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Economics 4EC1/02 May June 2022

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1. Macroeconomic Indicators and Inflation: Definition and calculation of inflation, effects of inflation on cost of living, impact on savings, and government policies to manage inflation. 2. Trade and Globalization: Benefits of free trade agreements, impact of trade barriers, advantages of multinational corporations, and exchange rate fluctuations on international trade. 3. Government Policies and Economic Growth: Fiscal policy measures, taxation effects on businesses and individuals, subsidies for renewable energy, and the impact of government spending on economic recovery. 4. Employment and Unemployment: Types of unemployment, causes and effects of rising unemployment, policies to reduce unemployment, and labor market trends. 5. Market Structures and Competition: Deregulation impacts on business entry, cost-push inflation due to wage increases, and economic advantages of privatization. 6. Environmental Economics and Sustainability: Effectiveness of pollution permits, government interventions in carbon emissions, economic consequences of climate policies, and incentives for clean energy adoption.
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