KS4 curriculum

IGCSE Economics Online Course

Looking for a flexible and effective way for your child to study Economics at home? TLC LIVE Online School’s IGCSE Economics course follows the Pearson Edexcel linear specification, helping students to develop a sound understanding of economics, and the ability to use knowledge, skills and understanding appropriately in the context of individual countries and the global economy.

Taught live by qualified, UK-based teachers, our online lessons are interactive, supportive and designed to strengthen both confidence and mastery of economics.

Discover our full online IGCSE curriculum

IGCSE Economics Course Aims

This Edexcel IGCSE course aims to enable learners to:

  • develop an understanding of economic concepts and apply these concepts to real-life situations
  • calculate, interpret and evaluate economic data in order to make reasoned arguments and informed judgements
  • develop an awareness of economic change and its impact on developing and developed economies
  • understand economic issues, problems and possible solutions that affect mixed economies
  • participate effectively in society as citizens, producers and consumers.

Microeconomics and Business Economics

Paper code: 4EC1/01
Written examination: 1 hour and 30 minutes
Total marks available: 80 marks
Percentage of final grade: 50%

Content overview

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

Paper code: 4EC1/02
Written examination: 1 hour and 30 minutes
Total marks available: 80 marks
Percentage of final grade: 50%

Content overview

Government and the economy:

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

 

The global economy:

  • Globalisation
  • International trade
  • Exchange rates

Things to know

Course Name: International GCSE in Economics
Course Code: 4EC1
Exam Board: Pearson Edexcel
Examination Type: In-person or online
Course Duration: 2 years
Course Delivery: Online lessons (live) and access to course materials at all times

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