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2027/2028/2029 -Paper -2-IGCSE Economics Topic Questions -Basic-Economic-Problem-Topic-Questions-Free Preview / 1.1 The nature of the basic economic problem Topic Questions
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IGCSE Economics/ Paper-2-/1.1 The nature of the basic economic problem Topic Questions/ Topic Questions/ 2027/2028/2029 Exams

  • The economic problem arises from wants exceeding resources or that wants are infinite (unlimited) while resources are limited.
  • So, when the resources are limited and the wants are unlimited, a choice needs to be made.

Course content

1.1 The nature of the basic economic problem Topic Questions
1.2 Factors of production Topic Questions
1.3 Opportunity cost Topic Questions
1.4 Production possibility curve (PPC) diagrams Topic Questions
2.1 The role of markets in allocating resources
2.2.1-Demand
2.3 -Supply
2.4-Price determination
2.5 Price Changes
2.6 Price Elsasticity of Demand
2.7-Price Elasticity of Supply
2.8 Market Economic System
2.9-Market Failure
2.10-Mixed Economic System
3.1 Money and banking Topic Questions
3.2 Households Topic Questions
3.3 Workers Topic Questions
3.4 Firms Topic Questions
3.5 Firms and production Topic Questions
3.6 Firms’ costs, revenue and objectives Topic Questions
3.7 Types of markets Topic Questions
4.1 Government macroeconomic intervention
4.2 Fiscal policy
4.3 Monetary policy
4.4 Supply-side policy
4.5 Economic growth
4.6 Employment and unemployment
4.7 Inflation
5.1 Living standards
5.2 Poverty
5.3 Population
5.4 Differences in economic development between countries
6.1 Specialisation and free trade
6.2 Globalisation and trade restrictions
6.3 Foreign exchange rates
6.4 Current account of the balance of payments
2.1 The role of markets in allocating resources Topic Questions
2.2 Demand Topic Questions
2.3 Supply Topic Questions
2.4 Price determination Topic Questions
2.5 Price changes Topic Questions
2.6 Price elasticity of demand (PED) Topic Questions
2.7 Price elasticity of supply (PES) Topic Questions
2.8 Market economic system Topic Questions
2.9 Market failure Topic Questions
2.10 Mixed economic system Topic Questions
3.1 Money and banking Topic Questions
3.2 Households Topic Questions
3.3 Workers Topic Questions
3.4 Firms Topic Questions
3.5 Firms and production Topic Questions
3.6 Firms’ costs, revenue and objectives Topic Questions
3.7 Types of markets Topic Questions
4.1 Government macroeconomic intervention Topic Questions
4.2 Fiscal policy Topic Questions
4.3 Monetary policy Topic Questions
4.4 Supply-side policy Topic Questions
4.5 Economic growth Topic Questions
4.6 Employment and unemployment Topic Questions
4.7 Inflation Topic Questions
5.1 Living standards Topic Questions
5.2 Poverty Topic Questions
5.3 Population Topic Questions
5.4 Differences in economic development between countries Topic Questions
6.1 Specialisation and free trade Topic Questions
6.2 Globalisation and trade restrictions Topic Questions
6.3 Foreign exchange rate Topic Questions
6.4 Current account of the balance of payments Topic Questions
1 The basic economic problem PDF Notes
2 The allocation of resources PDF Notes
3 Microeconomic decision-makers PDF Notes
4 Government and the macroeconomy PDF Notes
5 Economic development PDF Notes
6 International trade and globalisation PDF Notes
Paper 2 Solutions for Board Exam Papers IGCSE Economics
Topic 3- Microeconomic decision-makers
Topic 1 - The basic economic problem
Topic 2-Factors of production
Topic 5- Microeconomics and macroeconomics
Topic 18-Workers
Topic 19 -Trade unions
Topic 20-Firms
IGCSE Economics Syllabus
IGCSE Economics Glossary and Key-terms
Topic-1-Basic-Economic-Problem Flip Book
Topic -2-The Allocation of Resources Notes Flip Book
Topic 3 Microeconomic decision-makers Flip Book
Topic 4 Govt and the Macroeconomy Flip Book
Topic 5 Economic Development Flip Book
Topic 6 International Trade and Globalisation Flip Book
Topic-1-Basic-Economic-Problem-Nature-of-Economic-Problem
Topic-2-Basic-Economic-Problem-Factors-of-Production
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