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Overview

The Economics curriculum for the International Stream prepares students for the rigorous academic standards of Pearson Edexcel International Advanced Level (IAL) in Economics. The course fosters a critical understanding of microeconomic and macroeconomic theories within local, national, and global contexts. Grade 11 (IAS) focuses on market mechanisms, market failure, government intervention, aggregate demand and supply, and macroeconomic performance. Grade 12 (IAL) advances into business behaviour, market structures, labour markets, global trade, exchange rates, and international development, equipping students with analytical, quantitative, and evaluative skills for university study and global careers.

 

Curriculum Goals

By the end of this course, students will be able to:

  • Show a thorough understanding of core microeconomic and macroeconomic theories, models, and policy instruments across all four examination units.
  • Use quantitative skills such as calculating elasticities, index numbers, multiplier effects, revenues, costs, and terms of trade to solve real-world economic problems.
  • Critically analyze market structures, firm objectives, price determination, and labour market dynamics using marginal analysis and economic diagrams.
  • Assess macroeconomic policies, market failures, protectionism, globalisation, inequality, and international development strategies.
  • Write extended analytical essays and data-response evaluations with logical chains of reasoning and perceptive, evidence-based judgements.

 

Key Skills Developed

  • Quantitative and Financial Competence: Economic calculations such as elasticities, CPI inflation rates, national income multipliers, cost and revenue metrics, and concentration ratios.
  • Diagrammatic and Analytical Modelling: Constructing and interpreting economic models, including supply and demand, market externalities, production possibility frontiers, AD/AS models, and market structure diagrams.
  • Global Economic Evaluation: Assessing international trade patterns, exchange rate fluctuations, trade protectionism, balance of payments, and macroeconomic growth policies.
  • Critical Evaluation & Extended Writing: Building balanced, well-contextualized arguments and supported recommendations in response to economic case studies and contemporary policy dilemmas.