Cambridge IGCSE Economics

1. The basic economic problem
- 1.1 The nature of the economic problem
- 1.2 The factors of production
- 1.3 Opportunity cost
- 1.4 Production possibility curve (PPC) diagrams
2. The allocation of resources
- 2.1 Microeconomics and macroeconomics
- 2.2 The role of markets in allocating resources
- 2.3 Demand
- 2.4 Supply
- 2.5 Price determination
- 2.6 Price changes
- 2.7 Price elasticity of demand (PED)
- 2.8 Price elasticity of supply (PES)
- 2.9 Market economic system
- 2.10 Market failure
- 2.11 Mixed economic system
3. Microeconomic decision makers
- 3.1 Money and banking
- 3.2 Households
- 3.3 Workers
- 3.4 Trade unions
- 3.5 Firms
- 3.6 Firms' production
- 3.7 Firms' costs, revenue and objectives
- 3.8 Market structure
4. Government and the macroeconomy
- 4.1 The role of government
- 4.2 The macroeconomic aims of government
- 4.3 Fiscal policy
- 4.4 Monetary policy
- 4.5 Supply-side policy
- 4.6 Economic growth
- 4.7 Employment and unemployment
- 4.8 Inflation and deflation
5. Economic development
- 5.1 Living standards
- 5.2 Poverty
- 5.3 Population
- 5.4 Differences in economic development between countries
6. International trade and globalisation
- 6.1 International specialisation
- 6.2 Globalisation, free trade and protection
- 6.3 Foreign exchange rates
- 6.4 Current account of balance of payments

1. The basic economic problem