Economics IGSCE & IB

To score in Business

However, you do need to put in a lot of work! Of which, is mostly dedication. there are a few imperative techniques that paved the way to scoring in this subject.

Read that textbook front to end.
That single textbook is everything you need to score well in Business Studies. The concepts are in line with marking scheme instructions and covers almost everything. One tip to make this process easier, have a genuine interest in what you are reading. That makes it more comprehensive and easier to remember.

Perhaps the MOST IMPORTANT: Learn how to answer questions
Business studies has a very specific way of answering questions. For the Paper 1, look at the mark schemes and follow those criterias. 6 mark questions require 2 for knowledge, 2 for analysis and 2 for evaluation. MAKE SURE YOU EXHIBIT EACH OF THESE CRITERIAS. Don’t write a whole paragraph on the concept, make sure you mix these three. Same goes for case study papers.

Teach one another
Perhaps the best way to learn business was to share concepts and ideas with fellow classmates, it really makes the subject fun.

Lastly, PRACTICE, PRACTICE, PRACTICE
Take as many papers as you can, in exam conditions. And mark them harshly but genuinely. I’ll recommend you do Paper 1 faithfully, but since Paper 2 is a long paper just jot down your points for each answer rather than writing the whole answer to save time.

Business Cambridge
Business Edexcel
01222176582

The New Higher Level IB Economics Syllabus:

The new Higher Level IB Economics syllabus is arguably tougher and more challenging than the old curriculum. Previously, IB Economics was mostly about the graphical application and written analysis. However, students are now required to explain models through functions, plotting graphs, and doing more Mathematical calculations. Thus IB Economics has changed its focus towards a more Mathematical based subject. Students who do not have a solid Mathematical background may find difficulties in scoring good grades. In light of this shift, there is an increasing tendency for IB schools to encourage students to take IB Business instead of IB Economics. IB Business is considerably more timeless and easier to master. It is generally a more “friendly” subject selection that is suitable for students from different backgrounds

The IB Economics syllabus includes the following units:

1) Microeconomics;

2) Macroeconomics;

3) International Economics;

4) Development Economics.

In comparison to IB Business, the major difference is that IB Economics requires a good application of graphical understanding and analysis. It leans more towards a theoretical and conceptual understanding of models. Arguably, admission officers tend to value IB Economics over IB Business for students who are applying to Mathematical and Science based courses. However, if you are looking to do Business Management, Human Resources, Marketing, Finance, Languages, or Humanities for the university, choosing between IB Business and IB Economics will not make a significant difference. If you consider yourself to be a Languages or Humanities person, where you often find difficulties when studying graphical and Mathematical models, choosing IB Business may be more suitable. Meanwhile, if you are a person who enjoys graphical models and understanding concepts and theories, IB Economics could be your choice

The IB Business syllabus includes the following units:

1) Business Organisation and Environment;

2) Human Resource Management;

3) Finance and Accounts;

4) Marketing;

5) Operations Management.

In comparison to IB Economics, IB Business gives you a foundation of knowledge and understanding for each of the five units covered. It deals with matters within firms, and you will find yourself learning practical knowledge through case studies. Students tend to build their knowledge in IB Business more efficiently than in IB Economics, as much of the information actually revolves around daily living, allowing students to draw comparisons. IB Business focuses more on analysis, writing style, and case studies.

For students applying for Mathematical and Economics related subjects, going for IB Economics may be more appropriate in showing your interests and strengths in graphical and Mathematical skills. In fact, many people suggest that admissions officers prefer to have Economics students over Business students. Arguably, IB Economics may be an easier way to score good points, mainly because there are more definite and objective exam answers. IB Business and Business Management in general include a certain degree of subjectivity in marking exam answers. Despite the subject itself being considerably easier, a correct answer for the student may not necessarily be correct in examiners’ point of view. This is why full explanations are very important when answering Business exam questions. Overall, IB Business is recommended for students who are not aiming for Mathematical and Economics related subjects. The concepts are not difficult to understand, and the knowledge is highly practical regardless of your future career

Economics Cambridge 0455
Content overview
1 The basic economic problem
The first section of the syllabus introduces the fundamental ideas and concepts that underpin the study of economics including the basic economic problem, factors of production, opportunity cost and production possibility curves.

2 The allocation of resources
The fundamental principles of resource allocation are considered through the price mechanism in a market economy. The market forces of demand and supply, market equilibrium and disequilibrium, and elasticity form the core of this section.

3 Microeconomic decision makers
The microeconomy is an important area of study, and the approach to learning taken here is through the role of the major decision makers: banks, households, workers, trade unions and firms.

4 Government and the macroeconomy
Governments have different macroeconomic aims, and conflicts often arise between the choice of measures used to achieve them. Variables must be measured to consider the causes and consequences of change, and appropriate policies applied.

5 Economic development
As an economy develops there will be changes in population, living standards, poverty and income redistribution. Therefore, the effects of changes in the size and structure of population and of other influences on development in a variety of countries are explored.

6 International trade and globalisation
The importance of trade between countries and the growth of globalisation is explored. Principles such as specialisation, the role of free trade, the role of multinational companies, foreign exchange rates and balance of payments stability are considered.

AS & A level is a huge step from O Levels. ... It is acceptable that the A2 have a more syllabus content but AS Paper 1 & paper 3 makes the AS Level much harder than in A2. If you are able to get a good grade for AS, it is able to get a good grade for A Levels as well!

Economics B, is an Economics course. But the criteria for each subject set out specific content amounting to 60% of the course. That has made it possible to abide by the Economics criteria in full while allowing the development team to include many useful business concepts and case studies in the remaining 40%.

Is a level economics hard?
The english skills aspect of A-Level Economics is a little bit harder. There is a meticulous structure you need for your essays and exam answers, that without, you won't get any marks. This technique is fairly hard to get down, but once you've got it, A-Level Economics is a breeze.

What is the difference between Edexcel Economics A and B?
Economics A is more traditional and uses models to a greater extent than Economics B. Economics B comes from the Nuffield tradition which emphasizes the use of business contexts, rather than abstract models, in delivering economics concepts.

Pearson Edexcel GCSEs. GCSEs (General Certificates of Secondary Education) are the main qualifications taken by students at school-leaving age in England, Wales and Northern Ireland. Pearson Edexcel GCSEs are available in over 40 subjects.

For school exams, we work with two main boards: Cambridge International Examinations (CIE) and Pearson Edexcel. ... But most of the students perception is CIE generally considered to be harder and tougher than Edexcel mainly because they have to maintain more of an international standard than Edexcel.