My sweet grid by https://padlet.com/frankadomm/v2y9mninrne2 Made with the help of a typing monkey en-us 2018-02-28 12:25:17 UTC 2018-03-05 15:44:58 UTC hello@padlet.com Globalisation is good for the UK because it involves increased mobility of people, information and goods and services. https://padlet.com/frankadomm/v2y9mninrne2/wish/236408201 2018-02-28 14:33:31 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236408201 Why globalisation is beneficial and also disadvantageous for the UK https://padlet.com/frankadomm/v2y9mninrne2/wish/236408611 Globalisation is beneficial for the UK because it involves an increase of integration and interdependence of the global economy which ultimately results in a rise of trade.

Globalisation can also be disadvantageous to the UK as the UK will be more reliant on other countries around the globe in regard to obtaining goods and services. It essentially encourages dependance on other countries which can result in the UK being less independent. 

]]> 2018-02-28 14:33:44 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236408611 https://padlet.com/frankadomm/v2y9mninrne2/wish/236408795 2018-02-28 14:34:00 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236408795 what are we doing? https://padlet.com/frankadomm/v2y9mninrne2/wish/236408910 2018-02-28 14:34:10 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236408910 Globalization https://padlet.com/frankadomm/v2y9mninrne2/wish/236409519 Globalization offers the potential to expand an international economy, however it can also bring a lot of rules and commands that can take away a countries independence 


]]> 2018-02-28 14:35:04 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236409519 Why globalisation is good for the UK https://padlet.com/frankadomm/v2y9mninrne2/wish/236409681 Globalisation helps countries obtain things that they might not be able to if they were self sufficient]]> 2018-02-28 14:35:17 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236409681 This grid is so sweet https://padlet.com/frankadomm/v2y9mninrne2/wish/236412159 2018-02-28 14:38:41 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236412159 Disadvantages of globalisation https://padlet.com/frankadomm/v2y9mninrne2/wish/236416687 Globalisation can have a negative affect on a country as it can result in a loss of labour force through migration, other countries can produce goods for cheaper resulting in industries shutting down e.g. coal and steel in UK, ]]> 2018-02-28 14:44:44 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236416687 https://padlet.com/frankadomm/v2y9mninrne2/wish/236417206 Globalization allows countries to communicate more efficiently and opens up a wider market for the potential to trade more goods and services. For example, a company that requires steel can purchase cheap steel without having to make it itself. This allows companies to focus on what they need to do without having to self provide. Consumers massively benefit from globalization as goods and services become cheaper, and also goods and services can be received more quickly. However, globalization can in some cases lead to unemployment due to the fact that in industrialised countries, firms move their factories to places where they can source cheap labour. It can also have a negative effect on environmental factors due to countries moving factories to countries with less strict environmental laws. There is potential for financial losses. For example in the 70's and 80's, countries such as Mexico and Thailand got a lot of money from investors as they hoped they would set up new businesses there. When this didn't happen, investors pulled out and the companies had to close due to the loss of capital and resources. Poorer countries such as India and some parts of Africa may not have the capital required to keep up with the rest of the world, thus expanding the inequality gap. Developed countries can expand more easily and uneducated countries find it hard to follow the same oath as other countries, they couldn't keep up even if they knew how! Globalization can be beneficial if it is profitable for all countries, but as it stands, not all countries are benefitting .

]]> 2018-02-28 14:45:23 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236417206 The disadvantages of globalisation are there are still trade barriers such as VAT and tariffs. https://padlet.com/frankadomm/v2y9mninrne2/wish/236418817 2018-02-28 14:47:31 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236418817 What is consumer price index? https://padlet.com/frankadomm/v2y9mninrne2/wish/236436113 Consumer price index (CPI) measures changes in the price level of market based consumer goods and services purchased by households. 

Consumer price index is essentially a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. ]]> 2018-02-28 15:09:56 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236436113 CPI is the measure of inflation ofthe weighted average of prices of a basket of consumer goods and services, such as transport and food. CPI is calculated by the percentage increase in the cost of goods and services. https://padlet.com/frankadomm/v2y9mninrne2/wish/236436447 2018-02-28 15:10:24 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236436447 Consumer price index https://padlet.com/frankadomm/v2y9mninrne2/wish/236436848 The cpi is where variety of goods has it's price measured year to year and the % increase is noted]]> 2018-02-28 15:11:00 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236436848 CPI https://padlet.com/frankadomm/v2y9mninrne2/wish/236437713 The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is one of the most commonly used statistics when analysing inflation. It is calculated by averaging the price change of predetermined goods in the "basket of goods. CPI is used when evaluating the cost of living.


