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Assessment objectives
The assessment objectives (AOs) are:
AQ1 Knowledge and understanding
e Demonstrate knowledge and understanding of economic definitions, formulas, concepts and theories.
« Use economic terminology.
AO2 Analysis
e Select, organise and interpret economics data and information.
e Apply economic analysis to written, numerical, diagrammatic and graphical data.
« Analyse economic issues, identifying and developing links and relationships.
AO3 Evaluation
e Evaluate economic information, data and arguments, and recognise that economic decisions have
uncertain outcomes.
Weighting for assessment objectives
The approximate weightings allocated to each of the assessment objectives (AOs) are summarised below.
Assessment objectives as a percentage of the qualification
Assessment objective Weighting in IGCSE %
AO1 Knowledge and understanding 43
AQ2 Analysis 47
AO3 Evaluation 10
Total 100
Assessment objectives as a percentage of each component
Assessment objective Weighting in components %
Paper 1 Paper 2
AO1 Knowledge and understanding 50 40
AO2 Analysis 50 45
AO3 Evaluation 0 15
Total 100 100