IGCSE Economics (9-1)
Exam code: 4EC1
Delivery method: Online
IGCSE duration: 120 hours over 12 Months
Entry requirements: No prior qualification needed
Award achieved: Edexcel IGCSE Economics
Awarding body: Edexcel
IGCSE Economics is a great building block to A Levels Economics but also an interesting subject in its own right. With the Absorb Online Course, you will study both basic micro-economics and macro-economics.
You will also gain an appreciation of business economics as well as understanding how global economics function.
IGCSE Economics Overview
Upon successful completion of the exams (as administered by Edexcel), you will have achieved an internationally recognised Edexcel IGCSE Economics (4EC1) qualification.
IGCSE Economics Outline
This IGCSE 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
IGCSE Economics Content
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
- The mixed economy
- 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:
- International trade
- Exchange rates
The course provides opportunities to gain skills that will support progression to further study of Economics, and to enhance future educational or employment prospects. Economics qualifications can be particularly valuable for students wishing to progress into politics or financial careers; economics graduates tend to have excellent employment prospects, allowing many students to work in a range of global sectors and industries.
The Edexcel IGCSE Economics qualification is gained the exam papers are successfully completed.
These exams are administered by Pearson Edexcel. As a private candidate you will sit your exams in an exam centre such as a school, college or private tuition centre.
Use the map below there are a huge number of places where you can sit your exams.
In addition, if you select the added tutor support there will be a number of tutor marked assessments (TMAs) to ensure that you have a thorough understanding of the content, with the tutor sending comments to guide you through any areas of potential difficulty. This will ensure you are prepared for the final exams.
Method of study
The IGCSE is delivered online via the Learning Management System (LMS).
The online IGCSE has many features that cannot be printed such as embedded videos, forums and interactive tests.
If you opt for tutor support it also includes Tutor Marked Assessments which you access and submit through the online system
We highly recommend the additional tutor option to support our IGCSE e-books. For just £35 you will receive tutor feedback and support by email for 12 months. They will mark your TMAs and provide valuable guidance through any trickier parts of the content whenever you need it. You will also receive a study guide to help you with all aspects of studying, essay writing and general student skills.
How quickly can I complete the IGCSE?
You can complete your IGCSE as quickly or slowly within the 12 months as you choose. The recommended study time for the content is 120 hours. The exam dates are set by the exam boards and for IGCSE Economics are available in May/June each year.