The Economics IGCSE Course is designed to follow the structure of the 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.

Each lesson of the Economics IGCSE course begins with a set of clearly stated objectives and an explanation of its place in the overall programme of study. The home study course consists of 4 lessons in total with 9 tutor marked assignments (TMAs) including 2 practice Exam assignments.

The course consists of the following 4 modules:

  • Module 1: The Market System

Topics Include: 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.

  • Module 2: Business Economics

Topics Include: Production; Economies of Scale; Competition; Monopoly and Oligopoly; & Public and Private Sectors.

  • Module 3: Government & the Economy

Topics Include: Macroeconomic Objectives (1); Macroeconomic Objectives (2); Government Economic Policy Instruments (1); & Government Economic Policy Instruments (1).

  • Module 4: The Global Economy

Topics Include: Globalisation; International Trade (1); International Trade (2); International Trade (3); Exchange Rates; & Revision.

The Syllabus:

The home study course is designed to prepare students for the Edexcel IGCSE in Economics (4EC1) for examinations in May/June 2020 or later years. Assessment is by two written papers (50% each).

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.


There are no prerequisites for starting this course.

Please Note: We cannot accept students who are under 18 years old on this course.

Additional Reading:

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

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

Technical Support:

Every student receives a personal 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 for contact.

There is no limit on how often you can contact your tutor. The advice and encouragement our tutors provide are an important part of your learning experience. You can contact your tutor by Phone, Post or Email. There are tutor-marked assignments (TMA's) in every course. These help the student to consolidate their learning and prepare for examinations.

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.

Examination Centres:

All IGCSE Exams must be taken at a registered examination centre as a private candidate. We offer course materials and tutor support although we are not an examination centre. An Examinations Officer can assist with finding centres and dealing with coursework forms for all registered students but we do not book exams on behalf of students.

If you would like to research exam centres prior to enrolment then we would advise contacting Edexcel for a list of Edexcel registered centres in your area. Edexcel exam centres are able to submit entries for any qualification that they are approved to offer.

Nearest Examination Dates:

Please review the IGCSE Overview page for detailed information on possible examination dates and procedures.

IGCSE Examination Fees:

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. You can find out further information about the Private Candidate process and locate suitable exam centres by contacting Edexcel .

Studying from Abroad:

It is possible to study any of our home study courses from anywhere in the world. The IGCSE is offered to students in over 150 countries. We advise contacting the British Council or your local schools and colleges to enquire if they can offer the Edexcel IGCSE examinations.

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