AWE Club – Online Economics IGCSE Information

Online Economics IGCSE
Teacher – Helen

AWE Club - Online Economics

Starts September 2022 for exam Summer 2024
Tuesdays for 2 hours 10am to midday


Economics will develop your understanding of how the world works, from individuals to local businesses to global corporations. You will look at theories of economics, and then by looking at actual firms the students combine the theory with what they see around them. It makes it all very interesting!

In what type of markets do McDonalds and Apple operate in? How do these market structures affect their behaviour? Why is cheaper to buy a carrot than a pineapple? When should a firm shut down? How does a business maximise profits? How is inflation calculated? You’ll learn about the impact global markets have on us as countries, and how governments can influence things like inflation, taxes, wages…

Economics will give you an awareness of how modern-day society works. You will develop a greater understanding of how businesses function and what roles we play in affecting the economy.

You will have a few core texts and then you will be reading case studies of actual businesses, articles and looking at graphs.

The course will be taught over a two year period. This course is suitable not only for students wishing to take the GCSE exam, but also students with an interest in economics. Students may start at any stage, but must complete two years if they wish to cover the entire content of the GCSE. An one year course could also be an option though.

Topics
Each module will help you build your knowledge of modern-day economics. Units you’ll cover include:

  • Resource allocation- land labour, capital and entrepreneurship
  • How prices are determined
  • Production, costs, revenue and profit
  • Types of firms
  • Market failure- taxes and subsidies
  • Introduction to the national economy
  • Inflation
  • Interest rates
  • International trade and the global economy
  • The role of money and financial market

Structure
Each week, students complete a reading assignment, watch a video, answer questions based on the topic and do a data question. They also attend a one-hour webinar, where they’ll look in more detail at some of the themes in the books. However, I do not insist on homework being sent to me. Some students wish to only view classes to understand more about economics. If the intention is to sit exams at the next suitable opportunity and the classes with me are the sole means of studying IGCSE economics it is recommended that students complete additional work through the homework tasks so that I can mark and give comments.

Speaking in class is optional. The chat box works well for students to ask and answer questions, if they wish. I have worked with children that have special needs and am sensitive to that.

The sessions will go over the course material and provide lots of exam practice with questions that have been found on past papers, so is an excellent way to prepare students for the exam alongside one of the many revision guides available to purchase online.

Exams
Parents book the exams at an exam centre near them.