COURSE OUTLINE – Economics Edexcel IGCSE

 Teacher
Name: Auntorip Karim
Mobile/WhatsApp/Viber: 01682336082

Facebook/Messenger: Auntorip Karim

Email: auntorip@gmail.com

 Course Learning objectives:

 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.

 Course Content
Paper 1: Microeconomics and Business Economics Paper 2: Macroeconomics and the Global Economy
1 The Economic Problem 25 Economic Growth
2 Economic Assumptions 26 Inflation
3 The Demand Curve 27 Unemployment
4 Factors That May Shift The Demand Curve 28 Balance Of Payment On The Current Account
5 The Supply Curve 29 Protection Of The Environment
6 Factors That May Shift The Supply Curve 30 Redistribution Of Income
7 Market Equilibrium 31 Fiscal Policy
8 Price Elasticity Of Demand (PED) 32 Monetary Policy
9 Price Elasticity Of Supply (PES) 33 Supply Side Policies And Government Control
10 Income Elasticity (YED) 34 Relationships Between Objectives And Policies
11 The Mixed Economy 35 Globalization
12 Privatization 36 Multinational Companies (MNCs) And Foreign Direct Investment
13 Externalities 37 International Trade
14 Factors Of Production And Sectors Of The Economy 38 Protectionism
15 Productivity And Division Of Labour 39 Trading Bloc
16 Business Cost, Revenue And Profit 40 The World Trade Organization And World Trade Patterns
17 Economies And Diseconomies Of Scale 41 Exchange Rates And Their Determination
18 Competitive Market 42 Impact Of Changing Exchange Rates
19 Advantages And Disadvantages Of Large And Small Firms
20 Monopoly
21 Oligopoly
22 The Labour Market
The Impact Of Changes In The Supply And Demand For
23
Labour And Trade Union Activity In Labour Markets
24 Government Intervention

 Study material: Lecture slides/notes that will be provided in class

 Reference Book: Edexcel International GCSE (9-1) Economics Student Book

  Assessment requirements

Number of raw marks

Paper number and unit title Assessment information
allocated in the paper
Examination of 1 hour 30 minutes set and
Paper 1: Microeconomics and marked by Pearson. The paper is weighted at
80 marks
Business Economics 50% of the qualification. Single tier of entry.
Students may use a calculator.
Examination of 1 hour 30 minutes set and
Paper 2: Macroeconomics marked by Pearson. The paper is weighted at
80 marks
and the Global Economy 50% of the qualification. Single tier of entry.
Students may use a calculator.

 Attendance Policy:
Consecutive absence without proper reasons will lead to penalization. The parents will also be
informed in such cases.

 Online Assignment Policy:

Online assignments will be posted in Google classroom. Students must check google classroom on
regular basis to get updates.

 Cumulative Assessment Test (CAT) Policy:

Cumulative assessment tests dates will be announced in class a week ahead. If a student misses
that class, it is his/her responsibility to consult with the teacher or classmates and know the test
dates and syllabus.
Sample tests (not marked) might be taken before tests in order to give students an idea about the
question pattern of the upcoming test. During sample test, all answers will be discussed and
dictated by the teacher.
Academic dishonesty and cheating will be met with immediate penalties including exclusion from
exams and notifying the parents for disciplinary actions.

 Question specification and weightings:

(Give 4 Marks
Evaluation)

(Give 3 Marks
Evaluation)