Course Details

Economics

Bestseller ★ 4.9/5 255+ enrolled

Why Choose Online Economics Classes?

Board-aligned tutors - we match the tutor to your child's curriculum (US Common Core, Ontario, Australian, CBSE, ICSE, IGCSE, Cambridge or Singapore MOE).

Live, interactive 1:1 or small-group classes - the tutor sees your child's work in real time.

Customised practice worksheets - graded, reviewed and explained class by class.

Weekly homework support - assignments and concept revision before the next class.

Periodic class tests aligned to the board's exam pattern.

Detailed progress reports for parents every month.

Flexible scheduling - pick time slots that fit school and after-school activities.

Free demo class so you can meet the tutor before you commit.

Globally available - USA, UK, Canada, Australia, Singapore, UAE, GCC and India.

Recorded sessions provided for missed classes (group format) - no concept is left behind.

Overview

Economics is offered as a senior-secondary subject in most boards from Grade 11 onwards (in some boards from Grade 9). WinQuest delivers it aligned to your board: AP Macroeconomics / Microeconomics, IB Economics, Cambridge IGCSE (0455) and AS / A-level (9708), CBSE Class 11/12, ISC Class 11/12, ATAR Economics, or Singapore H2 Economics.

What You'll Learn

Live interactive sessions
1st one-on-one session
Comprehensive curriculum
No long-term commitment
Personalized learning plan

Foundation (Grade 9-10)

Age 14+ 50 hrs

Basic Economic Problem

Scarcity (unlimited wants vs limited resources), choice (which wants to satisfy), and opportunity cost (next-best alternative forgone).
Factors of production - land (natural resources), labour (human effort), capital (machines, tools), enterprise (organising the others).
Economic systems - market (private ownership, price mechanism), planned (state ownership, central planning), mixed (combines both).

Allocation of Resources

Demand (downward-sloping) and supply (upward-sloping); equilibrium (where Qd = Qs; market-clearing price).
Price elasticity of demand (PED = %dQd / %dP; elastic > 1, inelastic < 1) and supply (PES; time horizon matters).
Market failure (externalities, public goods, monopoly, info asymmetry) and government intervention (tax, subsidy, regulation, provision).

Microeconomic Decision Makers

Money (medium of exchange, store of value, unit of account, standard of deferred payment) and banking (commercial banks, central bank).
Households (income, spending, saving), workers (wages, working conditions), trade unions (collective bargaining), firms (small, large, MNCs).
Firms and production decisions - what, how, for whom to produce; profit motive; costs (fixed, variable); revenues; break-even.

Government & the Macroeconomy

Role of government - aims (growth, low unemployment, low inflation, equitable distribution) and instruments (fiscal, monetary, supply-side policies).
Government and the macroeconomy - taxation (direct, indirect), public spending, national debt; balance of payments.
Economic indicators (GDP, inflation rate, unemployment rate, BoP) and policies (fiscal, monetary, supply-side).

Class 9 Economics

Story of village Palampur - case study of mixed farming; HYV seeds, irrigation, fertilizers, labour-intensive vs capital-intensive.
People as resource - human capital (education, skills, health); demographic dividend (India's working-age population peak ~2040s).
Poverty as a challenge (multidimensional: income, health, education); food security (PDS, MSP, FCI; National Food Security Act 2013).

Class 10 Economics

Development - income indicator (GDP per capita), social indicators (HDI: life expectancy + education + income), sustainable development.
Sectors of the Indian economy - primary (45% workforce, 17% GDP), secondary, tertiary; organised vs unorganised; public vs private.
Money and credit (formal: banks, MFIs; informal: moneylenders); globalisation (1991 LPG reforms); consumer rights (COPRA 1986).

Class 9 Commercial Studies

Introduction to commerce (trade + auxiliaries), banking (deposits, loans, payment services), and trade (domestic + international).
Means of communication (telephone, internet, postal) and transport (road, rail, air, sea, pipeline; logistics).
Office procedures - filing systems, correspondence (formal letters), data management, basic accounting entries.

