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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

1.1.4 Elasticity

1.1.5 The mixed economy

1.1.6 Externalities

1.2 Business economics

1.2.1 Production

1.2.2 Productivity and division of labour

1.2.3 Business costs, revenues and profit

1.2.4 Business competition

1.2.5 The labour market

1.2.6 Government intervention

2.1 Government and the economy

2.1.1 Macroeconomic objectives

2.1.1.a Economic growth

2.1.1.b Low and stable inflation

2.1.1.c Low unemployment

2.1.1.d Current account of the balance of payments

2.1.1.e Protection of the environment

2.1.1.f Redistribution of income

2.1.2 Government policies

2.1.3 Relationships between objectives and policies

2.2 The global economy

2.2.1 Globalisation

2.2.2 International trade

2.2.3 Exchange rates

3 Quantitative skills

Graph construction

Quantitative interpretation and decision-making

Question Bank/IGCSE Edexcel Economics/2.1 Government and the economy/2.1.1 Macroeconomic objectives/2.1.1.d Current account of the balance of payments

Edexcel IGCSE Economics 2.1.1.d current account balance

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