Overview

Covers the Cambridge IGCSE syllabus (0455) and the Cambridge O Level syllabus (2281), first examination from 2020. Economics relates to every aspect of our lives, from the decisions we make as individuals to the structures created by governments and firms. Thinking like an economist can help us all make better choices. With exam-style questions and specific skills practice, this revision guide helps students build their knowledge and understanding of economic theory, giving them confidence to achieve their potential in examinations. Answers are at the back of the book so that students are free to self-study.

Full Product Details

Author:   Colin Bamford
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Dimensions:   Width: 21.90cm , Height: 1.10cm , Length: 27.60cm
Weight:   0.560kg
ISBN:  

9781108440417

ISBN 10:   110844041
Pages:   242
Publication Date:   20 September 2018
Audience:   Primary & secondary/elementary & high school ,  Secondary
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Introduction; Section 1. The basic economic problem; 1. The nature of the economic problem; 2. Factors of production; 3. Opportunity cost; 4. Production possibility curves; Exam-style structured questions for Section 1; Section 2. The allocation of resources; 5. Microeconomics and macroeconomics; 6. The role of markets in allocating resources; 7. Demand; 8. Supply; 9. Price determination; 10. Causes of price changes; 11. Price elasticity of demand; 12. Price elasticity of supply; 13. Market economic system; 14. Market failure; 15. Mixed economic system; Exam-style structured questions for Section 2; Section 3. Microeconomic decision makers; 16. Money and banking; 17. Households; 18. Workers; 19. Trade unions; 20. Firms; 21. Firms and production; 22. Firms' costs, revenue and objectives; 23. Market structure; Exam-style structured questions for Section 3; Section 4. Government and the macroeconomy; 24. The role of government; 25. The macroeconomic aims of government; 26. Fiscal policy; 27. Monetary policy; 28. Supply-side policy; 29. Economic growth; 30. Employment and unemployment; 31. Inflation and deflation; Exam-style structured questions for Section 4; Section 5. Economic development; 32. Living standards; 33. Poverty; 34. Population; 35. Differences in economic development between countries; Exam-style structured questions for Section 5; Section 6. International trade and globalisation; 36. International specialisation; 37. Free trade and protection; 38. Foreign exchange rates; 39. Current account of balance of payments; Exam-style structured questions for Section 6; Suggested Answers; Glossary.

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