Complete Economics for Cambridge IGCSE® and O Level
$39.99

Complete Economics for Cambridge IGCSE® and O Level

By Dan Moynihan, Brian Titley
US$ 39.99
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Book Description

Completely supporting the latest Cambridge IGCSE and O Level syllabuses, Complete Economics helps build foundations for the future with a rigorous, modular approach. Drive assessment success with extensive exam guidance embedded throughout.

Table of Contents
  • Front Cover
  • Title Page
  • Introduction
  • Contents
  • Matching chart
  • 1 The basic economicproblem
    • 1.1 The nature of the economic problem
      • 1.1.1 Finite resources and unlimited wants
      • 1.1.2 Economic and free goods
    • 1.2 The factors of production
      • 1.2.1 Definitions of the factors of production and their rewards
      • 1.2.2 Mobility of the factors of production
      • 1.2.3 Quantity and quality of the factors of production
    • 1.3 Opportunity cost
      • 1.3.1 Definition of opportunity cost
      • 1.3.2 The influence of opportunity cost on decision making
    • 1.4 Production possibility curves (PPC)
      • 1.4.1 Definition of a PPC
      • 1.4.2 Points under, on and beyond a PPC
      • 1.4.3 Movements along a PPC
      • 1.4.4 Shifts in a PPC
    • Assessment exercises
      • Multiple choice
      • Structured questions
  • 2 The allocation of resources
    • 2.1 Microeconomics and macroeconomics
      • 2.1.1 Microeconomics
      • 2.1.2 Macroeconomics
    • 2.2 The role of markets in allocating resources
      • 2.2.1 Resource allocation decisions
      • 2.2.2 The market system
      • 2.2.3 Introduction to the price mechanism
    • 2.3 Demand
      • 2.3.1 Definition of demand
      • 2.3.2 Price and demand
      • 2.3.3 Individual and market demand
      • 2.3.4 Conditions of demand
    • 2.4 Supply
      • 2.4.1 Definition of supply
      • 2.4.2 Price and supply
      • 2.4.3 Individual and market supply
      • 2.4.4 Conditions of supply
    • 2.5 Price determination
      • 2.5.1 Market equilibrium
      • 2.5.2 Market disequilibrium
    • 2.6 Price changes
      • 2.6.1 Causes of price changes
      • 2.6.2 Consequences of price changes
    • 2.7 Price elasticity of demand (PED)
      • 2.7.1 Definition of PED
      • 2.7.2 Calculation of PED
      • 2.7.3 Determinants of PED
      • 2.7.4 PED and total spending on a product/revenue
      • 2.7.5 Significance of PED
    • 2.8 Price elasticity of supply (PES)
      • 2.8.1 Definition of PES
      • 2.8.2 Calculation of PES
      • 2.8.3 Determinants of PES
      • 2.8.4 Significance of PES
    • 2.9 Market economic system
      • 2.9.1 Definition of market economic system
      • 2.9.2 Advantages and disadvantages of the market economic system
    • 2.10 Market failure
      • 2.10.1 Definition of market failure
      • 2.10.2 Causes of market failure
      • 2.10.3 Consequences of market failure
    • 2.11 Mixed economic system
      • 2.11.1 Definition of the mixed economic system
      • 2.11.2 Government intervention to address market failure
    • Assessment exercises
      • Multiple choice
      • Structured questions
  • 3 Microeconomic decision makers
    • 3.1 Money and banking
      • 3.1.1 Money
      • 3.1.2 Banking
    • 3.2 Households
      • 3.2.1 The influences on spending, saving and borrowing
    • 3.3 Workers
      • 3.3.1 Factors affecting an individual’s choice of occupation
      • 3.3.2 Wage determination
      • 3.3.3 Reasons for differences in earnings
      • 3.3.4 Division of labour/specialization
    • 3.4 Trade unions
      • 3.4.1 Definition of a trade union
      • 3.4.2 The role of trade unions in the economy
      • 3.4.3 The advantages and disadvantages of trade union activity
    • 3.5 Firms
      • 3.5.1 Classification of firms
      • 3.5.2 Small firms
      • 3.5.3 Causes and forms of the growth of firms
      • 3.5.4 Mergers
      • 3.5.5 Economies and diseconomies of scale
    • 3.6 Firms and production
      • 3.6.1 Production and productivity
      • 3.6.2 Labour-intensive and capital-intensive production
      • 3.6.3 Demand for factors of production
    • 3.7 Firms’ costs, revenues and objectives
      • 3.7.1 Definition of costs of production
      • 3.7.2 Calculation of costs of production
      • 3.7.3 Definition of revenue
      • 3.7.4 Calculation of revenue
      • 3.7.5 Objectives of firms
