IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => IGCSE/ GCSE => Commerce => Topic started by: ShiningStar on September 09, 2010, 07:59:40 pm
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I am really confused about whether to go for Economic or Business this June ??? Which one is Easier with better results?
I have alredy taken 5 IGCSE subjects: Math, Chemistry ,Bio , ESL and Phy and um planing to take ICT and Accounting this June too isA.
By the way, it is the first time to post here :)
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Welcome
I suggest u take Economics cuz Business is useless .*this is of what i've heard * :)
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Economics is a more labour intensive subject compared to Business St.. However, if you continue it in A Levels it gives you the most amount of credits for uni compared to all other subjects.
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thanks alot for your advices :)
my questions here is whether economics contains a wide range of theories that are difficult to recall and apply or not? and what is economics syllubus is mainly about?
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I thought that it was some sort of debate. ::) :P
Economics is divided into two parts.
- MacroEconomic
- MicroEconomic
Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indices to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance. In contrast, microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets.
BASIC CONCEPTS (Chapter 1-2)
Chapter 1 Introduction to Economics
1. 1 Definition and Nature
1. 2 Macro and Microeconomics
1. 3 Positive and Normative Science
1. 4 Positive Economic Theory and Analysis
Chapter 2 Demand, Supply and Elasticity
2. 1 Fundamental Concepts
2. 2 Demand Schedule, Function and Law
2. 3 Supply Schedule, Function and Law
2. 4 Elasticity of Demand and Supply
2. 5 The Concept of Equilibrium
MACRO ECONOMICS (Chapters 3-7)
Chapter 3 Macro Aggregates, Unemployment and Inflation
3. 1 Macro Aggregates
3.2 Unemployment
3.3 Inflation
Chapter 4 Aggregate Demand and Aggregate Supply
4. 1 Aggregate Demand
4. 2 Aggregate Supply
4. 3 Equilibrium
Chapter 5 Output - Employment Theories (Classical and Keynesian)
5. 1 Classical Theory
5. 2 Keynes’ Employment Theory
Chapter 6 Money and Banking
6. 1 Money
6. 2 Banking
Chapter 7 Fiscal and Monetary Policies
7. 1 Fiscal Policy
7. 2 Monetary Policy
MICROECONOMICS (Chapters 8-15)
Chapter 8 Theory of the Consumer
8. 1 Nature of the Consumer
8. 2 Equilibrium of the Consumer
Chapter 9 Equilibrium of a Firm
9. 1 Concept of Firm
9. 2 Factors of Production and Product Output
9. 3 Costs and Profits
9. 4 Costs Analysis
Chapter 10 Perfect Competition
10. 1 Features of Competition
10. 2 Competitive Equilibrium
10. 3 Short Run Equilibrium
10. 4 Long Run Equilibrium
10. 5 Exit or Shutdown point
Chapter 11 Monopoly
11.1 Nature and Sources
11.2 Monopoly Demand Curve
11.3 Monopoly Equilibrium
11.4 Evils and Wastage of Monopoly
Chapter 12 Oligopoly Market
12.1 Oligopoly
12.2 Cartels
Chapter 13 Monopolistic Competition
13.1 Market Imperfections
13.2 Equilibrium under Monopolistic Competition
Chapter 14 Labor Market
14. 1 Demand and Supply
14. 2 Marginal Productivity Theory
14. 3 Supply Curve of Labor
14. 4 Monopsony and Exploitation of labor
Hope this helped. It's too lengthy. I know. :D
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thanks alot for your advices :)
my questions here is whether economics contains a wide range of theories that are difficult to recall and apply or not? and what is economics syllubus is mainly about?
There arent THAT many theories, but you need to start studying and keeping up to date with the syllabus from day one. This isnt a subject you can mug up on the last day before the exam.
The exam questions are generally straight forward - if you know your stuff you'll find it hard to stop writing ;)
The alternative to practical paper (paper 3) is MUCH easier than what it was, so you're quite lucky :D
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ohhh :o Economics seems to have a veryyyyy long syllabus hasn't it?? :-\
Aw thnq all very much for these valuable info :) By the way how many papers are there in economics? ;D
and does anyone know a good tutor for economics in Egypt? :)
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ohhh :o Economics seems to have a veryyyyy long syllabus hasn't it?? :-\
Aw thnq all very much for these valuable info :) By the way how many papers are there in economics? ;D
and does anyone know a good tutor for economics in Egypt? :)
I've no idea about a good teacher in Egypt but i'll try to let yuh know by my sources. =]
Check Ari Ben Canaan's post below fer the info
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Yes, Sir. It has got a pretty long syllabus. :D There are 4 papers in Economics.
P1 = MCQ AS level.
P2 = Case study and and essay q.
P3 = MCQ A level.
P4 = This paper is the big dadddy. :D Case study PLUS 2 Essay q's in just 2 hrs and 15 mins. :D
And i don't know about any good teacher in Egypt since i've never been there. :D
Do yuh've anymore queries? ::)
Dude, he's talking about IGCSE Economics. ::)
There are only THREE papers :
Paper 1 = MCQ
Paper 2 = Structured Questions
Paper 3 = Alt. to Practical
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Based on your feedback i started 2 go 4 the economics ;) but i hope I cn find a good teacher here in Egypt as few people taking this subject :( currently um lookin 4 good notes 2 start with so i wonder if u cn help and send me the links :)
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Based on your feedback i started 2 go 4 the economics ;) but i hope I cn find a good teacher here in Egypt as few people taking this subject :( currently um lookin 4 good notes 2 start with so i wonder if u cn help and send me the links :)
http://s-cool.co.uk/alevel/economics.html
It has everything you need and more. I KNOW that it says A Level Economics BUT ALL of it is relevant to IGCSE Economics.
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If you have any doubts post here : https://studentforums.biz/commerce-158/igcse-economics-doubts-here-!!!!/ (https://studentforums.biz/commerce-158/igcse-economics-doubts-here-!!!!/)
And I'll help out ;)
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ThanQ All :)