3. Student revision workbook for GCSE Economics using Ebbinghaus - global economics

This is a revision booklet for students of GCSE Economics.

It has been designed specifically for OCR GCSE Unit 3 - The UK economy and globalisation. However, it would be suitable for any GCSE course.

It has revision activities based on the Ebbinghaus forgetting curve as well as exam questions at the end of each section.

Topics covered:
1. Why do countries trade?
a) Globalisation
b) Multinationals
c) International specialisation and trade
d) The World Trade Organisation
e) Patterns of trade
f) Protectionism
g) China and India

2. The UK and the European Union

3. How is the UK's international trade recorded?
a) Balance of payments
a) Balance of payments deficit

4. How important is the value of a currency?
a) Exchange rates
b) Exchange rates, the rate of interest and trade

5. How does a country become more competitive?
a) Factors influencing competitiveness
b) Government policy and international competitiveness
c) The UK and globalisation

6. Why do some less developed countries struggle to achieve growth and benefit from international trade?
a) Poverty
b) Limits to benefiting from globalisation

7. What measures can be used to support growth in less developed countries?