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Module 1: Introduction to economics
Module 2: The Role of markets and money
Module 3: Economic objectives and the role of governments
Module 4: International Trade and the global economy
Module 1: Introduction to Economics
Explore the fundamental building blocks of economics. This module covers the main economic groups, the four factors of production, the basic economic problem, and sustainability.
Module 2: The Role of Markets and Money
Delve into the mechanics of the market. Understand how demand and supply interact to determine prices and quantities. Learn about the factors that shift these curves and the concept of elasticity in consumer behavior. Find out about how competition, production and labour markets influence the ways that businesses act.
Module 3 & 4 Notes
Structured revision guides for the core macroeconomic principles and trade dynamics you need to master for your GCSE Economics exams.
Economic Objectives and The Role of Governments
Explore the main economic objectives for countries, including economic growth and low unemployment. This section deconstructs how different governments use policies to achieve these adjectives.
Economic Objectives
Government Policies
Externalities
International Trade and the Global Economy
Understand the impact of globalisation on society and the role of exchange rates and free trade agreements in promoting international trade.
International Trade and Exchange Rates
The Balance of Payments
Globalisation