Subjects » Economics

This two year course aims to enable students to:

1. develop a knowledge and understanding of economic terminology and basic economic theory
2. develop basic economic literacy and numeracy and the ability to handle simple data
3. use the tools of economic analysis in specific situations
4. employ economic skills with reference to individuals, groups and organisations in order to understand the real world better
5. participate more fully in decision-making processes, as consumers and producers and as citizens at the local, national and international levels.

CONTENT AREAS OF THE COURSE INCLUDE:

1. the basic economic problem
2. how the market works
3. government intervention in the market
4. labour
5. international trade
6. money and banking
7. macroeconomic problems (inflation, unemployment, economic growth, balance of payments stability)
8. development and growth of economics.

ASSESSMENT:

The IGCSE Economics syllabus takes two years to complete, with examinations in November of the 2nd year.

Candidates are required to sit three papers (at both core and extended levels):

1. Multiple Choice questions 1 Hour 25%
2. Structured questions 2 Hours 50%
3. Interpretation and Analysis of data relating to a real economic situation 1 ½ Hours 25%

CAREER PATHS:
On passing the IGCSE Economics paper (after 2 years of study), typical areas of employment would be:

1. Banking and Finance
2. Insurance
3. Government Service
4. Development work
5. Accountancy
6. Sales
7. Marketing (Research and Advertising)
8. Environmental Assessment