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Most IGCSE subjects offer a choice of tiered examinations: Core or Extended papers (in Cambridge International), and Foundation or Higher papers (in Edexcel). This is designed to make IGCSE suitable for students with varying levels of ability. In some subjects, IGCSE can be taken with or without coursework.
However the exam papers of the GCSE sometimes had a choice of questions, designed for the more able and the less able candidates. When introduced the GCSEs were graded from A to G, with a C being set as roughly equivalent to an O-Level Grade C or a CSE Grade 1 and thus achievable by roughly the top 25% of each cohort.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".