Class 10 Economics

Markets and competition - perfect competition (many sellers, identical product), monopoly (single seller), oligopoly (few large firms).
Major industries in India - iron + steel (Jamshedpur, Bhilai), cotton textiles (Ahmedabad, Mumbai), IT (Bengaluru, Hyderabad), pharma.
India in the global economy - trade (oil imports, IT services exports), MNCs (Tata, Infosys), FDI inflows, RCEP / FTA negotiations.

Foundations of Economics

Economic problems - scarcity (unlimited wants, limited resources) and choice (what, how, for whom to produce).
Production possibility curve (PPC / PPF) - max output combinations of 2 goods; shows opportunity cost as slope.
Demand and supply - simple (downward-sloping demand, upward-sloping supply, equilibrium at intersection).

Note

Cambridge IGCSE 0455 Economics is sat at the end of Year 10 / 11 (Grade 10 / 11).
Cambridge AS-level Economics (9708) starts in Year 12 (Grade 11) - half of full A-level qualification.
Full A-level (9708) is taken in Year 13 (Grade 12); see the Senior Grade 11 + 12 columns for syllabus.

Senior (Grade 11)

Age 16+ 80 hrs

AP Microeconomics

Basic economic concepts (scarcity, choice, opportunity cost, marginal analysis) and PPF (production possibility frontier).
Supply and demand; elasticity (PED, PES, YED income, XED cross) - applications, calculations.
Production (TP, AP, MP; law of diminishing returns), cost (FC, VC, TC, AC, MC) and perfect competition (price takers, P = MR = MC at profit-max).

AP Microeconomics (cont.)

Imperfect competition - monopoly (single seller; P > MC; deadweight loss), oligopoly (few firms; game theory; cartels).
Factor markets - labour (wage = MRP), land (rent), capital (interest rate); marginal productivity theory.
Market failure (externalities: positive + negative; public goods; info asymmetry; monopoly power) and government intervention.

AP Macroeconomics

Economic indicators - GDP (Y = C + I + G + X - M), unemployment (frictional, structural, cyclical), inflation (CPI, PPI).
National income and price determination - aggregate demand, aggregate supply, equilibrium output + price level.
Financial sector (banks, central bank) and monetary policy (interest rates, money supply; Fed Funds Rate; QE).

AP Macroeconomics (cont.)

Long-run consequences of stabilisation policies - Phillips Curve (short-run trade-off; long-run vertical at NAIRU); inflationary expectations.
Open economy and international trade - balance of payments (current + capital accounts), exchange rates (floating vs fixed), trade policy.
Past paper practice - 4 full AP Macro + 4 AP Micro mocks; multiple choice + free response under exam time.

CIE3M The Individual & The Economy

Economic decision-making (scarcity, choice, opportunity cost, marginal analysis) and PPF (production possibility frontier).
Demand (downward-sloping; factors: price, income, substitutes, complements, tastes), supply (upward-sloping), and elasticity (PED, PES, YED).
Markets and competition - perfect competition, monopolistic competition, oligopoly, monopoly; market efficiency vs equity.

CIA4U Analysing Current Issues

Macroeconomic indicators (GDP, inflation, unemployment, current account) and theory (Keynesian, monetarist, supply-side, classical schools).
Monetary (Bank of Canada interest rates; money supply) and fiscal policy (federal budget; taxes; spending).
International trade (comparative advantage; FTA: USMCA, CPTPP) and globalisation (benefits + criticisms).

Microeconomics

Markets - demand (factors: price, income, substitutes), supply (factors: costs, technology), equilibrium (Qd = Qs).
Elasticity (PED, PES, YED, XED) and market failure (externalities: pollution; public goods: defence; merit goods: education).
Government intervention - taxes (Pigouvian), subsidies, regulation, direct provision; aim to correct market failures.

Macroeconomics

Macroeconomic objectives - growth (real GDP growth 2-3% pa), inflation (RBA target 2-3%), employment (NAIRU ~5%).
Fiscal policy (govt spending + taxation; budget deficit / surplus) and monetary policy (RBA cash rate; money supply).
International trade (comparative advantage; FTAs: ChAFTA, JAEPA, AANZFTA) and exchange rates (floating; AUD/USD).

