Economics 0455/21 Oct Nov 2024 | Cambridge IGCSE Past Papers With Mark Scheme

1. Globalisation & Labour Mobility: Effects of migration and trade on the economy, factors influencing labour mobility, and the role of international events in economic growth.

2. Price Elasticity & Market Impact: Analysis of price inelastic goods like oil, their effect on revenues, economic stability, and external factors affecting supply and demand.

3. Economic Growth & Development: Relationship between technological progress, production possibility curves (PPC), and the impact of service industries like tourism and finance on economic development.

4. Trade & Market Forces: Free trade agreements, market competition, trade protection methods, and government intervention in trade policies.

5. Macroeconomic Policies & Challenges: Effects of unemployment rates on wages and living standards, the role of fiscal policy in poverty reduction, and impacts of ageing populations on spending and savings.

6. Inflation & Government Intervention: Causes of inflation due to tourism, impact on domestic economies, and effectiveness of trade restrictions and fiscal measures in stabilizing markets.