Cambridge IGCSE™ and O Level Economics Coursebook with Digital Access (2 Years) (Cambridge International IGCSE) (3rd Edition)

DescriptionThis coursebook will help your students build an understanding of key economics concepts, with engaging imagery and real-life examples to ensure topics are accessible for all students. Engage your students with a variety of activities to encourage active learning, from writing a podcast script to conducting research as a group. Students will explore the importance of economics in society, through topics such as the basic economic problem, price elasticity and globalisation. Access videos in the digital version of the coursebook, to provide additional support for students with English as an additional language.Key FeaturesVaried activities, such as writing a report or producing and delivering a presentation, encourage active learning and provide formative assessment insights.‘Learning intentions’ focus on what students will learn in each chapter and align to the syllabus objectives to provide structure.Engaging videos bring economic concepts into the classroom, providing explanations alongside real-life examples to support understanding.‘Economics in context’ feature enables students to discuss real-world examples to help them understand key topics, such as quality of life and living standards in Sweden.Discussion questions help students explore topics in more depth and build their understanding in pairs or groups.‘Economics in action’ feature allows students to make connections with the wider world with a focus on work, sustainability and global economic events.Key term definitions and concept links provide additional support throughout each chapter.Multiple choice practice questions help students prepare for assessment.‘Check your progress’ feature and practice questions enable students to keep track of their learning and prepare for assessment.Tips are included throughout each chapter offering concise advice on key skills, such as essay writing, evaluation and analysis, as well as common errors.Accessibility Information: This publication meets the requirements of the EPUB Accessibility specification with conformance to WCAG 2.2 Level AA.Table of ContentsHow to use this bookIntroductionThe basic economic problemThe nature of the economic problemFactors of productionOpportunity costProduction possibility curve diagramspractice questionsThe allocation of resourcesThe role of markets in allocating resourcesDemandSupplyPrice determinationPrice changesPrice elasticity of demand (PED)Price elasticity of supply (PES)Market economic systemMarket failureMixed economic systempractice questionsMicroeconomic decision makersMoney and bankingHouseholdsWorkersFirmsFirms and productionFirms’ costs, revenue and objectivesTypes of marketsEnd of Section 3 practice questionGovernment and the macroeconomyGovernment macroeconomic interventionFiscal policyMonetary policySupply-side policyEconomic growthEmployment and unemploymentInflation and deflationEnd of section 5 practice questionsEconomic developmentLiving standardsPovertyPopulationDifferences in economic development between countriesEnd of section 5 practice questionsInternational trade and globalisationSpecialisation and free tradeGlobalisation and trade restrictionsForeign exchange ratesCurrent account balance of paymentsEnd of section 6 practice questions.