Both components include synoptic assessment.
Students must take both components (01 and 02) to be awarded the OCR GCSE (9-1) in 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:
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.
In both components students are encouraged to evaluate the moral, ethical and sustainability issues that arise from economic activity.