Igcse economics Study guides, Class notes & Summaries

This set of flashcards includes every detail and point you would use in most (if not all) Paper 2 Structured Questions in the CIE IGCSE 0987/0455 specification. Through the 2 years of studying CIE IGCSE Economics in my school, I have compiled all of my lesson notes, online materials, further research, and exam mark schemes into this single file. This set of notes offered me great assistance to fortunately achieve a grade 9 in Economics and the Top of Economics award in my year in my school. ...

This document is the summary of everything you need to know about elasticity of demand, supply and income for the Pearson Edexcel IGCSE Economics exams. The definitions, equations, diagrams and factors affecting PED and PES are also included with detailed explanation. This is a perfect summary to read before getting into the lesson and this will guide you through weeks worth information in the best way possible.

IGCSE Edexcel Economics Microeconomics notes (first half of the Pearson textbook). This can be used for revision for Paper 1 of the Edexcel IGCSE Economics course. Includes diagrams and perfect answers in bullet points (perfect for long-answer questions!)

IGCSE Economics Definitions ABNORMAL PROFIT The surplus of revenue over costs enjoyed by a monopoly that is in excess of profit the same firm could expect to earn if it faced competition for its market. ABSOLUTE ADVANTAGE The ability of a country or region to produce a good or service at a lower average cost per unit than any other country or region is able to. ABSOLUTE POVERTY An economic condition of lacking both money and basic necessities needed to successfully l...

IGCSE Economics exam latest update A+ graded Definition of opportunity cost - answer The effects of opportunity cost on workers - answer The production possibility curve represents - answer How can a country be on its PPC? - answer A movement along the PPC results in - answer in order for the PPC to shift outwards, there must be - answer The two ways for economic growth are - answer The market system refers to - answer the method of ...

This is the whole IGCSE Economics Syllabus summarized, with easy-to understand terminology, definitions and some diagrams. Furthermore, each point is separated into bullet points for easy note taking! I hope this helps with your studies!

IGCSE Edexcel Economics Macroeconomics notes (second half of the Pearson textbook). This can be used for revision for Paper 2 of the Edexcel IGCSE Economics course. Includes diagrams and perfect answers in bullet points (perfect for long-answer questions!). Good Luck!

Economics correct answers The study of how society manages its scare resources to satisfy unlimited wants Economy correct answers A system that attempt to solve the basic economic problem. Micro-economics correct answers The study of how households (buyers) and firms (sellers) make decisions regarding the allocation of limited resources and how they interact in specific markets as individuals Macro-economics correct answers The branch of economics that examines the behaviour of the whol...

IGCSE Economics Economics - The study of how scarce resources can be allocated to satisfy people’s unlimited wants. Scarcity - When there are not enough resources to satisfy our wants and needs. Resources - The inputs that are used in the production process to produce goods and services. These are also called Factors of Production. Resources are limited.  Capital - Human-made goods that are used in the production of other goods. Payment comes in Interest  Entrepreneurs (Enterprise) ...

IGCSE Economics Exam|100 Complete Questions and Answers

Opportunity cost correct answers A cost of choosing one thing over the next best alternative. The economic problem correct answers The idea that resources are scare and wants are unlimited Economy correct answers Where people produce goods and services. Market correct answers Where a group of people willing to exchange goods and services meet. Perfect market correct answers Neither Consumer/producer solely influence the price charged for goods and services Imperfect market correct...

Economic Growth correct answers The increase in output of the value of the goods and services produced in a country over a period of time Supply-side Policy correct answers A government action which leads to an increase in aggregate supply in an economy by improving either the quality or the quantity of resources Aggregate Supply (AS) correct answers The total supply of goods and services in an economy Productive Capacity/Productive Potential correct answers The ability of an economy to...