IGCSE Economics (9-1) 0987
The Syllabus of IGCSE Economics (9-1) 0987:
The Cambridge IGCSE (9-1) Economics 0987 syllabus encompasses six core topic areas that collectively develop a broad understanding of economic principles, spanning household choices through to global commerce. Around 130 guided learning hours are allocated across a two-year programme intended for students aged 14 to 16, and no prior study of economics is expected.
- Topic 1 — The Basic Economic Problem: scarcity as the central economic challenge, the four factors of production and their returns, the concept of opportunity cost in decision-making, and production possibility curve analysis.
- Topic 2 — The Allocation of Resources: how markets function, the forces of demand and supply, equilibrium pricing, price elasticity of both demand and supply, the market economic system, causes of market failure such as externalities and public goods, and government intervention within mixed economies.
- Topic 3 — Microeconomic Decision-Makers: the banking system and functions of money, patterns of household expenditure and saving, how wages are determined and why labour moves between sectors, business organisations and production methods, revenue and cost calculations, and the characteristics of competitive and monopoly markets.
- Topic 4 — Government and the Macroeconomy: the principal aims of macroeconomic policy and potential conflicts between them, fiscal policy covering taxation and public expenditure, the tools of monetary policy, supply-side approaches to economic management, the causes and consequences of economic growth and recession, the nature of unemployment, and the measurement and effects of inflation.
- Topic 5 — Economic Development: measuring living standards through GDP per head and the Human Development Index, the distinction between absolute and relative poverty, the economic implications of population change, and the reasons behind differences in development across nations.
- Topic 6 — International Trade and Globalisation: the gains from specialisation and free trade, the forces driving globalisation and the use of trade barriers, the influence of multinational corporations, how foreign exchange rates are determined, and the current account of the balance of payments.
Assessment comprises two papers: Paper 1 is a one-hour multiple choice examination containing 40 questions and contributing 30 percent of the final grade, while Paper 2 is a two-hour structured questions paper contributing 70 percent, featuring a compulsory data-response question in Section A and a choice of three from four questions in Section B. Candidates receive grades from 9 down to 1. The complete official syllabus is available on the IGCSE Economics (9-1) 0987 page on the Cambridge International website.
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Our Professors
Umit K.
Associate Professor Dr.
Ph.D., Drexel University
Expertise: IGCSE Economics (9-1) 0987
Experience: 12 years
Recent Placements: Columbia University, Duke University, Boston University, Northeastern University.
Student Reviews
University of St Andrews, Economics (Class of 2025)
International School of Geneva, Switzerland
IGCSE Economics (9-1) 0987
Accepted: University of Bath, University of Exeter, Royal Holloway University of London.
I was struggling with the economics graphs and the structured questions felt impossible to answer properly. My parents found Professor K and from the very first session he broke everything down in a way that finally clicked. He taught me how to read a question, plan my answer, and use the right command words. By the time the exam came I actually felt confident and my grade reflected that confidence. I would recommend him to anyone taking IGCSE Economics.