Economics

COURSE TITLE
GCSE Economics
EXAM BOARD
OCR
COURSE CONTENT
Learners will develop a sound understanding of the main economic concepts and appreciation for how economic issues affect our lives. This course appeals to learners studying Economics for the first time and aims to develop an enthusiasm that will encourage them to progress to further study in Economics

Topics covered:

1.1 Main economic groups and factors of production
1.2 The basic economic problem
2.1 The role of markets
2.2 Demand
2.3 Supply
2.4 Price
2.5 Competition
2.6 Production
2.8 The role of money and financial markets
3.1 Economic growth
3.2 Low unemployment
3.3 Fair distribution of income
3.4 Price stability
3.5 Fiscal policy
3.6 Monetary policy
3.7 Supply side policies
3.8 Limitations of markets
4.1 Importance of international trade
4.2 Balance of payments
4.3 Exchange rates
4.4 Globalisation

OVERVIEW OF ASSESSMENT
Introduction to Economics (J205/01)* National and International Economics (J205/02)*
80 Marks 1 hour 30 minutes written paper 50% of total GCSE 80 Marks 1 hour 30 minute written paper 50% of total GCSE.
RECOMMENDED READING / LINKS
Freakononomics by Steven D.Levitt and S. Dubner
Essentials of Economics by Paul Krugman, Robin Wells and M.Olney.
Capitalism and Freedom by Milton Friedman
Cracking economics – T. Pettinger
The Travels of a T-Shirt in a Global Economy, Pietra Rivoli
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It, Paul Collier
The Armchair Economist: Economics and Everyday Life, Steven E. Landsburg
The Undercover Economist, Tim Harford
FUTURE PATHWAYS
Banking, insurance, financial risk, consultancy, data analyst, actuary, accountant and economist.