In a world often dominated by economic news and events this course develops an understanding of them. Students study a range of different topics, all of which are relevant to events in the world around them. It also provides a useful qualification.
Even if you are not thinking of a career in business, most students will get a job which pays a salary some of which you will want to invest, how are you going to make the right choices about this? A knowledge of economics will help you with this.
Most students will vote in elections often dominated by economic debates, again IGCSE economics will provide an understanding of what is happening.
IGCSE Economics topics
• Basic Economics Problem.
• Supply and Demand
• Private and public sector organizations
• Competition and Monopoly
• Wages and trade unions
• Economic Systems
• GDP and Living standards
• International trade and exchange rates
• Economic Growth
• Development economics
All of these topics are studied using a range of news articles from different media sources, these include local newspapers, internet news sites such as the BBC and CNN, and television news reports. For example supply and demand is linked to the price of video games consoles.
The unique feature of economics is that while the topics and theories remain the same each year, students apply them to different events which are actually happening around them now.