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iGCSE Economics
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M1 - The Basic Economic Problem
1.1 The nature of the economic problem
1.2 The factors of production
1.3 Opportunity cost
1.4 Production possibility curve (PPC) diagrams
M2 - Allocation of Resources
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 (PES)
2.9 Market economic system
2.10 Market failure
2.11 Mixed economic system
M3 - Microeconomic Decision Makers
3.1 Money and banking
3.2 Households
3.3 Workers
3.4 Trade unions
3.5 Firms
3.6 Firms and production
3.7 Firms’ costs, revenue and objectives
3.8 Market structure
M4 - Government and the Macroeconomy
4.1 The role of government
4.2 The macroeconomic aims of government
4.3 Fiscal policy continued
4.4 Monetary policy
4.5 Supply-side policy
4.6 Economic growth
4.7 Employment and unemployment
4.8 Inflation and deflation
M5 - Economic Development
5.1 Living standards
5.2 Poverty
5.3 Population
5.4 Differences in economic development between countries
M6 - International Trade and Globalisation
6.1 International specialisation
6.2 Globalisation, free trade and protection
6.3 Foreign exchange rates
6.4 Current account of balance of payments
Assessment
Past-Paper Practice
iGCSE Economics
4.2 The macroeconomic aims of government
4.2.1. the macroeconomic aims of government
4.2.2. possible conflicts between macroeconomic aims
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