IGCSEEconomicsCambridge (CIE)Exam Questions

Cambridge (CIE) IGCSE Economics
Exam Questions By Topic

Exam code: 0455 & 0987

Past paper and exam-style questions organised by topic, with student-friendly answers written by teachers and examiners.

Syllabus Edition

First teaching 2025

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First exams 2027

The Basic Economic Problem
4 hours105 questions
- The Nature of the Basic Economic Problem
  Finite Resources & Infinite Wants, Resource Allocation Decisions
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- Factors of Production
  Factors of Production and Their Rewards
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- Opportunity Cost
  The Concept of Opportunity Cost
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- Production Possibility Curve (PPC) Diagrams
  Production Possibility Curves, Movements Along and Shifts of the PPC
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The Allocation of Resources
12 hours293 questions
- The Role of Markets in Allocating Resources
  How Markets Work
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- Demand
  Individual & Market Demand, Movements Along & Shifts of the Demand Curve
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- Supply
  Individual & Market Supply, Movements Along & Shifts of the Supply Curve
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- Price Determination
  The Price Mechanism, Market Equilibrium and Disequilibrium
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- Price Changes
  Causes & Consequences of Price Changes
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- Price Elasticity of Demand (PED)
  Calculation & Determinants of PED, PED, Consumer Expenditure and Firms’ Revenue, The Significance of PED for Different Stakeholders
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- Price Elasticity of Supply (PES)
  Calculation & Determinants of PES
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- Market Economic System
  Understanding the Market Economic System
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- Market Failure
  Market Failure Terminology, Causes & Consequences of Market Failure, Solutions to Market Failure: Maximum & Minimum Prices, Solutions to Market Failure: Indirect Taxation & Subsidies, Solutions to Market Failure: Other Solutions
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- Mixed Economic System
  Understanding the Mixed Economic System
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Microeconomic Decision-Makers
11 hours238 questions
- Money & Banking
  Understanding Money, Central & Commercial Banks
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- Households
  Spending, Saving & Borrowing
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- Workers
  Factors Affecting the Choice of Occupation, Wage Determination, Labour Market Diagrams, National Minimum Wages (NMW), Wage Differentials, The Mobility of Labour, Division of Labour & Worker Specialisation
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- Firms
  Different Types of Firms, Small Firms and Large Firms, Mergers, Economies & Diseconomies of Scale
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- Firms & Production
  Demand for Factors of Production, Labour-Intensive & Capital-Intensive Production, Production & Productivity
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- Firms' Costs, Revenue & Objectives
  Costs of Production, Revenue, The Objectives of Firms
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- Types of Markets
  Competitive Markets, Monopoly Markets
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Government & the Macroeconomy
14 hours276 questions
- Government Macroeconomic Intervention
  Macroeconomic Aims, Conflicts Between Macroeconomic Aims
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- Fiscal Policy
  The Government Budget, Taxation, Fiscal Policy Measures
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- Monetary Policy
  Monetary Policy Measures
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- Supply-Side Policy
  Supply-Side Policy Measures, The Effects of Supply-Side Policies on Macroeconomic Aims
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- Economic Growth
  Measuring Economic Growth, Causes & Consequences of Economic Growth, Causes & Consequences of Recession, Policies to Promote Economic Growth
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- Employment & Unemployment
  Measuring Unemployment, The Types & Consequences of Unemployment, Policies Used To Reduce Unemployment
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- Inflation
  Measuring Inflation, Causes & Consequences of Inflation, Policies to Control Inflation
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Economic Development
7 hours143 questions
- Living Standards
  Indicators of Living Standards, Comparing Living Standards
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- Poverty
  The Causes of Poverty, Policies to Alleviate Poverty
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- Population
  Population Growth, Effects of Changing Population Sizes
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- Differences in Economic Development Between Countries
  Causes and Consequences of International Differences
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International Trade & Globalisation
7 hours147 questions
- Specialisation & Free Trade
  Specialisation by Country, Free Trade
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- Globalisation & Trade Restrictions
  Globalisation, The Role of Multinational Companies (MNCs), Reasons for Trade Restrictions, Types of Trade Restrictions
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- Foreign Exchange Rates
  Understanding Foreign Exchange Rates, Floating Exchange Rates, Consequences of Changes in Foreign Exchange Rates
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- Current Account of the Balance of Payments
  Components of the Current Account, Deficits & Surpluses, Stabilisation Policies
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