December 2023 Economics update

Thu Nov 30 17:00:00 UTC 2023

Welcome to this December 2023 update!

This new update is much shorter with a tab for you to open to find news on each qualification. For each qualification, there is a link to both the delivery and the assessment support page.

General Assessment news is at the end.

Please do look out for the Economics spec A events in January and February

I hope that the end of term goes well and that you can enjoy a restful break.

Read more

Key dates

Date Activity
5 December November International GCSE question papers uploaded
15 December Closure of the Access To Scripts service
19 December November International GCSE mark schemes uploaded
16 January Economics Spec A training event
18 January
Results day for IAL Economics October 2023 series
22 January Economics Spec A training event
23 January October IAL examiners' reports uploaded
30 January November International GCSE examiners' reports uploaded
7 February Economics Spec A training event
21 February GCSE, and A level entry deadline for UK centres.
27 February Economics Spec A training event
21 March International GCSE entry deadline for UK centres.
21 March GCSE, International GCSE. A level and IAL entry deadline for international centres.

Our four qualifications

Econ A squirrels

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Econ B trees

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IAL Econ trees

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IG tree

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For help with:

  • free support and networking
  • free resources
  • paid-for resources from Pearson
  • paid-for resources from Hodder
  • other paid-for resources

For help with:

  • recorded feedback training
  • building your own question papers (examWizard)
  • the key command verbs
  • grade boundaries and statistics

Training events

16 January    4-5pm

The Specification and Assessment

This is the first in a series of four live sessions, and covers the following areas of focus:

• key aspects of the specification

• what is/is not required

• linkages between different aspects of the specification

• assessment

• understanding the assessment objectives

• Pearson support

• resources.

Register for this event

22 January  4-5pm

Year 1 Microeconomic Themes (session 1 of 2)

This is the second in a series of four live sessions, and covers the following areas of focus:

• introductory concepts, including opportunity cost and production possibility frontiers

• how the market works – supply and demand

• elasticities

• consumer and producer surplus.

Register for this event

7 February 4-5 pm

Year 1 Microeconomic Themes (session 2 of 2)

This is the third in a series of four live sessions, and covers the following areas of focus:

• why the market might fail

• external costs and benefits

• public goods

• information gaps

• types of government intervention

• Government failure.

Register for this event

27 February   4-5pm

Year 2 Macroeconomic Themes

This is the fourth in a series of four live sessions, and covers the following areas of focus:

• key economic variables: measuring the state of the economy

• GDP growth

• unemployment

• inflation

• the balance of payments

• the AD/AS model – components of AD, short-run and long-run AS, changes in the equilibrium level of real output.

Register for this event


May/June 2024 exam series

The entry deadline for UK centres is 21 February 2024.

The entry deadline for international centres is 21 March 2024.

2024 May Prov TT

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For help with:

  • free support and networking
  • free and paid-for resources

For help with:

  • the key command verbs
  • grade boundaries and statistics

Anforme books

The Economics Factory now has digital versions of the Anforme A level Economics B books

Visit the Economics Factory
 


May/June 2024 exam series

The entry deadline for UK centres is 21 February 2024.

The entry deadline for international centres is 21 March 2024.

2023 May TT

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For help with:

  • free support and networking
  • IAL university recognition
  • free resources
  • paid-for resources
     

For help with:

  • building your own question papers (examWizard)
  • the key command verbs
  • grade boundaries and statistics

January 2024 exam series

IAL Econ 2024 Jan TT

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May/June 2024 exam series

The entry deadline is 21 March 2024.

2023 May TT

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For help with:

  • free support and networking
  • free resources
  • paid-for resources

For help with:

  • the key command verbs
  • grade boundaries and statistics

Onscreen mocks

Onscreen mocks are now available for International GCSE Economics


Onscreen exams rollout

International GCSE Economics will have the first onscreen assessment available from 2024.

Make sure you’re signed up for the latest onscreen assessment news to find out how to register your school.

The Pearson onscreen sandbox (test environment) gives students all the practice they need to explore the platform’s functionality and build their confidence before they sit their exams onscreen.

It’s easy to register for an account: just click on Register for an account and enter your email address as your user ID.

The materials are digitised in the same platform as the mock and high-stakes onscreen exams and are a good opportunity for teachers and students to get to know the platform and functionality available.

Whilst the user experience mirrors what can be expected from the mocks and high-stakes assessments, please note that any solutions submitted through the sandbox environment by candidates will not be saved.


Modular International GCSE

International GCSE Economics is in the first group of subjects to make a modular route available to learners from September 2023.

This means that we will have both a modular and a linear route to achieve this qualification.

If you are happy with the linear approach, there is no need to move to the modular route; our linear International GCSEs will continue to be offered and taken widely by learners around the world. ​

However, if you believe the modular route will be of benefit to your learners, this will be available from September 2023 with the first exams in May/June 2024.


Course planner and schemes of work for Modular International GCSE Economics

To help your planning we now have both a course planner and a scheme of work for the modular International GCSE in Economics.


May/June 2024 exam series

The entry deadline for UK centres is 21 February 2024.

The entry deadline for international centres is 21 March 2024.

2023 May TT

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Assessment

There is a new support page for you to bookmark – General qualifications assessment support. Here we’ll share news information and updates from Ofqual, the Department for Education (DfE), the Joint Council for Qualifications (JCQ) and Pearson, relating to the exams and assessments for our GCSE, AS and A level qualifications.

We’ll be updating it regularly so you know you’ve got all the latest announcements, news, support materials and updates to enable you to teach our qualifications, help your students with their assessments and post-results support, to enable them to progress.

On 21 September 2023, Ofqual published the resilience guidance for centres delivering: GCSE, AS and A levels, Project Qualifications and Advanced Extension Award in maths (AEA). We’ve put together a summary of this guidance on our new support page with links through to the full information from Ofqual.

The link to the Ofqual page allows you to read this guidance in full.

On 15 September 2023 the Joint Council for Qualifications (JCQ) updated its ‘Instructions for the Conduct of Qualifications’ document for the 2023/24 academic year to provide more clarity to candidates, exam officers and teachers given recent changes in technology.

In particular, the use of calculators in exams has been updated in Section 10 ‘Using calculators’. The use of calculators applies to a number of different subjects so please do pass this information to all who need to read it.
Full details can be found in the in the booklet Instructions for conducting examinations 2023-2024 and a set of FAQs about using calculators on the JCQ website.

The Access to Scripts service allows you to view your candidates’ marked scripts online or download as PDFs, providing transparency of marking and to help you make decisions around requests for reviews of marking and inform future teaching and learning.

The Access to Scripts service provides a rich source of information, enabling detailed analysis to inform teaching and learning and support students and giving insights and visibility that performance data alone cannot provide.

The portal can only be accessed by Edexcel Online users who have the 'Exam Viewer' profile ticked on Edexcel Online. Your exams officer gives teachers access to 'Exam Viewer'.

Please note that these scripts do not contain examiners' annotations.

If scripts have been marked 'traditionally' (i.e. not online), you will need to request them, free of charge, by the published deadline, via the Post Results section of Edexcel Online as in previous exam series.

Access To Scripts via Script Viewer is available from Results Day until 15 December 2023.

Candidate consent is required before requesting script copies, as per section 6.2.1 of the JCQ's Post-Results Services guide. Candidate consent can only be obtained after results have been published.

Candidate consent forms can be found in Appendix B of the JCQ Post results Services document.
 


Business and Esports updates

If you teach any of our Business, Enterprise or Esports qualifications, you may wish to check out the monthly updates.


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