Our GCSE in Economics introduces students to basic economic concepts and helps them develop the appropriate range of analytical, critical and reasoning skills to enable them to think as economists. They learn how consumers, producers and governments interact in markets nationally and internationally
Economics suits an analytical thinker who can make connections between theoretical ideas and the real world. As a new subject, there is a large knowledge base to work through and therefore almost every element of the course will be about topics which are not covered in other subjects. If pupils are comfortable with learning a lot of new theoretical information and applying it to the real world, then this will be an interesting and stimulating course.
Units of studyPupils will study two components: Introduction to Economics
This component introduces learners to the main economic agents, the basic economic problem and the role of markets, including the labour market and the importance of the financial sector.The National and International Economy
This component focusses on the main economic objectives, such as economic growth, low unemployment, fair distribution of income and price stability, and other roles of government. Other aspects are the importance of international trade and the impact of globalisation.
The course is examined through two examinations, each lasting 1 hour and 30 minutes.
You can find out more about studying economics at www.discovereconomics.ac.uk.