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Economics 0455 Exam Sucess Revision Guide , IGCSE | Free PDF
The basic economic problem - Economic goods, resource allocation, factors of production, opportunity cost, production possibility curves.
Resource allocation - Microeconomics and macroeconomics, demand and supply, price determination, price elasticity, market failure, economic systems.
Microeconomic decision makers - Money and banking, households, workers, trade unions, firms, production, costs and revenues, market structure.
Government and macroeconomy - Role of government, macroeconomic aims, fiscal and monetary policies, supply-side policies, economic growth, employment, inflation.
Economic development - Living standards, poverty, population, economic development differences between countries.
International trade and globalization - National specialization, trade policies, foreign exchange rates, balance of payments.
Resource allocation - Microeconomics and macroeconomics, demand and supply, price determination, price elasticity, market failure, economic systems.
Microeconomic decision makers - Money and banking, households, workers, trade unions, firms, production, costs and revenues, market structure.
Government and macroeconomy - Role of government, macroeconomic aims, fiscal and monetary policies, supply-side policies, economic growth, employment, inflation.
Economic development - Living standards, poverty, population, economic development differences between countries.
International trade and globalization - National specialization, trade policies, foreign exchange rates, balance of payments.