Economics is an extremely enjoyable and interesting subject to take at GCSE. It will really open your eyes and challenge you to think in different ways about the world around you.
The Economics GCSE is designed to help you gain a good understanding of the major issues in Economics and how these affect us in our daily lives and in the future. If you thought that Economics was all about Maths, then think again. If you’re a naturally curious person and love to find out how things work, then studying Economics at GCSE could be a great choice for you.
In the first year you will be taught to think from a micro-economic perspective and learn about the fundamental problem of how best to allocate your scarce resources like time and money. Knowledge and understanding of how the laws of supply and demand affects the price of things like oil, gold, shares, cars and houses will also be provided.
You will learn about the dynamics of the Government’s macro-economic policy and how this affects things like interest rates, exchange rates, inflation, taxation and unemployment. In your second year you will build on the knowledge gained from Year 1 and also look at trade and its implications at a local, national and global level.
Every lesson will be interesting and hopefully challenge you to think and ask questions about what’s really going on in the global economy.