Statistics for Economics

Introduction to statistics - nature, scope, importance in economics; statistical inquiry.
Collection (primary: surveys, secondary: official sources), organisation (frequency distribution, tabulation), and presentation of data (diagrams, graphs).
Measures of central tendency (mean, median, mode) and dispersion (range, variance, standard deviation, quartile deviation).

Indian Economic Development

Indian economy on the eve of independence (1947) - colonial extraction, low literacy 12%, life expectancy 32 years, agrarian.
Indian economy 1950-1990 - 5-year plans, mixed economy, License Raj, public sector dominance, slow Hindu rate of growth (3.5%).
Liberalisation, Privatisation and Globalisation (LPG) reforms - 1991 BoP crisis; Manmohan Singh; rupee devaluation; opened up economy.

Indian Economic Development (cont.)

Poverty (Tendulkar Committee line; multidimensional poverty index), employment (organised + unorganised; under-employment), infrastructure (energy, transport, communication).
Environment and sustainable development - common property resources, climate change impacts, SDGs.
Comparative development - India (1.4B; services 53% GDP), China (1.4B; mfg 28%), Pakistan (240M; lower HDI); key indicators.

Microeconomics

Basic problems of an economy - what to produce, how to produce, for whom to produce; scarcity, choice, opportunity cost.
Demand (Law of Demand: Qd inversely related to P), supply (Law of Supply: Qs positively related to P), and price determination (equilibrium).
Elasticity (PED, PES, YED, XED; calculations + diagrams) and revenue concepts (TR, AR, MR; relationship; total revenue test).

Production & Costs

Production function - short run (1+ fixed factor; TP, AP, MP; diminishing returns) and long run (all factors variable; returns to scale).
Cost analysis - fixed (FC; do not vary with output), variable (VC; rise with output), total (TC = FC + VC), marginal (MC = dTC/dQ), average.
Producer's equilibrium - profit maximised where MR = MC and MC is rising; supernormal profit if P > AC.

Money & Banking

Functions of money - primary (medium of exchange, store of value) and secondary (unit of account, standard of deferred payment).
Banking - commercial (deposit-taking, lending, payment services; SBI, HDFC, ICICI) and central (RBI; banker's bank; lender of last resort).
Monetary policy of RBI - repo rate, reverse repo, CRR, SLR, OMO; targeting 4 +/- 2% inflation.

Basic Economic Ideas

Scarcity (unlimited wants, limited resources), choice (which wants to meet), opportunity cost (next-best forgone); PPF as visual.
Economic methodology - positive (what is) vs normative (what ought to be) statements; ceteris paribus.
Demand (downward-sloping) and supply (upward-sloping); market equilibrium where Qd = Qs; price + non-price determinants.

Price System & Microeconomy

Elasticity - PED (%dQd / %dP), YED (income), XED (cross-price), PES (supply); calculations + interpretations.
Consumer surplus (area above price + below demand) and producer surplus (area below price + above supply); welfare gains from trade.
Market failure (externalities, public goods, info asymmetry, monopoly) and government intervention (taxes, subsidies, regulation).

Government Microeconomic Intervention

Taxes (specific, ad valorem; incidence depends on elasticities), subsidies (reduce price, increase output), price controls (price ceiling, price floor; shortages / surpluses).
Externalities (positive: education, vaccines; negative: pollution, smoking) and public goods (non-rival, non-excludable: defence, lighthouses).
Information failure - asymmetric information (used cars, insurance); adverse selection; moral hazard.

Macroeconomy

AD / AS model (aggregate demand curve, aggregate supply: short-run + long-run); circular flow of income (households, firms, govt, foreign sector).
Macroeconomic indicators - GDP (nominal vs real; per capita), CPI (consumer price index), unemployment rate (LFS), current account balance.
Inflation (demand-pull, cost-push; CPI, RPI), unemployment (frictional, structural, cyclical, seasonal), exchange rates (floating vs fixed).

