December 2024 updates and notices
Sunday 1 December 2024
Welcome to the December 2024 updates and notices!
Some of the additions to the website include:
A new video documentary for Unit 2.5.1 Market equilibrium has been added here. This is based on a Business Insider documentary that discusses the reasons why buying a kilo of fresh mangosteens (also known as the "Queen of fruits") in the US can be priced at nearly $80.There are suggested answers in the Teacher only box for this activity.
Students often confuse key terms and incorrectly use these interchangeably, such as "price" and "cost" or "profit" and "revenue". The Exams section of the website has been included with more than 40 "confusing pairs" that students often find challenging to distinguish in the exams. Give students the opportunity to define each of the confusing pairs and to distinguish between each pair of key terms here.
A new set of quizzes for reviewing and revising Unit 2.10 (Market failure) has been added here. This includes a set of comprehension questions, an interactive quiz about public goods, merit goods, and demerit goods, and key terms quiz for this unit.
A new true or false revision quiz for Unit 4.3.3 - Reasons for taxation has been added here.
The glossary of key terms has been fully updated here. Students may want to bookmark this page for ease of access during their studies. Approximately 280 key terms are in this glossary. A mirrored version of this glossary is being produced for the new syllabus (first teaching 2025) and will be live on the website in early 2025.
Other updates
🇧🇭 🇨🇳 🇩🇰 🇪🇬 🇸🇻 🇩🇪 🇭🇰 🇮🇳 🇮🇩 🇮🇹 🇱🇧 🇲🇾 🇳🇱 🇵🇭 🇵🇱 🇷🇴 🇸🇬 🇪🇸🇨🇭 🇹🇼 🇹🇭 🇬🇧 🇻🇳
In late November, we were delighted to welcome Switzerland 🇨🇭 as the 23rd territory to join the InThinking IGCSE Economics community! A very warm welcome to College du Leman in Switzerland.
Many thanks everyone for your ongoing support - it is highly appreciated 🙏
Content on the website now exceeds 490,000 words. To put this into context, the 320-page Cambridge-endorsed IGCSE Economics textbook published by Hodder Education contains approximately 150,500 words.
Please note that your IGCSE Economics students can have completely free access to the website once you have activated Student Access. You can also register other teachers in your school to gain access to the website, which is updated every week, 52 weeks a year. The annual subscription therefore represents extremely good value for money and will save you hundreds of hours of planning.
Please note that your IGCSE Economics students can have completely free access to the website once you have activated Student Access. You can also register other teachers in your school to gain access to the website, which is updated every week, 52 weeks a year. The annual subscription therefore represents extremely good value for money and will save you hundreds of hours of planning:
Currency | Annual | Per week | Per day |
USD | 270 | 5.19 | 0.74 |
EUR | 220 | 4.23 | 0.60 |
GBP | 210 | 4.04 | 0.58 |
Teachers can activate Student Access to give their learners free access to the website. There are several key functions to this:
Students have access to all notes related to the contents of the course. Essentially, they can use the website as an e-textbook for the entire course.
It allows students to directly access most, but not all, pages (such as examination papers and mark schemes, as well as other teacher support materials).
It enables teachers to create tasks for their students (refer to the Smart Quizzes section of the website).
It helps to consolidate student learning and facilitates revision (such as the Paper MCQ tasks, which all come with answers that have explanations).
It allows teachers to monitor the progress of their students using the grade book.
To get started, go to the Student Access tab in the top left corner of the home page.
Finally, starting in January 2025, subscribers will see a new tab on the website for the change in syllabus. This will be for the new Cambridge IGCSE (0455) syllabus, with first teaching in July/August 2025 and first exams in 2027. Watch this space for resources and lesson ideas to support you and your students in the transition to the new syllabus! If you really can't wait, you can take a sneak peek here.
Wishing you all the best for the month ahead and a peaceful, joyful holiday season.
Paul Hoang
