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SYLLABUS
Cambridge IGCSE®
Economics

0455
For examination in June and November 2016.
Also for examination in March 2016 for India only.

Cambridge Secondary 2

Changes to syllabus for 2016
This syllabus has been updated. Significant changes to the syllabus are indicated by black vertical
lines either side of the text.

Cambridge International Examinations retains the copyright on all its publications. Registered Centres are
permitted to copy material from this booklet for their own internal use. However, we cannot give permission
to Centres to photocopy any material that is acknowledged to a third party even for internal use within a
Centre.
® IGCSE is the registered ...view middle of the document...

1
6.2
6.3
6.4
6.5
6.6
6.7
6.8

Basic economic problem: choice and the allocation of resources
The allocation of resources: how the market works; market failure
The individual as producer, consumer and borrower
The private firm as producer and employer
Role of government in an economy
Economic indicators
Developed and developing economies: trends in production, population and living standards
International aspects

7. Grade descriptions........................................................................................................ 15
8. Other information ......................................................................................................... 17

Introduction

1.

Introduction

1.1 Why choose Cambridge?
Recognition
Cambridge International Examinations is the world’s largest provider of international education programmes
and qualifications for learners aged 5 to 19. We are part of Cambridge Assessment, a department of the
University of Cambridge, trusted for excellence in education. Our qualifications are recognised by the
world’s universities and employers.
Cambridge IGCSE® (International General Certificate of Secondary Education) is internationally
recognised by schools, universities and employers as equivalent in demand to UK GCSEs. Learn more at
www.cie.org.uk/recognition

Excellence in education
Our mission is to deliver world-class international education through the provision of high-quality curricula,
assessment and services.
More than 9000 schools are part of our Cambridge learning community. We support teachers in over 160
countries who offer their learners an international education based on our curricula and leading to our
qualifications. Every year, thousands of learners use Cambridge qualifications to gain places at universities
around the world.
Our syllabuses are reviewed and updated regularly so that they reflect the latest thinking of international
experts and practitioners and take account of the different national contexts in which they are taught.
Cambridge programmes and qualifications are designed to support learners in becoming:

confident in working with information and ideas – their own and those of others

responsible for themselves, responsive to and respectful of others

reflective as learners, developing their ability to learn

innovative and equipped for new and future challenges

engaged intellectually and socially, ready to make a difference.

Support for teachers
A wide range of materials and resources is available to support teachers and learners in Cambridge schools.
Resources suit a variety of teaching methods in different international contexts. Through subject discussion
forums and training, teachers can access the expert advice they need for teaching our qualifications. More
details can be found in Section 2 of this syllabus and at www.cie.org.uk/teachers

Support for exams officers
Exams officers...

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