Economics develops understanding of markets, government policy and international trade using diagrams, data and clear argument.
Form 1–4 (IGCSE)
- Basic economic problem; demand & supply; price determination
- Elasticities; market failure and government intervention
- Firms, production and competition
- Macroeconomic objectives and indicators
- International trade, exchange rates and globalisation
Form 5–6 (AS/A Level)
- Micro: consumer and producer theory; market structures
- Market efficiency, externalities and information
- Macro: AD/AS, policy tools, inflation, growth and unemployment
- Open economy: trade, exchange rates and development
- Applied analysis of current economic issues