Question 1
What is meant by opportunity cost?
Six topics, two papers: multiple choice for 30%, structured questions for 70%.
26 weeks, 104 hours in all
Start with Topic 2
The allocation of resources: 24 of your hours. It is 10 of the 40 questions on our Paper 1 practice, 25%.
| Topic | Your hours | Share of Paper 1 |
|---|---|---|
| Topic 2: The allocation of resources | 24 | 25% |
| Topic 4: Government and the macroeconomy | 21.6 | 23% |
| Topic 3: Microeconomic decision-makers | 19.2 | 20% |
| Topic 6: International trade and globalisation | 12 | 13% |
| Topic 1: The basic economic problem | 9.6 | 10% |
| Topic 5: Economic development | 9.6 | 10% |
| Paper 1 | 40 multiple-choice questions, 1 hour, 30% |
|---|---|
| Paper 2 | Structured questions, 2 hours, 80 marks, 70% |
| Grades | A* to G |
| Series | June and November (and March in India) |
Both papers cover all six topics. Paper 2 also tests evaluation: weighing two sides and reaching a judgement.
Exams in 2027, 2028 and 2029.
No. Two written papers make up the whole grade.