IGCSE Economics 0455 Study Guide
The IGCSE Economics 0455 Study Guide is a complete revision resource for Economics in the Cambridge IGCSE programme. It helps students understand how an economy works, from the decisions of individuals and firms to government policy.
$29.00- Programme
- Cambridge IGCSE
- Subject
- Economics (0455)
- Level
- Core & Extended
- Pages
- 350 pages
- Language
- English (bilingual terms)
About this guide
Closely following the 0455 syllabus, it covers both microeconomics and macroeconomics: the market mechanism, consumer and firm behaviour, the role of government, and on to inflation, unemployment, international trade and economic development.
It is an excellent bridge to economic thinking in English, developing skills in analysis and evidence-based argument - an important foundation for A-Level Economics, Business and Economics or Management degrees.
What is inside
- The basic economic problem: scarcity, choice and opportunity cost
- The market mechanism: demand, supply and how prices are set
- Elasticity of demand and supply, and market failure
- Firms: costs, revenue, scale of production and competition
- The role of government: taxation, public spending and macroeconomic objectives
- Inflation, unemployment and economic growth
- International trade, exchange rates and the balance of payments
- Economic development, plus a set of practice questions with guidance
Who this guide is for
- Students following the Cambridge IGCSE Economics 0455 course
- Anyone planning to take A-Level Economics, Business or an Economics-related degree
- Self-study learners who want to grasp economic thinking in English
- Parents looking for a resource to steer their child towards Economics and Finance
- Teachers who need real-world examples and syllabus-aligned questions
How to use this guide
- Master the microeconomic concepts (demand and supply) before moving on to macroeconomics
- Learn to draw and analyse demand-and-supply diagrams fluently - this is a core skill
- Connect the theory to real-world economic examples from your own country and around the world
- Practise writing analysis and evaluation answers with balanced, two-sided argument
- Build a bilingual economics glossary so you use terms precisely in the exam
- Work through past papers by question type and keep close to the Cambridge mark scheme
Questions about this guide
Do I need to be good at maths to study Economics 0455?
You don't need advanced maths. The subject mainly calls for analytical thinking, reading demand-and-supply diagrams, and a few basic calculations such as elasticity or percentages.
How does the book help with evaluation questions in the exam?
It shows you how to argue both sides and reach a well-founded conclusion - the key skill for scoring highly on the analysis and evaluation questions in Paper 2.