College application academic evidence · reasoning and revision · Seoul and online
Exam prepAimed at an AP, IB, or IGCSE exam score.
Cambridge IGCSE Economics (0455)
Grades 9-12: markets and price setting, government...
- Free consultation and level check
- Apgujeong classroom or online
- One-to-one or small group
- Registered academy no. 11882
Is Cambridge IGCSE Economics (0455) a good fit for high school students in Grades 9-12?
Cambridge IGCSE Economics (0455) is a good fit for students in grades 9-12 who are interested in markets and price setting and government economic policy. CIT offers online or in-person lessons in Apgujeong, Gangnam, Seoul, in one-to-one or small-group formats. Students make scored answers to concept and written questions and an error log with reworked solutions.
Students begin with the basic economic problem of deciding what to produce with limited resources, along with factors of production and opportunity cost. The six official units of Cambridge IGCSE Economics (0455) then cover price setting and elasticity, households, workers, and firms as decision makers, government macroeconomic policy, development across countries, and international trade and exchange rates. Work starts at the unit that fits the student's school progress and remaining time, with concept questions and written answers practiced and mistakes corrected along the way. Alongside the score, the student builds the academic evidence an application can use: how they applied a core idea, why an answer failed, and how they revised it.
This public guide describes the intended direction. A dedicated learning studio is not available yet.
My child loved that the teacher explained things really well and made the lesson enjoyable. We are very glad too.
- Age group
- Grades 9-12
- Academic subject
- Economics & BusinessBrowse subject
- Course type
- Exam preparation
- Format
- Online or Apgujeong in person · one-to-one or small group
- Teaching language
- Korean by default, with complete English materials
- Curriculum status
- Planned courseThis subject is available for consultation, but a teachable lesson sequence is not yet published.
How can I explain this course to my child?
If you want to understand the important ideas behind markets and price setting instead of memorizing answers, Cambridge IGCSE Economics (0455) connects government economic policy to exam-ready reasoning and a record of how you fixed mistakes.
Which interests suggest this course?
- markets and price setting
- government economic policy
- exchange rates and globalization
What does the student finish?Scored answers to concept and written questions and an error log with reworked solutions.
Is this a good fit?
A strong fit for students considering economics, business, finance, entrepreneurship, policy, or product management.
Current study of, or planned preparation for, Cambridge IGCSE Economics (0455).
A short diagnostic review sets the starting point.
Progress depends on regular practice and acting on feedback.
What will my child learn?
- Explain the basic economic problem with factors of production, opportunity cost, and production possibility curves.
- Analyze how prices are set and why markets fail using supply, demand, and price elasticity.
- Compare how household, worker, and firm decisions and market structure affect prices and output.
- Explain how fiscal, monetary, and supply-side policy and trade and exchange rates affect growth, jobs, and prices.
Which units does the official course cover?
- 1The Basic Economic Problem
The nature of the economic problem, factors of production, opportunity cost, and production possibility curves.
- 2The Allocation of Resources
Markets, demand and supply, price determination and change, elasticity, market failure, and mixed economies.
- 3Microeconomic Decision Makers
Money and banking, households, workers and trade unions, and firms' production, costs, revenue, and market structure.
- 4Government and the Macroeconomy
Macroeconomic aims, fiscal, monetary, and supply-side policy, economic growth, unemployment, inflation, and deflation.
- 5Economic Development
Living standards, poverty, population, and differences in economic development between countries.
- 6International Trade and Globalisation
Specialization, globalization and multinational companies, free trade and protection, exchange rates, and the current account.
What counts as useful evidence?
Scored answers to concept and written questions and an error log with reworked solutions.
What should an admissions reader be able to see?
Alongside the score, the student builds the academic evidence an application can use: how they applied a core idea, why an answer failed, and how they revised it.
Useful evidence may include a market analysis, policy model, data product, decision memo, or tested business idea. Claims should stay tied to the evidence.
The evidence an application reads is what the student understood, completed, and can explain.
Which sources were reviewed?
Catalog reviewed: 2026-09-30
Questions parents search before choosing this course
Is Cambridge IGCSE Economics (0455) a good fit for high school students in Grades 9-12?
Cambridge IGCSE Economics (0455) is a good fit for students in grades 9-12 who are interested in markets and price setting and government economic policy. CIT offers online or in-person lessons in Apgujeong, Gangnam, Seoul, in one-to-one or small-group formats. Students make scored answers to concept and written questions and an error log with reworked solutions.
Can my child take Cambridge IGCSE Economics (0455) online or in person, one-to-one or in a small group?
Yes. CIT offers online and in-person lessons at its Apgujeong academy in Gangnam, Seoul, with one-to-one and small-group options. A readiness consultation confirms the available format and starting point for the course.
Does my child need prior subject knowledge or coding experience for Cambridge IGCSE Economics (0455)?
Current study of, or planned preparation for, Cambridge IGCSE Economics (0455). A short diagnostic review sets the starting point. Progress depends on regular practice and acting on feedback.
What will my child make or practice in Cambridge IGCSE Economics (0455)?
The main evidence is scored answers to concept and written questions and an error log with reworked solutions. Students also document decisions, tests, feedback, and limits in age-appropriate language.
How does Cambridge IGCSE Economics (0455) exam preparation work?
CIT starts with a short diagnostic, then works through the units in order, from The Basic Economic Problem to International Trade and Globalisation, reviewing errors and improving exam-style responses. Practice is adapted to the student's current syllabus and readiness.
How are the schedule and tuition for Cambridge IGCSE Economics (0455) determined?
CIT confirms the student's readiness, goal, location, class size, and current availability before recommending a course plan. The consultation and level check are free; tuition is explained before enrollment.
When should a student start?
The exam date is set by the school or the exam board, so the time left decides how many units the student can cover and how much practice fits. CIT checks the remaining weeks first, then proposes a starting unit.
At first my child did not want to go, because it was a weekend class. After the lesson they said it had been fun. Hearing that they ask about anything they do not understand and take part on their own put me at ease as a parent.
Where else parents check CIT
Choose the course after a readiness check
CIT can compare this course with nearby options by age, subject, and current preparation.