Cambridge IGCSE® and O Level: Economics

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