The aim of GCSE Economics is to:
- equip students with the basic tools to help them understand their place in and contribution to the local, national and global economy as consumers, workers and citizens
- develop the students’ understanding of economic concepts and theories
- investigate a range of contemporary economic issues, analysing the evidence from different perspectives
- provide students with a sound basis for progression to Advanced Subsidiary and Advanced Levels in Economics or Business Studies
What will students have the opportunity to study?
Students will be required to demonstrate specific knowledge and critical understanding of aspects of economic theory and its application in a variety of contexts. This will include developing an understanding of:
- personal lifecycle as a framework to consider how people manage their finances over time
- the world of work, monetary and non-monetary rewards and the labour market
- the national and global economy
- how the economy is managed using fiscal, monetary and supply side policies
- current economic issues, including unemployment, globalisation, development and the environment
Case Studies are an important part of the subject and emphasis is placed on students applying their understanding of theory to reach reasoned conclusions.