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Balance of Payments: A-Level Edexcel Economics Full Teaching Pack

This full length teaching pack is designed to support A-Level Economics students in mastering the Balance of Payments section of the syllabus. It includes 30 full-length exercises covering a wide range of topics, ensuring that all aspects of the balance of payments are addressed in-depth. Can be used in class, set for homework tasks or for self revision.

The pack provides students with a structured approach to understanding key concepts such as the current account, capital account, financial account, currency fluctuations, and policy implications. Each exercise is aligned exactly to the A-Level Edexcel Economics specification, helping students to build essential skills in calculation, application, and analysis. No specification point is missed.

Includes:
30 Full-Length Exercises: These exercises include a variety of question formats such as multiple-choice, short-answer, scenario-based analysis, case studies, essays and calculation tasks.
Topics covered include:
Structure and components of the balance of payments
The current account and its components (trade balance, income flows, and current transfers)
The capital and financial accounts
The effects of currency fluctuations on the balance of payments
Understanding surpluses and deficits
Policies to address current account imbalances (e.g., expenditure-reducing, expenditure-switching, and supply-side policies)
Real-world application of balance of payments concepts, with practical case studies
Full Solutions: Detailed solutions are provided for each exercise, enabling students to check their understanding and learn step-by-step approaches to tackling problems.
Real-World Case Studies: The pack includes case studies of different economies to help students understand the application of balance of payments theory in real-world scenarios, from trade imbalances to financial flows.
Interactive Learning: Designed for both classroom and independent study, the pack promotes active learning with its mix of theoretical questions and practical problem-solving.

Learning Objectives:
You will:
Gain a strong understanding of the balance of payments and its components.
Be able to calculate and interpret data related to trade, income flows, and financial transactions.
Understand how policies can influence a country’s balance of payments and current account balance.