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Ch 21 Economic Issues: complete notes
Neat, exam-ready notebook-style notes for Ch 21 Economic Issues, following the Cambridge IGCSE 0264 syllabus. This chapter is part of the complete IGCSE Business 0264 Complete Notes: All 23 Chapters with Case Studies and Mark Schemes (Cambridge 2027–2029).
Free preview: Ch 21 Economic Issues notes
A quick look at the chapter from our IGCSE Business Studies notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.
Topics in this chapter
- 6.1.1 The business cycle
- Effects of changes in employment, inflation and economic growth
- 6.1.2 Effects of government policy
- Taxes on business profit
- Taxes on people's income
- Changes in government spending
- Changes in interest rates
- How businesses may respond to changes in taxes and interest rates
“I can” checklist: what you must be able to do
- name and describe the four stages of the business cycle
- explain how each stage may affect a particular business
- explain the effects of changes in employment, inflation and economic growth
- calculate and explain the effects of tax changes on profit and on disposable income
- explain the effects of changes in government spending
- calculate and explain the effects of changes in interest rates
- suggest and justify how businesses respond to changes in taxes and interest rates
What is inside the full chapter notes
- Concept notes, figures and 8 worked examples (calculations and model answers)
- Exam skills for Papers 1 and 2; common mistakes from the examiner report
- 20 quick-check multiple-choice questions, explained
- Two Paper 1 style questions and one Paper 2 style case-study question, all with full mark schemes
- Quick-reference table, "I can" checklist
What you get in the pack
- All 23 chapters of the Cambridge IGCSE Business 0264 syllabus (exams 2027–2029): business activity and sectors, enterprise and growth, types of organisation, objectives and stakeholders, human resources, organisation and management, communication, motivation, marketing, market research, the marketing mix, production and technology, sustainability and quality, costs and break-even, location, finance, cash flow, financial statements and ratios, and the economic, international, environmental and ethical influences on business
- Every syllabus statement covered in order, with clear notes, diagrams and real-business style examples drawn for these notes
- Worked examples, case-study exam skills and key definitions in every chapter
- Common mistakes taken from Cambridge examiner reports, so you know where marks are lost
- 20 quick-check MCQs per chapter with answers and explanations
- Original exam-style questions in the style of Paper 1 (short answer and data response) and Paper 2 (case study), with full mark schemes (no past-paper reprints)
- Quick-reference sheet and an "I can" checklist at the end of every chapter
- Colour PDF and a black and white copy of every chapter for printing
- Independent notes; not endorsed by or affiliated with Cambridge University Press & Assessment
All chapters in this pack
- Ch 1 Business Activity and Economic Sectors
- Ch 2 Enterprise, Business Growth and Size
- Ch 3 Types of Business Organisation
- Ch 4 Business Objectives and Stakeholders
- Ch 5 Human Resource Management
- Ch 6 Organisation and Management
- Ch 7 Methods of Communication
- Ch 8 Motivating Employees
- Ch 9 Marketing and the Market
- Ch 10 Market Research
- Ch 11 Marketing Mix: Product and Price
- Ch 12 Marketing Mix: Place, Promotion and Legal Controls
- Ch 13 Production and Technology
- Ch 14 Sustainable Production and Quality
- Ch 15 Costs, Scale of Production and Break-even
- Ch 16 Location Decisions
- Ch 17 Business Finance
- Ch 18 Cash Flow Forecasts
- Ch 19 Profit and Loss and the Statement of Financial Position
- Ch 20 Analysis of Accounts
- Ch 21 Economic Issues
- Ch 22 Business and the International Economy
- Ch 23 Environmental and Ethical Issues and Pressure Groups