]]> 2018-02-28 15:12:12 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236437713 Asymmetric information is where one party (usually the borrower) has more information than another party (usually the lender) in a financial transaction. https://padlet.com/frankadomm/v2y9mninrne2/wish/236928628 2018-03-01 14:44:40 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236928628 Asymmetric Information https://padlet.com/frankadomm/v2y9mninrne2/wish/236929030 Is where one party in a transaction has more knowledge than the other party, This could happen in the financial industry when investing in a business. The owners of this business will have a lot more knowledge of their business than an investor. This could lead to the investor making an investment without fully knowing what he or she was investing in. This can lead to market failure.

]]> 2018-03-01 14:45:11 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236929030 https://padlet.com/frankadomm/v2y9mninrne2/wish/236929419 Asymmetric information is where one party has more information than the other party. ]]> 2018-03-01 14:45:40 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236929419 Asymmetric Lads https://padlet.com/frankadomm/v2y9mninrne2/wish/236929479 Asymmetric information is the possession of information by one party in a financial transaction that is not available to the other party

]]> 2018-03-01 14:45:45 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236929479 Economies of Scale https://padlet.com/frankadomm/v2y9mninrne2/wish/236939341

Economies of scale is when a company benefits from growing and being a larger business and therefore becoming more efficient. Because as they grow they have more buying power but do not need to rebuy their fixed costs. Banks can do this through mergers and takeovers. Or buy pooling there resources together to make larger investments which benefit from economies of scale
]]> 2018-03-01 14:57:40 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236939341 Economies of scale is https://padlet.com/frankadomm/v2y9mninrne2/wish/236939353 2018-03-01 14:57:40 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236939353 ECONOMIES OF SCALE https://padlet.com/frankadomm/v2y9mninrne2/wish/236939557 A proportionate saving in costs gained by an increased level of production. internal economies of scale is when a company decreases cost and increases production. External is when in an industry production can increase outside of one firm. For example costs can be decreased when a new transport system is put up, benefitting many firms within the industry.]]> 2018-03-01 14:57:54 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236939557 https://padlet.com/frankadomm/v2y9mninrne2/wish/236939720 Economies of scale arises as a result of an increase in assets, which for example may be used to improve effieciency/productivity or the buying power of a company or individual leading to cost savings]]> 2018-03-01 14:58:03 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236939720 Economies of scale is where buying a higher quantity of goods results in each individual unit costing less than buying in smaller quantities. https://padlet.com/frankadomm/v2y9mninrne2/wish/236940458 2018-03-01 14:58:57 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236940458 https://padlet.com/frankadomm/v2y9mninrne2/wish/236948474 Spreading of portfolio is to diversify funds in a mix of asset classes as a means of minimising risk. For example an individual may have a portfolio which is diversified 25% in high risk high return assets while the remaining funds are invested in low risk/stable asset classes. The ratio is dependent on how risk averse the individual is and their objectives of the portfolio. ]]> 2018-03-01 15:09:01 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236948474 Spreading of portfolio is where an investor splits their capital across the main asset classes- cash, fixed-income, property and equity to reduce their investment risk. If one asset class has low profits, the other asset classes should achieve high profits. https://padlet.com/frankadomm/v2y9mninrne2/wish/236948631 2018-03-01 15:09:13 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236948631 Spreading of Portfolio is when an investor will invest in many different investments to spread his or her capital and reduce risk. This reduces risk because if one of the investors investments fails he or she has other capital in other places and would not have lost all their capital to one investment. https://padlet.com/frankadomm/v2y9mninrne2/wish/236949513 2018-03-01 15:10:10 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236949513 SPREADING PORTFOLIO https://padlet.com/frankadomm/v2y9mninrne2/wish/236949817 Spreading a portfolio, or diversifying investment is when you invest in lots of different assets that have very small or no relation, also said to have no correlation. This could involve investing in different sectors, or different assets. It is advantages as it reduces overall risk. If one sector were to see a large negative fluctuation in value, you know that you will only lose a small amount only value due to having value saved in other sectors that haven't seen a drop in value  ]]> 2018-03-01 15:10:34 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236949817 My Portfolio https://padlet.com/frankadomm/v2y9mninrne2/wish/236964879 I would Invest £9600 all in Shipping Containers I could buy 3 containers and make %12 of my investment on each container which would be £1146 each year. ]]> 2018-03-01 15:30:21 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236964879 https://padlet.com/frankadomm/v2y9mninrne2/wish/236965465 10% Amazon,
10%facebook
10% Twitter 
30% cryptocurrency fund
15% government bond India/China 
15% HSBC or Barclays
10% unit trust 


