Global EconomicsGlobal EconomicsResearch for next year’s studies....

Aims of todayAims of today•To remind you of Macro Economic issues

•To raise awareness of current global macro economics

World economic growth is World economic growth is expected to slow sharply, with expected to slow sharply, with the UK among the hardest hit. the UK among the hardest hit.

Developing countries such as Developing countries such as China and India should fare China and India should fare better. better.

Highest European Highest European Unemployment Unemployment figures...figures...

UK current situationUK current situation

G8 2009 Summit – G8 2009 Summit – what is it all about?what is it all about?

Do poorer countries Do poorer countries have to change?have to change?

http://news.bbc.co.uk/1/hi/business/8154121.stm

Your task.....Your task.....

Your research taskYour research task

You need to research one of the world zones:

EuropeAsiaAfrica - PacificAmericas Middle EastSouth Asia

And produce a display of economic issues that they face during the recession.....

For exampleFor exampleCubaState cut backs

India Spice wars

where recession has affected export prices

ResearchResearch

BBC http://news.bbc.co.uk/1/hi/in_depth/

business/2007/creditcrunch/default.stm

http://news.bbc.co.uk/1/hi/world/default.stm

The Guardian http://www.guardian.co.uk/business/

globalrecession

http://www.guardian.co.uk/business/global-economy

Financial Times http://www.ft.com/world/global-economy Look at the special reports for S Africa info

Telegraph http://www.telegraph.co.uk/finance/

economics/

Quote from syllabus

An awareness of trends and developments in the global economy over the last 10 years is required.

While detailed knowledge of particular countries, other than the UK is not required, the use of case studies might help students to gain a better understanding of key issues, especially those affecting developing countries.

Summer Research

Your A2 Syllabus requires you to be aware of global economics of these ‘zones’….

EuropeAsiaAfrica - PacificAmericas Middle EastSouth Asia

Your scrap book needs to build up an awareness of the economics of these areas and how the government of each area deals with the global economics

Tomorrow

We’ll start to research UK economics