Note

IGCSE 0455 Economics is sat at the end of Grade 10 / Year 11 in Cambridge schools.
Cambridge AS-level Economics (9708) starts in Grade 11 / Year 12 - half of full A-level qualification.
See the Cambridge AS-level Economics (9708) column above for the Grade 11 syllabus.

Microeconomics

Demand and supply (downward + upward-sloping; equilibrium); elasticity (PED, PES, YED, XED with calculations).
Market failure - externalities (Pigouvian taxes / subsidies), public goods (non-rival, non-excludable; free-rider problem).
Government intervention - taxes (corrective), subsidies, regulation, public provision; evaluating effectiveness.

Macroeconomics

Macroeconomic objectives - growth (real GDP growth), inflation (MAS targets 1-3% core), employment (low + improving productivity), BoP.
AD / AS model (aggregate demand, short-run + long-run aggregate supply); multiplier (1 / (1 - MPC); affects output via spending rounds).
Fiscal policy (Singapore budget; B for spending) and monetary policy (Singapore uses exchange-rate-centred policy via MAS, not interest rates).

International Economics

Globalisation and trade - comparative advantage (Ricardo); benefits + costs; free trade vs protectionism.
Exchange rates - floating (market-determined; USD/EUR) vs fixed (pegged: Hong Kong dollar) vs managed float (Singapore: SGD against trade-weighted basket).
Singapore's economic context - small + open + trade-dependent; financial hub; high-value-added manufacturing; SkillsFuture for human capital.

Senior (Grade 12)

Age 17+ 80 hrs

Macroeconomics Deep Dive

Phillips curve (short-run: inflation-unemployment trade-off; long-run: vertical at NAIRU) and policy lags (recognition, decision, implementation, impact).
Open economy - exchange rates (interest-rate-driven; PPP) and capital flows (Mundell-Fleming model; trilemma).
Past paper drilling for May exam - 5 years of MCQs + FRQs; mark-scheme calibration.

Microeconomics Deep Dive

Game theory and oligopoly - prisoner's dilemma, dominant strategy, Nash equilibrium; cooperative vs non-cooperative games.
Externalities - Coase theorem (private bargaining can solve externalities if property rights well-defined + low transaction costs).
Past paper drilling for May exam - 5 years of MCQs + FRQs; mark-scheme calibration; 4 full mocks.

AP Exam Practice

4 full Macro mocks; 4 full Micro mocks - 70 min MCQ + 60 min FRQ each.
FRQ structure (3 questions; numbered parts) and mark-scheme calibration (graph correctness, definitions, explanations).
Score-band targeting - 5 = top tier (~90%+), 4 = strong (~75-85%), 3 = pass (~60-70%).

Macroeconomic Analysis

Business cycle (expansion, peak, contraction, trough) and stabilisation - countercyclical policy via fiscal + monetary tools.
Monetary policy and the Bank of Canada - overnight rate, inflation target 2% +/- 1%, QE during crises.
Fiscal policy and government budgets - federal budget; deficit / surplus; Keynesian multiplier; debt-to-GDP ratio.

International Economics

Trade theory - absolute advantage (Smith: produce what you make best) and comparative advantage (Ricardo: trade where opportunity cost is lower).
Trade policy - tariffs (tax on imports), quotas (quantity limits), NAFTA (1994) / USMCA (2020); WTO multilateral framework.
Exchange rates (CAD floats; PPP; interest rate parity) and BoP (current + capital + financial accounts; balances to zero).

Australian Economy

Economic performance (GDP growth, inflation, unemployment, current account) and policy responses.
Fiscal policy (Treasury budget; structural vs cyclical deficit) and monetary policy (RBA cash rate target 2-3% inflation).
Microeconomic reform - National Competition Policy 1995, labour market reforms, trade liberalisation, deregulation.

Global Economy

Globalisation and trade - benefits (efficiency, cheaper goods, growth) and costs (inequality, job losses, environmental); WTO framework.
Exchange rates - floating since 1983; depreciation boosts exports, appreciation lowers import prices.
Australia's economic relations with Asia - China (largest trading partner), Japan, S Korea, India, ASEAN; ChAFTA 2015.

