GCSE Economics looks at the activity of the economy through the lens of consumers, producers and governments. As students go through the course they will be presented with opportunities to focus on real-world issues such as Brexit, the debt of the government and international trade. Students will also be able to consider and reflect upon moral, ethical and sustainable issues that arise as a result of the impact of economic activity.
Students will use their economic knowledge and skills to investigate national and global economic situations and issues from the last 15 years. They’ll learn the policies in which the government have used to try and manage these situations.
Students will have to use their quantitative skills to make relevant calculations from economic data and be able to interpret data presented in the form of graphs and charts. It is for this reason that students are required to be targeted no lower than a grade 6 in Maths to be able to access this GCSE course.
GCSE Economics is split up into Microeconomics and Macroeconomics. Students will sit a 1-hour 45-minute exam for each side of the course. Both papers consist of 10 MCQs, calculations, short and extended response questions.
GCSE Economics provides a strong foundation for employment with students progressing with further training to a wide range of careers such as banking, investment, financial advisory and accounting.
By the end of the course, students will be able to answer economic questions such as: how are prices determined, what are markets and why do markets fail, what are the government objectives and what is the role of money?
Grade ladders show the skills/content that a pupil is required to demonstrate to reach each particular grade. These can be used by pupils and parents in targeting what they need to do to make progress in each subject.
Please be aware these documents are only draft versions.