IGCSE Economics Revision: Units 1 - 3 Breakdown
- Author
- Riley
- Published
- Wed 04 Jun 2025
- Episode Link
- https://podcasters.spotify.com/pod/show/riley-loader1/episodes/IGCSE-Economics-Revision-Units-1---3-Breakdown-e33pg8g
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.
