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Cambridge IGCSE Economics (0455)

1. The basic economic problem

2. The allocation of resources

3. Microeconomic decision-makers

4. Government and the macroeconomy

5. Economic development

6. International trade and globalisation

6.1. Specialisation and free trade

6.2. Globalisation and trade restrictions

6.3. Foreign exchange rates

6.3.1—Definition of foreign exchange rate

6.3.2—Reasons for buying and selling foreign currencies

6.3.3—Determination of foreign exchange rate in foreign exchange market

6.3.4—Consequences of changes in foreign exchange rates

6.4. Current account of the balance of payments

IGCSE/CAIE/Economics//Concept/6. International trade and globalisation/6.3. Foreign exchange rates/6.3.4—Consequences of changes in foreign exchange rates

6. International trade and globalisation

Syllabus: 0455–2027–2028
Section: 6
Level: —

Exam analysis

Most tested topics

Specialisation and free trade
Globalisation and trade restrictions
Foreign exchange rates
Current account of the balance of payments