This is one of a set of Powerpoints (and accompanying Notes/Key Terms sheets) that I have created for my own teaching of the macroeconomic topics in the new (linear) AQA A-level Economics specification (7135). They follow the order of teaching recommended by the exam board and (generally) the AQA-approved textbooks (Powell & Powell, 2015).
Key terms covered in this Powerpoint: (references to the specification):
4.2.6.2 Trade
• The reasons for changes in the pattern of trade between the UK and the rest of the world.
• The nature of protectionist policies, such as: tariffs, quotas and export subsidies.
• The causes and consequences of countries adopting protectionist policies.
• The main features of a customs union.
• The main characteristics of the Single European Market (SEM).
• The consequences for the UK of its membership of the European Union (EU).
•The role of the World Trade Organisation (WTO).
• Students should be able to use a diagram to illustrate the effects of imposing a tariff on imports.
• Students should be able to discuss the arguments for and against the UK’s membership of the EU.
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