Essential Insights into IGCSE Economics

Essential Insights into IGCSE Economics

Economics is not just a subject; it’s a lens through which we can view and understand the world. At Cambridge Home School Online (CHS), the IGCSE Economics course is crafted to offer students a panoramic view of this fascinating subject. In this course, students delve into the dynamics of economics at both national and international levels, preparing them for academic and professional success.

Why Study Economics?

Economics is everywhere. It’s in the decisions made by governments, the way companies operate, and even in our everyday choices. Understanding economics means understanding the forces that shape our world. By studying economics, students gain insights into crucial issues such as poverty, wealth, inequality, and global trade.

Course Curriculum and Learning Outcomes

The CHS IGCSE Economics curriculum is rich and varied, ensuring students gain a comprehensive understanding of both microeconomics and macroeconomics.

Key Learning Outcomes

  • Understanding Economic Fundamentals: Students start by exploring the basics of economics, including supply and demand, market structures, and economic resources.
  • Critical Thinking and Analysis: The course places a strong emphasis on developing students’ analytical skills, enabling them to critically evaluate economic data and trends.
  • Global Economic Perspectives: Learners gain an understanding of global economic issues, preparing them for further studies and careers in an interconnected world.

Course Structure and Content

The IGCSE Economics online course at CHS is divided into several key areas, each building upon the last to provide a thorough understanding of economic principles.

Main Topics

  1. Basic Economic Ideas and Resource Allocation: This area covers the fundamentals of economics, including how resources are allocated in different economic systems.
  2. The Price System and the Micro Economy: Students learn about market dynamics, pricing mechanisms, and how individual economic players interact.
  3. Government Microeconomic Intervention: This topic explores the role of government in microeconomics, including taxation, subsidies, and regulation.
  4. The Macro Economy: Here, students examine broader economic indicators like GDP, inflation, and unemployment.
  5. Government Macro Intervention: The course concludes with a study of government policies in managing the economy, such as fiscal and monetary policy.

Homework, Assessment, and Reporting

At CHS, we believe in the power of regular assessment and homework to reinforce learning.

Homework and Revision

  • Level 3 Students: Expected to complete at least one homework assignment per fortnight per subject.
  • Level 4 Students: Weekly assignments are the norm, encouraging continuous engagement with the material.

Assessment Strategy

  • Level 3 Assessments: Internal evaluations are conducted in June.
  • Level 4 Assessments: Students undergo mock assessments in November and March, with reports following each assessment period.

Parental Involvement and Progress Tracking

Parental involvement is key to student success at CHS. Through the family Teams account, parents can stay closely connected with their child’s academic journey.

Examinations and Qualifications

Examination Responsibility

  • Parents’ Role: It falls upon parents to arrange their child’s examinations at a registered centre, a policy reflecting CHS’s global student base.
  • Support from CHS: The school assists in locating suitable venues for written and practical examinations through its partnerships with various examination boards.

Qualifications Offered

  • CIE IGCSE (9-1) 0987 Economics (UK only)
  • CIE IGCSE (A-G) 0455 Economics*

These qualifications are highly respected and recognised globally, providing students with a firm foundation for further academic pursuits.


The IGCSE Economics course at CHS is an invaluable journey into the heart of economic understanding. It equips students with the knowledge and skills necessary to navigate and analyse the economic landscape, opening doors to higher education and diverse career opportunities.

Frequently Asked Questions (FAQ)

Course Focus and Assessment

  • What is the course’s main focus? The IGCSE Economics course at CHS is designed to enhance students’ understanding of the economic interactions between different agents and provide a strong foundation in economic concepts and analytical skills.
  • How are students assessed? Students undergo regular assessments to track and support their academic progress, with Level 3 assessments in June and Level 4 mock assessments in November and March.

Homework and Parental Tracking

  • What is the homework policy? The course requires Level 3 students to complete homework fortnightly and Level 4 students to engage with weekly assignments, fostering consistent learning and understanding.
  • How can parents track their child’s progress? Parents use the family Teams account for regular communication with teachers and detailed tracking of academic progress, supplementing the insights from annual parent consultation evenings.