ECONOMICS
GCSE Economics offers students a great opportunity to learn about how everyday individuals, organisations and governments are faced with making economic choices.
WHAT IS ECONOMICS?
GCSE Economics offers students a great opportunity to learn about how everyday individuals, organisations and governments are faced with making economic choices in terms of how best to use the limited amount of resources that they have available.
WHAT WILL I STUDY?
GCSE Economics offers students the chance to be introduced to concepts related to Microeconomics enabling them to explore how markets function. Learners will also consider Macroeconomic theories helping reflect on how the economy of a country functions. In their second year of study, students focus on the convergence of markets and the issues that arise from this.
WHY SHOULD I STUDY GCSE ECONOMICS?
Economics is a fascinating subject to study, which is not only well respected but also extremely relevant to the real world. Throughout the course students will be able to develop their skills of analysis and evaluation as they learn to apply economic theory to different contexts. The GCSE Economics course lays excellent foundations for AS and A Level study.
HOW IS IT ASSESSED?
The course is assessed through three external written examinations which will be taken at the end of the second year:
| Weighting | Format | ||
| A591: | How the Market Works | 25% | 1 hour exam |
| A592: | How the Economy Works | 25% | 1 hour exam |
| A593: | The UK Economy and Globalisation | 50% | 1 hour 30 minutes exam |
Exam Board: OCR
WHAT DO I NEED?
Students who succeed on the course will have an interest in current affairs and desire to understand how the economy works. They should be willing to undertake research and share their thoughts and opinions on the economic climate. A willingness to work with numerical data to help form analysis is crucial.
NOTES/READING LIST
OCR GCSE Economics: Student Book By C.Bancroft and A.Chapman ISBN-10:0435849050
