Cambridge GCSE Economics revision

Topic 1: The basic economic problem

There are 3 parts: we start with economic foundations and resource allocation, and finish with factors of production and their rewards.

1. 1.1Economic foundations and resource allocationFree 36 questions
2. 1.2Scarcity, choice and opportunity cost36 questions
3. 1.3Factors of production and their rewards45 questions

Topic 2: The allocation of resources

There are 9 parts: we start with demand, supply and price, and finish with government failure and case study evaluation (sugar tax, plastic bag charge or congestion charging).

1. 2.1Demand, supply and price37 questions
2. 2.2Applying supply and demand analysis: a changing market case study (housing, oil or concert tickets)32 questions
3. 2.3Price elasticity of demand: calculating, interpreting and its determinantsFree 29 questions
4. 2.4Price elasticity of supply and income elasticity of demand27 questions
5. 2.5Production, competition and market failure35 questions
6. 2.6Externalities: private and social costs and benefitsFree 57 questions
7. 2.7Public goods, the free-rider problem, and merit and demerit goods43 questions
8. 2.8Information failure and government responses: taxes, subsidies, regulation and maximum and minimum prices44 questions
9. 2.9Government failure and case study evaluation (sugar tax, plastic bag charge or congestion charging)34 questions

Topic 3: Microeconomic decision makers

There are 13 parts: we start with the functions and characteristics of money, and the move to digital payments, and finish with monopoly, oligopoly and concentration ratios.

1. 3.1The functions and characteristics of money, and the move to digital paymentsFree 39 questions
2. 3.2Banks, financial institutions and the role of the central bank40 questions
3. 3.3Saving, borrowing and interest: simple and compound interest calculations58 questions
4. 3.4Economic agents (households, firms, government) and rational decision-making43 questions
5. 3.5The labour market: wages, trade unions and the minimum wage69 questions
6. 3.6Specialisation, division of labour and exchange32 questions
7. 3.7Production and productivity: labour-intensive and capital-intensive methodsFree 37 questions
8. 3.8Fixed, variable, total and average costs: calculations43 questions
9. 3.9Revenue, profit and loss, and break-even: calculations and interpretation50 questions
10. 3.10Economies and diseconomies of scale30 questions
11. 3.11Competitive markets and firms' objectives: profit, market share, survival and social aimsFree 55 questions
12. 3.12Business growth: organic growth, mergers, takeovers and integration39 questions
13. 3.13Monopoly, oligopoly and concentration ratios39 questions

Topic 4: Government and the macroeconomy

There are 7 parts: we start with the national economy and government objectives, and finish with inflation, deflation and the Consumer Prices Index.

1. 4.1The national economy and government objectivesFree 19 questions
2. 4.2Fiscal policy: taxation, government spending and the budget85 questions
3. 4.3Monetary policy: interest rates and the Bank of England50 questions
4. 4.4Supply-side policies and evaluating policy conflicts and trade-offs35 questions
5. 4.5Economic growth, GDP and the economic cycle36 questions
6. 4.6Unemployment: types, causes and measurement79 questions
7. 4.7Inflation, deflation and the Consumer Prices Index: measuring and calculatingFree 61 questions

Topic 5: Economic development

We will go through it step by step.

1. 5.1Distribution of income and wealth, inequality and poverty43 questions

Topic 6: International trade and globalisation

There are 4 parts: we start with globalisation, multinational companies and the benefits and costs of trade, and finish with balance of payments, trade balance and case study of the UK or China's trade.

1. 6.1Globalisation, multinational companies and the benefits and costs of tradeFree 59 questions
2. 6.2Protectionism, tariffs, quotas and trading blocs34 questions
3. 6.3Exchange rates: causes of change and effects on trade75 questions
4. 6.4Balance of payments, trade balance and case study of the UK or China's trade39 questions

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