Save £150 when you enroll in 3 or more A Levels or GCSEs with code ‘ALEVGCSE’
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Course overview
- Focus on real-world issues.
- Understand economic activity through the lens of consumers, producers and the government.
- Option to add your exams to your enrolment, meaning we’ll book them for you.
- Study at your own pace, in your own environment.
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 fees:
Course Material – Online – £499 / Study Pack – £539
Course Material + Exams – £924 / Study Pack – £964
- Monthly instalment plan available
- No government funding available for this course
Recognition
Study method
- Online
- Blended
- In-class
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Duration study load
You will have up to one 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.
Entry requirements
There are no specific entry requirements for this course.
Course features
When you enrol with Open Study College you will receive:
- Dedicated personal tutor support
- Dedicated learner services
- Assignment marking and feedback
- Free XO Student Discounts Membership
- Free CV critique service
- Free employability guide to help you impress future employers
- Pen, highlighter, and notebook*
* Not included with the online study option
Assessment
Throughout your GCSE Economics course, you will have eight 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.
While you will be formally assessed by completing your exams, you will also need to complete and submit tutor-marked assignments to allow your tutor to monitor your progress.
There are two written exam papers. A more detailed breakdown of the exam details are provided below.
If you add the exams to your enrolment, the examination centres available for you to complete your exams at are as follows:
- Birmingham
- Bristol
- Doncaster
- Bolton
- Wimbledon
- Taunton
- St Neots, Cambridgeshire
- High Wycombe
- Romford
If you choose to add your exams to your enrolment, we will book these for you.
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.
Delivery
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!
Is this the same qualification as a GCSE from school or college?
Yes! Our online GCSEs are 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.
Subjects
- 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
About Open Study College
Save £150 when you enroll in 3 or more A Levels or GCSEs with code 'ALEVGCSE’
Get £50 off your enrolment with code 'SAVE50’
Established in 2007, Open Study College is a distance learning course provider that has helped over 130,000 learners take the next step towards achieving their ambitions.
With over 700 courses, ranging from A Levels and GCSEs through to childcare and beauty therapy — there’s something for everyone. All of their qualifications are independently accredited by established awarding organisations, fully equipping you for the future.
Why choose Open Study College?
Whether you’re in full-time work or have family commitments, distance learning at Open Study College provides the flexibility to create a study schedule that fits around the busy demands of day-to-day life. Accomplish your goals — at your pace, on your terms.
You will also receive the best possible support from the uber-friendly learner services team, as well as guidance from expert tutors who are on hand to answer any queries you might have throughout the duration of your course.
What makes Open Study College different?
Born from a genuine passion to improve the lives of others through education, Open Study College is a family-run business with decades of experience in the education and distance learning industry.
Seeking a career change? Didn’t get the exam results you wanted? Looking to learn a new skill? Enrol on one of their courses today and forge the future you’ve always wanted — all from the comfort of your own home!
Additional benefits
As an Open Study College learner, your benefits will include an XO Student Discounts membership, exclusive savings on future courses and a complete range of career support — including a free CV critique service, a free employability guide, and job-hunting help from their recruitment experts.
