Igcse Economics Revision Notes
Free IGCSE Economics Revision Notes that will help you in revising for your exams. Also, check out our other helpful revision resources for IGCSE Economics (0455).
Revision Notes:
- Basic Economic Problem
- Production Possibility Curve
- Allocation Of Resources In Economic Systems
- Characteristics and Functions of Money
- Demand and Supply – How Prices are determined
- Non Price Factors Of Demand
- Non Price Factors Of Supply
- Price Elasticity Of Demand
- Price Elasticity Of Supply
- Usefullness Of Price Elasticity  To Producers
- Stock Exchange
- Banking- Central and Commercial Banks
-
Basic Economic Problem
Basic Economic Problem: The basic economic problem is that there are finite resources and unlimited wants; in other words there…
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Production Possibility Curve
Production Possibility Curve: The following is a curve representing all possible combinations of two goods that can be produced by…
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Allocation Of Resources In Economic Systems
Resource Allocation Answers Three Questions: What to produce? How to produce? For whom to produce? Economic Systems: How an economy decides,…
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Characteristics And Functions Of Money
Money: Money is an item which is generally acceptable as a means of payment. Characteristics of Money: General Acceptability: All…
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Demand And Supply – How Prices Are Determined
Prices are determined through the forces of demand and supply of a product or service. Demand: It is the willingness…
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Non Price Factors of Demand
There are various factors other than price that change the Demand of a product or service and hence cause a…
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Non Price Factors of Supply
There are various factors other than price that change the Supply of a product or service and hence cause a…
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Price Elasticity Of Demand
Price Elasticity Of Demand, measures the responsiveness of demand to a change in price. The formula used to calculate (PED)…
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Price Elasticity Of Supply
Price Elasticity Of Supply, is the measure of the responsiveness of supply to a change in price. The Formula used…
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Usefullness of Price Elasticity To Producers
Knowledge of Price Elasticity would help the producer in many ways while making a decision such as: Pricing Policy: The…
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