Features

• Step-by-step lesson plans, including differentiation advice, bring new lesson ideas into your classroom
• Downloadable materials, such as PowerPoint presentations and topic and language worksheets, save lesson planning time
• Common misconceptions help address student misunderstandings and support every learner
• Language support for each lesson with guidance on key terms supports English as a second language learners
• Answers to coursebook and workbook exercises
• Your digital teacher’s resource gives you access to everything you need - choose from editable Word files or PDFs to make lesson planning simple
• Download supporting files for each unit or lesson directly from the resource so you’ll never have to worry about internet connection
• Access all your Cambridge GO resources anytime, anywhere and create your own collection in ‘My Resources’ 

CONTENTS

• Download complete Teacher's Resource
• Introductory material
• Approaches to teaching and learning
• 1 Scarcity, choice and opportunity cost
• 2 Economic methodology
• 3 Factors of production
• 4 Resource allocation in different economic systems
• 5 Production possibility curves
• End-of-unit 1 exam-style questions – Answers
• 6 Classification of goods and services
• 7 Demand and supply curves
• 8 Price elasticity, income elasticity and cross-elasticities of demand
• 9 Price elasticity of supply
• 10 The interaction of demand and supply
• 11 Consumer and producer surplus
• End-of-unit 2 exam-style questions – Answers
• 12 Reasons for government interventions in markets
• 13 Methods and effects of government interventions in markets
• 14 Addressing income and wealth inequality
• End-of-unit 3 exam-style questions – Answers
• 15 National income statistics
• 16 Introduction to the circular flow of income
• 17 Aggregate demand (AD) and aggregate supply (AS) analysis
• 18 Economic growth
• 19 Unemployment
• 20 Price stability
• End-of-unit 4 exam-style questions – Answers
• 21 Government macroeconomic policy objectives
• 22 Fiscal policy
• 23 Monetary policy
• 24 Supply-side policy
• End-of-unit 5 exam-style questions – Answers
• 25 The reasons for international trade
• 26 Protectionism
• 27 Current account of the balance of payments
• 28 Exchange rates
• 29 Policies to correct imbalances in the current account of the balance of payments
• End-of-unit 6 exam-style questions – Answers
• 30 Utility
• 31 Indifference curves and budget lines
• 32 Efficiency and market failure
• 33 Private costs and benefits, externalities and social costs and benefits
• 34 Types of cost, revenue and profit, short-run and long-run production
• 35 Different market structures
• 36 Growth and survival of firms
• 37 Differing objectives and policies of firms
• End-of-unit 7 exam-style questions – Answers
• 38 Government policies to achieve efficient resource allocation and correct market failure
• 39 Equity and redistribution of income and wealth
• 40 Labour market forces and government intervention
• End-of-unit 8 exam-style questions – Answers
• 41 The circular flow of income
• 42 Economic growth and sustainability
• 43 Employment and unemployment
• 44 Money and banking
• End-of-unit 9 exam-style questions – Answers
• 45 Government macroeconomic policy objectives
• 46 Links between macroeconomic problems and their interrelatedness
• 47 Effectiveness of policy options to meet all macroeconomic objectives
• End-of-unit 10 exam-style questions – Answers
• 48 Policies to correct disequilibrium in the balance of payments
• 49 Exchange rates
• 50 Economic development
• 51 Characteristics of countries at different levels of development
• 52 Relationship between countries at different levels of development
• 53 Globalisation
• End-of-unit 11 exam-style questions – Answers
• 54 Preparing for assessment
• Acknowledgements