Economics IGCSE Course

£ 306.36

Learn economics online at the Distance Learning Centre Economics IGSCE course. Units cover the Market System, Business economics and Global Economy.

Course Description

The Economics IGCSE Course is designed to follow the structure of the Edexcel 4EC1 specification and is divided into four separate modules. This home study course will help you develop your knowledge as you are taken on a tour of the world of economics, exploring topical issues that affect each one of us every day.

Economics is concerned with the interdependent behaviour of consumers, producers and governments as they allocate and distribute scarce resources. Economics involves the investigation of the allocation of scarce resources to the production and distribution of income and wealth. Business provides an important context in which economists study resource allocation.

Each lesson of the Economics IGCSE course begins with a set of clearly stated objectives and an explanation of its place in the overall programme of study. The home study course consists of four lessons in total with nine tutor marked assignments (TMAs) which include 2 practice exam assignments.

Specification and Exams

The Economics IGCSE home study course is designed to prepare students for the Edexcel IGCSE Economics (4EC1) Specification for examinations in May/June 2021 or later years. Assessment is by two written papers.

  • Exam Paper 1: Microeconomics and Business Economics (1 Hour, 30 Minutes) is 50% of the total marks. The exam consists of four compulsory questions, each worth 20 marks. The sub questions are a mixture of multiple-choice, short-answer, data response and open-ended questions.
  • Exam Paper 2: Macroeconomics and the Global Economy (1 Hour, 30 Minutes) is 50% of the total marks. The exam consists of four compulsory questions, each worth 20 marks. The sub questions are a mixture of multiple-choice, short-answer, data response and open-ended questions.

Course Syllabus

The Economics IGCSE Home Study Course is Divided into Four Modules Containing 21 Lessons:

The Module Includes the Following Lessons: The Basic Problems of Economics; The Price System – Demand and Supply; Equilibrium Price; Elasticity of Demand; Elasticity of Supply; and Wages and Employment in a Free Economy.
The Module Includes the Following Lessons: Production; Economies of Scale; Competition; Monopoly and Oligopoly; and Public and Private Sectors.
The Module Includes the Following Lessons: Macroeconomic Objectives (1) Unemployment and Inflation; Macroeconomic Objectives (2) Growth, Balance of Payments, Environment; Government Economic Policy Instruments (1) Demand side, supply side (1); Government Economic Policy Instruments (2); and Demand side, supply side (2).
The Module Includes the Following Lessons: Globalization; International Trade (1) Why trade? Barriers; International Trade (2) Imports & Exports; EU Trade; International Trade (3) Trading blocs, WTO; Exchange Rates; and Revision.


There are no prerequisites for starting this course. We don’t recommend that you should study more than 5 GCSE or IGCSE courses at any one time.

Please Note: We cannot accept students who are under 16 years old on this course. All applications are subject to acceptance from our course advisory team.

Additional Reading

No additional reading is required to complete this course although we do recommend the following text book for supplementary reading:

  • Edexcel International GCSE Economics Student Book with ActiveBook CD by Rob Jones (ISBN-13: 978-0435991289).

Duration & Support

Students will be supported until their chosen examination window. Every student receives a personal tutor with whom they should keep in regular contact. All tutors are fully qualified experienced teachers holding either a Postgraduate Certificate in Education or a degree in education. Most work from home and are able to offer flexible contact times. The tutor will contact students with an introductory letter and a telephone call to help decide on a study plan. They will also let the student know the best ways and times for contact.

There is no limit on how often you can contact your tutor. The advice and encouragement our tutors provide are an important part of your learning experience. You can contact your tutor by Phone, Post or Email. There are tutor-marked assignments (TMA’s) in every course. These help the student to consolidate their learning and prepare for examinations.

All tutors have a Freephone 0800 telephone number and most will have Skype capabilities. Whilst you are still actively submitting assignments, you should expect to be in contact with your tutor regularly. Remember, to get the most out of your tutor, you will need to tell them when you need assistance.

Edexcel IGCSE Examination Centres and Exam Dates

All Edexcel specification IGCSE Exams must be taken at a registered examination centre as a private candidate. Most examination centres in the UK will be independent or private schools. Edexcel IGCSE exams can also be sat in over 150 countries through International Schools or British Consulates.

We offer course materials and tutor support although we don’t offer the examinations. An Examinations Officer can assist any registered student with finding centres and dealing with coursework forms, but we do not book exams on behalf of students and it is the students responsibility to book their exams. If you would like to research exam centres prior to enrolment then you can visit the Edexcel page for private candidates.

Examination Dates and Exam fees:

Most IGCSE examinations are only available in the Summer examination window although some exams (Sciences and Maths) can be sat in a January examination window. We recommend students aim for the Summer examination window as there are less centres available for the January exams. If students are aiming towards the January exams, we recommend finding a centre before enrolling on the course. Examination fees need to be paid direct to your chosen exam centre. Prices for exams will vary depending on the exam centre’s administration costs.

Please Note: The nearest examination window we can accept students aiming towards is now Summer 2022.

Any student aiming for the Summer 2022 examination window will need to be enrolled on the course by 14 November 2021. Students can aim towards Summer 2023 exams if that is their preference, providing the specification is still available.

Predicted Grades & References

Predicted grades without a reference are available free of charge on request. If applying to a college or other further education establishment and you require a refernce with predicted grades then this is available at an additional cost of £45.00. A course advisor will discuss your predicted grades and progress with each individual tutor and put together a comprehensive reference that can be sent on your behalf. 

Please Note: Students need to have completed a minimum of four assignments per subject in order for us to have something to base our reference/prediction on. 

Additional information

Course Format

Paper Based Materials

Self-Study Time

Approximately 200 Hours (Self-Study)

Delivery Time

7 Working Days (Courier Service)