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Why study GCSE Economics?
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices.
GCSE Economics concentrates on real-world economic problems, helping you to understand the world in which we live. Throughout the course you will be challenged to face major world issues.
Subject content and assessment:
Paper 1 – ‘How markets work’ (written-exam, 1 hour 45 minutes):
Paper 2 – ‘How the economy works’ (written-exam, 1 hour 45 minutes):
Developing an understanding of both human behaviour and the wider economy will help you no matter which career path you decided to embark upon. Having said that, economics is particularly useful if you would like to work in business and finance, journalism and/or politics.
Perhaps most importantly, however, studying economics allows you to become more engaged, critical and robust citizens – able to assess the decisions taken by governments, politicians and big businesses around the world, and to hold power to account.
Useful web links: