IGCSE Economics 4EC1

Short revision notes for the Pearson Edexcel International GCSE (9-1) Economics specification.

1.1 The market system

• 1.1.1 The Economic Problem
• 1.1.2 Economic assumptions
• 1.1.3 Demand, supply and market equilibrium
• 1.1.4 Elasticity
• 1.1.5 The mixed economy
• 1.1.6 Externalities

1.2 Business economics

• 1.2.1 Production coming soon
• 1.2.2 Productivity and division of labour coming soon
• 1.2.3 Business costs, revenues and profit coming soon
• 1.2.4 Business competition coming soon
• 1.2.5 The labour market coming soon
• 1.2.6 Government intervention coming soon

2.1 Government and the economy

• 2.1.1 Macroeconomic objectives coming soon
• 2.1.2 Government policies coming soon
• 2.1.3 Relationships between objectives and policies coming soon

2.2 The global economy

• 2.2.1 Globalisation coming soon
• 2.2.2 International trade coming soon
• 2.2.3 Exchange rates coming soon