IGCSE Economics (9-11)
Course code: 4EC1
Delivery method: Online
Course duration: 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 but also an interesting subject in its own right. 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.
Economics course overview
Upon successful completion of the exam and practical assessments (as administered by Edexcel), you will have achieved an internationally recognised Edexcel IGCSE Economics (4EC1) qualification.
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.
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
- 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 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.
Method of study
The course is primarily an online course using a Learning Management System (LMS).
The online course has many features that cannot be printed such as embedded videos, forums and interactive tests.
The course includes Tutor Marked Assessments which you access and submit through the online system.
Our IGCSE courses come with tutor feedback and support by email for 12 months. They will mark your TMAs and provide valuable guidance through any trickier parts of the course 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.