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PAPER-2-TOPIC-1-BASIC ECONOMIC PROBLEM-TOPIC WISE PAST PAPERS / 1.3 Opportunity cost Topic Questions
  • 1.3.1 Opportunity cost-set-1-ms.pdf
  • 1.3.1 Opportunity cost-set-1-qp.pdf
  • 1.3.1 Opportunity cost-set-2-ms.pdf
  • 1.3.1 Opportunity cost-set-2-qp.pdf
  • 1.3.2 The influence of opportunity cost on decision-making-set-1-ms.pdf
  • 1.3.2 The influence of opportunity cost on decision-making-set-1-qp.pdf
  • 1.3.2 The influence of opportunity cost on decision-making-set-2-ms.pdf
  • 1.3.2 The influence of opportunity cost on decision-making-set-2-qp.pdf
  • 1.3.2 The influence of opportunity cost on decision-making-set-3-ms.pdf
  • 1.3.2 The influence of opportunity cost on decision-making-set-3-qp.pdf
Note:

IGCSE Economics /  1.3 Opportunity cost Topic Questions  / Paper 2

  • Opportunity cost is the next best alternative forgone.
  • Example of opportunity cost: Government spending on unemployment benefit will reduce a government's ability to spend on another item (for instance health care)

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 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
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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