Economics
Cambridge Upper Secondary
Why Study International GCSE Economics?
International GCSE Economics helps you to develop an understanding of economic theory, terminology and principles. You will study the economics of different countries and how these interrelate. You will also learn to work with simple economics data and to use the tools of economic analysis. This is an excellent foundation for advanced study in economics. (Cambridge Assessment International Education, n.d.)
Key concepts covered in the course
- The basic economic problem
- The allocation of resources
- Microeconomic decision makers
- Government and the macroeconomy
- Economic development
- International trade and globalisation
Prior requirements and hours of study
International GCSE Economics requires about 130 hours of study. The number of hours needed may vary depending on your previous experience of the subject.
We do not expect learners starting this course to have previously studied Economics.
Economics
Cambridge Advanced
Why Study International AS & A Level Economics?
You will learn how to explain and analyse economic issues and arguments, evaluate economic information, and organise, present and communicate ideas and judgements clearly. The course covers a range of fundamental economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of inflation. You will also study the theory of the firm, market failure, macroeconomic theory and policy, end economic growth and development. (Cambridge Assessment International Education, n.d.)
Key concepts covered in the course
- Scarcity and choice
- The margin and decision-making
- Equilibrium and disequilibrium
- Efficiency and inefficiency
- The role of government and the issues of equality and equity
- Progress and development
Prior requirements and hours of study
International AS Level Economics requires about 180 hours of study, and International A Level Economics requires about 360 hours of study. These figures are for guidance only. The number of hours needed may vary depending on your previous experience of the subject.
We recommend that students who are beginning this course should have previously completed an International GCSE course in Economics.
It is also necessary that all A-Level students have IGCSE English Language or the equivalent at Grade C/4 or above.