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.