IGCSEEconomicsCambridge (CIE)2. The Allocation of Resources

2. The Allocation of Resources (Cambridge (CIE) IGCSE Economics)

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2.1 Microeconomics & Macroeconomics

  1. Differences Between Micro & Macro

2.2 The Role of Markets in Allocating Resources

  1. The (Free) Market System

2.3 Demand

  1. Demand, Price & Quantity
  2. Conditions of Demand

2.4 Supply

  1. Supply, Price & Quantity
  2. Conditions of Supply

2.5 Price Determination

  1. Equilibrium & Disequilibrium

2.6 Price Changes

  1. Changing Market Conditions

2.7 Price Elasticity of Demand (PED)

  1. Calculation & Determinants of PED
  2. The Significance of PED

2.8 Price Elasticity of Supply (PES)

  1. Calculation, Determinants & Significance of PES

2.9 Market Economic System

  1. The (Free) Market System

2.10 Market Failure

  1. Market Failure Terminology
  2. Causes & Consequences
  3. Government Intervention to Address Market Failure

2.11 Mixed Economic System

  1. Characteristics of a Mixed Economic System

2.1 Microeconomics & Macroeconomics

  1. Paper 1
  2. Paper 2

2.2 The Role of Markets in Allocating Resources

  1. Paper 1
  2. Paper 2

2.3 Demand

  1. Paper 1
  2. Paper 2

2.4 Supply

  1. Paper 1
  2. Paper 2

2.5 Price Determination

  1. Paper 1
  2. Paper 2

2.6 Price Changes

  1. Paper 1
  2. Paper 2

2.7 Price Elasticity of Demand (PED)

  1. Paper 1
  2. Paper 2

2.8 Price Elasticity of Supply (PES)

  1. Paper 1
  2. Paper 2

2.9 Market Economic System

  1. Paper 1
  2. Paper 2

2.10 Market Failure

  1. Paper 1
  2. Paper 2

2.11 Mixed Economic System

  1. Paper 1
  2. Paper 2
  1. 2.1 Microeconomics & Macroeconomics
  2. 2.2 The Role of Markets in Allocating Resources
  3. 2.3 Demand
  4. 2.4 Supply
  5. 2.5 Price Determination
  6. 2.6 Price Changes
  7. 2.7 Price Elasticity of Demand (PED)
  8. 2.8 Price Elasticity of Supply (PES)
  9. 2.9 Market Economic System
  10. 2.10 Market Failure
  11. 2.11 Mixed Economic System
Cambridge (CIE) IGCSE Economics Past Papers