LRN International GCSE Economics (7153)

The LRN International GCSE Economics is designed to enable international candidates to demonstrate their ability in terms of a background to Introduction to Economics, Introduction to resource allocation, Macroeconomic government interventions, Economic development and Introduction to Globalisation.

Accreditation	LRN International GCSEs are GLOBALLY RECOGNISED qualifications designed specifically for INTERNATIONAL CANDIDATES and are available outside the United Kingdom. Candidates based in England refer to the Ofqual register.
Level	Beginner
Grading	9 to 1
Assessment	Written exam papers
Guided Learning Hours	130

What you'll learn

Introduction to Economics
Introduction to resource allocation
Macroeconomic government interventions
Economic development

Introduction

This specification provides an overview to the LRN International GCSE Economics1. This document is suitable for various users, including candidates, centres, administrators, employers, parents/guardians, teachers (and other related staff) and examiners. The specification outlines the key features and administrative procedures required for this international qualification.

Objective

Mode of Delivery

This qualification has been constructed to be delivered within centres. Centres will need to demonstrate to LRN, through the centre recognition processes, that they have the resources, facilities and competence to deliver. However, centres must be able to demonstrate, in line with LRN’s criteria, that they have the means, capability, capacity and resources (including suitably qualified centre staff) to deliver by the method chosen by the centre.

Progression

The LRN International GCSE Economics has been designed to reflect the wide variation in
candidates’ origins, levels of education and career aims. Progression opportunities may,
therefore, take a variety of paths. Depending on the level of qualification achieved, it may be appropriate for the candidate to progress to:

1. Similar level 2 qualification in Economics;
2. LRN Level 2 Certificate or Diploma in Pre-A Foundation Studies;
3. LRN Level 3 Diploma in Pre-U Foundation Studies;
4. A higher level of any qualification – e.g. A-Level, Diploma
5. Vocationally Related Qualifications

Breakdown of Assessment Objectives

AO 1 – demonstrate an understanding of economics concepts and issues
AO 2 – apply knowledge and understanding of economics concepts and issues to a variety of concepts
AO 3 – analyse economics information and issues to demonstrate an understanding of economic activity, make judgements and draw conclusions

Assessment

The assessment for this qualification consists of written exam papers, set and marked by the LRN.

Guided Learning Hours

The guided learning hours (GLH) for this qualification are 130. Please note the hours stated are indicative.

Private Candidates

Centres are advised that private candidates are only to be enrolled with prior agreement and confirmation from LRN.

Results

Exam series are in:
• January (results released in March)
• June (results released in August)
• November (results released in January)

Re-takes

Whereas candidates can re-take the whole qualification as often as they wish, individual components cannot be re-taken as it is a traditional linear specification. Please remember, one entry per qualification is sufficient and will cover all the question papers including certification.