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Economics (9214)
11 sections available · 41 chapters available
Free Economics (9214) revision notes for Oxford AQA IGCSE students. Each chapter covers a key topic with worked examples and practice prompts you can take straight into the thinka app.
Economic foundations
Economic activity
The factors of production
Making choices
Markets and allocation of resources
Economic sectors
Specialisation, division of labour, and exchange
Resource allocation
Markets and allocation of resources
Economic sectors
Specialisation, division of labour, and exchange
How prices are determined
Demand for goods and services
Supply for goods and services
Equilibrium price
Intermarket relationships
Price elasticity of demand
Price elasticity of supply
Production, costs, revenue and profit
The importance of cost, revenue and profit for producers
Production and productivity
Economies of scale
Competitive and concentrated markets
The importance of market structures on producers and consumers Content Additional
Competitive markets
Non-competitive markets
The labour market
Market failure
Misallocation of resources
Externalities
Introduction to the national economy
Interest rates, saving, borrowing, spending and investment
Government income and expenditure
Government objectives
Economic objectives of a government
Economic growth and development
Employment and unemployment
Inflation and price stability
Balance of payments
Distribution of income
How governments manage their economies
Fiscal policy
Monetary policy
Supply-side policies
Policies to correct positive and negative externalities
International trade and the global economy
Why countries trade and the importance of international trade
Exchange rates
Globalisation: benefits and drawbacks
The role of money and financial markets
The role of money
The role and importance of the financial sector for the economy
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