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CurriculaIGCSECambridge International ExaminationsEconomics2. The Allocation of Resources

2. The Allocation of Resources

1

2.1 Microeconomics & Macroeconomics

1.1
Differences Between Micro & Macro
2

2.2 The Role of Markets in Allocating Resources

2.1
The (Free) Market System
5

2.5 Price Determination

5.1
Equilibrium & Disequilibrium
7

2.7 Price Elasticity of Demand (PED)

7.1
Calculation & Determinants of PED
8

2.8 Price Elasticity of Supply (PES)

8.1
Calculation, Determinants & Significance of PES
9

2.9 Market Economic System

9.1
The (Free) Market System
10

2.10 Market Failure

10.1
Market Failure Terminology