Synopses & Reviews
A new edition of this bestselling title, fully updated to match the latest Cambridge IGCSE and O Level syllabuses. Used and loved by teachers and students around the world, this new edition has now been re-designed in full colour with the latest statistics, examples and case studies from across the globe. Packed full of engaging activities and revision questions the book is now supported with a student CD-ROM with interactive multiple-choice questions, a full glossary of terms, revision questions and extra practice papers, as well as answers to all the questions in the book.
The accompanying Complete Economics for Cambridge IGCSE and O level Teacher Resource Kit provides teaching support that is easily customisable in print and digital format.
About the Author
Dan Moynihan,Brian Titley
Table of Contents
1. The basic economic problem: choice and the allocation of resources
2. The allocation of resources: how markets work; market failure
Economic systems
How markets work
Social costs and benefits
3. The individual as producer, consumer and borrower
Money and finance
Occupations and earnings
The role of trade unions
Spending, saving and borrowing
4. The private firm as producer and employer
Types of business organization
Organizing production
The growth of firms
Competition
5. Role of government in an economy
Government economic policy
Taxation
6. Economic indicators
Price inflation
Employment and unemployment
Output and growth
7. Developed and developing economies: trends in production, population and living standards
Developed and less-developed economies
Population
8. International aspects
International specialization and trade
Balancing international payments