Cambridge IGCSE™ and O Level Economics Second edition Coursebook

This series helps students understand economic theory, terminology and principles. It matches the Cambridge IGCSE and O Level Economics syllabuses. The coursebook helps 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. Sample questions provide opportunities for students to develop their evaluative skills. It provides a foundation for advanced study in Economics such as A Level. Answers to the coursebook and workbook 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