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0455 Paper 1
0455 Paper 1
IGCSE Economics · 1,553 questions in the bank
1
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1. The basic economic problem
All
1.1
The nature of the basic economic problem
31
1.2
Factors of production
43
1.3
Opportunity cost
32
1.4
Production possibility curve (PPC) diagrams
53
2. The allocation of resources
All
2.1
The role of markets in allocating resources
4
2.2
Demand
22
2.3
Supply
21
2.4
Price determination
30
2.5
Price changes
37
2.6
Price elasticity of demand (PED)
42
2.7
Price elasticity of supply (PES)
26
2.8
Market economic system
24
2.9
Market failure
53
2.10
Mixed economic system
32
3. Microeconomic decision-makers
All
3.1
Money and banking
35
3.2
Households
32
3.3
Workers
103
3.4
Firms
69
3.5
Firms and production
34
3.6
Firms' costs, revenue and objectives
72
3.7
Types of markets
31
4. Government and the macroeconomy
All
4.1
Government macroeconomic intervention
19
4.2
Fiscal policy
81
4.3
Monetary policy
38
4.4
Supply-side policy
36
4.5
Economic growth
54
4.6
Employment and unemployment
46
4.7
Inflation
84
5. Economic development
All
5.1
Living standards
37
5.2
Poverty
30
5.3
Population
53
5.4
Differences in economic development between countries
42
6. International trade and globalisation
All
6.1
Specialisation and free trade
30
6.2
Globalisation and trade restrictions
74
6.3
Foreign exchange rates
47
6.4
Current account of the balance of payments
56
2
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