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IGCSE Economics is a great building block to A-Levels but also an interesting subject in its own right.

You will study both basic micro-economics and macro-economics.

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IGCSE Economics (9-1) Online Course

Course code:4EC1

Delivery method: Online

Course duration: 12 Months

Entry requirements: No prior qualification needed

Award achieved: Edexcel IGCSE Economics

Awarding body: Edexcel

You will also gain an appreciation of business economics as well as understanding how global economics function.

Upon successful completion of the exam and practical assessments (as administered by Edexcel), you will have achieved an internationally recognised Edexcel IGCSE Economics (4EC1) qualification.

The course provides opportunities to gain skills that will support progression to further study of Economics, and to enhance future educational or employment prospects. Economics qualifications can be particularly valuable for students wishing to progress into accountancy or financial careers; accountant graduates tend to have excellent employment prospects*, allowing many students to work in a range of global sectors and industries.

This course is divided into 2 unit of study:

Unit 1: Microeconomics and Business Economics – Paper code: 4EC1/01

Exam Availability: May/ June

Written examination: 1 hour 30 minutes

Unit 2: Macroeconomics and the Global Economy – Paper code: 4EC1/02

Exam Availability: May/ June

Written examination: 1 hour 30 mins

You will also sit a:

Formative Assessment: Activities, multiple choice assessments, short answer and tutor marked mock exam

Summative Assessment: Final exam sat over a single paper

The Pearson Edexcel International IGCSE in Economics is comprised of the following sections:

Microeconomics and Business Economics

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

Macroeconomics and the Global Economy

Government and the economy:

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

The Global economy:

  • Globalisation
  • International trade
  • Exchange rates
  • The Edexcel IGCSE Economics qualification is gained once the exam papers are successfully completed. These exams are administered by Edexcel and assessment centre details will be included with your course, as well as practice papers so that you are more than prepared for your assessments. In addition, there will be a number of tutor marked assessments (TMAs) to ensure that you have a thorough understanding of the course materials, with the tutor sending comments to guide you through any areas of potential difficulty, as well as a range of self-assessments that are indicators that you understand the materials as you work through them. These are for your own information, and do not need to be shown to your course tutor.


    The course is primarily an online course using a Learning Management System (LMS).

    The online course has many features that cannot be printed such as embedded videos, forums and interactive tests.

    The course includes Tutor Marked Assessments which you access and submit through the online system.

    Our IGCSE courses come with tutor feedback and support by email for 12 months. They will mark your TMAs and provide valuable guidance through any trickier parts of the course whenever you need it. You will also receive a study guide to help you with all aspects of studying, essay writing and general student skills.



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    All the information you need to complete your course will be included in your study guide. Once you have your course you will be good to go!

    Everyone at Oxford College Of Education wishes you the best of luck on your studying journey! We know it’s both rewarding and challenging and ultimately what a difference that qualification will make to your career path and life.

    Good luck!