    • 3.8 Market structure
      • 3.8.1 Competitive markets
      • 3.8.2 Monopoly markets
    • Assessment exercises
      • Multiple choice
      • Structured questions
  • 4 Government and the macroeconomy
    • 4.1 The role of government
      • 4.1.1 The role of government
    • 4.2 The macroeconomic aims of government
      • 4.2.1 The macroeconomic aims of government
      • 4.2.2 Possible conflicts between macroeconomic aims
      • 4.4 Monetary policy
      • 4.5 Supply-side policy
    • 4.3 Fiscal policy
      • 4.3.1 Definition of the budget
      • 4.3.2 Reasons for government spending
      • 4.3.3 Reasons for taxation
      • 4.3.4 Principles of taxation
      • 4.3.5 Classification of taxes
      • 4.3.6 Impact of taxation
      • 4.3.7 Definition of fiscal policy
      • 4.3.8 Fiscal policy measures
      • 4.3.9 Effects of fiscal policy on government macroeconomic aims
    • 4.4 Monetary policy
      • 4.4.1 Definition of money supply and monetary policy
      • 4.4.2 Monetary policy measures
      • 4.4.3 Effects of monetary policy on government macroeconomic aims
    • 4.5 Supply-side policy
      • 4.5.1 Definition of supply-side policy
      • 4.5.2 Supply-side policy measures
      • 4.5.3 Effects of supply-side policy measures on government macroeconomic aims
    • 4.6 Economic growth
      • 4.6.1 Measurement of economic growth
      • 4.6.2 Definition of economic growth
      • 4.6.3 Causes of economic growth
      • 4.6.4 Causes and consequences of recession
      • 4.6.5 Consequences of economic growth
      • 4.6.6 Policies to promote economic growth
    • 4.7 Employment and unemployment
      • 4.7.1 Definition of employment, unemployment and full employment
      • 4.7.2 Changing patterns and level of employment
      • 4.7.3 Measurement of unemployment
      • 4.7.4 Causes/types of unemployment
      • 4.7.5 Consequences of unemployment
      • 4.7.6 Policies to reduce unemployment
    • 4.8 Inflation and deflation
      • 4.8.1 Definition of inflation and deflation
      • 4.8.2 Measurement of inflation and deflation
      • 4.8.3 Causes of inflation and deflation
      • 4.8.4 Consequences of inflation and deflation
      • 4.8.5 Policies to control inflation and deflation
    • Assessment exercises
      • Multiple choice
      • Structured questions
  • 5 Economic development
    • 5.1 Differences in economic development between countries
      • 5.1.1 Differences in economic development between countries
    • 5.2 Living standards
      • 5.2.1 Indicators of living standards
      • 5.2.2 Comparing living standards and income distribution
    • 5.3 Poverty
      • 5.3.1 Definition of absolute and relative poverty
      • 5.3.2 The causes of poverty
      • 5.3.3 Policies to alleviate poverty and redistribute income
    • 5.4 Population
      • 5.4.1 The factors that affect population growth
      • 5.4.2 Reasons for different rates of population growth in different countries
      • 5.4.3 The effects of changes in the size and structure of population on different countries
    • Assessment exercises
      • Multiple choice
      • Structured questions
  • 6 International trade and specialization
    • 6.1 International specialization
      • 6.1.1 Definition of globalization
      • 6.1.2 Specialization at a national level
      • 6.1.3 Advantages and disadvantages of specialization at a national level
    • 6.2 Globalization, free trade and protection
      • 6.2.1 Role of multinational companies (MNCs)
      • 6.2.2 The benefits of free trade
      • 6.2.3 Methods of protection
      • 6.2.4 Reasons for protection
      • 6.2.5 Consequences of protection
    • 6.3 Foreign exchange rates
      • 6.3.1 Definition of foreign exchange rate
      • 6.3.2 Determination of foreign exchange rate in foreign exchange market
      • 6.3.3 Causes of foreign exchange rate fluctuations
      • 6.3.4 Consequences of foreign exchange rate fluctuations
      • 6.3.5 Floating and fixed foreign exchange rates
    • 6.4 Current account of balance of payments
      • 6.4.1 Structure
      • 6.4.2 Causes of current account deficit and surplus
      • 6.4.3 Consequences of current account deficit and surplus
      • 6.4.4 Policies to achieve balance of payments stability
    • Assessment exercises
      • Multiple choice
      • Structured questions
  • Index
  • Back Cover
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