Cambridge IGCSE Economics
3Microeconomic decision-makers
In this topic
Lessons
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Households: spending, saving and borrowing
25 min
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Workers and the choice of occupation
25 min
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Competitive markets and perfect competition
30 min
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Costs of production: fixed, variable, total and average costs
35 min
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Demand for factors and labour- or capital-intensive production
25 min
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Private and public sector firms and public corporations
30 min
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Stages of production and value addition
25 min
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Barter and money: forms, functions and characteristics
30 min
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Commercial banks, other financial institutions and the central bank
30 min
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Small and large firms, growth and mergers
35 min
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Monopoly
30 min
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Production and productivity
30 min
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Revenue: total, average and marginal revenue
30 min
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Demand for and supply of labour: how wages are determined
30 min
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Trade unions, employers and government in wage setting
30 min
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Economies and diseconomies of scale
35 min
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Objectives of firms
25 min
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Wage differentials: why wages differ
30 min
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Occupational and geographical mobility of labour
25 min
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Specialisation and the division of labour
25 min
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