International GCSE Economics

The International GCSE Economics course will help you to understand economic problems, issues and possible solutions that affect economies. You will learn to apply everything you learn to real-life situations. Students will learn to appreciate interrelationships between microeconomics and macroeconomics.

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Course Description

The International GCSE Economics course is ideal for anyone wishing to gain knowledge and understanding of this subject. It will apply economic theory to support analysis of current economic problems and issues. This course will allow students to relate what they are learning around them locally, nationally and globally.


Economics (Microeconomics and Business Economics) Paper 1 Paper Code: 4EC1/01

Economics (Macroeconomics and the Global Economy) Paper 2 Paper Code: 4EC1/02


Economics Paper 1 Paper Code: 0987/01

Economics Paper 2 Paper Code:0987/02


The course will be delivered online including Tutor Support for two years. All assignments are marked by one of our professional Tutors who will offer regular feedback and guide you through your course. Postal assignments cannot be accepted without prior permission from the tutor and you must have access to email in order to contact your Tutor.

You will be provided with the telephone number for your dedicated Student Support Team who will be available for any other queries that you may have whilst completing your course. You can be assured that you will receive unlimited support for your home study course, so there is no need to struggle or feel isolated during your studies.


The course contains a number of assignments which your tutor will mark and give you valuable feedback on. You will also have access to a range of online resources.

Students will be required to arrange and pay for their examinations at an approved centre when an examination forms part of the course. We can provide an extensive list of these centres for you.




The market system


  • The economic problem
  • Economic assumptions
  • Demand, supply and market equilibrium
  • Elasticity
  • The mixed economy
  • Externalities


Business economics


  • Production
  • Productivity and division of labour
  • Business costs, revenues and profit
  • Business competition
  • The labour market

Government intervention


Government and the economy


  • Macroeconomic objectives
  • Government policies
  • Relationships between objectives and policies


The global economy


  • Globalisation
  • International trade
  • Exchange



The basic economic problem


  • The nature of the economic problem
  • The factors of production
  • Opportunity cost
  • Production possibility curve diagrams (PPC)


The allocation of resources


  • Microeconomics and macroeconomics
  • The role of markets in allocating resources
  • Demand
  • Supply
  • Price determination
  • Price changes
  • Price elasticity of demand (PED)
  • Price elasticity of supply (PES)
  • Market economic system
  • Market failure
  • Mixed economic system


Microeconomic decision makers


  • Money and banking
  • Households
  • Workers
  • Trade unions
  • Firms
  • Firms and production
  • Firms’ costs, revenue and objectives
  • Market structure


Government and the macroeconomy


  • The role of government
  • The macroeconomic aims of government
  • Fiscal policy
  • Monetary policy
  • Supply-side policy
  • Economic growth
  • Employment and unemployment
  • Inflation and deflation


Economic development


  • Living standards
  • Poverty
  • Population
  • Differences in economic development between countries


International trade and globalisation


  • International specialisation
  • Globalisation, free trade and protection
  • Foreign exchange rates
  • Current account of balance of payments

Q & A

Will I require any previous knowledge to start this course?

You do not need any prior learning knowledge or experience to take this course. This course is openly available to anyone who wishes to take part in a highly rewarding home study course, although you would be expected to have a reasonable standard of literacy. You have the freedom to start the course at any time and continue your studies at your own pace for a period of up to 2 years from initial registration with the full support of your Tutor.

What is included with this course?

  • In-depth study materials covering the full specification
  • Two years tutor support
  • Assignment marking and feedback

Will I need to purchase any books?

You will not need to purchase any books as we cover everything that is required in the course materials unless otherwise stated on the course page.

Are there any additional costs?

Students will be required to arrange and pay for their examinations at an approved centre. We can provide an extensive list of these centres for you.

I live overseas, would I be able to take this course?

Yes, this course is available to international students, however if there is an examination at the end of the course, please contact us at [email protected] in order that we can advise you further.

Do I have to pay delivery?

For paper-based courses, delivery is free to the UK. A delivery fee will be payable for paper-based courses sent outside the UK. Please click here for delivery information.

How many hours should I allow for this course?

We recommend that you are able to dedicate between 120 and 150 hours’ study time, plus additional time for completing assignments.

Can I complete this course sooner if I wish to?

Yes, you can work at your own pace to complete this course.

What is the course title and code for this qualification?

Edexcel IGCSE Economics course code:4EC1


CIE IGCSE Economics course code: 0987

Awarding Organisation


Edexcel was formed in 1996 by the merger of the Business & Technology Education Council (BTEC), the country’s leading provider of vocational qualifications, and the University of London Examinations & Assessment Council (ULEAC), one of the major exam boards for GCSEs and A levels.

In the UK, Edexcel work with more than 5,000 secondary schools, 450 further education colleges, 70 higher education institutions and more than 700 employers and training providers. As the company responsible for marking the national Key Stage 2 and 3 tests, they are also now working with 20,000 junior schools. Internationally, Edexcel operate in 112 countries and every year more than four million people trust their respected learning programmes and qualifications.


University of Cambridge International Examinations

Cambridge International Examinations is the world’s largest provider of international education programmes and their qualifications are taken in over 160 countries and recognised by universities, education providers and employers across the world.


knowledgeable-tutors-onlineCourse fees for payment in full include:

  • Course materials which will cover the full Edexcel specification.
  • Assessment and feedback on all assignments.
  • Access to your personal Tutors via our online portal.
  • Access to a range of online resources.
  • Access to the NUS student card.
  • Tutor references once a satisfactory amount of work has been completed.
  • Free CV writing service on completion of course.


Pay in Full
One-off Payment
Access to Online Portal
Access to Study Materials
Access to Student Resources
Unlocked Printable Version
Tutor SupportUnlimited for 12 months
Assignment SubmissionsPriority
Pay in Full
One-off Payment

Are you interesed in this course?

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