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Economics (0455)
6 sections available · 36 chapters available
Free Economics (0455) study notes for Cambridge IGCSE students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
The basic economic problem
The nature of the basic economic problem
Factors of production
Opportunity cost
Production possibility curve (PPC) diagrams
The allocation of resources
The role of markets in allocating resources
Demand
Supply
Price determination
Price changes
Price elasticity of demand (PED)
Price elasticity of supply (PES)
Market economic system
Market failure
Mixed economic system
Microeconomic decision-makers
Money and banking
Households
Workers
Firms
Firms and production
Firms’ costs, revenue and objectives
Types of markets
Government and the macroeconomy
Government macroeconomic intervention
Fiscal policy
Monetary policy
Supply-side policy
Economic growth
Employment and unemployment
Inflation
Economic development
Living standards
Poverty
Population
Differences in economic development between countries
International trade and globalisation
Specialisation and free trade
Globalisation and trade restrictions
Foreign exchange rates
Current account of the balance of payments
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