IGCSE Economics 0455 Chapter 2 | The allocation of resources | 2023 - 2025 syllabus

Welcome! This is the second video of the new economics series that I decided to make in preparation for the oct/nov exams coming up and the future exams that you may take. In todays video i cover the following topics ( based on the syllabus): 2.1 Microeconomics and macroeconomics** 2.2 The role of markets in allocating resources** 2.3 Demand** 2.4 Supply** 2.5 Price determination** 2.6 Price changes** 2.7 Price elasticity of demand (PED) and Price elasticity of supply (PES)** 2.9 Market economic system** 2.10 Market failure** 2.11 Mixed economic system** Below are some important documents that I have used throughout this course: Economics syllabus: https://www.cambridgeinternational.or... Economics notes: https://igcseaid.com/notes/economics-... Old igcse Economics playlist I made:    • IGCSE Economics 0455 Full Syllabus(older v...   Igcse economics summary:    • All of IGCSE Economics in 9 minutes (summary)   Thanks for watching! Stay tuned for the next chapter!