]]> 2018-03-01 15:31:07 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236965465 https://padlet.com/frankadomm/v2y9mninrne2/wish/236965678 I would put £5000 into a TSB current plus account with 3% interest. This is low risk and low reward but it will see a steady return on the investment. ]]> 2018-03-01 15:31:27 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/236965678 The benefit of intermediaries for lenders is they get a higher interest rate compared to lending directly. The benefit of intermediaries for borrowers is they pay a lower rate of interest compared to borrowing directly. https://padlet.com/frankadomm/v2y9mninrne2/wish/238101766 2018-03-05 14:42:52 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238101766 https://padlet.com/frankadomm/v2y9mninrne2/wish/238103385 Financial intermediaries are important as they make use of economies of scale. Rather than there being a direct lending between a saver and a borrower which can be inefficient because if the lender defaults the saver loses their funds or if the saver wants to withdraw their funds there is no longer necessary funds to back the amount given the lender. Therefore financial intermediaries group together savers and lenders to avoid this problem of liquidity.]]> 2018-03-05 14:45:04 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238103385 https://padlet.com/frankadomm/v2y9mninrne2/wish/238107202 Financial intermediaries are simply any institutions or financial services that transfers money between people who save and people who borrow.  ]]> 2018-03-05 14:49:51 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238107202 https://padlet.com/frankadomm/v2y9mninrne2/wish/238118787 A derivative market is the market where derivatives are traded.Derivatives are contract’s between two assets where the change in the price of the underlying asset affects the price of the other asset. Derivatives can include: futures, swaps and options]]> 2018-03-05 15:05:23 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238118787 DERIVATIVE MARKET https://padlet.com/frankadomm/v2y9mninrne2/wish/238119051 A derivative is a contract between two or more parties. The contract is based upon an underlying asset, or assets. The most commonly used underlying assets are bonds, stocks, commodities, market indexes and currencies. The most common derivative markets are Futures market, Options market and CFD markets, also known as Contract For Difference. Derivatives can be traded either OTC (over the counter) or an exchange. Derivatives traded OTC constitute the greatest proportion of those traded, and they are unregulated. Whereas those traded on an exchange are standardized. OTC derivatives are often said to carry more risk for the counterparty than standardized derivatives. Derivatives were originally traded as a means to balance exchange rates for internationally traded goods. This was due to the fact that international traders needed a systematic means of accounting for the differences. When trading derivatives it is important to understand the risks. These include: the counterparty, underlying asset price and expiration. ]]> 2018-03-05 15:05:46 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238119051 https://padlet.com/frankadomm/v2y9mninrne2/wish/238119600 A derivative market consists of only trade-able products such us personal stocks, currency etc. the main derivative markets that day traders tend to use are Future Markets, Options Markets, and Contract for Difference Markets (CFD). ]]> 2018-03-05 15:06:36 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238119600 The derivative markets are markets where derivatives are traded and exchanged. Derivatives are one type of securities whose value is derived from the underlying assets. https://padlet.com/frankadomm/v2y9mninrne2/wish/238119994 2018-03-05 15:07:08 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238119994 COMPARATIVE ADVANTAGE https://padlet.com/frankadomm/v2y9mninrne2/wish/238129301 A comparative advantage is the ability for an individual, or group, to go about a particular economic activity more efficiently than another individual. For example, perhaps one individual can produce a specific product more efficiently than another individual. This is a comparative advantage whereby a product is made more efficiently by one party. The way in which it is more efficient can be due to lower opportunity costs, lower overall cost and the speed in which the product is produced compared to the quality of the product or service. There is a comparative advantage within the EU trading bloc as there is free movement of goods and services.]]> 2018-03-05 15:20:02 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238129301 https://padlet.com/frankadomm/v2y9mninrne2/wish/238131116 Comparative advantage is when one country is able to produce a good or service at a lower opportunity cost than another country. In relation to banking,]]> 2018-03-05 15:22:30 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238131116 Comparative advantage refers to the ability of any given economic actor to produce goods and services at a lower opportunity cost than other actors. https://padlet.com/frankadomm/v2y9mninrne2/wish/238132759 2018-03-05 15:24:48 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238132759 https://padlet.com/frankadomm/v2y9mninrne2/wish/238133280 As the 3 financial services in Iceland contains 10% of the nations income, it will be a huge downfall if the currency depreciates. The depreciation of the currency simply is caused due to recession. Bank Failure...]]> 2018-03-05 15:25:34 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238133280 https://padlet.com/frankadomm/v2y9mninrne2/wish/238138943 The impact of a depreciation of a country’s currency has a big impact on the country’s exchange rate leading to imports becoming more expensive, prices in the country rises causing inflation. This may impact foreign direct investment which may cause unemployment and a fall in real wages. Furthermore in the case of iceland which had 3 main banks who had 10% of the populations...]]> 2018-03-05 15:33:15 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238138943 The effects of Iceland's depreciation has caused a recession, prices rise causing increased levels of inflation https://padlet.com/frankadomm/v2y9mninrne2/wish/238139245 2018-03-05 15:33:41 UTC https://padlet.com/frankadomm/v2y9mninrne2/wish/238139245