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Economics 0455 | 1 GCSE

Overview

IGCSE Economics is regarded by universities and employers as evidence of knowledge and understanding of economics. Economics aims to develop students’ knowledge and a range of quantitative and analytical skills, including:

An understanding of economic theory, terminology and principles
The ability to apply the tools of economic analysis
The ability to distinguish between facts and value judgements in economic issues
An understanding of, and an ability to use, basic economic numeracy and literacy
The ability to take a greater part in decision-making processes in everyday life
An understanding of the economies of developed and developing nations.

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Course Content

IGCSE Economics develops students’ ability to show knowledge and understanding of economics; analyse economic data in various forms; and critically evaluate information and draw conclusions. Students will follow units covering subject content which includes:

The basic economic problem
The allocation of resources
Microeconomic decision makers
Government and the macroeconomy
Economic development
International trade and globalisation

Assessment

Paper 1 - 45mins (Weighting 30%) 30 Multiple Choice questions. All questions are compulsory.

Paper 2 - 2hrs 15mins (Weighting 70%) 1 compulsory data-response question based on a previously unseen case study &

3 structured questions from a choice of 4.

Progression

Economics can lead to a wide range of interesting and challenging careers. The course provides students with an excellent foundation for advanced studies in economics. Candidates who are awarded grades C to A* in Cambridge IGCSE Economics are well prepared to follow courses leading to Cambridge International AS and A Level Economics, or the equivalent.

The study of economics offers excellent preparation for advanced education in business, law, economics, finance, public policy, international relations, and medicine.

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