Topic Videos

Economics of Internal Devaluation

Level:: A-Level

Board:: AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 21 Mar 2021

Share this content:

This revision tutorial considers the internal devaluation in the Greek economy since 2008 - relative unit labour costs have fallen sharply but at what economic, social and political cost?

Internal devaluation

Share this content:

Economics
Reference
Topic Videos
Greece
Deflation
Unit Labour Costs
Internal devaluation
Euro area

Enrichment Economics: Debt Deflation: Why Falling Prices Can Crush an Economy

28th July 2026

Macro Case Study: ECB and Eurozone stability

Topical case studies

Should Poland Join the Euro?

20th November 2025

Currency Depreciation vs. Devaluation Explained

1st March 2025

IB Economics - Consequences of Deflation

Study Notes

IB Economics - Inflation, Disinflation and Deflation

Study Notes

End of an Era - Japan Moves away from Negative Interest Rates

19th March 2024

Deflation hits the Chinese Economy

14th March 2024

Explore

More for students

Free Economics resources

Economics of Internal Devaluation

You might also like

Enrichment Economics: Debt Deflation: Why Falling Prices Can Crush an Economy

Macro Case Study: ECB and Eurozone stability

Should Poland Join the Euro?

Currency Depreciation vs. Devaluation Explained

IB Economics - Consequences of Deflation

IB Economics - Inflation, Disinflation and Deflation

End of an Era - Japan Moves away from Negative Interest Rates

Deflation hits the Chinese Economy

Explore

More for students

Subjects

Quick links

Student events & courses

Free Economics resources

Economics of Internal Devaluation

You might also like