Economics (9708)

Through the Cambridge International AS and A Level Economics syllabus, learners study how to explain and analyse economic issues and arguments, evaluate economic information, and organise, present and communicate ideas and judgements clearly.

The syllabus covers a range of basic economic ideas, including an introduction to the price system and government intervention, international trade and exchange rates, the measurement of employment and inflation, and the causes and consequences of inflation. Learners also study the price system, the theory of the firm, market failure, macroeconomic theory and policy, and economic growth and development.

We recommend students that register to this course, have an IGCSE certificate in First Language English with a minimum mark of C or an IGCSE certificate in English as a Second Language with a minimum mark of A. If registering students have completed a curriculum that is not Cambridge International in grades 9 and 10, they will be required to sit an entrance examination at our High School Campus.

Link to Syllabus: https://www.cambridgeinternational.org/Images/329552-2019-2021-syllabus.pdf

Key Concepts

Key concepts are essential ideas that help students develop a deep understanding of their subject and make links between different aspects. Key concepts may open up new ways of thinking about, understanding or interpreting the important things to be learned.

The key concepts for Cambridge International AS & A Level Economics are:

  • Scarcity and choice

The fundamental problem in economics is that resources are scarce and wants are unlimited, so there is always a choice required between competing uses for the resources.

  • The margin and change

Decision-making by individuals, firms and governments is based on choices at the margin; that is, once behaviour has been optimised, any change will be detrimental as long as conditions remain the same.

  • Equilibrium and efficiency

Prices are set by markets, are always moving in to and out of equilibrium, and can be both efficient and inefficient in different ways and over different time periods.

  • Regulation and equity

There is a trade-off between, on the one hand, freedom for firms and individuals in unregulated markets and, on the other hand, greater social equality and equity through the government regulation of individuals and markets.

  • Progress and development

Economics studies how societies can progress in measurable money terms and develop in a wider more normative sense.

Recognition and progression

Cambridge Internationals expertise in curriculum, teaching and learning, and assessment is the basis for the recognition of Cambridge International programmes and qualifications around the world. Every year thousands of students with Cambridge International AS & A Levels gain places at leading universities worldwide. They are valued by top universities around the world including those in the UK, US (including Ivy League universities), Europe, Australia, Canada and New Zealand.

UK NARIC, the national agency in the UK for the recognition and comparison of international qualifications and skills, has carried out an independent benchmarking study of Cambridge International AS & A Level and found it to be comparable to the standard of AS & A Level in the UK. This means students can be confident that their Cambridge International AS & A Level qualifications are accepted as equivalent, grade for grade, to UK AS & A Levels by leading universities worldwide.

Cambridge International AS Level Economics makes up the first half of the Cambridge International A Level course in economics and provides a foundation for the study of economics at Cambridge International A Level. Depending on local university entrance requirements, students may be able to use it to progress directly to university courses in economics or some other subjects. It is also suitable as part of a course of general education.

Cambridge International A Level Economics provides a foundation for the study of economics or related courses in higher education. Equally it is suitable as part of a course of general education.

Resources

The following are the preferred resources at Istanbul International School:

  • Cambridge AS/A Level Economics 9708 Coursebook
  • Variety of resources determined by teacher

 

Cambridge International Examinations

AS Level candidates take:

i

Paper 1

Multiple Choice – 40% (1 hour)

30 multiple choice questions based on the AS Level syllabus content

Externally assessed

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Paper 2

Data Response and Essay – 60% (1 hour 30 minutes)

Section A: one data response question

Section B: one structured essay from a choice of three

Based on the AS Level syllabus content

Externally assessed

A Level candidates take:

i

Paper 1

Multiple Choice – 20% (1 hour)

30 multiple choice questions based on the AS Level syllabus content

Externally assessed

i

Paper 2

Data Response and Essay – 30% (1 hour 30 minutes)

Section A: one data response question

Section B: one structured essay from a choice of three

Based on the AS Level syllabus content

Externally assessed

i

Paper 3

Multiple Choice – 15% (1 hour 15 minutes)

30 multiple choice questions based on the A Level syllabus content

Externally assessed

i

Paper 4

Data Response and Essays – 35% (2 hours 15 minutes)

Section A: one data response question

Section B: two essays from a choice of six

Based on the A Level syllabus content

Early Years

Our programme is designed to encourage a balance of child initiated and teacher facilitated activities. The programme offers children a variety of choices. The environment includes art, dramatic play, maths, language work, enjoying books, art, music, water and sand play, science activities, and so on. Our goals include the encouragement of each child’s natural curiosity and interest in learning.

Primary School

Our School’s primary curriculum is built around the need to provide knowledge skills and understanding arranged by subject under three areas of study, environmental studies, life skills and the expressive arts. Our primary grades 1 – 4 are equivalent to Years 2 – 5 in the Cambridge Curriculum.

Middle School

The Middle School is an important bridging period between Primary School and High School. Our Middle School Grades 5 – 8 are equivalent to Years 6 – 9 in the Cambridge Curriculum.

IGCSE

Cambridge IGCSE™ is the world’s most popular international qualification for 14 to 16 year olds, although it can be taken by students of other ages. It is tried, tested and trusted. It is taught by over 4800 schools in 146 countries. The programmes balance a thorough knowledge and understanding of a subject and help to develop the skills learners need for their next steps in education or employment.

AS/ Level

The A Level syllabuses prepare learners for university study, which is why universities worldwide value and recognise Cambridge International AS & A Level qualifications.