GCSE in Economics
GCSE Economics increases students’ knowledge and critical understanding of the world in which we live. It also helps them:
- make sense of the wide range of economic decisions taken by consumers, producers and governments as an integral part of everyday life; and
- appreciate the causes and effects of these decisions.
Through studying GCSE Economics, students:
- develop knowledge and understanding of market and non-market solutions to economics problems;
- appreciate the interdependence and dynamics of economic behaviour;
- learn relevant terminology, concepts and methods and recognise the strengths and limitations of the ideas used;
- apply their knowledge and understanding to current issues and problems in a wide range of appropriate contexts;
- distinguish between facts and opinions;
- evaluate qualitative and quantitative data in order to help build arguments and make informed judgements; and
- appreciate the perspectives of a range of stakeholders in relation to the environment, individuals, society, government and enterprise.
GCSE Economics can make a major contribution to students’ personal and social development and help them prepare for adult life. It can also help students prepare for the further study of Economics at a more advanced level including courses in GCE Economics, Business Studies and/or Applied Business.