The Business Studies Department

Key Stage 4 - Years 10 and 11

Economics GCSE

Why study Economics?

The short answer to the question ‘Why study economics?’ is that it is a terrific subject! There are, though, three very good reasons to study it:

1. The first is that it is interesting and that it is impossible to understand the world in which we live without some knowledge of economics.
2. A second reason is that it is useful, both to the individual who studies it and also to society as a whole, since economics can lead to a better world.
3. A third reason is that a qualification in economics is an excellent basis for a career.

Aims

To engage students actively in the study of economics to help them understand current events and issues on a local and global scale. To enable students to consider the moral issues that arise as a result of economic activity on the environment and on economic development.

Content

• Unit 1 How the Market Works
  
  
• Unit 2 How the Economy Works
  
  
• Unit 3 The UK Economy and Globalisation

Scheme of Assessment

• Unit 1 25% of the total GCSE marks - 1 hour written paper
  
  
• Unit 2 25% of the total GCSE marks - 1 hour written paper
  
  
• Unit 3 50% of the total GCSE marks - 1.5 hour written paper based on pre-issued stimulus material.

Progression

GCSE Economics is an ideal stepping stone for further study of Economics at A Level, which is offered at the Sixth Form. In addition the course content and range of skills required make it perfect for progression on to a whole host of other Further Education subjects, including Politics, Law, Ethics, Philosophy, Sociology, Business Studies, History and the IB Diploma. Economics is also held in high regard by universities and employers in the financial and business sectors.