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Pearson Edexcel International GCSE Economics (4EC1)

1.1 The market system

1.1.1 The economic problem

1.1.2 Economic assumptions

1.1.3 Demand, supply and market equilibrium

1.1.3.b Movements and shifts on demand curves

1.1.3.c Factors that shift demand

1.1.3.e Movements and shifts on supply curves

1.1.3.f Factors that shift supply

1.1.3.g Equilibrium price and quantity and how they are determined

1.1.3.h Market equilibrium, excess demand and excess supply diagrams

1.1.3.i Calculating and drawing excess demand and excess supply

1.1.3.j Market forces removing excess demand or supply

1.1.4 Elasticity

1.1.5 The mixed economy

1.1.6 Externalities

1.2 Business economics

2.1 Government and the economy

2.2 The global economy

3 Quantitative skills

IGCSE/Edexcel/Economics//Concept/1.1 The market system/1.1.3 Demand, supply and market equilibrium/1.1.3.h Market equilibrium, excess demand and excess supply diagrams

1.1 The market system

Syllabus: 2026
Section: 1.1
Level: —

Exam analysis

Most tested topics

The economic problem
Economic assumptions
Demand, supply and market equilibrium
Elasticity
The mixed economy
Externalities