Economics

How can we help?

At UniHawk, our instructors will provide you with a wide array of resources alongside continual guidance. Here’s a sneak peak for you:

• Comprehensive Study Material: Our focus is ensuring mastery of concepts and not memorization. Our study materials bundle is simple to go over after class, yet concomitantly entails all essential knowledge needed for the subject.
• Organised Study Schedule: Students require individualised guidance, with constant motivation, clear expectations and deadlines to reach their maximum potential in a subject. Our instructors do so by directing them through personalised study roadmaps, and by fostering accountability and discipline in students through regular engagement and practice.
• Practice with past papers and mock exams: While students do fall behind in their grade due to gaps in knowledge of concepts, very commonly it’s also due to negligence of the following:
  • Problem-solving skills
  • Analytical skills
  • Time management skills
  • Anxiety management

To develop these skills, students require guided practice. Here, a common way is working with past papers. It benefits them immensely when they receive expert insight and strategies while doing past papers.

• Regular review and student evaluation: Helps make students ready for the Exam day. Regular review and evaluation reduces overall stress and boosts confidence. Students thus feel ready than ever to tackle the exam!

Below, we offer an overview of each board and the specifications they offer:

Edexcel

• Content: The Edexcel Economics qualification covers two key papers: Paper 1, focusing on Microeconomics and Business Economics, and Paper 2, centered on Macroeconomics and the Global Economy.
• Paper Code: Paper 1 is coded as 4EC1/01, and Paper 2 as 4EC1/02.
• Exam Cycle: Exams are available in both June and November.
• Topics in Exam: The examination topics span The Market System, Business Economics, Government and the economy, and The global economy.
• Time: Each paper is scheduled for 1 hour and 30 minutes.
• Exam Format: Both papers consist of four compulsory questions, each worth 20 marks. The sub-questions encompass multiple-choice, short-answer, data response, and open-ended questions.
• Marks: Each paper is valued at 80 marks.
• Weightage: Each paper contributes 50% towards the qualification.
• Discussion of Board: Edexcel's Economics qualification is comparable to GCSE and employs the 9-1 grading scale. Starting from this year, the exams will be held in November, with discontinuation of the January exams. Students successfully completing this qualification can progress to International AS and A Levels in Economics. Edexcel offers the only linear exam option.

CIE (Cambridge International Examinations)

• Content: CIE's Economics qualification covers various topics, including The Basic Economic Problem, The allocation of resources, Microeconomic decision-makers, Government and the macroeconomy, Economy Development, and International Trade and globalization.
• Papers: They offer Paper 1 (MCQ) and Paper 2 (Structured Questions).
• Paper Code: Paper 1 is coded as 0455, and Paper 2 as 0455.
• Exam Cycle: Exams are available in June and November, with an additional option in India in March.
• Topics in Exam: The examination encompasses all the topics.
• Time: Paper 1 has a duration of 45 minutes, while Paper 2 spans 2 hours and 15 minutes.
• Exam Format: In Paper 1, candidates answer all 30 questions, with calculators permitted. Paper 2 comprises two sections: Section A involves interpreting and analyzing source material related to a real economic situation, and Section B offers choices for questions. Both sections include calculations and diagrams.
• Marks: Paper 1 is worth 30 marks, and Paper 2 is valued at 90 marks.
• Weightage: Paper 1 contributes 30%, and Paper 2 contributes 70% towards the qualification.
• Discussion of Board: CIE's curriculum is comparable to GCSE and uses the A* to G Grade scale. However, for paper code 0987, they offer the 9-1 Grade scale. Students completing this qualification can progress to International AS and A Levels in Economics, and CIE provides the only linear exam option.

AQA

• Content: AQA's Economics qualification covers topics related to how markets work and how economies work.
• Papers: They offer Paper 1 (How markets work) and Paper 2 (How economies work).
• Paper Code: Paper 1 is coded as 9214, and Paper 2 as 9214.
• Exam Cycle: Exams are available in May/June and September.
• Topics in Exam: The qualification is structured around Unit-1 and Unit-2.
• Time: Each paper has a duration of 1 hour and 45 minutes.
• Exam Format: Both papers have two sections, with Section A featuring multiple-choice questions and various calculations, short, and extended response questions. Section B involves questions of mixed calculations and short and extended response.
• Marks: Each paper is worth 80 marks.
• Weightage: Each paper contributes 50% towards the qualification.
• Discussion of Board: AQA's Economics qualification is comparable to GCSE and employs the 9-1 Grade scale. Students successfully completing this qualification can progress to International AS and A Levels in Economics. AQA provides the only linear exam option.

These exam boards offer a wide range of Economics qualifications, and the choice of which to pursue depends on individual preferences and educational goals.