0455 Topical Ms

Unit 1: Basic Economic
Problem
Marks scheme
Paper 1
Exam board Cambridge IGCSE
Subject Economics
Topics Basic economic problem: choice and the

allocation of resources
• Economic Problem
• Factors of Production
• Opportunity Cost
• Resource Allocation
• Choice
• Production Possibility Curve
Unit 1: Basic Economic Problem
Basic economic problem: choice and the allocation of resources
• Economic Problem
• Factors of Production
• Opportunity Cost
• Resource Allocation
• Choice
• Production Possibility Curve
May/June 2010/ 11
May/June 2010/ 12 &13
October/November 2010/ 12
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2016/12
Unit 2 - The allocation
of resources
Mark Schemes
Paper 1
Subject Economics
Topics The allocation of resources: how the market
works; market failure
• market and mixed economic systems

• demand and supply analysis
• price elasticity
• market failure
• social and private costs and benefits.
Unit 2 - The allocation of resources
The allocation of resources: how the market works; market failure
• market and mixed economic systems

• demand and supply analysis
• price elasticity
• market failure
• social and private costs and benefits.
May/June 2010/11
May/June 2010/ 12 &13
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2016/12
UNIT 2: The allocation of
resources: how the market
works; market failure
Mark Schemes
Paper 2

Subject Economics
Topics The allocation of resources

0455/21/M/J/15
0455/22/M/J/15
0455/23/M/J/15
0455/21/M/J/16
0455/22/M/J/16
0455/23/M/J/16
0455/22/O/N/16
0455/21/O/N/15
0455/22/O/N/15
0455/21/M/J/14
0455/22/M/J/14
0455/23/M/J/14
0455/21/O/N/14
0455/22/O/N/14
0455/23/O/N/14
0455/22/M/J/13
0455/23/M/J/13
0455/21/O/N/13
0455/22/O/N/13
0455/23/O/N/13
0455/22/M/J/12+ 0455/23/M/J/12
0455/22/O/N/12
0455/23/O/N/12
0455/22/M/J/11
0455/22/M/J/11 + 0455/23/M/J/11
0455/21/O/N/11
0455/22/O/N/11
0455/23/O/N/11
Unit 4 – The private firm
as producer and
employer
Mark Schemes
Paper 1

Subject Economics
Topics The private firm as producer and

employer
• types and sizes of business

organisation
• demand for factors of production
• costs and revenue
• profit maximisation and other
business goals
• perfect competition
• monopoly
• advantages and disadvantages
of increased scale.
Unit 4 – The private firm as producer and employer
The private firm as producer and employer
• types and sizes of business organisation

• demand for factors of production
• costs and revenue
• profit maximisation and other business goals
• perfect competition
• monopoly
• advantages and disadvantages of increased scale.
May/June 2010/11
May/June 2010/ 12 &13
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2016/12
UNIT 5: 6.5 Role of
government in an
economy
Mark Schemes
Paper 2

Subject Economics
Topics Role of government in economy

UNIT 5: 6.5 Role of government in an economy
0455/22/M/J/15
0455/22/M/J/15
0455/21/M/J/15
0455/21/M/J/15
0455/21/M/J/16
0455/23/M/J/16
0455/22/O/N/16
0455/21/O/N/15
4550/22/O/N/15
0455/22/M/J/14
0455/22/M/J/14
0455/23/M/J/14
0455/23/O/N/14
0455/22/M/J/13
0455/22/O/N/13
0455/21/M/J/12
0455/22/M/J/12+ 0455/23/M/J/12
0455/22/O/N/12
0455/23/O/N/12
0455/22/O/N/11
0455/23/O/N/11
UNIT 4: The individual as
producer, consumer and
borrower
Mark Schemes
Paper 2
Subject Economics
Topics The private firm as producer and employer

0455/22/M/J/15
0455/23/M/J/2015
0455/22/M/J/2016
0455/22/O/N/16
0455/21/O/N/15
0455/21/M/J/14
0455/22/M/J/14
0455/23/M/J/14
0455/21/O/N/14
0455/22/O/N/14
0455/23/O/N/14
0455/21/M/J/13
0455/21/O/N/13
0455/22/O/N/13
0455/23/O/N/13
0455/21/M/J/12
0455/22/M/J/12+ 0455/23/M/J/12
0455/21/O/N/12
0455/22/O/N/12
0455/21/M/J/11
0455/22/M/J/11 + 0455/23/M/J/11
0455/21/O/N/11
0455/22/O/N/11
0455/23/O/N/11
Unit 5 - Role of
government in
economy
Mark Schemes
Paper 1

