IGCSE

IGCSE Economics

Learn About The Subject

IGCSE Economics introduces fundamental economic principles and theories, helping students understand how individuals, businesses, and governments make decisions in the context of scarce resources. The course develops skills in analyzing and evaluating economic information, processing data, and enhancing awareness of key economic issues at local, national, and international levels.

Common Challenges When Learning IGCSE Economics

Difficulty with models & theories: Understanding and accurately applying complex, abstract economic models (supply-demand, macroeconomic, etc.).
Challenge in interpreting economic graphs: Requiring the ability to draw, read, and correctly analyze the meaning of various types of economic graphs.
Requirement for cause-and-effect analysis: Analyzing logical, multi-dimensional relationships between economic events and policies.
Pressure to evaluate & formulate arguments: Needing to objectively assess the impact of policies and construct well-founded economic arguments.

Course Content

Unit 1: The basic economic problem

1.1: The nature of the economic problem

1.2: The factors of production

1.3: Opportunity cost

1.4: Production possibility curve diagrams (PPC)

Unit 2: The allocation of resources

2.1: Microeconomics and macroeconomics

2.2: The role of markets in allocating resources

2.3: Demand

2.4: Supply

2.5: Price determination

2.6: Price changes

2.7: Price elasticity of demand (PED)

2.8: Price elasticity of supply (PES)

2.9: Market economic system

2.10: Market failure

2.11: Mixed economic system

Unit 3: Microeconomic decision makers

3.1: Money and banking

3.2: Households

3.3: Workers

3.4: Trade unions

3.5: Firms

3.6: Firms and production

3.7: Firms’ costs, revenue and objectives

3.8: Market structure

Unit 4: Government and the macroeconomy

4.1: The role of government

4.2: The macroeconomic aims of government

4.3: Fiscal policy

4.3: Fiscal policy continued (Lưu ý: Giữ nguyên số 4.3 bị lặp lại theo nội dung bạn cung cấp)

4.4: Monetary policy

4.5: Supply-side policy

4.6: Economic growth

4.7: Employment and unemployment

4.8: Inflation and deflation

Unit 5: Soil systems and terrestrial food production systems and societies

5.1: Living standards

5.2: Poverty

5.3: Population

5.4: Differences in economic development between countries

Unit 6: International trade and globalisation

6.1: International specialisation

6.2: Globalisation, free trade and protection

6.3: Foreign exchange rates

6.4: Current account of balance of payments

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🌟Target Score Commitment	❌	❌	✅
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IGCSE Economics

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Frequently Asked Questions

Frequently Asked Questions About

IGCSE Economics

Does IGCSE Economics require strong mathematical skills?

The subject requires students to be able to work with data, read and draw graphs, and perform basic calculations (such as percentages, growth rates, price indices...). While it does not demand advanced mathematical knowledge, logical thinking and basic quantitative skills are necessary to understand and apply economic models.

How does IGCSE Economics differ from Business Studies or Accounting?

IGCSE Economics focuses on economic principles and theories on a broader scale (micro and macro), analyzing how markets operate, the role of government, and global economic issues. Business Studies focuses on the management and operational activities of specific businesses. Accounting concentrates on recording, reporting, and analyzing a business's financial information.

Is this subject too theory-heavy?

IGCSE Economics balances theory and application. Students need to master core economic theories and models, but they must also continuously apply them to analyze situations, economic data, and real-world current events happening globally.

What is the usual examination format for IGCSE Economics?

The IGCSE Economics examination typically consists of two main written papers. The first paper (Paper 1) is usually multiple-choice questions testing basic knowledge and understanding. The second paper (Paper 2) often includes structured questions requiring data analysis, explanation of concepts, graph drawing, and analytical/evaluative written responses based on given economic scenarios.

For which university majors is studying IGCSE Economics good preparation?

This is a solid foundation for many popular majors such as Economics, Finance, Banking, Accounting, Public Policy, International Relations, Business, and other social science fields that require analytical thinking and a deep understanding of socio-economic issues.

Does Intertu Education offer trial classes for IGCSE Economics?

Yes. Intertu Education offers Trial Classes for IGCSE Economics. This is an excellent opportunity for you and your parents to directly experience our teaching methods, meet the teacher, and assess suitability before deciding to enroll in a full course. Please contact our counseling department for more information.

How is the tuition fee for the IGCSE Economics course at Intertu calculated?

The tuition fee for IGCSE Economics at Intertu Education depends on the study hour package and the level of support service (Standard, Premium, Platinum) that parents choose, to best meet specific learning needs and goals. To receive a detailed fee schedule and advice on the most suitable study package, please contact Intertu's counseling team directly.

IGCSE

IGCSE Economics

Learn About The Subject

Common Challenges When Learning IGCSE Economics

Course Content

Register For A Consultation With Our Experts

Personalized Learning Approach

Academic Pathway

Competency Assessment

Set Learning Objectives

Create A Learning Path

Implement And Optimize

MEET THE TEACHING TEAM

Dedicated Team Of Teachers Ready To Support Your Learning Journey

Tuan Nguyen

Duy Nguyen

Thuy Nguyen

Tra Nguyen

Tin Nguyen

Hieu Pham

Uyen Vu

Carolina Rondon

Choosing the right study package

Find The Optimal Academic Support Solution For You

Learn About Another Subject

Frequently Asked Questions

Frequently Asked Questions About

IGCSE Economics

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