Cambridge (CIE) O Level Economics Exam Questions By Topic

Finite Resources & Infinite Wants, Resource Allocation Decisions

Factors of Production and Their Rewards

The Concept of Opportunity Cost

Production Possibility Curves, Movements Along and Shifts of the PPC

How Markets Work

Individual & Market Demand, Movements Along & Shifts of the Demand Curve

Individual & Market Supply, Movement Along & Shifts of the Supply Curve

The Price Mechanism, Market Equilibrium and Disequilibrium

Causes & Consequences of Price Changes

Calculation & Determinants of PED, PED, Consumer Expenditure and Firms’ Revenue, The Significance of PED for Different Stakeholders

Calculation & Determinants of PES

Understanding the Market Economic System

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

Understanding the Mixed Economic System

Understanding Money, Central & Commercial Banks

Spending, Saving & Borrowing

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

Different Types of Firms, Small Firms and Large Firms, Mergers, Economies & Diseconomies of scale

Demand for Factors of Production, Labour-intensive & Capital-intensive Production, Production & Productivity

Costs of production, Revenue

Competitive Markets

Macroeconomic Aims, Conflicts Between Macroeconomic Aims

The Government Budget, Taxation, Fiscal Policy Measures

Monetary Policy Measures

Supply-side Policy Measures, The Effects of Supply-Side Policies on Macroeconomic Aims

Measuring Economic Growth, Causes & Consequences of Economic Growth, Causes & Consequences of Recession, Policies to Promote Economic Growth

Measuring Unemployment, The Types & Consequences of Unemployment, Policies Used To Reduce Unemployment

Measuring Inflation, Causes & Consequences of Inflation, Policies to Control Inflation

Indicators of Living Standards, Comparing Living Standards

The Causes of Poverty, Policies to Alleviate Poverty

Population Growth, Effects of Changing Population Sizes

Causes and Consequences of International Differences

Specialisation by Country, Free Trade

Globalisation, The Role of Multinational Companies (MNCs), Reasons for Trade Restrictions, Types of Trade Restrictions

Understanding Foreign Exchange Rates, Floating Exchange Rates, Consequences of Changes in Foreign Exchange Rates

Components of the Current Account, Deficits & Surpluses, Stablisation Policies