IGCSE Economics
Enrol Anytime | Enrolment Fee £345
Start your journey towards a career in finance. Gain a solid foundation in how individuals, business and governments make economics decisions. The course will help you progress to further education, an apprenticeship or seek employment inside or outside of the UK.
- Awarding Bodies: Cambridge & Edexcel Examination Boards
- Learning Hours: 130 Recommended Study Hours
- Flexible Fast Track Available
- Full IGCSE Qualification
Overview
Would you like to progress your education through distance learning? An online International GCSE Economics course can open doors to a rewarding career in finance. The programme with Learn Now provides the same fully recognised qualification you would achieve if attending mainstream college but giving you the flexibility to learn at your own pace.
If you are an adult learner, a student resitting exams, or someone juggling studies with work and family, this could work perfectly. The course is designed to suit many lifestyles and provides at least two exam series per year.
Choose Your Specification
Whether you are based inside or outside the UK, we can offer a variety of internationally recognised examination boards to suit your specific needs:
- Cambridge International CIE 0455 (A*-G) or 0987 (9-1)
- Pearson Edexcel 4EC1 (9-1)
Get 10% discount when ordering multiple IGCSE courses. Use the coupon code: IGCSE10 at checkout
Enrol Anytime | Enrolment Fee £345
Select your course awarding body from the dropdown below.
Cambridge IGCSE Economics
Specification Code: 0455 (A*-G) or 0987 (9-1)
The Cambridge specification will develop an understanding of economic theory, terminology and principles. Learners study the economics of different countries and how these interrelate.
You will also learn to work with simple economics data and to use the tools of economic analysis. Learners apply understanding of economics to current economic issues.
The programme has six modules you will need to cover.
Course Content
The Basic Economic Problem
- The nature of the economic problem
- The factors of production
- Opportunity cost
- Production possibility curve diagrams (PPC)
The Allocation of Resources
- Microeconomics and macroeconomics
- The role of markets in allocating resources
- Demand
- Supply
- Price determination
- Price changes
- Price elasticity of demand (PED)
- Price elasticity of supply (PES)
- Market economic system
- Market failure
- Mixed economic system
Microeconomic Decision Makers
- Money and banking
- Households
- Workers
- Trade unions
- Firms
- Firms and production
- Firms’ costs, revenue and objectives
- Market structure
Government and the Macroeconomy
- The role of government
- The macroeconomic aims of government
- Fiscal policy
- Monetary policy
- Supply-side policy
- Economic growth
- Employment and unemployment
- Inflation and deflation
Economic Development
- Living standards
- Poverty
- Population
- Differences in economic development between countries
International Trade and Globalisation
- International specialisation
- Globalisation, free trade and protection
- Foreign exchange rates
- Current account of balance of payments
Students will be required to arrange and pay for their examinations at a CIE approved centre. We can provide an extensive list of these centres for you.
IGCSE Exams
There are two exams for the full qualification. The length of each exam is as follows:Paper 1 – 45 min
Paper 2 – 2 hour 15 min
Course Outcome
On successful completion of all your exams, you will be awarded the following qualification:
International GCSE Economics with CIE
Click here for more information on CIE and to be taken to their official website
Edexcel IGCSE Economics
Specification Code: 4EC1
The Pearson Edexcel specification will help you develop an understanding of economic concepts and apply these concepts to real-life situations.
You will also be able to calculate, interpret and evaluate economic data in order to make reasoned arguments and informed judgements.
The course will also help you to understand economic issues, problems and possible solutions that affect mixed economies.
The programme has six modules you will need to cover.
Course Content
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
- Productivity and division of labour
- Business costs, revenues and profit
- Business competition
- The labour market
- Government intervention
Government and the Economy
- Macroeconomic objectives
- Government policies
- Relationships between objectives and policies
The Global Economy
- Globalisation
- International trade
- Exchange rates
Students will be required to arrange and pay for their examinations at an Edexcel approved centre. We can provide an extensive list of these centres for you.
IGCSE Exams
There are two exams for the full qualification. The length of each exam is as follows:Paper 1 – 1 hour 30 min
Paper 2 – 1 hour 30 min Course Outcome
On successful completion of all your exams, you will be awarded the following qualification:
International GCSE Economics with Edexcel
Click here for more information about Pearson Edexcel and to be taken to their official website
Enrolment Fees
Our Enrolment fee for this course is noted at the top of this page where you can enrol directly onto the course. This fee includes access to your course including tutor support for 2 years.
Our enrolment fee includes:
- All study materials covering the full specification.
- Full support where you can also message your tutor as many times as you need to.
- Access to our online Library with a full range of eBooks.
- Assignment marking and feedback
- Marked and graded practise examination papers
- Fast Track available if required and flexible learning from home 24/7.
The only other fee you will need to pay is for your exams which is due approximately six months prior and this will be paid directly to the exam centre.
Request More Information about IGCSE Economics
FAQs
Will I find this course hard?
This subject will give you an insight into how government and businesses make economic decisions and spend money. Learners may find certain aspects of the course challenging such as understanding economic theories and analysing graphs and data, however you are not required to be an expert in Maths in order to do so.
Many learners enjoy the course because they can relate the subject to current affairs and businesses. Also, you will gain an understanding of how countries and markets work. Most calculations will involve basic Maths such as percentages, averages and simple graphs.
Will I need to buy any books?
You will not be required to purchase any books with this course. We automatically include logins to our online e-Library, which provides access to the following premium eBooks depending on your selected course specification:
Pearson Edexcel International GCSE (9-1) Economics Student Book – Rob Jones
Cambridge IGCSE and O level Economics – Hoang, Paul
Don’t see the specific book you are looking for? Ask us, and we will let you know if we have it!
Which subjects should I study alongside this course?
Whilst Mathematics isn’t essential to take alongside the course, it will help with tasks such as interpreting graphs, calculating percentages and understanding trends. Calculating inflation rates or interpreting unemployment data will use mathematic skills.
Business will compliment Economics as it helps us to understand how a business responds to economic decisions. For example, economics will help explain why interest rates increase, whilst business will explain how businesses respond.
Where can the subject take me?
Economics will open doors to a variety of subjects. You may want to progress onto A Levels in subjects such as Accounting, Business or Economics.
After A Levels, degree options include Economics, Finance, Business Management, Accounting, Banking and International Relations.
If you don’t want to progress onto A Levels, you might want to consider a level 3 apprenticeship which would allow you to earn whilst you learn.
Overall the subject will develop valuable skills in critical thinking, data interpretation, decision-making and financial awareness.
Can I study this course from outside the UK?
Pearson Edexcel and Cambridge (CIE) qualifications can be taken inside and outside the UK. Content within the specification is adapted for international learners and the qualification is comparable to UK GCSE standards.
How long does the course take?
You will receive access and support for two years, however you can complete the course much sooner if you need to. Exams for this subject fall in May/June or October/Novembereach year and therefore you are able to choose which exam sitting you want to apply for. We have more information on exam timetables here.
How does this course compare to a college GCSE?
The International GCSE is taken worldwide rather than just the UK. It is equivalent to a GCSE but is often 100% exam based. See our article IGCSE vs GCSE for more information.
What can I do with IGCSE Economics
Economics gives learners a solid foundation for further study. Students who achieve grades 9 to 4 are well prepared to follow a wide range of courses including Cambridge International AS & A Level Economics, or the equivalent.