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Economics 8136/2 June 2022

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The exam paper addresses macroeconomic principles, focusing on fiscal and monetary policies, trade balances, unemployment, and globalisation. Key topics include the impacts of taxation, budget deficits, interest rates, and government intervention in healthcare. Quantitative tasks involve calculating GDP per capita, trade balances, and inflation rates. Real-world contexts explore foreign trade advantages, global interdependence, and market failures caused by underprovision of healthcare. Issues of income inequality and wage differentials are analyzed alongside ethical concerns related to multinational corporations in less economically developed countries. The paper emphasizes critical evaluation of globalisation′s effects and sustainable economic growth.
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