IGCSE Economics Revision: Units 1 - 3 Breakdown

04/06/2025 30 min

Listen "IGCSE Economics Revision: Units 1 - 3 Breakdown"

Episode Synopsis

Get exam-ready with this focused revision episode covering Units 1 to 3 of IGCSE Economics (0455 syllabus). We cover everything from scarcity and opportunity cost to how markets work and the role of microeconomic decision makers. Perfect for quick study sessions, last-minute prep, or reinforcing key concepts with clear explanations and real-world examples.What we are covering in this episode of Study Revision:Unit 1: The Basic Economic Problem - Scarcity, opportunity cost, and economic agents.Unit 2: Allocation of Resources - Demand and supply, market equilibrium, elasticity, and market failure.Unit 3: Microeconomic Decision Makers - Consumers, firms, workers, trade unions, and banks - how they make decisions and interact in the economy.