Homeschool Guide: These lesson plans are a guide for parents. Content may contain errors — always cross-reference with official exam board specifications.

📈 Economics

Foundation Higher All Boards

GCSE Economics develops understanding of how markets work, why they fail, and how governments intervene. Students study microeconomics (markets, producers, elasticity) and macroeconomics (economy, government policy, global economy). Data analysis, calculations, and case studies build quantitative and evaluative skills.

📊 Course Overview

GCSE Economics develops understanding of how markets work, why they fail, and how governments intervene. Students study microeconomics (markets, producers, elasticity) and macroeconomics (economy, government policy, global economy). Data analysis, calculations, and case studies build quantitative and evaluative skills.

StrandTopics
Economic Foundations4
How Markets Work5
Producers and Costs5
The National Economy4
Government Policy4
The Global Economy5

🏗️ Economic Foundations (4 Topics)

EC1 Basic Economic Problem EC2 Factors of Production EC3 Economic Systems EC4 Specialisation and Division of Labour

⚖️ How Markets Work (5 Topics)

EC5 Demand and Supply EC6 Price Elasticity of Demand EC7 Income and Cross Elasticity of Demand EC8 Price Elasticity of Supply EC9 Market Failure and Government Intervention

🏭 Producers and Costs (5 Topics)

EC10 Production and Productivity EC11 Costs of Production EC12 Revenue and Profit Maximisation EC13 Market Structures EC14 Labour Markets

🏛️ The National Economy (4 Topics)

EC15 Macroeconomic Objectives EC16 Measuring Economic Performance EC17 Aggregate Demand and Aggregate Supply EC18 Circular Flow of Income

📋 Government Policy (4 Topics)

EC19 Fiscal Policy EC20 Monetary Policy EC21 Supply-Side Policies EC22 Policy Conflicts and Trade-offs

🌐 The Global Economy (5 Topics)

EC23 International Trade EC24 Exchange Rates EC25 Balance of Payments EC26 Globalisation and Development EC27 International Organisations Higher

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More topics (22)

EC6 Demand EC1 Economic Activity EC18 Economic Growth EC25 Exchange Rates EC20 Fiscal Policy EC26 Globalisation And The Financial Sector EC17 Government Revenue And Spending EC19 Inflation And Unemployment EC16 Interest Rates, Saving And Borrowing EC10 Intermarket Relationships EC24 International Trade EC5 Making Economic Choices EC15 Market Failure EC21 Monetary Policy EC8 Price Determination EC9 Price Elasticity EC3 Resource Allocation EC4 Specialisation And Division Of Labour EC7 Supply EC22 Supply-Side Policies EC23 The Distribution Of Income EC2 The Factors Of Production