Examination Board: OCR
What is the aim of the course?
GCSE Economics course will encourage students to:
- Actively engage in the study of economics to develop as effective and independent learners and as critical and reflective thinkers with enquiring minds
- Use an enquiring, critical approach to distinguish between fact and opinion, building arguments and make informed judgements
- Apply their knowledge, understanding and skills to contemporary issues in a range of local, national and global contexts
- Understand the perspectives of a range of different stakeholders in relation to economic activity
- Consider the moral issues that arise as a result of the impact of economic activity on the environment and economic development
- Recognise that their economic knowledge, understanding and skills helps them to understand current events and provides a basis for their role as citizens, and for the possible further study of economics.
What will you study in this subject?
The course is divided into two units.
Unit 1: How the Market Works - written paper. 1 hour, 25% of the grade.
This unit covers issues with microeconomics: the basic economic problem and how it affects the allocation of resources in competitive markets.
Unit 2: How the Economy Works - written paper. 1 hour, 25% of the grade.
This unit covers issues within macroeconomics: the main variables in the economy and how these are influenced by government policy. It covers the expenditure and revenue of government, including taxes, and the effects that these have on the economy.
Unit 3: The UK Economy and Globalisation - written paper. 1 hour, 30 minutes, 50% of the grade. This unit covers the UK economy and globalisation and builds on the knowledge and skills gained in units 1 and 2.
What qualification will I get?
- GCSE Economics
For additional information, please contact: Mr R. Bradshaw