Endorsed by Cambridge International Examinations, Cambridge IGCSE Economics covers the Cambridge syllabus (0455). The book draws extensively on real world examples to explore economic concepts, theories and issues. Each of the 52 units deals with a specific topic in a lucid and pertinent manner. A number of activities, based on examples from around the world, are designed to facilitate students’ easy understanding of the contents. There is a range of questions both at the end of units and at the end of each of the eight sections to assess students’ progress in the subject.
- Endorsed by Cambridge International Examinations, Cambridge IGCSE Economics covers the Cambridge syllabus (0455).
- A range of questions both at the end of units and at the end of each of the eight sections to assess students’ progress in the subject and to help them prepare for the examination.
- Attractive book design and layout with interesting icons.
- A clear indication of the content at the beginning of each unit.
- Stimulating in-text activities.
- Definitions of important terms given as highlighted key point boxes.
- Numerous well-labelled diagrams and photographs to serve as visual aids.
Preparing for the examination
Section 1. The Basic Economic Problem: Unit 1. Scarcity
Unit 2. Factors of Production
Unit 3. Opportunity Cost
Section 2. Allocation of Resources: Unit 4. Market and Mixed Economies
Unit 5. Equilibrium Price
Unit 6. Changes in Demand
Unit 7. Changes in Supply
Unit 8. Price Elasticity of Demand
Unit 9. Price Elasticity of Supply
Unit 10. Merits of the Market System
Unit 11. Market Failure
Unit 12. Use of Resources
Unit 13. Public Expenditure versus Private Expenditure
Section 3. The Individual as Producer, Consumer and Borrower: Unit 14. Specialisation, Exchange and Money
Unit 15. Banks
Unit 16. Stock Exchanges
Unit 17. Choice of Occupation
Unit 18. Differences in Earnings
Unit 19. Changes in Earnings
Unit 20. Trade Unions
Unit 21. Motives for Spending, Saving and Borrowing
Unit 22. Differences in Expenditure Patterns
Section 4. The Private Firm as Producer and Employer: Unit 23. Types of Business Organisations
Unit 24. Demand for Factors of Production
Unit 25. Costs of Production
Unit 26. Principle of Profit Maximisation
Unit 27. Pricing and Output Strategies
Unit 28. Different Size of Firms and Integration
Unit 29. Economies of Scale
Section 5. Role of Government in an Economy: Unit 30. The Government as a Producer and an Employer
Unit 31. Aims of Government
Unit 32. The Government’s Influence on Private Producers
Unit 33. Conflicts between Government Aims
Unit 34. Types of Taxation
Unit 35. Incidence and Impact of Taxation
Section 6. Economic Indicators: Unit 36. Consumer Prices Index
Unit 37. Causes and Consequences of Inflation and Deflation
Unit 38. Employment
Unit 39. Causes and Consequences of Unemployment
Unit 40. Gross Domestic Product and Economic Growth
Unit 41. Living Standards
Section 7. Developed and Developing Countries
Unit 42. Different Stages of Development
Unit 43. Inequality and Poverty
Unit 44. Population Growth
Unit 45. The Effects of Changes in Population
Unit 46. Problems of Development
Section 8. International Aspects: Unit 47. The Structure of the Balance of Payments
Unit 48. Changing Patterns of Exports and Imports
Unit 49. International Trade
Unit 50. Exchange Rates
Unit 51. Changes in Exchange Rates
Unit 52. Free Trade and Protection
Answers to examination practice questions
Additional structured questions