Government macroeconomic policy objectives

Links between macroeconomic problems and their interrelatedness

Effectiveness of policy options to meet all macroeconomic objectives

International economic issues (A Level)

Policies to correct disequilibrium in the balance of payments

Exchange rates

Economic development

Characteristics of countries at different levels of development

Relationship between countries at different levels of development

Globalisation

Asymmetric information and moral hazard - Explaining asymmetric information and moral hazard as potential causes of market failure.

Use of costs and benefits in analysing decisions (knowledge of net present value is not required) - Analyzing decisions based on costs and benefits.