Cambridge IGCSE® and O Level Economics Coursebook with Cambridge Elevate Enhanced Edition (2 Years)

Covers the Cambridge IGCSE syllabus (0455) and the Cambridge O Level syllabus (2281), first examination from 2020. This coursebook and digital bundle help students apply tools of economic analysis, make judgements on economic issues, use basic economic numeracy and literacy, and take greater part in decision-making processes in everyday life. It provides a foundation for advanced study in Economics such as A Level. The Cambridge Elevate enhanced edition contains auto-marked questions, ensuring students have plenty of materials for self-study. Answers to the coursebook questions are in the teacher's resource.

Introduction; Section 1. The basic economic problem; Chapter 1. The nature of the economic problem; Chapter 2. Factors of production; Chapter 3. Opportunity cost; Chapter 4. Production possibility curves; Examination practice; Section 2. The allocation of resources; Chapter 5. Microeconomics and macroeconomics; Chapter 6. The role of markets in allocating resources; Chapter 7. Demand; Chapter 8. Supply; Chapter 9. Price determination; Chapter 10. Causes of price changes; Chapter 11. Price elasticity of demand; Chapter 12. Price elasticity of supply; Chapter 13. Market economic system; Chapter 14. Market failure; Chapter 15. Mixed economic system; Examination practice; Section 3. Microeconomic decision makers; Chapter 16. Money and banking; Chapter 17. Households; Chapter 18. Workers; Chapter 19. Trade unions; Chapter 20. Firms; Chapter 21. Firms and production; Chapter 22. Firms' costs, revenue and objectives; Chapter 23. Market structure; Examination practice; Section 4. Government and the macroeconomy; Chapter 24. The role of government; Chapter 25. The macroeconomic aims of government; Chapter 26. Fiscal policy; Chapter 27. Monetary policy; Chapter 28. Supply-side policy; Chapter 29. Economic growth; Chapter 30. Employment and unemployment; Chapter 31. Inflation and deflation; Examination practice; Section 5. Economic development; Chapter 32. Living standards; Chapter 33. Poverty; Chapter 34. Population; Chapter 35. Differences in economic development between countries; Examination practice; Section 6. International trade and globalisation; Chapter 36. International specialisation; Chapter 37. Free trade and protection; Chapter 38. Foreign exchange rates; Chapter 39. Current account of the balance of payments; Examination practice; Index.