Subject Economics
Topics Role of government in economy
• government as a producer and an

employer
• aims of government economic policy
• fiscal, monetary and supply-side policies
• types of taxation
• possible policy conflicts
• government’s influence on private
producers.
Unit 5 - Role of government in economy
Role of government in economy
• government as a producer and an employer

• aims of government economic policy
• fiscal, monetary and supply-side policies
• types of taxation
• possible policy conflicts
• government’s influence on private producers.
May/June 2010/11
May/June 2010/ 12 &13
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2016/12
Unit 6 -
Economic
indicators
Mark Schemes
Paper 1

Subject Economics
Topics Economic indicators
• price indices
• inflation and deflation
• employment and unemployment
• GDP, economic growth and recession
• GDP and other measures of living
standards.
.
Unit 6 - Economic indicators
Economic indicators
• price indices
• inflation and deflation
• employment and unemployment
• GDP, economic growth and recession
• GDP and other measures of living standards.
May/June 2010/11
May/June 2010/ 12 &13
May/June 2011/12
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2015/12
May/June 2016/12
UNIT 6: Economic
Indicators
Question Paper
Paper 2

Subject Economics
Topics Economic Indicators

UNIT 6: Economic Indicators
0455/22/M/J/15
0455/23/M/J/15
0455/21/M/J/16
0455/21/M/J/16
0455/22/M/J/16
0455/23/M/J/16
0455/22/O/N/16
0455/22/O/N/16
0455/21/O/N/15
0455/21/M/J/14
0455/22/M/J/14
0455/23/M/J/14
0455/22/O/N/14
0455/23/O/N/14
0455/21/M/J/13
0455/23/M/J/13
0455/21/M/J/12
0455/21/O/N/12
0455/22/O/N/12
0455/21/M/J/11
0455/22/M/J/11 + 0455/23/M/J/11
0455/21/O/N/11
0455/22/O/N/11
Unit 7 - Developed and
developing economies
Marks scheme
Paper 1

Subject Economics
Topics Developed and developing economies:

trends in production, population and
living standards
• developed and developing countries

• absolute and relative poverty
• alleviating poverty
• population growth
• differences in living standards.
Unit 7 - Developed and developing economies
Developed and developing economies: trends in production, population and

living standards
• developed and developing countries

• absolute and relative poverty
• alleviating poverty
• population growth
• differences in living standards.
May/June 2010/11
May/June 2010/ 12 &13
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2016/12
Unit 8 -
International
aspects
Mark Schemes
Paper 1

Subject Economics
Topics International aspects
• specialization
• current account of the balance of
payments
• current account deficits and surpluses
• exchange rate fluctuations
• protectionism and free trade.
Unit 8 - International aspects
International aspects
• specialization
• current account of the balance of payments
• current account deficits and surpluses
• exchange rate fluctuations
• protectionism and free trade.
May/June 2010/11
May/June 2010/ 12 &13
May/June 2011/12
May/June 2012/12
May/June 2013/12
May/June 2014/12
May/June 2015/12
May/June 2016/12
UNIT 8: International
Aspects
Mark Schemes
Paper 2

Subject Economics
Topics International Aspects
UNIT 8: International Aspects
0455/21/M/J/15
0455/22/M/J/15
0455/23/M/J/15
0455/21/M/J/16
0455/22/M/J/16
0455/23/M/J/16
0455/21/O/N/15
0455/21/O/N/15
0455/22/M/J/14
0455/23/M/J/14
0455/21/O/N/14
0455/22/O/N/14
0455/23/O/N/14
0455/21/M/J/13
0455/22/M/J/13
0455/21/O/N/13
0455/22/O/N/13
0455/23/O/N/13
0455/21/M/J/12
0455/21/O/N/12
0455/22/O/N/12
0455/23/O/N/12
0455/21/M/J/11
0455/21/O/N/11
0455/22/O/N/11
0455/23/O/N/11

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Unit 1: Basic Economic

Exam board Cambridge IGCSE

Topics Basic economic problem: choice and the

Basic economic problem: choice and the allocation of resources

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

• market and mixed economic systems

The allocation of resources: how the market works; market failure

• market and mixed economic systems

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

Topics The allocation of resources

Exam board Cambridge IGCSE

Topics The private firm as producer and

• types and sizes of business

The private firm as producer and employer

• types and sizes of business organisation

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

Topics Role of government in economy

Exam board Cambridge IGCSE

Topics The private firm as producer and employer

Exam board Cambridge IGCSE

Topics Role of government in economy

• government as a producer and an

Role of government in economy

• government as a producer and an employer

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

Topics Economic Indicators

Exam board Cambridge IGCSE

Topics Developed and developing economies:

• developed and developing countries

Developed and developing economies: trends in production, population and

• developed and developing countries

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

May/June 2010/ 12 &13

Exam board Cambridge IGCSE

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