Cambridge O Level Economics

Syllabus 2281 · 2026 · sourced from Cambridge Assessment International Education — official syllabus PDF, verified 2026-08-24.

1. 1. The basic economic problem

   • 1.1 The nature of the economic problem
   • 1.2 The factors of production
   • 1.3 Opportunity cost
   • 1.4 Production possibility curve (PPC) diagrams

2. 2. The allocation of resources

   • 2.1 Microeconomics and macroeconomics
   • 2.2 The role of markets in allocating resources
   • 2.3 Demand
   • 2.4 Supply
   • 2.5 Price determination
   • 2.6 Price changes
   • 2.7 Price elasticity of demand (PED)
   • 2.8 Price elasticity of supply (PES)
   • 2.9 Market economic system
   • 2.10 Market failure
   • 2.11 Mixed economic system

3. 3. Microeconomic decision makers

   • 3.1 Money and banking
   • 3.2 Households
   • 3.3 Workers
   • 3.4 Trade unions
   • 3.5 Firms
   • 3.6 Firms and production
   • 3.7 Firms' costs, revenue and objectives
   • 3.8 Market structure

4. 4. Government and the macroeconomy

   Subtopic-level detail for this topic is not yet itemised from the published syllabus.

5. 5. Economic development

   Subtopic-level detail for this topic is not yet itemised from the published syllabus.

6. 6. International trade and globalisation

   Subtopic-level detail for this topic is not yet itemised from the published syllabus.