Edexcel GCSE Economics Textbook

 1.1 THE MARKET SYSTEM

1. The Economic Problem
2. Economic Assumptions
3. The Demand Curve
4. Factors That May Shift the Demand Curve
5. The Supply Curve
6. Factors That May Shift the Supply Curve
7. Market Equilibrium
8. Price Elasticity of Demand
9. Price Elasticity of Supply
10. Income Elasticity
11. The Mixed Economy
12. Privatisation
13. Externalities

1.2 BUSINESS ECONOMICS

14. The Factors of Production and Sectors of the Economy
15. Productivity and Division of Labour
16. Business Costs, Revenues and Profit
17. Economies and Diseconomies of Scale
18. Competitive Markets
19. Advantages and Disadvantages of Large and Small Firms
20. Monopoly
21. Oligopoly
22. The Labour Market
23. The Impact of Changes in the Supply and Demand for Labour and Trade Union Activity in Labour Markets
24. Government Intervention

 

2.1 GOVERNMENT AND THE ECONOMY

25. Economic Growth
26. Inflation
27. Unemployment
28. Balance of Payments on the Current Account
29. Protection of the Environment
30. Redistribution of Income
31. Fiscal Policy
32. Monetary Policy
33. Supply Side Policies and Government Controls
34. Relationships Between Objectives and Policies

2.2 THE GLOBAL ECONOMY

35. Globalisation
36. Multinational Companies (MNCs) and Foreign Direct Investment
37. International Trade
38. Protectionism
39. Trading Blocs
40. The World Trade Organization and World Trade Patterns
41. Exchange Rates and Their Determination
42. Impact of Changing Exchange Rates

 

EXAM PREPARATION

• Paper 1: Microeconomics and Business Economics
• Paper 2: Macroeconomics and the Global Economy
• Command Words
• Glossary
• Index