Cambridge IGCSE® and O Level Economics Coursebook (2nd Edition)

DescriptionCovers the Cambridge IGCSE syllabus (0455) and the Cambridge O Level syllabus (2281), first examination from 2020.This series helps students understand economic theory, terminology and principles. It matches the Cambridge IGCSE and O Level Economics syllabuses. The coursebook helps students apply tools of economic analysis, make judgements on economic issues, use basic economic numeracy and literacy, and take greater part in decision-making processes in everyday life. Sample questions provide opportunities for students to develop their evaluative skills. It provides a foundation for advanced study in Economics such as A Level. Answers to the coursebook and workbook questions are in the teacher’s resource.Key FeaturesIntroduces topics and presents economic concepts in the context of the learner, making Economics relevant to everyday life.Equips students with an understanding of the language of Economics and supports the development of their evaluative skills with essay questions.Key terms highlight and explain important concepts, helping students produce clear and accurate answers.A range of new practice exercises builds students’ Economics skills and confidence with the subject.Provides the most comprehensive support for students.Group activities encourage peer support and provide opportunities for students to express themselves.The series also includes a workbook, revision guide, teacher’s resource and Elevate enhanced edition.Endorsed by Cambridge International Examinations, Cambridge IGCSE and O Level Economics covers the Cambridge IGCSE syllabus (0455) and the Cambridge O Level syllabus (2281), first assessment 2020.Table of ContentsIntroductionSection 1. The basic economic problemChapter 1. The nature of the economic problemChapter 2. Factors of productionChapter 3. Opportunity costChapter 4. Production possibility curvesExamination practiceSection 2. The allocation of resourcesChapter 5. Microeconomics and macroeconomicsChapter 6. The role of markets in allocating resourcesChapter 7. DemandChapter 8. SupplyChapter 9. Price determinationChapter 10. Causes of price changesChapter 11. Price elasticity of demandChapter 12. Price elasticity of supplyChapter 13. Market economic systemChapter 14. Market failureChapter 15. Mixed economic systemExamination practiceSection 3. Microeconomic decision makersChapter 16. Money and bankingChapter 17. HouseholdsChapter 18. WorkersChapter 19. Trade unionsChapter 20. FirmsChapter 21. Firms and productionChapter 22. Firms’ costs, revenue and objectivesChapter 23. Market structureExamination practiceSection 4. Government and the macroeconomyChapter 24. The role of governmentChapter 25. The macroeconomic aims of governmentChapter 26. Fiscal policyChapter 27. Monetary policyChapter 28. Supply-side policyChapter 29. Economic growthChapter 30. Employment and unemploymentChapter 31. Inflation and deflationExamination practiceSection 5. Economic developmentChapter 32. Living standardsChapter 33. PovertyChapter 34. PopulationChapter 35. Differences in economic development between countriesExamination practiceSection 6. International trade and globalisationChapter 36. International specialisationChapter 37. Free trade and protectionChapter 38. Foreign exchange ratesChapter 39. Current account of the balance of paymentsExamination practiceIndex.