EconomicsToo

Every year, as we go through the Options process (IGCSE and A Level), parents and students alike have hundreds of questions. And rightly so, the decision is important. But one question we hear multiple times every year is:  "What's the difference between business and economics?" ...and more often than not, this question includes accounting. This post hopes to shed some light on this and help explain the main differences.  At GIS, we like to use an analogy given to us a few years ago by another economics teacher (Mr Stewart...credit where credit is Stew!)…   First, let's talk about Business Studies . Business studies delves into the core areas related to businesses and their operations. The buying, selling, producing and marketing of goods and services.  Imagine a business, let's say it is a factory. Visualise lifting the roof off and peering inside; you see four main sections each with very different things going on... In one area, there is a team of people using ...

Year 9 students at Garden International School ( GIS KL ) are currently facing their first big decision point in their education: choosing their IGCSE subjects for the next academic year. To help guide them through this process, we have implemented a few key steps to ensure that each student makes informed and confident choices. Image source All Year 9s choose 3 subjects, with 2 more in reserve, in case their first choices do not fit into the timetable. To aid in this decision-making process, we offer Taster sessions for all IGCSE subjects over two weeks to give students a glimpse into what each subject entails and to help them determine which ones they would be most interested in and successful in...and those they might be better off not choosing! Furthermore, a specific Options Parent Discussion evening guides parents through to process from start to finish and an Options-focused Parent Teacher Conference (PTC)  allows parents and students to ask questions directly to subject t...

The time has come around again...and now it is the turn of this year's Year 9 students to start thinking about their options for IGCSEs. As popular as ever, economics provides an excellent choice that complements all the other subjects, be they options or core subjects. Here's a little bit about what economics is, why you should think about choosing it, and maybe who should not select it! image source What is economics? Economics is a social science that deals with the production, distribution, and consumption of goods and services. It is a broad field that touches on almost every aspect of our lives, from the goods and services we consume to the jobs we hold and the money we earn. As such, economics is an incredibly important subject to study, and here are just a few reasons why: - Economics helps us understand the world around us: By studying economics, we can gain a deeper understanding of the forces that shape our world, including the factors that influence supply and deman...