Assessment overview
| Component | Marks | Duration | Weighting | insert text |
Introduction to economics (01) | 80 | 1 hour 30 mins | 50% | |
National and international economics (02) | 80 | 1 hour 30 mins | 50% | |
Both components include synoptic assessment.
Students must take both components (01 and 02) to be awarded the OCR GCSE (9-1) in Economics.
Content overview
Component 1: Introduction to economics
Students are introduced to fundamental economic terms and concepts and apply them to explain how markets work in contemporary and historical economic contexts. They study the roles of the main economic agents, how they interact, and the importance of financial markets.
There are two topics:
- Introduction to economics
- The role of markets and money
National and international economics
Students develop their understanding of how governments aim to achieve economic objectives and the effects of economic policies on markets, as well as the importance and impact of international trade.
There are two topics:
- Economic objectives and the role of government
- International trade and the global economy
In both components students are encouraged to evaluate the moral, ethical and sustainability issues that arise from economic activity.