ATAR Exam

Past paper drills - 5 years of VCE / HSC / WACE / QCE papers.
Essay writing (thesis + body + conclusion; precise economic language) and short response (concise, accurate).
ATAR rank targeting - top 10% / top 5% strategies; mark-scheme calibration.

Introductory Macroeconomics

National income and related aggregates - GDP, GNP, NNP, NDP; methods (product, income, expenditure); circular flow.
Money (functions, supply: M1, M3) and banking (commercial: SBI, HDFC; central: RBI; CRR, SLR, repo rate).
Income determination (Keynesian cross; multiplier 1/(1-MPC)); government budget (revenue + capital; deficit financing); balance of payments.

Introductory Microeconomics

Introduction to microeconomics - meaning, scope; central problems of an economy (what, how, for whom).
Consumer's equilibrium (utility analysis: MUx/Px = MUy/Py; indifference curve analysis) and demand (Law; determinants; elasticity).
Producer behaviour (production function; cost) and supply (Law of Supply); forms of market (perfect competition, monopoly, monopolistic, oligopoly) and price determination.

Microeconomics

Forms of market - perfect competition (many sellers, identical product, P = MC), monopoly (single seller, P > MC), monopolistic (differentiated products), oligopoly (few large firms; game theory).
National income and related aggregates - GDP, GNP, NNP, NDP; product / income / expenditure methods.
Determination of income and employment - Keynesian theory (AD = AS); multiplier; full employment vs underemployment.

Macroeconomics

Money (functions, supply: M1, M3) and banking (commercial banks; central bank RBI; credit creation).
Public finance - government budget (revenue + capital; deficit / surplus); fiscal policy (taxation + spending to stabilise economy).
International trade - tariffs (taxes on imports), foreign exchange (floating; INR/USD); BoP (current + capital).

Indian Economic Development

Development and planning - 5-year plans; LPG reforms 1991; NITI Aayog (replaced Planning Commission 2015).
Sectoral analysis - primary (45% workforce, 17% GDP), secondary (industry), tertiary (services 53% GDP) - structural transformation.
Issues - poverty (~11% below poverty line 2022), unemployment (~5% urban + youth bulge), inflation (RBI targets 4 +/- 2%).

Microeconomy II

Theory of the firm; market structures - perfect competition, monopoly, monopolistic competition, oligopoly; profit maximisation MR = MC.
Labour market and wage determination - MRP theory; wage = MRP in perfect competition; wage differentials; trade unions.
Game theory introduction - prisoner's dilemma, dominant strategy, Nash equilibrium; cooperative vs non-cooperative games.

Macroeconomy II

National income (GDP, GNP, NNP; methods) and income determination (Keynesian: AD = AS; multiplier 1/(1-MPC)).
Inflation (demand-pull, cost-push; CPI), unemployment (frictional, structural, cyclical), growth (factors; sustainability) - deeper analysis.
International trade (comparative advantage; terms of trade) and BoP (current + capital + financial accounts; surplus / deficit).

Government Macro Intervention

Fiscal (govt spending + taxation), monetary (interest rates + money supply), supply-side (improving productivity, labour markets, deregulation).
Policy conflicts and trade-offs - inflation vs unemployment (Phillips curve), growth vs environment, equity vs efficiency.
Evaluation of policies - short-run vs long-run effects, magnitude, lags, side-effects, distributional impacts.

Exam Strategy

4 A-level Paper 3 (Multiple choice + data response) and Paper 4 (essays) mocks under exam conditions.
Essay structure (intro defining key terms; body with diagrams + analysis; conclusion with judgement) and evaluation marks.
A* targeting (>= 90%) - precise economic language, accurate diagrams, balanced evaluation.

Note

IGCSE 0455 Economics is sat at the end of Grade 10 / Year 11 in Cambridge schools.
Cambridge A-level Economics (9708) is taken in Grade 12 / Year 13 - full A-level qualification.
See the Cambridge A-level Economics (9708) Y13 column above for the Grade 12 syllabus.

Market Structures

Perfect competition (many sellers, identical product, P = MC = MR; no economic profit in LR) and monopoly (single seller; P > MC; deadweight loss).
Monopolistic competition (differentiated products; advertising; P > MC in SR) and oligopoly (few firms; game theory; kinked demand).
Comparative analysis - efficiency (productive + allocative), market power, profit, dynamic efficiency across structures.

