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Economics IGCSE Course

Course Format:Hard-Copy (Paper-Based) & Online Materials
Self-Study Time:Approximately 200 Hours (Self-Study)
Delivery Time:2-7 Working Days (Courier Service)
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Gain an Economics IGCSE Qualification

The Economics IGCSE Course is designed to follow the structure of the Pearson Edexcel 4EC1 specification and is divided into four separate modules. This home study course will help you develop your knowledge as you are taken on a tour of the world of economics, exploring topical issues that affect each one of us every day.

Economics is concerned with the interdependent behaviour of consumers, producers and governments as they allocate and distribute scarce resources. Economics involves the investigation of the allocation of scarce resources to the production and distribution of income and wealth. Business provides an important context in which economists study resource allocation.

This home study course consists of four lessons in total with nine tutor marked assignments (TMAs) which include 2 practice exam assignments.

Specification and Exams

The Economics IGCSE home study course is designed to prepare students for the Pearson Edexcel IGCSE Economics (4EC1) Specification for examination in May/June 2025 or later years.

Please Note: The closing date for learners aiming for Summer 2025 exams is 13 November 2024.

Assessment is by two written papers:

  • Exam Paper 1: Microeconomics and Business Economics (1 Hour, 30 Minutes) is 50% of the total marks. The exam consists of four compulsory questions, each worth 20 marks. The sub questions are a mixture of multiple-choice, short-answer, data response and open-ended questions.
  • Exam Paper 2: Macroeconomics and the Global Economy (1 Hour, 30 Minutes) is 50% of the total marks. The exam consists of four compulsory questions, each worth 20 marks. The sub questions are a mixture of multiple-choice, short-answer, data response and open-ended questions.
Prerequisites

There are no prerequisites for starting this course. We don’t recommend that you should study more than 5 GCSE or IGCSE courses at any one time.

Please Note: We cannot accept students who are under 16 years old on this course. All applications are subject to acceptance from our course advisory team.

Course Syllabus

The Economics IGCSE Home Study Course is Divided into Four Modules Containing 21 Lessons:

The Module Includes the Following Lessons:

  • The Basic Problems of Economics
  • The Price System - Demand and Supply
  • Equilibrium Price
  • Elasticity of Demand
  • Elasticity of Supply
  • Wages and Employment in a Free Economy

The Module Includes the Following Lessons:

  • Production
  • Economies of Scale
  • Competition
  • Monopoly and Oligopoly
  • Public and Private Sectors

The Module Includes the Following Lessons:

  • Macroeconomic Objectives (1) Unemployment and Inflation
  • Macroeconomic Objectives (2) Growth, Balance of Payments, Environment
  • Government Economic Policy Instruments (1) Demand side, supply side (1)
  • Government Economic Policy Instruments (2) Demand side, supply side (2)

The Module Includes the Following Lessons:

  • Globalization
  • International Trade (1) Why trade? Barriers
  • International Trade (2) Imports & Exports
  • EU Trade
  • International Trade (3) Trading blocs, WTO
  • Exchange Rates
  • Revision
Additional Reading

No additional reading is required to complete this course although we do recommend the following text book for supplementary reading:

  • Pearson Edexcel International GCSE Economics Student Book with ActiveBook CD by Rob Jones (ISBN-13: 978-0435991289).
Course Format

The course materials are supplied in a hard-copy format (paper-based) and learners can also receive access to the course notes online through a course portal at no additional charge. 

Learners often find hard-copy materials easier to work through and bookmark but the online access allows additional features such as direct links to YouTube Videos and online quizzes so having both versions available allows the learner the convenience and flexibility of both options. 

There are a set number of tutor-marked assignments (TMA's) in every course. These are designed to help the student to consolidate their learning and prepare for examinations.

Duration & Support

Students will be supported until their chosen examination window. Every student will have access to a course tutor with whom they should keep in regular contact. All tutors are fully qualified experienced teachers holding either a Postgraduate Certificate in Education or a degree in education. Most work from home and are able to offer flexible contact times. The tutor will contact students with an introductory letter and a telephone call to help decide on a study plan. They will also let the student know the best ways and times they can be contacted.

There is no limit on how often you can contact a tutor. The advice and encouragement that tutors provide is an important part of your learning experience. You can contact your tutor by Phone, Email or Post. All tutors have a Freephone 0800 telephone number and most will have Skype capabilities. Whilst you are still actively submitting assignments, you should expect to be in contact with your tutor regularly. Remember, to get the most out of your tutor, you will need to tell them when you need assistance.

Pearson Edexcel IGCSE Examination Centres and Exam Dates

All Pearson Edexcel specification IGCSE Exams must be taken at a registered examination centre as a private candidate in a registered school or college. Most IGCSE examination centres in the UK will be independent or private schools who are offering that specification. Pearson Edexcel IGCSE exams can also be sat in over 150 countries through International Schools or British Consulates. 

We offer course materials and tutor support although we don't offer the examinations. An Examinations Officer can assist any registered student with finding centres and dealing with coursework forms, but we do not book exams on behalf of students and it is the students responsibility to book their own exams. 

Students are contacted in December/January prior to their examination window and advised to start arranging their examinations. If you would like to research exam centres prior to enrolment then you can visit the Pearson Edexcel page for private candidates which will provide a link to where you can search for centres in the UK.

Examination Dates and fees:

IGCSE exams are available in a Summer examination window (May/June) and some subjects are also available in a November examination window. Examination fees need to be paid direct to your chosen exam centre. Prices for exams will vary depending on the exam centre's administration costs.

Students can decide to study towards an examination window up to a two-year period (providing the specification and exams are available over that duration). Each IGCSE Course will take approximately 200 hours of study to complete so if you are unsure that you can complete the course prior to the next available exam window then we recommend aiming towards a later option. You can sign up for a course at any time although course tutors set closing dates for students aiming for each examination window.

Please Note - Closing Dates for Examination Windows:

  • The closing date for learners aiming towards Summer 2025 examinations will be 13 November 2024.
  • The closing date for learners aiming towards November 2025 examinations will be 12 June 2025.

The closing dates are set by tutors based on when they think it is reasonable for learners to be aiming for a particular examination window whilst taking into consideration the impact on student support. When closing dates have passed, we can only accept learners aiming towards the next available examination window e.g. Summer 2026, or if more time is needed then learners can choose to aim for the next exam window e.g. Summer 2027 providing the specification is still available. All learners are required to choose their intended exam window as part of their course application.

Please Note: German IGCSE, Spanish IGCSE and Science (Single Award) IGCSE are not currently available in the November examination window.

Predicted Grades & References

Predicted grades without a reference are available free of charge on request. If applying to a college or other further education establishment and you require a refernce with predicted grades then this is available at an additional cost of £45.00. A course advisor will discuss your predicted grades and progress with each individual tutor and put together a comprehensive reference that can be sent on your behalf. 

Please Note: Students need to have completed a minimum of four assignments per subject in order for us to have something to base our reference/prediction on. 

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