‘Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.’ Tyler Cowen

“Economics is the art of making the most of life.” – John Maynard Keynes

‘From each according to his ability, to each according to his needs.’ Karl Marx


The Economics curriculum at Rushey Mead Academy provides students with the skills to explore economic decisions and activities. It will provide students the foundation to understand the world and become critical thinkers. Students will become effective communicators they will be able to logically reason and debate the decisions made by individuals, firms, and the government.

Studying economics at the GCSE level offers a multitude of valuable benefits. Firstly, it equips students with a fundamental understanding of how our global economy functions, helping them make informed decisions in their personal and professional lives. Economics fosters critical thinking and analytical skills, encouraging students to analyse real-world issues such as inflation, unemployment, and market dynamics. Additionally, it promotes financial literacy, enabling individuals to manage their money wisely and plan for the future.

Economics is not studied at KS3.

AQA GCSE Economics offers students an engaging way to explore core economic ideas. They will study both Micro and Macro Economics. Students will sit two exams at the end of year 11.

How Markets Work: How the Economy Works:
•               Economic foundations

•               Resource allocation

•               How prices are determined

•               Production, costs, revenue, and profit

•               Competitive and concentrated markets

•               Market failure

•               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

Students will receive regular whole class feedback in class and on homework. Students will complete end of unit reviews after each unit. They will have an end of year assessment at the end of year 10 and mock exams in year 11.

Exam Board: AQA | Economics | GCSE | Economics

Faculty Staff

Ms C Gadhia