Subject Details

Why Study IGCSE Economics?

Economics is the study of how individuals, businesses, and governments allocate resources to meet the needs and wants of society. It is a subject that helps students develop a deep understanding of financial systems, markets, and economic policies. IGCSE Economics equips students with analytical and problem-solving skills, preparing them for careers in business, finance, banking, and policymaking.

The Cambridge IGCSE Economics course is designed to provide students with a broad knowledge of microeconomics and macroeconomics. Topics such as supply and demand, market structures, inflation, and international trade allow students to understand how economies function on both a small and large scale. By studying Economics, students gain the ability to evaluate economic decisions, interpret financial data, and predict market trends.

IGCSE Economics encourages students to apply theoretical knowledge to real-world economic issues such as economic growth, unemployment, and globalization. The subject also helps students develop a critical perspective on economic policies and how they impact businesses and individuals. These skills are essential for making informed financial decisions and succeeding in the modern world.

Global Recognition & Importance

Cambridge IGCSE Economics is widely recognized in international schools across the UK, UAE, India, Pakistan, and other countries. It provides students with a strong foundation for A-Level Economics and is highly valued by universities and employers. The subject enhances students' ability to think logically, make rational economic decisions, and analyze financial data, which are crucial skills for careers in business, government, and financial services.

Exam Format

The Cambridge IGCSE Economics assessment consists of structured and data-based questions that evaluate students' understanding of economic theories, real-world applications, and critical thinking skills.

✅ Paper 1: Multiple-Choice Questions (30 marks, 45 minutes)

📌 Consists of 30 multiple-choice questions covering all six sections of the syllabus.

📌 Assesses **knowledge and understanding (AO1)** and **analysis (AO2)**.

📌 Calculators may be used in the examination.

✅ Paper 2: Structured & Data-Response Questions (90 marks, 2 hours 15 minutes)

📌 **Section A:** One compulsory question (30 marks) requiring the interpretation of source material relevant to real-world economics.

📌 **Section B:** Three questions from a choice of four (each worth 20 marks), covering various economic concepts with short and extended responses.

📌 Questions may involve **calculations, diagrams, and stimulus-based analysis**.

📌 Assesses **knowledge (AO1), analysis (AO2), and evaluation (AO3)**.

How A* Quiz Helps

A* Quiz is an excellent tool for mastering Paper 1 by providing extensive practice with multiple-choice questions (MCQs) to reinforce key economic concepts and problem-solving techniques. Additionally, structured quiz sessions help students develop a strong grasp of real-world applications, enhancing their performance in Paper 2 by improving their ability to analyze, interpret data, and construct well-reasoned economic arguments.