January 2024 Economics update

5 January 2024

Welcome to this January 2024 update!

Our Economics A after school events start on 16 January with a look at the specification and assessment.  This is followed by events on 22 January, 7 and 27 February (all listed below).  I do hope that you will be able to join us.

January is also a time to be thinking about preparing entries for your Exams Officer.  If you are teaching International GCSE Economics, please do pay particular attention to the codes listed below so that the correct code can be provided for your EO.

In the Assessment section below the new JCQ guidance on the use of calculators in exams is worth reading.

I hope that the start of term goes well.

Read more

Key dates

Date Activity
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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October 2024 exam series

2024 Oct 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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Exam entry codes for International GCSE Economics (LINEAR).

4EC1A = the traditionally assessed linear papers

R - Regional papers - Pearson requires the following countries to use the alternative R option codes: Australia, Azerbaijan, Brunei, Cambodia, China, Hong Kong, India,  Indonesia, Japan, Korea, Laos, Macau, Malaysia, Mongolia, Myanmar, New Zealand, Oman, Philippines, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.

C = Onscreen assessment

CR = Regional and onscreen papers

Entry Option Title
4EC1 A Economics (Papers 1 & 2)
4EC1 R Economics (Papers 1R & 2R)
4EC1 ZA Economics (Papers 1C & 2C)
4EC1 ZB Economics (Papers 1C & 2)
4EC1 ZC Economics (Papers 1 & 2C)
4EC1 ZD Economics (Papers 1CR & 2CR)
4EC1 ZE Economics (Papers 1CR & 2R)
4EC1 ZF Economics (Papers 1R & 2CR)

Exam entry codes for International GCSE Economics (MODULAR).

First certification of Modular International GCSEs is in August 2025. The cash-in 4XEC1 is not available for entry in June 2024.
 

Entry Option Title
4WEC1   Economics (Unit 1)
4WEC1 R Economics (Unit 1R)
4WEC1 C Economics (Unit 1C)
4WEC1 CR Economics (Unit 1CR)
4WEC1   Economics (Unit 2)
4WEC1 R Economics (Unit 2R)
4WEC1 C Economics (Unit 2C)
4WEC1 CR Economics (Unit 2CR)

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.

How to submit an appeal from 01 January 2024

From 1 January 2024, we are pleased to confirm that there will be a new web form for centres and private candidates to use when they wish to submit an application to appeal or request a review of an administrative decision. Using this web form will help to guide centres and private candidates in the information that needs to be provided in an application to appeal. This will help us to ensure we can process all applications promptly.

The web form will be available on our main Post-results web page and on our Post-results services web page for T levels, and will be operational by 1 January 2024. From that date onwards we will no longer accept appeal applications that are made directly to our appeals email inbox. Appeals submitted to the inbox prior to 01 January 2024 will be processed. We will return any applications to appeal that are sent to our appeals inbox from 01 January 2024 to you with a request to submit them using the web form.

Centres and private candidates must use the web form to submit appeals related to:

1. the outcome of reviews of marking/moderation (within 30 calendar days of the date of the decision)
2. the decisions made in relation to student or centre malpractice (within 14 calendar days of the date of the decision)
3. the decisions made in relation to access arrangements, special consideration, reasonable adjustments (within 14 calendar days of the date of the decision)
4. the outcome of a preliminary appeal in any of the areas above. An application for an appeal hearing must only be made once a preliminary appeal has been conducted and must be made within 14 calendar days of the date of the preliminary appeal decision.

Centres and private candidates must also use the web form to request the review of an administrative decision in areas such as decisions made in relation to very late arrivals and where we have issued an aegrotat (estimated grade).

Further information on the appeals process can be found in the JCQ Appeals Booklet 2023.

Further information on appeals, including fees, can also be found on our website. Our website will be fully updated by 1 January 2024 to refer centres and private candidates to our webform.

General queries about issues that are not appeals should not be submitted on the appeals webform as we will not be able to process them. If you need help with a matter that is not an appeal, please contact our customer services team for assistance. This will ensure your query can be routed to the appropriate team without delay.

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.


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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