Macroeconomic Policy

Aggregate demand management - fiscal (budget; G + T) and monetary (Singapore uses exchange rate via MAS, not interest rates).
Supply-side policies - SkillsFuture (lifelong learning), infrastructure (Changi expansion), R&D incentives, productivity drives.
Policy conflicts and trade-offs - inflation vs unemployment (Phillips curve), growth vs equity, BoP vs domestic.

International Trade

Globalisation in detail - trade, FDI, MNCs, migration, technology spread; benefits + costs analysis.
Trade protection - tariffs (revenue + protect domestic industry), quotas, subsidies, NTBs; arguments for + against.
Singapore's trade policy - free trade port; FTAs with US, EU, China, India, Japan; CPTPP, RCEP member.

A-level Exam Strategy

TYS (Ten-Year Series) past papers - drilling each year's questions for pattern recognition.
Case study (data response with 4-6 parts) and essay practice (25-mark structured response).
A-grade target writing - precise economic terminology, accurate diagrams (D / S, AD / AS, cost curves), balanced evaluation.

Requirements

A laptop or desktop with stable internet
Scientific calculator
Notebook for diagrams and worked examples
Past papers and a current-affairs subscription (we share)

Reviews

4.9 / 5 ★ · 255+ students enrolled

Parents consistently rate our mentors for personalised attention, clear concepts and steady progress. Book a free demo to experience a class first-hand.

Frequently Asked Questions

How do I get started?

Click the Book a Demo button on this page and fill in your child's grade and school board (CBSE / ICSE / IGCSE / Cambridge / US Common Core / Singapore MOE etc.). We will schedule a free trial session with a matching tutor. For details, contact our coordinator on WhatsApp at +91 93308 11581 or email contact@winquestonline.com.

Will the tutor follow my child's school board?

Yes. Every WinQuest tutor is mapped to specific curricula. Before the first class we ask which board your child follows; the tutor uses that board's scope and sequence, supports the school textbook chapter by chapter, and adds worksheets in the board's exam style. We currently support US Common Core, Ontario, Australian v9.0, CBSE (NCERT), ICSE (CISCE), IGCSE 0580 / 0500 / 0610 / 0620 / 0625, Cambridge Primary / Lower Secondary, and Singapore MOE.

How does payment work?

We require monthly advance payments for the number of classes scheduled in that calendar month. We accept Zelle, PayPal, UPI (for India), Stripe and major credit / debit cards. You can select your preferred payment method during the initial enrolment.

What if my child misses a class?

For 1:1 sessions we reschedule a make-up at a mutually convenient time at no extra cost (with at least 24 hours notice). For group classes we share a timed recording of the session on parent request, so your child can catch up before the next class.

How long is each class?

Each class session is 60 minutes long for academic subjects. Frequency is typically twice a week for K-7 grades and 2-3 times a week for high school, based on the board exam timeline and parent preference.

How is progress measured?

Tutors give written feedback on every homework assignment, run a short formative quiz every 4-6 classes, and a longer chapter test at the end of each topic. Parents receive a monthly progress report covering concept mastery, homework completion and test scores.

What is the class size?

For 1:1 sessions the class is just your child and the tutor. For group classes we cap each batch at 6-8 students so every learner gets individual attention and can ask questions in real time.

Are the tutors qualified?

All our tutors are highly qualified subject-matter experts with proven track records - many hold Master's degrees in their subject and several years of school-curriculum teaching experience. Each tutor is interviewed by our academic head before joining and is mapped to specific boards and grades.

What if my child needs to pause for a school break or exam?

Just let us know in advance. There are no contracts - you can pause for a school holiday or final-exam stretch and resume when the student is ready, with no penalty.

What are the requirements?

A laptop or desktop with a stable internet connection is required. Pencil, eraser, ruler and a notebook for working out solved problems. For higher grades a basic calculator. The tutor will list any board-specific requirements (textbook, geometry box, etc.) before the first class.