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Table of contents
Assessment
Assessment
Paper 1 (45 minutes) (30%)
Multiple Choice
30 marks
Candidates answer all 30 questions
Externally assessed
Paper 2 (2 hours 15 minutes) (70%)
Structured Questions
90 marks
Candidates answer one compulsory question and three questions from a choice of four.
Externally assessed
Chapter 3: Opportunity cost
Chapter 3: Opportunity cost
Define opportunity cost: The (next) best alternative / choice forgone / sacrificed
Chapter 7: Demand
Chapter 7: Demand
To save time and for the sake of clarity, economists also often draw demand curves as straight lines but they are still referred to as curves!
Chapter 13: Market economic system
Chapter 13: Market economic system
Market can be divided into
Private sector
Public sector
Chapter 16: Money And Bank
Chapter 16: Money And Bank
2 ways to borrow money from bank
Overdraft
Loan
Chapter 17: Household
Chapter 17: Household
Average propensity to consume (APC) = Consumption / Disposable income
Text Book
Text Book
cambridge Latest.pdf#igcse #economic
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