Cambridge IGCSE Economics
2The allocation of resources
In this topic
Lessons
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Markets and the price mechanism
28 min
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Market equilibrium, shortages and surpluses
25 min
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Price changes and the new equilibrium
30 min
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Price elasticity of supply
30 min
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The market economic system
22 min
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Market failure: public, merit and demerit goods
25 min
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Private, external and social costs and benefits
30 min
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Price elasticity of demand: calculating and interpreting PED
30 min
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Demand and the law of demand
25 min
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Supply and the law of supply
25 min
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Planned and mixed economies
28 min
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What makes demand elastic or inelastic
20 min
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Maximum and minimum prices (price ceilings and floors)
30 min
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Changes in demand and changes in quantity demanded
25 min
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Changes in supply and changes in quantity supplied
25 min
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Indirect taxes and subsidies in product markets
30 min
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PED, consumer spending and total revenue
30 min
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Regulation, privatisation, nationalisation and direct provision
25 min
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