Economics 4EC1/01 January 2020 | Edexcel IGCSE Past Papers With Mark Scheme

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1. Price Elasticity and Market Supply: Calculating price elasticity of supply and understanding the concept of supply in economic terms.

2. Costs and Revenue Calculations: Determining total fixed costs, variable costs, and profit using given financial data.

3. Market Structures and Competition: Identifying market structures such as oligopoly and monopolistic competition, and analyzing their impacts on business operations.

4. Elasticity of Demand and Consumer Behavior: Computing income elasticity of demand (YED) and price elasticity of supply (PES), and interpreting their significance in economic decision-making.

5. Externalities and Public Goods: Assessing the impact of negative and positive externalities, such as fireworks, and discussing the free-rider problem associated with public goods.

6. Economic Growth and Production Possibility Curves (PPC): Illustrating and interpreting changes in an economy’s PPC due to factors like technological advancements and resource allocation.

Edexcel International GCSE Economics (4EC1) Jan 2020

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Classification: Edexcel Paper 1

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Economics 4EC1/01 January 2020 | Edexcel IGCSE Past Papers With Mark Scheme

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