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Cambridge IGCSE Economics

IGCSE · Cambridge International (CAIE)Economics991 cards

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Flashcards for Cambridge IGCSE Economics (0455), split into the syllabus's six sections and then by numbered sub-topic in the syllabus's order. Covers definitions, formulae with worked calculations, diagrams described in words, policies and evaluation points.

Adding it gives you your own copy, with every subdeck below. Each card then comes back just before you would forget it, and every one you get right or wrong counts towards your mastery of its topic. You can delete or suspend the parts you are not studying once it is yours.

What is inside (42 subdecks)

  • 1 The basic economic problem88 cards
    • 1.1 The nature of the basic economic problem24 cards
    • 1.2 Factors of production31 cards
    • 1.3 Opportunity cost14 cards
    • 1.4 Production possibility curve (PPC) diagrams19 cards
  • 2 The allocation of resources290 cards
    • 2.1 The role of markets in allocating resources12 cards
    • 2.2 Demand34 cards
    • 2.3 Supply23 cards
    • 2.4 Price determination27 cards
    • 2.5 Price changes15 cards
    • 2.6 Price elasticity of demand (PED)38 cards
    • 2.7 Price elasticity of supply (PES)22 cards
    • 2.8 Market economic system15 cards
    • 2.9 Market failure44 cards
    • 2.10 Mixed economic system60 cards
  • 3 Microeconomic decision-makers238 cards
    • 3.1 Money and banking25 cards
    • 3.2 Households18 cards
    • 3.3 Workers48 cards
    • 3.4 Firms49 cards
    • 3.5 Firms and production31 cards
    • 3.6 Firms' costs, revenue and objectives46 cards
    • 3.7 Types of markets21 cards
  • 4 Government and the macroeconomy191 cards
    • 4.1 Government macroeconomic intervention15 cards
    • 4.2 Fiscal policy48 cards
    • 4.3 Monetary policy18 cards
    • 4.4 Supply-side policy16 cards
    • 4.5 Economic growth27 cards
    • 4.6 Employment and unemployment35 cards
    • 4.7 Inflation32 cards
  • 5 Economic development69 cards
    • 5.1 Living standards15 cards
    • 5.2 Poverty16 cards
    • 5.3 Population28 cards
    • 5.4 Differences in economic development between countries10 cards
  • 6 International trade and globalisation115 cards
    • 6.1 Specialisation and free trade16 cards
    • 6.2 Globalisation and trade restrictions46 cards
    • 6.3 Foreign exchange rates30 cards
    • 6.4 Current account of the balance of payments23 cards

Some of its cards

  • Price elasticity of supply (PES)
    A measure of how much the quantity supplied of a good responds to a change in its price
  • What does a firm's demand for factors of production depend on?
    The demand for its product, the price of factors, their availability and their productivity
  • Foreign exchange rate
    The price of one currency in terms of another
  • A sustained rise in the general level of prices
    Inflation
  • Gross domestic product (GDP)
    The total value of goods and services produced in a country in a year
  • How does the size of sectors differ between low-income and high-income countries?
    Low-income countries have a larger primary sector, and high-income countries a larger tertiary sector
  • The way changes in demand and supply move prices, which signal to buyers and sellers how to use resources
    Price mechanism
  • Any place or arrangement where buyers and sellers meet to trade goods, services or resources
    Market
  • Mixed economic system
    An economic system in which both the private sector and the government allocate resources
  • Factors of production
    The resources used to produce goods and services: land, labour, capital and enterprise

And 981 more once you add the deck.

Cambridge IGCSE Economics: 991 flashcards | cookie