GCSE Economics
Why should I study Economics?
Economics is a large sector of employment in the UK with a wide range of people currently working as in some part of the economy in the UK, and millions more worldwide. It is an interesting, and well-paid job with opportunities across the globe in a wide range of disciplines.
What does the course involve?
The Economics GCSE course is divided into 11 units:
Economic Foundations | Resource Allocation |
How Process are Determined | Production, Costs, Revenue and Profit |
Competitive and Concentrated Markets | Market Failure |
Practical Engineering Skills | Government Objectives |
How the Government Manages the Economy | International Trade and the Global Economy |
The Role of Money and Financial Markets |
You will complete theory sessions to help you build your knowledge and skills in the different areas.
How will I be assessed?
Paper 1. How markets work. 50% of final mark.
Written exam. 1hour 45 exam. 80 marks.
Section A 10 multiple choice questions. Section B Five questions of short and extended responses
Paper 2. How the economy work. 50% of final mark.
Written exam. 1hour 45 exam. 80 marks.
Section A 10 multiple choice questions. Section B Five questions of short and extended responses
What are my options after GCSE?
After the GCSE course, you can choose to continue to study Economics at Level 3, as an A-Level subject option at BMAT STEM Academy. Many students often choose to combine this course with Maths, Computer Science or Statistics. There are lots of Level 3 apprenticeships available that are related to economics.
What should I do to prepare for the course?
Economics need to be comfortable with maths and statistics so it is important to continue to work on these areas. Ideally you need to be able to get a 5 or higher in these subjects.