2.1.4 Balance of payments - Theme 2 Edexcel A Level Economics
This free lesson introduces learners to the balance of payments, with a focus on the current account. We start with gaining a basic understanding of imports, exports, goods and services before introducing the idea of an account for the UK's international trade. We look at the difference between a surplus and a deficit and where it comes from.
We also look at recent figures of the current account deficit to put things into perspective followed by consolidation of knowledge and relevant videos on the topic.
A link to a kahoot quiz and a box plenary to finish with.
Colourful, concise and engaging slides!