Council for the Curriculum, Examinations and Assessment

GCSE Economics

For first teaching from September 2017

Our revised GCSE Economics specification engages students in studying contemporary economic issues in a range of local, national and global contexts. The course includes fresh emphasis on financial capability and the global economy. It has been structured so that the content flows in a logical teaching order and the learning outcomes are clear and specific.

The specification introduces key economic concepts, such as the basic economic problem and demand and supply. Topics include market forces, the financial services industry and managing personal finances. Students analyse how and why international trade and varying exchange rates can affect the UK economy. They also explore environmental, moral and legislative issues linked to economic activity.

The qualification encourages students to develop as independent learners with enquiring minds, and to develop transferable skills such as critical thinking and the ability to build arguments and make informed judgements. It provides them with a sound basis for their role as consumers, producers and citizens, as well as potential related study in the future.

Specification and Specimen Assessment Materials

Our GCSE in Economics is a linear qualification: students take all the assessment at the end of the course. There are two external written examinations: Paper 1 is worth 60% of the overall mark and Paper 2 is worth 40%.

The specification has five content areas:

  • Basic Economic Ideas
  • Producing and Consuming
  • Financial Capability
  • Managing the Economy
  • The Global Economy.

The content may be assessed in Paper 1 and/or Paper 2.

Specification
(PDF), Last Updated: 15 June 2017

Specimen Assessment Materials

Specimen Assessment Materials
(PDF), Last Updated: 15 June 2017

Support


3.2 Producing and Consuming - Market Failure
(PPTX), Last Updated: 03 October 2017

3.3 Managing Personal Finances
(PPTM), Last Updated: 03 October 2017

3.3 Money and Financial Products
(PPTM), Last Updated: 03 October 2017

3.4 Managing the Economy - Circular Flow of Income
(PPTX), Last Updated: 03 October 2017

3.4 Managing the Economy - Fiscal Policy
(PPTX), Last Updated: 20 November 2017

3.4 Managing the Economy - Government Policy Instruments
(PPTX), Last Updated: 10 October 2017

3.4 Managing the Economy - Monetary Policy
(PPTX), Last Updated: 27 October 2017

3.5 European Union (EU)
(PPTM), Last Updated: 10 October 2017

3.5 The Global Economy - Balance of Payments
(PPTX), Last Updated: 20 November 2017

GCSE Economics Planning Framework
(DOCX), Last Updated: 28 June 2017

GCSE Economics Snapshot
(PDF), Last Updated: 19 June 2017

GCSE Economics Student Guide
(PDF), Last Updated: 19 June 2017

Student Worksheets 3.1 Basic Economic Ideas - The Private and Public Sectors
(PDF), Last Updated: 10 October 2017

Fact Files


Factfile 3.3 European Union
(PDF), Last Updated: 10 August 2017

Factfile 3.3 Money
(PDF), Last Updated: 10 August 2017

Factfile 3.3 Interest Rate
(PDF), Last Updated: 10 August 2017

Factfile U3.3 Savings Borrowing and Personal Life Cycle
(PDF), Last Updated: 10 August 2017

Factfile 3.3 Debt
(PDF), Last Updated: 10 August 2017

Factfile U3.3 Financial Services Industry
(PDF), Last Updated: 10 August 2017

Factfile 3.1 Social Moral Ethical and Legislative Issues
(PDF), Last Updated: 27 October 2017

Factfile 3.2 Labour market - Wages
(PDF), Last Updated: 25 October 2017

Factfile 3.2 Minimum & Living Wage
(PDF), Last Updated: 25 October 2017

Factfile 3.4 Unemployment
(PDF), Last Updated: 25 October 2017

Factfile 3.2 Immigration & Emigration
(PDF), Last Updated: 25 October 2017