Economics Flashcards

359 flashcards across 39 topics

Created from Syllabus Validated by AI
154
Definitions
132
Key Concepts
0
Study Tips

Unit 1

1.1 9 cards

The nature of the economic problem
1.2 9 cards

Factors of production
1.3 9 cards

Opportunity cost
1.4 9 cards

Production possibility curve

Unit 2

2.1 9 cards

Microeconomics and macroeconomics
2.2 8 cards

The role of markets
2.3 9 cards

Demand
2.4 9 cards

Supply
2.5 9 cards

Price determination
2.6 10 cards

Price elasticity of demand
2.7 9 cards

Price elasticity of supply
2.8 9 cards

Market economic system
2.9 9 cards

Market failure
2.10 10 cards

Mixed economic system

Unit 3

3.1 9 cards

Money and banking
3.2 9 cards

Households
3.3 9 cards

Workers
3.4 9 cards

Trade unions
3.5 10 cards

Firms
3.6 9 cards

Firms and production
3.7 10 cards

Firms' costs, revenue and objectives
3.8 9 cards

Market structure

Unit 4

4.1 9 cards

Government role in economy
4.2 10 cards

Macroeconomic aims
4.3 10 cards

Fiscal policy
4.4 9 cards

Monetary policy
4.5 8 cards

Supply-side policy
4.6 9 cards

Economic growth
4.7 10 cards

Employment and unemployment
4.8 10 cards

Inflation and deflation

Unit 5

5.1 9 cards

Living standards
5.2 9 cards

Poverty
5.3 9 cards

Population
5.4 9 cards

Differences in economic development

Unit 6

6.1 9 cards

International specialisation
6.2 9 cards

Globalisation and multinational companies
6.3 10 cards

Free trade and protection
6.4 9 cards

Foreign exchange rates
6.5 10 cards

Balance of payments

About These Flashcards

These flashcards are designed specifically for Cambridge IGCSE Economics (0455) students. Each card is based on official syllabus content and mark scheme requirements.

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