Balance of Payments (AQA), Current Account, Capital-Financial Account, Marshall-Lerner Condition

Outstanding Balance of Payments Student Booklet / Worksheets for AQA A-Level Economics. The topics covered include:

• The Current Account and the Capital / Financial Account

• Causes of Current Account Deficits (and Surpluses)

• The impact of Current Account Deficits (and Surpluses) on the Macro-economic Objectives

• The J-Curve and the Marshall-Lerner Condition

• Exchange Rate Recap

• The significance of Current Account Imbalances / Trade Surpluses (and Deficits)

• Policies to reduce a Current Account Deficit: Expenditure Switching and Expenditure Reducing Policies

This excellent booklet includes Students Tasks (with Answer Sheets for some of the exercises), Colourful Revision Notes, Key Terms Definitions List, Homework Tasks, a Model Essay Answer, and a list of relevant Video Links.

This 29-page booklet is specific to the AQA syllabus, but could be used for the other exam boards. [I have created an EDEXCEL version of this resource - search ‘Balance of Payments (EDEXCEL)’]