Exam Success in Economics for Cambridge IGCSE & O Level
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Description
Contents
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Language
English
ISBN
9781382030021
Contents
1 The basic economic problem: economic goods, choice and the allocation of resources
1.1 The nature of the economic problem
1.2 The factors of production
1.3 Opportunity cost
1.4 Production possibility curves
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2 The allocation of resources
2.1 Microeconomics and macroeconomics
2.2 The role of markets in allocating resources
2.3 Demand
2.4 Supply
2.5 Price determination
2.6 Price changes
2.7 Price elasticity of demand
2.8 Price elasticity of supply
2.9 Market economic systems
2.10 Market failure
2.11 Mixed economic systems
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3 Microeconomic decision makers
3.1 Money and banking
3.2 Households
3.3 Workers
3.4 Trade unions
3.5 Firms
3.6 Firms and production
3.7 Firms’ costs, revenue and objectives
3.8 Market structure
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4 Government and the macroeconomy
4.1 The role of government
4.2 The macroeconomic aims of government
4.3 Fiscal policy
4.4 Monetary policy
4.5 Supply-side policy
4.6 Economic growth
4.7 Employment and unemployment
4.8 Inflation and deflation
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5 Economic development
5.1 Living standards
5.2 Poverty
5.3 Population
5.4 Differences in economic development between countries
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6 International trade and globalisation
6.1 National specialisation
6.2 Globalisation, free trade and protection
6.3 Foreign exchange rates
6.4 Current account of balance of payments
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Glossary
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