IGCSE Economics
Through Diagrams
Topic 1
The Economic Problem
Circular Flow of Income
Long Run Average Cost Curve
Production Possibility Curve
Topic 2
The Economic Problem
Market Systems
North
Korea
Pure Command
100% Public
Cuba
Relatively
Command
Kuwait
Italy
Mixed
50% Private /
Public
UK
Relatively
Free
USA
Pure Free
100% Private
Topic 3
The Market Mechanism
Movement along the Demand Curve
Shifts in the Demand Curve
Supply Curve
Equilibrium
Topic 4
Elasticity
PED - Elastic
PED - Inelastic
PED & Revenue
Topic 5
Market Failure
Over Consumption
Over production
Under Consumption
Balancing Short V Long Term Growth
Taxes to reduce consumption
Topic 6
Labour Markets
Labour Markets
Topic 8
Market Systems
Monopoly
Perfect Competition
Topic 10
Government and the macro economy
Trade Cycle
Aggregate Supply
Topic 11
Inflation
Demand Pull Inflation
VAT as a cause of Inflation
Supply Side Policies to control Inflation
Topic 12
Unemployment
Real Wage Unemployment
Natural Rate of Unemployment
Demand Deficient Unemployment
Topic 13
Economic Growth & Conflicts of
macro economic objectives
Phillips Curve
Trade off between unemployment & inflation
Topic 16
International Trade
International Trade
SMILE
BRIDES