GCSE Economics

Course codes: OSC1400 / OSC1401
Official AQA GCSE
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  • 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.
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SAVE £180 when you enrol onto 3 A Levels or GCSEs - limited time only. Discounts applied automatically.
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Course overview

Study for your official AQA GCSE Economics course from home or alongside work. This is perfect if you want to go on and study A Level Economics.

Learn the foundations of economics including production, costs, revenue and profit and understand the national economic structure.

 

Course Duration

Up to 1 year.

Course Outcome

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

Entry Requirements

There are no specific entry requirements for this course.

Assessment

2 paper-based exams.

Course content
  • 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
  • Misallocation of resources
  • Externalities
  • 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
Extra info

Assessment

Throughout your 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.

Exam details

Paper 1: How markets work

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
Paper 2: How the economy works

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.
Q&As

Yes!  This course is the same as a GCSE you would study at a traditional school or college.

The only difference is that this course is designed to be studied from home and you receive full tutor support via email.

You do not need any previous knowledge to enrol onto this course.

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

* 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. If you add these on, they must be taken at either the Birmingham, Bolton, Doncaster, London or Macclesfield examination centre. Please ensure you are able to travel to these places.

If you don’t add on the exams, you will need to book and pay for these separately.

You are still able to study this GCSE course, but must take the examinations within the UK, as this is the only guaranteed way to access exam centres.

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.

That's not a problem. We want to make sure you’re 100% confident about enrolling on the course and starting your study. So, just give our Student Adviser Team a call on 03300 563 100 and they’ll do their best to help.

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