# 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif ## Economics O Level Topical Paper 142 Economics O Level Paper 2 [**Topical Past Papers**](https://readnwrite.org/product/business-a-level-paper-1-topical/) by [**Imran Latif**](https://readnwrite.org/product/article-no-143-economics-o-level-revision-notes-series-by-imran-latif/) is a highly beneficial book designed to assist students in their preparation for the O Level Economics Paper 2 exam. This comprehensive collection comprises a wide range of past papers that cover key topics including national income, inflation, unemployment, economic growth, and international trade. Each section of the book contains multiple past papers, accompanied by detailed mark schemes that offer comprehensive explanations on how the papers should be assessed. ## Key Features: 1\. Comprehensive Collection: The book encompasses a diverse range of past papers, ensuring coverage of all vital topics specified in the O Level Economics Paper 2 syllabus. 2\. Topic Relevance: The past papers included in the book align closely with the subject matter and question types encountered in the actual exam, providing students with targeted preparation. 3\. Mark Schemes: Each past paper is accompanied by a detailed mark scheme, offering students in-depth explanations and guidance on the marking criteria. 4\. Exam Practice: Students can engage in extensive practice by attempting the past papers, helping them familiarize themselves with the exam format, time constraints, and question styles. 5\. Performance Evaluation: The mark schemes enable students to assess their own answers and identify areas for improvement, allowing them to refine their exam techniques and enhance their overall performance. ## Economics O/IGCSE Level Paper 2 Topical Worked Solutions By Imran Latif - All Variants included - Questions order from new to old - According to the new syllabus - Classified to subtopics ### TABLE OF CONTENT **UNIT 1: BASIC ECONOMIC PROBLEM** 1.1: Factors of production 1.2: Opportunity cost 1.3: The nature of the economic problem 1.4: Production possibility curve **UNIT 2: DEMAND SUPPLY AND EQUILIBRIUM** 2.1: Demand 2.2: Market equilibrium & price changes **UNIT 3: ELASTICITY** 3.1: Meaning and determinants price elasticity of demand (PED) 3.2: Significance price elasticity of demand (PED) for producers 3.3: Significance price elasticity of demand (PED) for government 3.4: Meaning and determinants of price elasticity of supply (PES) 3.5 Significance of price elasticity of supply (PES) **UNIT 4: ECONOMIC SYSTEMS** 4.1: Private and public sector 4.2: Types of economic systems 4.3: Privatisation **UNIT 5: MARKET FAILURE** 5.1: Definitions of market failure 5.2: Causes of market failure 5.3: Government intervention to address market failure 5.4: Government policies and their limitations **UNIT 6: MONEY AND BANKING** 6.1: Functions of money 6.2: Function of central bank 6.3: Function of commercial bank **UNIT 7: HOUSEHOLDS** 7.1: Motives to spend or save 7.2: Spending patterns 7.3: Economics systems & allocation of resources **UNIT 8: WORKERS** 8.1: Factors affecting choice of occupation 8.2: Wage determination 8.3: Differences in earnings 8.4: Division of labour and specialization 8.5: Trade unions 8.6: Types of payments 8.7: Changes in earning in lifetime **UNIT 9: FIRMS** 9.1: Classification of firms 9.2: Small firms 9.3: Causes and forms of growth of firms 9.4: Economies & diseconomies of scale **UNIT 10: FIRMS AND PRODUCTION** 10.1: Primary, secondary & tertiary sectors 10.2: Labour intensive vs capital intensive method 10.3: Productivity **UNIT 11: FIRM’S COSTS, REVENUE AND OBJECTIVES** 11.1: Definitions and calculations of costs of production 11.2: Objectives of firms 11.3: Govt microeconomic intervention **UNIT 12: MARKET STRUCTURES** 12.1: Market structures 12.2: Are monopolies are always bad for consumers? 12.3: Money & banking **UNIT 13: MACROECONOMIC AIMS OF GOVERNMENT** 13.1: Macroeconomic concepts 13.2: THE MACROECONOMIC AIMS OF GOVERNMENT 13.3: Conflicts of macroeconomic aims 13.4: Most important macroeconomic aims **UNIT 14: MACROECONOMIC POLICIES** 14.1: Government budget and fiscal policy 14.2: Reasons for government spending 14.3: Reasons for taxation 14.4: Classification of taxes – direct and indirect 14.5: Classification of taxes – progressive, regressive and proportional 14.6: Principals of taxation 14.7: Impact of taxation 14.8: Monetary policy 14.9: Supply-side policies **UNIT 15: ECONOMIC GROWTH** 15.1: Meaning and measurement of economic growth 15.2: Causes of economic growth 15.3: Consequences of economic growth 15.4: Policies to promote economic growth 15.5: Conservation of resources **UNIT 16: EMPLOYMENT & UNEMPLOYMENT** 