ONLINE IGCSE ECONOMICS (9-1)

This course is divided into 2 units:

Unit 1: Microeconomics and Business Economics – Paper code: 4EC1/01

• Exam Availability: May/ June
• Written examination: 1 hour 30 minutes

Unit 2: Macroeconomics and the Global Economy – Paper code: 4EC1/02

• Exam Availability: May/ June
• Written examination: 1 hour 30 mins

You will also sit a:

Formative Assessment: Activities, multiple choice assessments, short answer and tutor marked mock exam.

Summative Assessment: Final exam sat over two papers.

The Pearson Edexcel International GCSE in Economics is comprised of the following sections:

Microeconomics and Business Economics

The market system:

• The economic problem
• Economic assumptions
• Demand, supply and market equilibrium
• Elasticity
• The mixed economy
• Externalities

Business economics:

• Production
• Productivity and division of labour
• Business costs, revenues and profit
• Business competition
• The labour market
• Government intervention

Macroeconomics and the Global Economy

Government and the economy:

• Macroeconomic objectives
• Government policies
• Relationships between objectives and policies

The global economy:

• Globalisation
• International trade
• Exchange rates

The Edexcel IGCSE Economics qualification is gained once the exam papers are successfully completed. These exams are administered by Edexcel and assessment centre details will be included with your course, as well as practice papers so that you are more than prepared for your assessments.

In addition, there will be a number of tutor marked assessments (TMAs) to ensure that you have a thorough understanding of the course materials, with the tutor sending comments to guide you through any areas of potential difficulty, as well as a range of self-assessments that are indicators that you understand the materials as you work through them. These are for your own information, and do not need to be shown to your course tutor.