May 2024 Updates and Notices
Wednesday 1 May 2024
Dear InThinking users
- Unit 2.6.2 (Consequences of price changes) here.
- Unit 2.7.4 (PED and total spending on a product/revenue) here
- Unit 2.10.1 (Definition of market failure) here.
- Unit 2.11.2 (Government intervention to address market failure) here.
- Unit 4.3.4 (Classification of taxes) here.
- Unit 4.6.2 (Measurement of economic growth) here. A worked example of how to calculate changes in real GDP has also been included to support students with this section of the syllabus.
- Unit 4.8.2 (Measurement of inflation and deflation) here to support students with this challenging part of the IGCSE syllabus.
- Unit 4.8.5 (Policies to control inflation and deflation) here.
- Unit 5.4.1 (Differences in economic development between countries) has been added here.
- Unit 6.2.5 (Reasons for protection) has been added here.
- Unit 6.3.2 (Determination of foreign exchange rates) here.
- A set of 10 true or false questions for Unit 2.5.1 (Market equilibrium) here.
- A set of 20 true or false questions for Unit 2.7 (Price elasticity of demand) here.
- Similarly, a set of 20 true or false questions for Unit 2.8 (Price elasticity of supply) here.
- A set of 20 true or false questions for Unit 2.11.2 (Government intervention to address market failure) here.
- A new True or False Quiz for Unit 3.8.1 (Competitive markets) here.
- A new True or False Quiz for Unit 3.8.2 (Monopoly markets) here.
- For Unit 4.7.5 (Consequences of unemployment), a set of twenty True or False interactive questions have been added here. There are explanations for each of the answers to support your students' understanding
- A set of 20 true or false questions for Unit 6.2 (Globalisation, free trade, and protection) here.
- The Big Mac Index is a fun way to introduce exchange rates (Unit 6.3). See if your students can work out whether the Swiss franc and New Zealand dollar were overvalued or undervalued (according to the Big Mac Index) in April 2024 using the stimulus here.
Content on the IGCSE Economics website now exceeds 215,000 words (that's more than a 386-page IGCSE textbook), including more than 350 interactive quizzes, revision flash cards covering the entirety of the syllabus, and exam practice questions and mark schemes for both Paper 1 and Paper 2. Resources are continually added on a weekly basis, 52 weeks a year.
With the exams fast approaching, why not activate Student Access for all of your students? This is completely free of charge and enables your students to access the entire site - you control what they can see and when. There are interactive Paper 1 multiple choice questions for almost all sections of the syllabus. These are self-marked and you can get the results sent straight to your digital markbook. Answers are also provided to support students' understanding. At the time or writing, there are currently more than 700 students using the site, free of charge.
You can activate this via the Student Access link from the homepage.
To stay up to date with the website's developments and professional discussions about the InThinking IGCSE Economics course, teachers are welcome to join our Facebook and WhatsApp support groups here:
We know at InThinking that the strength and growth of the community of teachers using our sites rely on word of mouth. If you find the website useful in supporting your students, please share your insights through your own social networks. Testimonials for the InThinking IGCSE Economics website can be found here.
There are also InThinking websites for IGCSE Geography and IGCSE History, with more IGCSE subjects in the pipeline.
Wishing you and your students the best for the busy month ahead.
Paul Hoang
