1 Basic econ problem
The section of the Cambridge IGCSE Economics (0455) syllabus introduces students to the fundamental ideas and concepts that underpin the course and the academic discipline of economics. The basic economic problem is concerned with how best to allocate scarce resources in order to satisfy people’s unlimited needs and wants.
The following topics are covered (click on the relevant hyperlink to access the supporting resources):
To access the additional resources for this section of the website, click on the relevant hyperlinks below:
Selected Pages
1 Basic econ problem
Unit 1 - True or False Quiz
Unit 1 - True or False QuizTo test your understanding of this topic in the Cambridge IGCSE Economics syllabus (The basic...
1 Basic econ problem
Unit 1 - Paper 2 Exam Practise Questions
Unit 1 - Paper 2 Exam Practise Questions[2][2]Answers(a) Draw a fully labelled production possibility curve (PPC) for a...
1 Basic econ problem
The Arctic Island Survival Game
The Arctic Island Survival Game (an introduction to IGCSE Economics)This is a fun and engaging activity to get students...
1 Basic econ problem
1.4 Paper 1 Exam Practice Questions
Unit 1.4 - Paper 1 Exam Practice QuestionsTo test your understanding of this topic in the Cambridge IGCSE syllabus (Production...
1 Basic econ problem
1.4 Review questions
Unit 1.4 Review Questions - Production possibility curveTo test your understanding of this topic in the Cambridge IGCSE...
1 Basic econ problem
1.4 Key terms
Unit 1.4 - Key terms: Production possibility curveReturn to Unit 1.4 - Production possibility curve homepageReturn to the...