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Microeconomics IGCSE
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Unit 1 - The basic economic problem
1.1 The nature of the econonomic problem
1.2 Factors of productions
1.3 Opportunity cost
1.4 Production possibility curve (PPC)
Unit 2 - The allocation of resources (key terms)
2.1 Microeconomics and macroeconomics
2.2 The role of markets in allocating resources
2.3 Demand
2.4 Supply
2.5 Price determination
2.6 Price changes
2.7 Price elasticity of demand (PED)
2.8 Price elasticity of supply
2.9 Market economic systems
2.10 Market failure
2.11 Mixed economic systems
Unit 2 review
Unit 3a - microeconomic decision makers - the individual
3.1 Money and banking
3.2 Households
3.3 Workers
3.4 Trade Unions
Unit 3b - microeconomic decision makers - the firm (key terms)
3.5 Firms
3.6 Firms and production
3.7 Costs, revenue and objectives
3.8 Market structure
Microeconomics IGCSE
Home
Unit 1 - The basic economic problem
1.1 The nature of the econonomic problem
1.2 Factors of productions
1.3 Opportunity cost
1.4 Production possibility curve (PPC)
Unit 2 - The allocation of resources (key terms)
2.1 Microeconomics and macroeconomics
2.2 The role of markets in allocating resources
2.3 Demand
2.4 Supply
2.5 Price determination
2.6 Price changes
2.7 Price elasticity of demand (PED)
2.8 Price elasticity of supply
2.9 Market economic systems
2.10 Market failure
2.11 Mixed economic systems
Unit 2 review
Unit 3a - microeconomic decision makers - the individual
3.1 Money and banking
3.2 Households
3.3 Workers
3.4 Trade Unions
Unit 3b - microeconomic decision makers - the firm (key terms)
3.5 Firms
3.6 Firms and production
3.7 Costs, revenue and objectives
3.8 Market structure
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Home
Unit 1 - The basic economic problem
1.1 The nature of the econonomic problem
1.2 Factors of productions
1.3 Opportunity cost
1.4 Production possibility curve (PPC)
Unit 2 - The allocation of resources (key terms)
2.1 Microeconomics and macroeconomics
2.2 The role of markets in allocating resources
2.3 Demand
2.4 Supply
2.5 Price determination
2.6 Price changes
2.7 Price elasticity of demand (PED)
2.8 Price elasticity of supply
2.9 Market economic systems
2.10 Market failure
2.11 Mixed economic systems
Unit 2 review
Unit 3a - microeconomic decision makers - the individual
3.1 Money and banking
3.2 Households
3.3 Workers
3.4 Trade Unions
Unit 3b - microeconomic decision makers - the firm (key terms)
3.5 Firms
3.6 Firms and production
3.7 Costs, revenue and objectives
3.8 Market structure
2.2 The role of markets in allocating resources
Markets allocate resources through the price mechanism - 'the invisible hand' - Adam Smith
2.2 The role of markets in allocating resources.pptx
2.1 – 2.9 – How Markets Work
Economy: an area where people and firms produce, trade and consume goods and services. This can vary in size- from your local town to your country, or the globe itself. Microeconomics and Macroecon…
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