IGCSE Economics revision checklist

International GCSE · Pearson Edexcel 4EC1

Getting started

• What is economics?Lesson →
• Choices and trade-offsLesson →
• Percentages and percentage changeLesson →
• Reading economic dataLesson →

1.1 The market system

• The economic problemLesson →
• Production possibility curvesLesson →
• Economic assumptionsLesson →
• DemandLesson →
• SupplyLesson →
• Market equilibriumLesson →
• Price elasticity of demandLesson →
• Price elasticity of supplyLesson →
• Income elasticity of demandLesson →
• The mixed economy and market failureLesson →
• Public goods and privatisationLesson →
• ExternalitiesLesson →

1.2 Business economics

• Factors of production and sectorsLesson →
• Productivity and the division of labourLesson →
• Costs, revenue and profitLesson →
• Economies and diseconomies of scaleLesson →
• Competition and firm sizeLesson →
• Monopoly and oligopolyLesson →
• The labour marketLesson →
• Human capital and trade unionsLesson →
• Correcting externalitiesLesson →
• Competition policy and the minimum wageLesson →

2.1 Government and the economy

• Economic growth and GDPLesson →
• The economic cycleLesson →
• Inflation and how it is measuredLesson →
• The effects of inflationLesson →
• UnemploymentLesson →
• The current account of the balance of paymentsLesson →
• Protecting the environmentLesson →
• Redistribution of incomeLesson →
• Fiscal policyLesson →
• Monetary policyLesson →
• Supply-side policies and government controlsLesson →
• Conflicts between objectivesLesson →

2.2 The global economy

• GlobalisationLesson →
• Multinationals and foreign direct investmentLesson →
• Free tradeLesson →
• ProtectionismLesson →
• Trading blocs, the WTO and trade patternsLesson →
• Exchange ratesLesson →