Each chapter keeps explanations, definitions and exam advice together—without mixing in quizzes or practice questions.
CHAPTER 1
The basic economic problem
Explain scarcity, choice, opportunity cost and production possibility curves.
Opportunity cost is the next best alternative forgone.
CHAPTER 2
Allocation of resources
Use demand, supply, equilibrium and elasticity to analyse market changes.
A shift of a curve is different from movement along a curve.
CHAPTER 3
Microeconomic decision makers
Study households, workers, firms, production, costs, revenue and market structures.
Use marginal thinking when explaining decisions at the edge.
CHAPTER 4
Government and the macroeconomy
Evaluate aims and policies involving growth, employment, inflation and redistribution.
A policy may improve one objective while worsening another.
CHAPTER 5
Economic development
Compare living standards, poverty, population change and development indicators.
Real GDP per head is useful but does not show income distribution.
CHAPTER 6
International trade
Explain specialisation, trade, protection, exchange rates and current account outcomes.
A currency depreciation makes exports cheaper and imports dearer.