I dont think allocative efficiency and productive efficiency are in the new syllabus.
2.9 Paper 1 Exam Practice QuestionsDear John The syllabus for Unit 4.4.2 states that monetary policy measures (only) include: changes in interest rates, money supply, and foreign exchange rates. Unlike the IB Economics syllabus, IGCSE students do not need to learn about reserve...
4.4.3 - Effects of monetary policy on government macroeconomic aimsUnder expansionary monetary policy above, would't you include a reduction in the reserve ratio since commercial banks would then be able to lend more money etc etc? On another point, does an increase in money supply reduce interest rates? {On the...
4.4.3 - Effects of monetary policy on government macroeconomic aimsDear John Thanks for the notification. The hyperlinks have been fixed. For reference, hyperlinks can also be accessed from the left hand side of the site page: With...
2.2 DemandDear John As with all resources, please use your professional judgement. Whilst they may not be familiar with all topics or terms when first encountering this task, it does not mean they cannot identify the correct answer. Also, students should...
Unit 2.3 Paper 1 Exam QuestionsThere are questions in here which require having covered the Supply curve.
Unit 2.3 Paper 1 Exam QuestionsPlease can you check the hyper links from 221, 222 and 223
2.2 DemandDear Agri Thank you for your message. Please note this site page is for the legacy guide (final exams 2026). For the new syllabus, the site page is here: https://thinkigcse.net/economics/page/63205/27-price-elasticity-of-supply (and indeed...
2 Resource allocation
John
In Paper 1 worked example, market failure is not studies until 2.9
2.8.2 Arguments for/against market economic system