GCSE Economics

Official AQA GCSE

Course Codes

OSC1400 / OSC1401

Official and recognised AQA GCSE Economics course
Focus on real world issues
Understand economic activity through the lens of consumers, producers and the government
Option to add on your exams - we'll book these for you
Study at your own pace, in your own environment

Course Options	Please choose a course option to see prices	Course Material + Exams Course Material
Study Options	Study Online Study Pack
Payment Options	Pay Upfront Pay Monthly Pay Monthly is not available in your currency.

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The General Certificate of Secondary Education (GCSE) is the UK’s most widely recognised certification for the end of secondary school education. It is often the entry-level requirement to further study, such as A Levels and apprenticeships.

With our online GCSE Economics qualification you will learn the foundations of economics including production, costs, revenue and profit and understand the national economic structure.

GCSEs are recognised qualifications that are often a gateway to further learning and our GCSE Economics course is perfect if you want to go on and study A Level Economics in the future.

If you choose to enrol on the package, we will pay for and book your exams for you, on your behalf.

Course Duration

Up to 1 year.

Course Outcome

On exam completion, you will receive your AQA Economics GCSE qualification.

Entry Requirements

There are no specific entry requirements for this course.

Assessment

2 paper-based exams.

Economic activity
The factors of production
Making choices

Markets and allocation of resources
Economic sectors
Specialisation, division of labour, and exchange

Demand for goods and services
Supply for goods and services
Equilibrium price
Intermarket relationships
Price elasticity of demand
Price elasticity of supply

The importance of cost, revenue and profit for producers
Production and productivity
Economies of scale

The importance of market structures on producers and consumers
Competitive markets
Non-competitive markets
The labour market

Interest rates, saving, borrowing, spending and investment
Government income and expenditure

Economic objectives of the government
Economic growth
Employment and unemployment
Inflation and price stability
Balance of payments
Distribution of income

Fiscal policy
Monetary policy
Supply-side policies
Policies to correct positive and negative externalities

Why countries trade and the importance of international trade to the UK
Exchange rates
Free-trade agreements including the European Union
Globalisation: benefits and drawbacks

The role of money
The role and importance of the financial sector for the economy

Assessment

Throughout your GCSE Economics course, you will have 8 tutor marked assignments to test your progress and knowledge of the units. If you want to receive the full GCSE qualification you will need to sit the official exams.

There are 2 written exam papers. A more detailed breakdown of the exam details are provided below.

Course Duration

You will have up to 1 year to for the full GCSE Economics course from the date you receive your materials. You will be able to study at your own pace and in your own time without the pressure of tight deadlines.

Study Method

This course enables you to study for your Economics GCSE by distance learning at home or at work. Your course materials will be sent by post or online, so receiving your materials is easy and hassle-free. Full tutor support will be available via email, so help is only a click away!

Course Outcome

Once you have studied the course and successfully passed the examinations, you will be awarded your AQA GCSE Economics.

You will achieve grade between 1-9 depending on your performance in your exams.

Topics assessed:

Economic foundations
Resource allocation
How prices are determined
Production, costs, revenue and profit
Competitive and concentrated markets
Market failure

Assessment type

Written exam (1 hour 45 minutes)

80 marks

50% of GCSE

Question types

Section A: 10 multiple choice questions followed by a range of calculation, short and extended response questions.
Section B: 5 questions involving a mix of calculations, short and extended responses

Topics assessed:

Introduction to the national economy
Government objectives
How the government manages the economy
International trade and the global economy
The role of money and financial markets

Assessment type:

Written exam: 1 hour 45 minutes

80 marks

50% of GCSE

Question types

Section A: 10 multiple choice questions followed by a range of calculation, short and extended response questions.
Section B: 5 questions involving a mix of calculations, short and extended responses.

When you enrol with Open Study College you will receive:

Dedicated personal tutor support
Dedicated student support
Accreditation
Assignment marking and feedback
FREE XO Student Discounts membership
FREE CV critique service
FREE employability guide to help you impress future employers
Comprehensive study guide*
Open Study College Pen and Highlighter*
Student notebook*

* Not included with the online study option

You will need to take the official GCSE examinations in order to fully complete this course. You have the option to add these on, we will book and pay for them when you are ready.

Please note: if you choose to add on your exams you will need to sit them at either the Birmingham, Coventry, Doncaster, Bolton, Wimbledon, Taunton, or St Neots examination centre.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Student Support Team can provide you with a new set of materials for a one-time additional fee.