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Thank you Alex!

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10/06/21

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Textbook page191, decide which are fixed and which are variable costs of a bakery.

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Textbook page 191 Group activity 1

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10/06/21

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Cost of production

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Cost of production

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1. Everybody needs to have submitted 3 mind maps each. Please upload all 3 mind maps in one padlet as Bell-work.
2. Please read other mind maps and put constructive and positive comments in sentence for at least 5 of them.

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Firms and production

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Workers

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Household

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firms

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04/06/21

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Practice MCQs     04.06/21

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Topical MCQs - IGCSE Economics - 2.4 - Supply

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Practice MCQs       04/06/21

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Topical MCQs - IGCSE Economics - 2.3 - Demand

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Practice MCQs           04/06/21

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Topical MCQs - IGCSE Economics - 2.2 - The Role of Markets in Allocating Resources

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Section 3 Microeconomic decision makers.

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Price elasticity of demand

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03/06/2021

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Price elastic of supply

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demand

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03/06/21

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03/06/21

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03/06/21                                         End of year examinations:- 

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03/06/21                                         End of year examinations:- 

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Grade 9 - Economics
Paper 1 :- MCQs
Multiple choice questions - 1 hour
Paper 2:- Structured questions - 1 hour
Chapter 1 to 21.

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Specimen paper 2020
03/06/21

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03/06/21

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The Basic Economic Problem | Economics (0455) Theory | CAIE IGCSE | ZNotes

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Free CAIE IGCSE Economics (0455) Theory The Basic Economic Problem summarized revision notes written for students, by students. Complete and updated to the latest syllabus.

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03/06/21

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Practice MCQs           03/06/21

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Topical MCQs - IGCSE Economics - 1.4 - Production Possibility Curve Diagams (PPC) (2)

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Practice MCQs           03/06/21

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Topical MCQs - IGCSE Economics - 1.3 - Opportunity Cost (2)

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Practice MCQs           03/06/21

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Topical MCQs - IGCSE Economics - 1.2 - Factors of Production (2)

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Practice MCQs           03/06/21

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Topical MCQs - IGCSE Economics - 1.1 - The Nature of the Economic Problem (2)

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Specimen Paper  2014           03/6/21

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factors of production

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Revision         02/06/21                            Please complete the bell work and the mind map and upload both of them on the padlet. Also read other mind maps on other topics.   

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Revision         02/06/21                            Please complete the bell work and the mind map and upload both of them on the padlet. Also read other mind maps on other topics.   

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I will upload some MCQ questions for practice for Section 1 and you should attempt them today evening and if have queries, can discuss with me tomorrow.

Rajeev

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Advantage of labour intensive: The cost of labour is lower at large population country, so there is a high supply.Large amount of workers can have more methods to improve productions. Advantage of capital intensive: Capital intensive can result in higher output at a lower average cost, and prevent human error.

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Advantages of labour intensive：
1.Workers can be more flexible.
2.The labour of forces can be adjusted.
3.The quantity of labour will be improved.

Advantages of capital intensive：
1.The cost of labour will be low.
2.The efficiency of capital intensive is higher than the labour intensive.
3.The machines can avoid many errors than workers.

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Advantages of labour intensive: The quality of labour can be improved. Such as better education, better training, more experience and better healthcare.
Advantages of capital intensive: The more efficiency work.

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Advantages of labour intensive: the workers can be more flexible
in terms of what they do and the size of the labour force can be adjusted by small amounts.Also can improve the quality of labour.
Advantages  of capital intensive:
when long run average cost of capital intensive production is lower than labour intensive production.

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Advantages of labour intensive：
workers can be more flexible in terms of what they do and the size of the labour force can be adjusted by small amounts, workers can also provides feedback on how to improve production methods and the quality of products. workers are more flexible  than  the size of the capital
Advantage of capital intensive:
the efficiency of the capital intensive is higher than the labour intensive
The cost of the capital intensive production is lower than the Labour intensive

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Adv of labour intensive:

The size of the labour force can be adjusted by small amounts;

Works can be more flexible compared to capitals
For helping to reduce unemployment rate, labour intensive is a good choice.
Labour are able to give feedback on how to improve production methods and the quality of products

Adv of capital intensive:

The efficiency of capitals is usually higher

Capital goods are more affordable and more productive.
Using capital goods to take the place of workers can avoid human error up to a point.

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The advantages of labour intensive:
1.Workers are more flexible as the size of the labour force can be adjusted by small amounts.
2.Labour can also provide feedback on how to improve production methods and the quality of products.
3.Customers are prefer to pay for hand made things.
The advantages of capital intensive:
1.The advance technology makes capital goods more affordable and productive.
2.Using advance technology is more efficient than labour producing goods.

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Advantages of labour intensive:
1. Labour intensive production is less expensive than capital intensive. production.
2. The size of the labour force can be adjusted.
3. Labour intensive production is more flexible comparing with capital intensive production.
Advantages of capital intensive:
1. Capital intensive production is more accurate.
2. The long run average cost of capital intensive production is lower than labour intensive production.
3. Machine can work round the clock so capital intensive production is more efficient.