International GCSE in Economics
Pearson Edexcel – Qualification Code: 4EC1
Why Study This Course?
The Pearson Edexcel International GCSE in Economics provides students with a clear understanding of economic concepts, markets, government policies, and global financial systems. It helps students develop critical thinking, problem-solving, and data analysis skills that are essential for success in higher education and professional careers.
This course is ideal for students who:
· Are interested in how economies function at local, national, and global levels.
· Enjoy analysing economic data and real-world financial issues.
· Wish to develop skills in decision-making, logical reasoning, and evaluating economic policies.
· Are considering A-Level Economics, Business Studies, or careers in finance, banking, public policy, or international relations.
· Want to gain a globally recognised qualification that enhances university applications and career prospects.
Who is This Course For?
This course is suitable for students who:
· Have an interest in current economic issues, financial systems, and global markets.
· Enjoy interpreting graphs, economic data, and business reports.
· Wish to understand the role of governments, businesses, and consumers in the economy.
· Want to develop transferable skills useful in finance, business, and law.
This course fosters an understanding of economic theories and applications, with a focus on real-world economic challenges.
1. Critical Thinking and Data Analysis
- Interpreting economic graphs, charts, and case studies.
- Understanding economic trends and their implications.
- Evaluating government and business decision-making.
2. Application of Economic Theories
- Analysing how markets function and why they sometimes fail.
- Understanding business strategies and their impact on economies.
- Evaluating macroeconomic policies and their effectiveness.
3. Decision-Making and Problem-Solving
- Applying economic knowledge to assess business decisions.
- Evaluating the impact of taxation, subsidies, and government policies.
- Understanding how economic changes affect individuals, businesses, and governments.
The course assesses students based on the following objectives:
| Objective | Description | Weighting |
|---|---|---|
| AO1 | Recall, select, and communicate knowledge of economic terms, concepts, and issues | 14-15% |
| AO2 | Demonstrate understanding and apply economic knowledge in specific contexts | 48-49% |
| AO3 | Analyse and interpret economic information from data and sources | 23-24% |
| AO4 | Evaluate economic information to make reasoned judgements and conclusions | 12-13% |
Strong Preparation for A-Level and Beyond
This course provides a solid foundation for A-Level Economics, preparing students for higher education in business, finance, and public policy.
Recognition by Top Universities
The Pearson Edexcel International GCSE in Economics is widely recognised by universities, employers, and academic institutions worldwide.
Development of Real-World Analytical Skills
Students develop economic reasoning, data analysis, and decision-making skills, which are essential in business, finance, and government careers.
Engaging and Practical Content
The course includes case studies, contemporary economic issues, and global financial scenarios, ensuring students engage with real-world economic challenges.
Course Structure
The qualification consists of two externally assessed written papers:
Paper 1: Microeconomics and Business Economics (50%)
Exam Duration: 1 hour 30 minutes
Assessment Format: External examination
Skills Assessed:
- Understanding basic economic principles.
- Analysing how businesses operate and compete.
- Evaluating the role of government in markets.
Topics Covered:
- The Market System – Scarcity, opportunity cost, supply and demand, elasticity.
- Business Economics – Productivity, business costs and revenues, competition, and labour markets.
- Government Intervention – Taxation, subsidies, and policies to regulate businesses.
Paper 2: Macroeconomics and the Global Economy (50%)
Exam Duration: 1 hour 30 minutes
Assessment Format: External examination
Skills Assessed:
- Understanding government economic policies and global financial trends.
- Analysing international trade, exchange rates, and economic growth.
- Evaluating the impacts of inflation, unemployment, and government spending.
Topics Covered:
- Government and the Economy – Economic objectives, fiscal policy, monetary policy, and supply-side policies.
- The Global Economy – International trade, globalisation, exchange rates, and trade blocs.
- Economic Issues and Policies – Inflation, unemployment, economic development, and income distribution.
Each paper consists of multiple-choice, short-answer, data-response, and extended-response questions.
