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0455_m26_er 2026 March Economics 0455 Examiner Report · Cambridge CAIE IGCSE

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0455_m26_er2026 March Economics 0455 Examiner Report

This examiner report covers Cambridge IGCSE Economics (0455) from the 2026 March session. Written by the principal examiner, it provides detailed commentary on candidate performance across all paper components — highlighting the most common mistakes, misconceptions, and what distinguished top-scoring answers from weaker ones. This is one of the most valuable revision tools available, yet most students never read it.

Also referenced as: 0455_m26_er · 0455/f/m/26 · 0455 Feb/March 2026

This examiner report covers all paper components for Economics (0455) in this session. Read it after completing each question paper to understand where the cohort gained and lost marks, and how your approach compares to the examiner's expectations.

Examiner reports are the highest-value revision resource most students overlook. For Economics (0455), read each section of this report alongside the corresponding question paper. Note which questions had the lowest success rate — these are the topics you should prioritise. The examiner often explains exactly what was required for full marks, giving you a template for structuring your own answers.

Examiner Insights

Based on analysis of 3 official Cambridge documents (2023, 2025)

1

Confusing budget deficit with current account deficit

Some candidates confused a government budget deficit with a deficit on the current account of the balance of payments0455 Paper 2, June 2023

How to fix: Budget deficit = government spends more than it receives in tax revenue (fiscal). Current account deficit = a country imports more goods/services than it exports (trade). These are completely different — one is about government finances, the other is about international trade.

2

PED calculation and interpretation errors — confusing elastic with inelastic

How to fix: PED = % change in quantity demanded ÷ % change in price. If PED > 1, demand is elastic (responsive). If PED < 1, demand is inelastic (unresponsive). Always check: did quantity change by a LARGER or smaller percentage than price? Larger = elastic.

3

Demand vs quantity demanded — confusing shifts with movements along the curve

How to fix: A change in PRICE causes a movement along the demand curve (change in quantity demanded). A change in a NON-PRICE factor (income, tastes, substitutes) causes the whole curve to SHIFT (change in demand). Use the correct terminology — examiners distinguish between them.

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All Economics (0455) Papers — 2026 March

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More Economics (0455) Past Papers

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Economics Exam Guide: How to Score Higher

Top mistakes, scoring patterns & answer frameworks from 3 official Cambridge documents