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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
3.2 Households
A household earns a disposable income which can be either saved or consumed. A household can increase consumption beyond disposable income by borrowing.
3.2 Households.pptx
Examiner's comments - households
3.2 – Households
Disposable income is the income of a person after all income-related taxes and charges have been deducted. Spending (Consumption) The buying of goods and services is called consumption. The money s…
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3.2 Households.pptx
