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Economics (9-1) 0987›Syllabus

IGCSE Economics (9-1) 0987 syllabus

Cambridge's own syllabus, section by section, with every subtopic linked to its questions.

1 · The basic economic problem

1.1 The nature of the basic economic problem 20 1.2 Factors of production 28 1.3 Opportunity cost 23 1.4 Production possibility curve (PPC) diagrams 27

2 · The allocation of resources

2.1 The role of markets in allocating resources 6 2.2 Demand 30 2.3 Supply 15 2.4 Price determination 25 2.5 Price changes 10 2.6 Price elasticity of demand (PED) 21 2.7 Price elasticity of supply (PES) 15 2.8 Market economic system 14 2.9 Market failure 35 2.10 Mixed economic system 5

3 · Microeconomic decision-makers

3.1 Money and banking 30 3.2 Households 20 3.3 Workers 55 3.4 Firms 24 3.5 Firms and production 27 3.6 Firms’ costs, revenue and objectives 43 3.7 Types of markets 16

4 · Government and the macroeconomy

4.1 Government macroeconomic intervention 46 4.2 Fiscal policy 56 4.3 Monetary policy 28 4.4 Supply-side policy 18 4.5 Economic growth 36 4.6 Employment and unemployment 43 4.7 Inflation 48

5 · Economic development

5.1 Living standards 41 5.2 Poverty 28 5.3 Population 37 5.4 Differences in economic development between countries 23

6 · International trade and globalisation

6.1 Specialisation and free trade 23 6.2 Globalisation and trade restrictions 34 6.3 Foreign exchange rates 30 6.4 Current account of the balance of payments 42