International GCSE Economics

International GCSE Economics

More than at any time in history the economies of the world are interdependent.  This stimulating course introduces a variety of topical issues that affect each of us everyday – whether we like it or not.  What is the link between inflation and unemployment? What factors might lead to a world wide economic crash?  This course takes you on a tour of the world of economics and answers these and other key economic questions along the way.

We are now also enrolling on the new syllabus Economics IGCSE towards exams in Summer 2019 and beyond. This will be under the new Edexcel Syllabus 4EC1.


The Economics international GCSE course is designed to match the Edexcel 4EC0 specification and is divided into four modules, as follows:

A The Market System

  • Demand and supply
  • The role of the market in solving the economic problem
  • The labour market

B Business Economics

  • Production
  • Competition
  • Public and private sectors

C Government and the Economy

  • Macroeconomic objectives
  • Policies
  • Relationship between objectives and policies

D The Global Economy

  • Globalisation
  • International trade
  • Exchange rates

Oxford Open Learning’s International GCSE Economics course is designed to prepare students for the Edexcel IGCSE in Economics (4EC0) for last examination in June 2018.

We are also offering the new Edexcel Syllabus 4EC1 for exams in Summer 2019 and beyond.


For Summer 2018 exams:

Assessment is by one 2-hour 30 minute examination.

For Summer 2019 exams:

  • Paper 1: Microeconomics and Business Economics- 1 hour, 30 minutes. 50%
  • Paper 2: Macroeconomics and the Global Economy- 1 hour, 30 minutes. 50%

Supporting Resources

Economics IGCSE FAQs

The international GCSE Economics is of the same level as a GCSE and is examined by Edexcel, one of the UKs most trusted examination boards. A key difference is that IGCSE Economics does not include any classroom controlled assessment, making it convenient for distance learners.

The Econoics International GCSE qualification is accepted as at least the equivalent of GCSE in UK sixth form colleges, FE colleges, universities and other HE institutions.

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