Exam board: Cambridge Assessment International Education Level: IGCSE Subject: Economics First teaching: September 2018 First exams: Summer 2020 This title is endorsed by Cambridge Assessment International Education to support the full syllabus for examination from 2020. Discover Economics as a real-world subject through case studies from around the world and provide in-depth coverage of the latest Cambridge IGCSE and O Level Economics syllabuses (0455/2281). - Trust an experienced author team to navigate the syllabuses confidently with clearly-defined learning objectives throughout. - Deepen understanding by applying knowledge to real-life global case studies. - Extend learning beyond the classroom by reflecting on skills learned and applying them to local and global environments. - Check understanding with engaging activities that thoroughly integrate deep learning skills. - Benefit from language support with an accessible text and definitions of technical terms throughout. - Consolidate learning with chapter reviews and examination-style questions, as well as useful links to extra activities and answers to the questions which are available in the Online Teacher's Guide. Available in this series: Student Textbook Second edition (ISBN 9781510421271) Student eTextbook (ISBN 9781510420212) Whiteboard eTextbook (ISBN 9781510420229) Workbook (ISBN 9781510421288) Online Teacher's Guide (ISBN 9781510424135) Study and Revision Guide (ISBN 9781510421295)
Author(s): Paul Hoang; Margaret Ducie
Publisher: Hachette UK
Year: 2018
Language: English
Pages: 304
Contents
Introduction
How to use this book
Exam preparation and technique
1 The basic economic problem
1 The nature of the economic problem
2 The factors of production
3 Opportunity cost
4 Production possibility curve
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 Price changes
11 Price elasticity of demand
12 Price elasticity of supply
13 Market economic system
14 Market failure
15 Mixed economic system
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
4 Government and the macro economy
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
5 Economic development
32 Living standards
33 Poverty
34 Population
35 Differences in economic development between countries
6 International trade and globalisation
36 International specialisation
37 Globalisation, free trade and protection
38 Foreign exchange rates
39 Current account of balance of payments
Additional exam-style questions
Glossary
Acknowledgements
Index
