IGCSE Economics
Understand how economies work — from household decisions and market forces to global trade and government policy
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About IGCSE Economics
Cambridge IGCSE Economics develops learners’ understanding of economic theory, terminology and principles, and helps them to apply this understanding in real-world contexts. Learners study the nature of economic activity, the market system and the role of government, the macroeconomy and its development, and international trade and globalisation. The subject encourages analytical thinking, interpretation of data, and the ability to evaluate economic policies — skills that are invaluable both in further study and everyday life.
Full syllabus coverage — micro & macro
Expert Cambridge-trained economists
Real-world case study analysis
Data response & essay technique
Core Economics
The Core syllabus introduces the fundamental principles of economics — covering the basic economic problem, markets, microeconomic agents, government policy, and development economics. Ideal for students aiming for grades C to A*.
Key Topics:
- Basic Economic Problem - scarcity, choice, opportunity cost, and the production possibility curve
- The Allocation of Resources - market systems, demand and supply, price determination, market failure
- Microeconomic Decision Makers - money, banking, households, workers, firms and types of business organisation
- Government and the Macroeconomy - government economic aims, fiscal policy, monetary policy
- Economic Development - living standards, poverty, population, differences in economic development
Extended Economics
The Extended syllabus builds upon all Core content with greater analytical depth — introducing elasticity calculations, market structures, national income accounting, advanced macroeconomic policy, and international finance. Designed for students targeting grades A to A*.
Key Topics:
- Advanced Demand & Supply Analysis - elasticities (PED, PES, YED, XED) with quantitative calculations
- Market Structures - perfect competition, monopoly, monopolistic competition, oligopoly
- National Income Accounting - GDP, GNP, measuring economic growth and business cycles
- Macroeconomic Policy - aggregate demand and supply analysis, policy conflicts and trade-offs
- International Trade & Finance - comparative advantage, exchange rates, balance of payments, globalisation
Core Economics - Exam Paper Coverage
Our comprehensive program covers all examination components to ensure you’re fully prepared for success
Paper 1
Multiple Choice - 30 questions covering Core Economics content across all syllabus sections
⏱ Duration:
45 minutes
📑 Total Marks:
30 marks
Paper 2
Structured Questions - Four compulsory structured questions drawn from Core syllabus content requiring analysis and written responses
⏱ Duration:
1 hour 15 minutes
📑 Total Marks:
90 marks
Our Preparation Approach:
- Complete topic coverage aligned with exam board syllabus
- Timed mock exams under exam conditions
- Practical/ATP skills development with hands-on training
- Practice with past papers from previous years
- Detailed marking schemes and examiner tips
- Personalized feedback on performance
Extended Economics - Exam Paper Coverage
Our comprehensive program covers all examination components to ensure you’re fully prepared for success
Paper 1
Multiple Choice Extended - 30 questions covering Core and Extended Economics content
⏱ Duration:
45 minutes
📑 Total Marks:
30 marks
Paper 2
Structured Questions Extended - Four compulsory questions requiring higher-order analysis, evaluation, and application of both Core and Extended content
⏱ Duration:
1 hour 45 minutes
📑 Total Marks:
90 marks
Paper 3
Extended Response - Two data-response questions with essay-style answers requiring evaluation, policy assessment, and real-world economic application
⏱ Duration:
1 hour 30 minutes
📑 Total Marks:
60 marks
Our Preparation Approach:
- Complete topic coverage aligned with exam board syllabus
- Timed mock exams under exam conditions
- Practical/ATP skills development with hands-on training
- Practice with past papers from previous years
- Detailed marking schemes and examiner tips
- Personalized feedback on performance
Key Topic Areas We Cover
Scarcity & Choice
Opportunity cost, production possibility curves, resource allocation, and the fundamental economic problem.
Demand & Supply
Factors affecting demand and supply, market equilibrium, price mechanism, and elasticity calculations.
Market Failure & Government
Externalities, public goods, government intervention, taxation, subsidies, and price controls.
Business & Firms
Types of business organisations, costs and revenues, profit maximisation, and market structures.
Macroeconomics
National income, economic growth, inflation, unemployment, and the business cycle.
International Trade
Comparative advantage, protectionism, exchange rates, balance of payments, and globalisation.
Student Success Stories - Economics
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Recommended Cambridge Resources
Cambridge IGCSE Economics
Coursebook by Susan Grant
We Use Official Cambridge Materials
- Cambridge IGCSE Economics Coursebook
- Cambridge IGCSE Economics Workbook
- Cambridge IGCSE Economics Revision Guide
- Past examination papers and marking schemes
- Data response and case study practice packs