Economics 0455

Cambridge IGCSE Economics (0455) is designed for learners typically aged 14–16 who want to understand how economic systems operate and how economic agents make decisions. The syllabus introduces core economic concepts, such as scarcity, supply and demand, and market systems, and teaches learners to apply these concepts to real economic events and problems. 

Learners study both microeconomic and macroeconomic principles, including resource allocation, market equilibrium, production, employment, inflation, trade and globalisation. The syllabus develops analytical skills, including the interpretation of data, evaluation of economic arguments and explanation of economic theory and policy. 

The course is structured to build from foundational economic concepts to more complex applied topics. It encourages learners to use economic reasoning to explain current economic issues in a logical and effective manner. 

Cambridge IGCSE Economics prepares learners for further study in business, economics or social sciences at higher levels, including Cambridge International AS & A Level Economics.