The GCSE AQA Economics course provides students with a clear and structured understanding of how economic systems function at local, national, and global levels. It develops analytical thinking and encourages learners to evaluate real-world economic issues, helping them understand how choices are made when resources are limited. The course is designed to be accessible while building a strong foundation for further study in economics and related subjects.
Students begin by exploring the fundamental economic problem of scarcity and choice, examining how individuals, businesses, and governments make decisions. They study the operation of markets, including supply and demand, price determination, elasticity, and market failure, gaining insight into how prices and incentives influence behaviour. This section helps students understand everyday economic situations, such as changes in prices, wages, and consumer choices.
The course then develops an understanding of the role of businesses and labour markets within the economy. Students examine how firms produce goods and services, how workers are employed and paid, and how productivity affects economic growth. Key economic objectives such as growth, employment, inflation, and income distribution are analysed to show how economies aim to improve living standards.
In the final part of the course, students study the role of government and the wider economy. They explore fiscal and monetary policy, taxation, government spending, and regulation, as well as international trade and globalisation. Throughout the course, students learn to interpret data, analyse economic arguments, and evaluate different policy options. By the end of the GCSE AQA Economics course, learners are well prepared for examinations and have developed a strong understanding of economic issues that shape the modern world.