Page 9 - SSLSD IAL handbook

9

Economics

Content overview

In year 12, students will learn consumer behaviour, how markets work, government intervention to
control market failure and challenges faced by the government in micro economics. They will also
explore measures of a country’s performance and macroeconomic policies of the government to
improve an economy.

In year 13, students will learn business economics and types of different market structures including
the labour market. They will also study international economics including world trade and exchange
rates. Finally, they will be introduced to developments in the global economy where poverty,
inequality and public finance is covered.

Assessment overview
Exam Total marks Duration Course of study
Unit 1 - Markets in Action 80 1 hour and 45 minutes Year 12

Unit 2: Macroeconomic Performance and 80 1 hour and 45 minutes Year 12
Policy
Unit 3: Business behaviour 80 2 hours Year 13
Unit 4: Developments in the global 80 2 hours Year 13
economy

Prior learning and other requirements
IGCSE Economics or Business (or equivalent) at grades 9 to 5 would be required to follow IAL
Economics.

Progression

Students can progress from this qualification to:

 Higher-education courses such as an economics degree with a focus on theory, or a degree
in applied economics, such as environmental economics, labour economics, public sector
economics or monetary economics. Alternatively, students may choose to go on to study a
business economics, mathematical economics or business degree
 A wide range of careers ranging from finance, banking, insurance, management and
consultancy, leading to becoming professional economists.