Description
By (author) Moynihan, Dan – Titley, Brian; By (author) Moynihan Dan; By (author) Titley Brian
Short /annotation:
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.
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Support success in the latest Cambridge IGCSE and O Level syllabuses (0455/2281) with a rigorous and modular approach that builds foundations for the future. This new edition is fully aligned with the latest syllabus, and contains a comprehensive mapping grid so you can be sure of complete support. Drive assessment success with extensive practice and exam guidance embedded throughout and link theory to current economics practice with up-to-date international examples.Support students” learning with interactive tests, an Economics dictionary, exam-style practice and Student Book answers on the accompanying support site.In addition you will find complete learning and teaching support with the comprehensive Workbook, Revision Guide and Teacher Resource Pack
Table of contents:
Syllabus matching grid1 The basic economic problem1.1 The nature of the economic problem1.1.1: Finite resources and unlimited wants1.1.2: Economic and free goods1.2 Factors of production1.2.1: Definitions of the factors of production and their rewards1.2.2: Mobility of the factors of production1.2.3: Quantity and quality of the factors ofproduction1.3 Opportunity cost1.3.1: Definition of opportunity cost1.3.2: The influence of opportunity cost on decision making1.4 Production possibility curves (PPC)1.4.1: Definition of PPC1.4.2: Points under, on and beyond a PPC1.4.3: Movements along a PPC1.4.4: Shifts in a PPC2 The allocation of resources2.1 Microeconomics and macroeconomics2.1.1: Microeconomics2.1.2: Macroeconomics2.2 The role of markets in allocating resources2.2.1: The market system2.2.2: Key resources allocation decisions2.2.3: Introduction to the price mechanism2.3 Demand2.3.1: Definition of demand2.3.2: Price and demand2.3.3: Individual and market demand2.3.4: Conditions of demand2.4 Supply2.4.1: Definition of supply2.4.2: Price and supply2.4.3: Individual and market supply2.4.4: Conditions of supply2.5 Price determination2.5.1: Market equilibrium2.5.2: Market disequilibrium2.6 Price changes2.6.1: Causes of price changes2.6.2: Consequences of price changes2.7 Price elasticity of demand (PED)2.7.1: Definition of PED2.7.2: Calculation of PED2.7.3: Determinants of PED2.7.4: PED and total spending on a product/revenue2.7.5: Significance of PED2.8 Price elasticity of supply (PES)2.8.1: Definition of PES2.8.2: Calculation of PES2.8.3: Determinants of PES2.8.4: Significance of PES2.9 Market economic system2.9.1: Definition of market economic system2.9.2: Advantages and disadvantages of the market economic system2.10 Market failure2.10.1: Definition of market failure2.10.2: Causes of market failure2.10.3: Consequences of market failure2.11 Mixed economic system2.11.1: Definition of the mixed economic system2.11.2: Government intervention to address market failure3 Microeconomic decision makers3.1 Money and banking3.1.1: Money3.1.2: Banking3.2 Households3.2.1: Influences on spending, saving and borrowing3.3 Workers3.3.1: Factors affecting an individual”s choice of occupation3.3.2: Wage determination3.3.3: Reasons for differences in earnings3.3.4: Division of labour/specialization3.4 Trade unions3.4.1: Definition of a trade union3.4.2: The role of trade unions in the economy3.4.3: The advantages and disadvantages of trade union activity3.5 Firms3.5.1: Classification of firms3.5.2: Small firms3.5.3: Causes and forms of the growth offirms3.5.4: Mergers3.5.5: Economies and diseconomies of scale3.6 Firms and production3.6.1: Demand for factors of prod
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