Igcse economics Study guides, Class notes & Summaries

This set of flashcards includes every detail and point you would use in most (if not all) Paper 2 Structured Questions in the CIE IGCSE 0987/0455 specification. Through the 2 years of studying CIE IGCSE Economics in my school, I have compiled all of my lesson notes, online materials, further research, and exam mark schemes into this single file. This set of notes offered me great assistance to fortunately achieve a grade 9 in Economics and the Top of Economics award in my year in my school. ...

This document is the summary of everything you need to know about elasticity of demand, supply and income for the Pearson Edexcel IGCSE Economics exams. The definitions, equations, diagrams and factors affecting PED and PES are also included with detailed explanation. This is a perfect summary to read before getting into the lesson and this will guide you through weeks worth information in the best way possible.

IGCSE Edexcel Economics Microeconomics notes (first half of the Pearson textbook). This can be used for revision for Paper 1 of the Edexcel IGCSE Economics course. Includes diagrams and perfect answers in bullet points (perfect for long-answer questions!)

IGCSE Economics Definitions ABNORMAL PROFIT The surplus of revenue over costs enjoyed by a monopoly that is in excess of profit the same firm could expect to earn if it faced competition for its market. ABSOLUTE ADVANTAGE The ability of a country or region to produce a good or service at a lower average cost per unit than any other country or region is able to. ABSOLUTE POVERTY An economic condition of lacking both money and basic necessities needed to successfully l...

This is the whole IGCSE Economics Syllabus summarized, with easy-to understand terminology, definitions and some diagrams. Furthermore, each point is separated into bullet points for easy note taking! I hope this helps with your studies!

IGCSE Edexcel Economics Macroeconomics notes (second half of the Pearson textbook). This can be used for revision for Paper 2 of the Edexcel IGCSE Economics course. Includes diagrams and perfect answers in bullet points (perfect for long-answer questions!). Good Luck!

IGCSE Economics exam latest update A+ graded Definition of opportunity cost - answer The effects of opportunity cost on workers - answer The production possibility curve represents - answer How can a country be on its PPC? - answer A movement along the PPC results in - answer in order for the PPC to shift outwards, there must be - answer The two ways for economic growth are - answer The market system refers to - answer the method of ...

IGCSE Economics Economics - The study of how scarce resources can be allocated to satisfy people’s unlimited wants. Scarcity - When there are not enough resources to satisfy our wants and needs. Resources - The inputs that are used in the production process to produce goods and services. These are also called Factors of Production. Resources are limited.  Capital - Human-made goods that are used in the production of other goods. Payment comes in Interest  Entrepreneurs (Enterprise) ...

IGCSE Economics 0455 Notes (Chapter 1-2) | The Basis Economic Problem. Need ⇒ goods or services necessary for survival Want ⇒ goods or services NOT necessary for survival Finite resources ⇒ resources that will eventually run out Renewable resources ⇒ resources that can be replaced as they are used to produce goods or services The economic problem ⇒ limited resources and unlimited wants which leads to a problem called scarcity Scarcity ⇒ an economic problem where the resources...

IGCSE Economics Exam|100 Complete Questions and Answers

CAIE IGCSE ECONOMICS (0455) SUMMARIZED NOTES 2023. The Basic Economic Problem 1.1. Economic Problem There are too few productive resources to make all the goods and services that consumers need and want. Unlimited wants and limited resources Scarcity of resources is the basic economic problem Types of goods Economic goods: A good or service that has a degree of scarcity and therefore an opportunity cost. Free goods: A good or service that is not scarce and is available in abundance. F...

IGCSE Economics 0455 Notes (Chapter 1-2) For 2023. Need ⇒ goods or services necessary for survival Want ⇒ goods or services NOT necessary for survival Finite resources ⇒ resources that will eventually run out Renewable resources ⇒ resources that can be replaced as they are used to produce goods or services The economic problem ⇒ limited resources and unlimited wants which leads to a problem called scarcity Scarcity ⇒ an economic problem where the resources are not enough to sa...