Economics 0455 past papers & revision

0455

Nov 2025 · Paper 1 · Variant 1

Cambridge · with mark scheme

0455

Nov 2025 · Paper 1 · Variant 2

Cambridge · with mark scheme

0455

Nov 2025 · Paper 1 · Variant 3

Cambridge · with mark scheme

0455

Nov 2025 · Paper 2 · Variant 1

Cambridge · with mark scheme

0455

Nov 2025 · Paper 2 · Variant 2

Cambridge · with mark scheme

0455

Nov 2025 · Paper 2 · Variant 3

Cambridge · with mark scheme

0455

Mar 2025 · Paper 2 · Variant 2

Cambridge · with mark scheme

0455

Mar 2025 · Paper 1 · Variant 2

Cambridge · with mark scheme

0455

Jun 2025 · Paper 1 · Variant 1

Cambridge · with mark scheme

0455

Jun 2025 · Paper 1 · Variant 2

Cambridge · with mark scheme

0455

Jun 2025 · Paper 1 · Variant 3

Cambridge · with mark scheme

0455

Jun 2025 · Paper 2 · Variant 1

Cambridge · with mark scheme

1.1 The Nature of the Economic Problem

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Scarcity

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The Factors & Their Rewards

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Opportunity Cost in Decision Making

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PPC & Economic Growth

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2.1 Microeconomics & Macroeconomics

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Differences Between Micro & Macro

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The (Free) Market System

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Demand, Price & Quantity

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Supply, Price & Quantity

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Equilibrium & Disequilibrium

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Changing Market Conditions

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Calculation & Determinants of PED

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Calculation, Determinants & Significance of PES

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The (Free) Market System

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Market Failure Terminology

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Characteristics of a Mixed Economic System

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3.1 Money & Banking

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Understanding Money

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Spending, Saving & Borrowing

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Factors Affecting Choice of Occupation

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Types of Trade Unions

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Classification of Firms

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Demand for the Factors of Production

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Costs & Revenue

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Competitive Markets

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4.1 The Role of Government

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Local, National & International

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The Five Macroeconomic Aims

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The Government Budget

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Monetary Policy Measures

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Supply-side Policy Measures

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Measures of Economic Growth

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Understanding Employment

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Definitions & Measurement

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5.1 Living Standards

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Indicators of Living Standards

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Causes of Poverty

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Population Growth

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Reasons for Differences in Development

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6.1 International Specialisation

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Reasons for National Specialisation

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Globalisation

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Introduction to Exchange Rates

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Components of the Current Account

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1.2 The Factors of Production

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Changes to the Factors of Production

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2.2 The Role of Markets in Allocating Resources

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Conditions of Demand

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Conditions of Supply

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The Significance of PED

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Causes & Consequences

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Central & Commercial Banks

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3.2 Households

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Wage Determination

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The Role of Trade Unions

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Small Firms

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Labour & Capital-intensive Production

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Objectives of Firms

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Monopoly Markets

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4.2 The Macroeconomic Aims of Government

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Conflicts Between Macroeconomic Aims

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Taxation

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Causes & Consequences of Growth

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Measurement of Unemployment

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Causes & Consequences of Inflation

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Living Standards & Income Distribution

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5.2 Poverty

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Policies to Alleviate Poverty

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Effects of Changing Population Sizes

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6.2 Globalisation, Free Trade & Protection

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Free Trade

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Exchange Rate Fluctuations

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Deficits & Surpluses

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1.3 Opportunity Cost

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2.3 Demand

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Government Intervention to Address Market Failure

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3.3. Workers

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Wage Differentials

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Advantages & Disadvantages of Trade Unions

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The Growth of Firms

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Production & Productivity

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4.3 Fiscal Policy

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Fiscal Policy Measures

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Causes & Consequences of Recessions

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Types of Unemployment

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Causes & Consequences of Deflation

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5.3 Population

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Protection

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6.3 Foreign Exchange Rates

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Stabilisation Policies

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1.4 Production Possibility Curves

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2.4 Supply

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Division of Labour & Specialisation

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3.4 Trade Unions

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Economies & Diseconomies of Scale

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4.4 Monetary Policy

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Policies to Generate Economic Growth

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Consequences of Unemployment

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Policies to Control Inflation & Deflation

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5.4 Differences in Economic Development

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6.4 Current Account of Balance of Payments

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2.5 Price Determination

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3.5 Firms

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4.5 Supply-side Policy

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Policies to Reduce Unemployment

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2.6 Price Changes

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3.6 Firms & Production

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4.6 Economic Growth

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2.7 Price Elasticity of Demand (PED)

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3.7 Firms’ Costs, Revenue & Objectives

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4.7 Employment & Unemployment

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2.8 Price Elasticity of Supply (PES)

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3.8 Market Structure

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4.8 Inflation & Deflation

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2.9 Market Economic System

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2.10 Market Failure

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2.11 Mixed Economic System

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