Economics GCSE
KEY STAGE 4 - GCSE
Economics is an optional subject and taught over five periods every two weeks. Students follow the OCR specification. The qualification is made up of 2 components:
Introduction to Economics (50%)
National and International Economics (50%)
Students are regularly assessed over the two years on their knowledge and application.
TOPICS COVERED
Introduction to Economics
- Main economic groups and factors of production
- Basic Economic Problem
The role of markets and money
- The role of markets
- Supply and demand
- Price determination
- Competition policy
- Production and productivity
- Labour markets
- The role of money and financial markets
Economic Objectives and the role of government
- Economic growth
- Unemployment
- Distribution of income and wealth
- Price stability
- Fiscal policy
- Monetary policy
- Supply side policy
- Market failure
International trade and the global economy
- Importance of international trade
- Balance of payments
- Exchange rates
- Globalisation
Specification: https://www.ocr.org.uk/Images/306377-specification-accredited-gcse-economics-j205.pdf
