Course Content
Course Orientation
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Subject Introduction
Syllabus Overview
Assessment Overview
Learning Resources
About the Preparation Course
Diagnostic Assessment: Economic Knowledge and Analysis
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Introduction to the Diagnostic Section
Understanding Paper 1: Multiple Choice
Understanding Paper 2: Structured Questions
How Marks, Objectives and Grades Work
Whole-Syllabus Refresher
Paper 1 Diagnostic: Multiple Choice
Paper 2 Diagnostic: Data Response and Structured Essays
Your Diagnostic Results and Learning Plan
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
Notes & Resources
Economics 0455 – Subject Introduction – Explanatory Guide.pdf
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