Cambridge IGCSE™ and O Level Economics Coursebook with Digital Access (2 Years) (Cambridge International IGCSE) (3rd Edition)

Description

This coursebook will help your students build an understanding of key economics concepts, with engaging imagery and real-life examples to ensure topics are accessible for all students. Engage your students with a variety of activities to encourage active learning, from writing a podcast script to conducting research as a group. Students will explore the importance of economics in society, through topics such as the basic economic problem, price elasticity and globalisation. Access videos in the digital version of the coursebook, to provide additional support for students with English as an additional language.

Key Features

• Varied activities, such as writing a report or producing and delivering a presentation, encourage active learning and provide formative assessment insights.
• ‘Learning intentions’ focus on what students will learn in each chapter and align to the syllabus objectives to provide structure.
• Engaging videos bring economic concepts into the classroom, providing explanations alongside real-life examples to support understanding.
• ‘Economics in context’ feature enables students to discuss real-world examples to help them understand key topics, such as quality of life and living standards in Sweden.
• Discussion questions help students explore topics in more depth and build their understanding in pairs or groups.
• ‘Economics in action’ feature allows students to make connections with the wider world with a focus on work, sustainability and global economic events.
• Key term definitions and concept links provide additional support throughout each chapter.
• Multiple choice practice questions help students prepare for assessment.
• ‘Check your progress’ feature and practice questions enable students to keep track of their learning and prepare for assessment.
• Tips are included throughout each chapter offering concise advice on key skills, such as essay writing, evaluation and analysis, as well as common errors.
• Accessibility Information: This publication meets the requirements of the EPUB Accessibility specification with conformance to WCAG 2.2 Level AA.

Table of Contents

1. How to use this book
2. Introduction
3. The basic economic problem
4. The nature of the economic problem
5. Factors of production
6. Opportunity cost
7. Production possibility curve diagrams
8. practice questions
9. The allocation of resources
10. The role of markets in allocating resources
11. Demand
12. Supply
13. Price determination
14. Price changes
15. Price elasticity of demand (PED)
16. Price elasticity of supply (PES)
17. Market economic system
18. Market failure
19. Mixed economic system
20. practice questions
21. Microeconomic decision makers
22. Money and banking
23. Households
24. Workers
25. Firms
26. Firms and production
27. Firms’ costs, revenue and objectives
28. Types of markets
29. End of Section 3 practice question
30. Government and the macroeconomy
31. Government macroeconomic intervention
32. Fiscal policy
33. Monetary policy
34. Supply-side policy
35. Economic growth
36. Employment and unemployment
37. Inflation and deflation
38. End of section 5 practice questions
39. Economic development
40. Living standards
41. Poverty
42. Population
43. Differences in economic development between countries
44. End of section 5 practice questions
45. International trade and globalisation
46. Specialisation and free trade
47. Globalisation and trade restrictions
48. Foreign exchange rates
49. Current account balance of payments
50. End of section 6 practice questions.