IGCSE Economics students gain an understanding of economic theory, terminology, and principles. Students in this course learn about different countries’ economic strategies, as well as their interdependence and impact on the global economy. Students also learn how to process various types of economic data using economic data analysis tools.
The IGCSE Economics syllabus consists of 6 topics which are:
- The Basic Economic Problem
- The Allocation of Resources
- Microeconomic Decision Makers
- Government and The Macroeconomy
- Economic Development
- International Trade and Globalization
The syllabus includes and develops the ability to use basic economic numeracy and literacy which helps in the daily decision-making process, uses examples from a variety of economies, and lays an excellent foundation for advanced study in economics. The primary goal of the course is to develop an understanding ability to process economic data and literacy to draw the correct conclusions. This course also serves as a solid foundation for furthering one’s studies in economics.