16.1: Meaning of employment, unemployment and full employment 16.2: Causes/types of unemployment 16.3: Consequences of unemployment 16.4: Policies to reduce unemployment **UNIT 17: INFLATION AND DEFLATION** 17.1: Meaning of inflation and deflation 17.2: Measurement of inflation and deflation 17.3: Causes of inflation and deflation 17.4: Consequences of inflation and deflation 17.5: Policies to control inflation and deflation 17.6: Actual value vs percentage value **UNIT 18: ECONOMIC DEVELOPMENT** 18.1: Indicators of living standards 18.2: Absolute vs relative poverty 18.3: THE CAUSES OF POVERTY 18.4: Policies to alleviate poverty and redistribute income 18.5: THE FACTORS THAT AFFECT POPULATION GROWTH 18.6: Ageing population 18.7: THE EFFECTS OF CHANGES IN THE SIZE AND STRUCTURE OF POPULATION 18.8: Differences in economic development between countries **UNIT 19: INTERNATIONAL TRADE AND GLOBALIZATION** 19.1: Specialisation at a national level 19.2: Role of multinational companies (mncs) 19.3: Benefits of free trade 19.4: Methods of protection 19.5: Reasons for and consequences of protection **UNIT 20: FOREIGN EXCHANGE RATES** 20.1: Definition of foreign exchange rate 20.2: Determination of foreign exchange rate in foreign exchange market 20.3: Causes of foreign exchange rate fluctuations 20.4: Consequences of foreign exchange rate fluctuations 20.5: Floating and fixed foreign exchange rates **UNIT 21: CURRENT ACCOUNT OF BALANCE OF PAYMENTS** 21.1: Structure 21.2: Causes of current account deficit and surplus 21.3: Consequences of current account deficit and surplus 21.4: Policies to achieve balance of payments stability **UNIT 22: OTHERS** **SECTION A** M/J 25/P22/Q1 THE FUTURE OF THE ECONOMY OF ST. KITTS AND NEVIS M/J 25/P21/Q1 GABON’S INDUSTRIES AND LABOUR FORCE M/J 25/P23/Q1 THE EGYPTIAN ECONOMY MAR 25/P22/Q1 POPULATION, HOUSEHOLD SPENDING AND POVERTY IN ROMANIA O/N 24/P22/Q1 CHANGES IN JORDAN’s ECONOMY AND POPULATION O/N 24/P23/Q1 THE BELARUS ECONOMY M/J 24/P22/Q1 THE CHALLANGES FACING THE TUNISIAN GOVERNMENT M/J 24/P21/Q1 WHAT DOES THE FUTURE HOLD FOR NICARAGUA? MAR 24/P22/Q1 CHANGES IN THE DANISH ECONOMY O/N 23/P22/Q1 WILL HONDURAS BECOME A MORE SUCCESSFUL ECONOMY O/N 23/P22/Q1 CHANGES IN THE ECONOMY OF MONTENEGRO M/J 23/P22/Q1 HOW WILL OIL CHANGE GUYANA? M/J 23/P21Q1 IS THERE A FUTURE FOR AUSTRALAIN COAL? O/N 22/P22/Q1     BANK MERGERS O/N 22/P23/Q1     CHANGES IN ECUADOR’S ECONOMY M/J 22/P22/Q1     HAPPINESS M/J 22/P21/Q1     CYPRUS O/N 21/P22/Q1     India’s airline industry O/N 21/P23/Q1     Changing eating Habits M/J 21/P21/Q1     CHANGES IN THE NIGERIAN ECONOMY O/N 20/P22/Q1     THE DESTRUCTION OF FORESTS IN INDONESIA O/N 20/P23/Q1     TRAFFIC JAMS IN THE PHILIPPINES M/J 20/P22/Q1     THE CHALLENGES FACING PAKISTAN M/J 20/P21/Q1     VIETNAM’S GROWING POPULATION AND ECONOMY O/N 19/P22/Q1     DRIVERLESS CARS AND ADVANCES IN TECHNOLOGY O/N 19/P23/Q1     A NEW CAPITAL FOR ZAMBIA? M/J 19/P22/Q1     PREMIUM FRIDAY M/J 19/P21/Q1     UNIVERSAL BASIC INCOME (UBI) O/N 18/P22/Q1     RUBBER PRODUCTION IN LIBERIA O/N 18/P23/Q1     NIGERIA ADOPTS A FLOATING EXCHANGE RATE M/J 18/P22/Q1     CRISIS IN THE ICE CREAM MARKET M/J 18/P21/Q1     BANKING AND UNEMPLOYMENT IN MOROCCO O/N 17/P02/Q1     FROM INFLATION TO DEFLATION M/J 17/P02/Q1     Mining diamonds in Botswana O/N 16/P02/Q1     The mints M/J 16/P02/Q1     Crisis in the chocolate market O/N 15/P02/Q1     Mexico: rising to the top? M/J 15/P02/Q1     Peru And Panama O/N 14/P02/Q1     Fiscal Policy And An Ageing Population In Japan M/J 14/P02/Q1     The Challenges Facing Angola O/N 13/P02/Q1     Prices Rise Faster Than Wages In The United Kingdom (Uk) M/J 13/P02/Q1     The Communications Monopoly In Mexico O/N 12/P02/Q1     A New City Is To Be Built In Ghana M/J 12/P02/Q1     China Decides To Move Towards A More Flexible Exchange Rate O/N 11 /P02/Q1    The Struggles Of The Ivory Coast’s Cocoa Farmers M/J 11/P02/Q1 The Dhaka Stock Exchange Is Doing Well ## Details - **Price:** 2020.0 PKR - **Vendor:** Read & Write - **Tags:** Economics, IGCSE, IGCSE Economics, O Level, O Level Economics, P2 ## Variants | Variant | Price | Available | |---------|-------|-----------| | Default Title | 2020.00 PKR | In stock | ## Images - 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif - 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif - 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif - 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif - 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif - 142 Economics OLevel/IGCSE Paper 2 Topical Worked Solutions By Imran Latif --- > Source: [Read and Write Publications](https://readnwrite.org/products/economics-o-level-p-2-topical) > Updated: 2026-09-25