{"id":4274,"date":"2026-06-26T09:01:02","date_gmt":"2026-06-25T23:01:02","guid":{"rendered":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/?page_id=4274"},"modified":"2026-06-26T09:01:02","modified_gmt":"2026-06-25T23:01:02","slug":"cambridge-economics","status":"publish","type":"page","link":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/academic-guide-years-9-10\/elective-courses\/cambridge-economics\/","title":{"rendered":"Cambridge IGCSE Economics"},"content":{"rendered":"\n<p class=\"page-intro wp-block-paragraph\">A Cambridge IGCSE Elective<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Note: IGCSE Economics is an academic subject and not vocational based. Candidates considering this course should do so with an understanding that it is 100% externally assessed and requires a certain writing standard.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Course Description<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cambridge IGCSE Economics focuses on how scarce resources are organised in a world that faces many challenging economic and environmental issues. Studying this subject provides learners with the opportunity to learn about the basic economic concepts; how to explain, analyse and evaluate economic issues; and organise, present and communicate ideas clearly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cambridge IGCSE Economics encourages learners to be:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Confident,<\/strong>&nbsp;in using the terminology, concepts, theories and principles of economics, creating a good foundation in the subject<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Responsible,<\/strong>&nbsp;by being able to consider the consequences of economic decisions, including the impacts of those decisions on people and the environment<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Reflective,&nbsp;<\/strong>by considering different sides of an economic argument and being aware of the possible uncertainties of alternative decisions and outcomes<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Innovative,<\/strong>&nbsp;through the application of economic knowledge and understanding to current and future economic challenges<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Engaged<\/strong>, through the development of economic awareness and by being able to participate constructively in society and the economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Course Aims<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Enable students to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>explore the purpose and role of economists in investigating economic issues and problems<\/li>\n\n\n\n<li>build a confident working knowledge of key economic terms, concepts and theories<\/li>\n\n\n\n<li>use the tools of economic analysis to interpret different types of data and information<\/li>\n\n\n\n<li>analyse possible outcomes for economic problems and express ideas logically<\/li>\n\n\n\n<li>consider how issues such as population change, globalisation and environmental sustainability can impact economic policy-making<\/li>\n\n\n\n<li>discover the impact and importance of economics, inspiring an interest that could lead to further study or employment.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Content Overview<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">All learners will study the following topics:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The basic economic problem<\/li>\n\n\n\n<li>The allocation of resources<\/li>\n\n\n\n<li>Microeconomic decision-makers<\/li>\n\n\n\n<li>Government and the macroeconomy<\/li>\n\n\n\n<li>Economic development<\/li>\n\n\n\n<li>International trade and globalisation<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Assessment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">All candidates take two papers.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong><br>Paper 1<\/strong><\/td><td><strong>Paper 2<\/strong><\/td><\/tr><tr><td><strong>Style<\/strong><\/td><td>Multiple choice (40 marks)<\/td><td>Structured questions (Short answer and longer form)<\/td><\/tr><tr><td><strong>Weighting<\/strong><\/td><td>30%<\/td><td>70%<\/td><\/tr><tr><td><strong>Time<\/strong><\/td><td>1 hour<\/td><td>2 hours<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>A Cambridge IGCSE Elective Note: IGCSE Economics is an academic subject and not vocational based. Candidates considering this course should do so with an understanding that it is 100% externally assessed and requires a certain writing standard. Course Description Cambridge IGCSE Economics focuses on how scarce resources are organised in a world that faces many [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"parent":3198,"menu_order":14,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-4274","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/4274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/comments?post=4274"}],"version-history":[{"count":1,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/4274\/revisions"}],"predecessor-version":[{"id":4275,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/4274\/revisions\/4275"}],"up":[{"embeddable":true,"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/pages\/3198"}],"wp:attachment":[{"href":"https:\/\/www.newington.nsw.edu.au\/academic-guides\/wp-json\/wp\/v2\/media?parent=4274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}