January 2025 Updates and Notices
Saturday 4 January 2025
January 2025 Updates and Notices
Happy New Year!
Welcome to the January 2025 InThinking IGCSE Economics newsletter.
Some of the updates during the past month include:
Additional worked examples have been added to support students with their exam technique. An example is here for Unit 2.6.2 (Consequences of price changes).
To help students understand the challenging topic of price elasticity of demand (PED) in Unit 2.7, a new classroom activity has been added here - scroll down to "Activity - Exploring price elasticity of demand (PED)".
A new interactive True or False quiz for Unit 2.9 (Market economic system) has been added here.
A new interactive True or False quiz for Unit 5.1.2 (Comparing living standards and income distribution) has been added here.
The latest World Bank report shows global poverty has significantly declined from 37.9% of the world's population in 1990 to approximately 8.5% in 2024. However, challenges remain as the fall in the global poverty rate has lost momentum. Read more about this in Unit 5.2.3 of the syllabus (Policies to alleviate poverty and redistribute income) here.
A new set of Paper 1 MCQ exam practice questions has been added here. This quiz consists of 20 MCQs that cover all six units in the syllabus to provide your students with additional practise prior to the external exams. InThinking IGCSE Economics now has a question bank of over 800 multiple choice questions to help your students prepare for the Paper 1 examination.
A new Paper 2 exam practice question based on record coffee prices has been added here. The last time coffee prices hit an all-time high was back in 1977!
The comprehensive glossary of key terms has been updated here. There are now 285 definitions in this glossary. Students may want to bookmark this page to support their learning throughout the course.
With Chinese (Lunar) New Year and Saint Valentine's Day fast approaching, teachers may be interested in this new "Seasonomics" activity, created to engage students in their review and revision of key Economics concepts and theories in the IGCSE course. You may be able to get some interesting and educational classroom displays from this too!
Did you know 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 |
There are several key functions to Student Access:
Students have access to all notes related to the contents of the course. Essentially, they can use the website as a comprehensive 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 1 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.
We know at InThinking that the strength and growth of the community of teachers using our sites rely on word of mouth. If you are enjoying the website, please share your insights through your own connections and social networks. We are certainly keen on hearing from you, guiding the site's future developments. Testimonials for the InThinking Economics website can be found here.
Finally, subscribers will see a new tab on the website for the new Cambridge IGCSE (0455) syllabus (first teaching in July/August 2025 and first exams in 2027). Resources and lesson ideas will be added during the next few months to support you and your students in the transition to the new syllabus. You can see an outline of all the changes to the syllabus here.
Wishing you and your students all the best for the new year!
Paul Hoang
