Course Content
Syllabus Overview – Economics 0455 (IGCSE™)
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Course Introduction
Economics 0455 syllabus and exam overview
Textbooks and resources
Set your study goals and strategy
Module 01: The basic economic problem
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1.1 The nature of the economic problem
1.2 The factors of production
1.3 Opportunity cost
1.4 Production possibility curve (PPC) diagrams
Module 02: The allocation of resources
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2.1 Microeconomics & 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)
2.8 Price elasticity of supply (PES)
2.9 Market economic system
2.10 Market failure
2.11 Mixed economic system
Module 03: Microeconomic decision makers
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3.1 Money & banking
3.2 Households
3.3 Workers
3.4 Trade unions
3.5 Firms
3.6 Firms & production
3.7 Firms’ costs, revenue & objectives
3.8 Market structure
Module 04: Government & the macroeconomy
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4.1 The role of government
4.2 The macroeconomic aims of government
4.3 Fiscal policy
4.4 Monetary policy
4.5 Supply-side policy
4.6 Economic growth
4.7 Employment & unemployment
4.8 Inflation & deflation
Module 05: Economic development
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5.1 Living standards
5.2 Poverty
5.3 Population
5.4 Differences in economic development between countries
Module 06: International trade & globalisation
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6.1 International specialisation
6.2 Globalisation, free trade & protection
6.3 Foreign exchange rates
6.4 Current account of balance of payments
Course recap & IGCSE exam success guidelines
Economics 0455
Please complete previous Lesson first
Course Introduction
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