Download 4.1.1 Globalisation student version

4.1.1 Globalisation
 4.1.2 Specialisation and trade
 4.1.3 Pattern of trade
 4.1.4 Terms of trade
 4.1.5 Trading blocs and the WTO
 4.1.6 Restrictions on free trade
 4.1.7 Balance of payments
 4.1.8 Exchange rates
 4.1.9 International competitiveness

Students should be able to:
 Explain the characteristics of globalisation
 Analyse the factors contributing to
globalisation in the last 50 years
 Evaluate the impacts of globalisation and
global companies on individual countries,
governments, producers and consumers,
workers and the environment
•
What is GDP?
•
What was the total GDP of the world in 2000
(in $)?
•
What was the total GDP in 2006?
•
What is the predicted total GDP in 2016?
•
"The ___________ dispersion of industrial
and service activities, for example research
and ___________, sourcing of inputs,
production and distribution, and the crossborder networking of __________, for
example through joint ________ and the
sharing of _________.“
•
Assets, companies, development,
geographic, ventures
•
•
•
What are the impacts of globalisation and
global companies on individual countries,
governments, producers and consumers,
workers and the environment?
HINT – remember that “impacts” can be
positive or negative
(Write your ideas on this slide and on the
next blank slides)
‘Globalisation is solely responsible for the
trend in the share of wages as a proportion of
GDP’
To what extent do you agree with this
statement? Use the information provided and
your own knowledge in your answer. (15
marks)
Knowledge 3, Application 3, Analysis 3,
Evaluation 6
Level
Mark Descriptor
0
A completely inaccurate response.
Level
1
1–3
Displays isolated or imprecise knowledge and understanding of terms,
concepts, theories and models.
Use of generic or irrelevant information or examples.
Descriptive approach which has no chains of reasoning or links between
causes and consequences.
Level
2
4–6
Displays elements of knowledge and understanding of economic
principles, concepts and theories.
Applies economic ideas and relates them to economic problems in
context, although does not focus on the broad elements of the question.
A narrow response; chains of reasoning are developed but the answer
may lack balance.
Level
3
7–9
Demonstrates accurate knowledge and understanding of the concepts,
principles and models.
Ability to link knowledge and understanding in context using relevant and
focused examples which are fully integrated.
Economic ideas are carefully selected and applied appropriately to
economic issues and problems. The answer demonstrates logical and
coherent chains of reasoning
Level
Mark Descriptor
0
Level
1
1–2
Level
2
3–4
Level
3
5–6
No evaluative comments
Identification of generic evaluative comments
without supporting evidence/reference to context.
No evidence of a logical chain of reasoning.
Evidence of evaluation of alternative approaches
which is unbalanced.
Evaluative comments with supporting
evidence/reference to context and a partiallydeveloped chain of reasoning.
Evaluative comments supported by relevant chain
of reasoning and appropriate reference to context.
Evaluation recognises different viewpoints and/or
is critical of the evidence.