Pearson Edexcel IGCSE Economics

Syllabus 4EC1 · Issue 3, February 2026 · sourced from Pearson Edexcel – official International GCSE Economics (4EC1) specification PDF, Issue 3, verified 2026-09-17.

1. 1.1 The market system

   • 1.1.1 The economic problem
   • 1.1.2 Economic assumptions
   • 1.1.3 Demand, supply and market equilibrium
   • 1.1.4 Elasticity
   • 1.1.5 The mixed economy
   • 1.1.6 Externalities

2. 1.2 Business economics

   • 1.2.1 Production
   • 1.2.2 Productivity and division of labour
   • 1.2.3 Business costs, revenues and profit
   • 1.2.4 Business competition
   • 1.2.5 The labour market
   • 1.2.6 Government intervention

3. 2.1 Government and the economy

   • 2.1.1 Macroeconomic objectives
   • 2.1.2 Government policies
   • 2.1.3 Relationships between objectives and policies

4. 2.2 The global economy

   • 2.2.1 Globalisation
   • 2.2.2 International trade
   • 2.2.3 Exchange rates