
- 11.1.3Distinguish expenditure-switching from expenditure-reducing policies.
Lessons
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The full balance of payments: current, capital and financial accounts
50 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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