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

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.

Feature:

• 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.

Content

How to use this book

Introduction

Section 1. The basic economic problem

Chapter 1. The nature of the economic problem

Chapter 2. Factors of production

Chapter 3. Opportunity cost

Chapter 4. Production possibility curve diagrams

End of section 1 practice questions

Section 2. The allocation of resources

Chapter 5. The role of markets in allocating resources

Chapter 6. Demand

Chapter 7. Supply

Chapter 8. Price determination

Chapter 9. Price changes

Chapter 10 Price elasticity of demand (PED)

Chapter 11. Price elasticity of supply (PES)

Chapter 12. Market economic system

Chapter 13. Market failure

Chapter 14. Mixed economic system

End of section 2 practice questions

Section 3. Microeconomic decision makers

Chapter 15. Money and banking

Chapter 16. Households

Chapter 17. Workers

Chapter 18. Firms

Chapter 19. Firms and production

Chapter 20. Firms’ costs, revenue and objectives

Chapter 21. Types of markets

End of Section 3 practice question

Section 4. Government and the macroeconomy

Chapter 22. Government macroeconomic intervention

Chapter 23. Fiscal policy

Chapter 24. Monetary policy

Chapter 25. Supply-side policy

Chapter 26. Economic growth

Chapter 27. Employment and unemployment

Chapter 28. Inflation and deflation

End of section 5 practice questions

Section 5. Economic development

Chapter 29. Living standards

Chapter 30. Poverty

Chapter 31. Population

Chapter 32. Differences in economic development between countries

End of section 5 practice questions

Section 6. International trade and globalisation

Chapter 33. Specialisation and free trade

Chapter 34. Globalisation and trade restrictions

Chapter 35. Foreign exchange rates

Chapter 39. Current account balance of payments

End of section 6 practice questions.