How do I revise Economic Growth for GCSE?

Use MasteryMind's Economic Growth revision notes alongside practice questions and past papers. Focus on key definitions, worked examples, and exam-style questions to build confidence for your OCR GCSE exam.

Is this Economic Growth guide aligned to the OCR specification?

Yes. This revision guide is specifically written for the OCR GCSE specification and covers all required content for Economic Growth.

Economic Growth Revision Notes — OCR GCSE

This study guide provides a comprehensive overview of Economic Growth for OCR GCSE Economics. It is designed to be exam-focused, helping students understand key concepts, develop analytical skills, and secure maximum marks by mastering the content and exam techniques required by examiners.

Overview

Economic growth is a central concept in macroeconomics and a recurring topic in the OCR J205 Component 02 exam. It refers to the increase in the production of goods and services in an economy over a specific period. For examiners, a candidate's ability to precisely define and measure growth, analyse its causes and consequences, and evaluate its overall impact is critical. This guide will cover the essential definitions, such as Gross Domestic Product (GDP) and GDP per capita, the distinction between real and nominal values, and the analytical frameworks of Aggregate Demand (AD) and Aggregate Supply (AS). By mastering this topic, candidates can build a strong foundation for understanding related concepts like inflation, unemployment, and government policy, thereby enhancing their ability to construct well-supported arguments in the exam.

Economic Growth — OCR GCSE Study Guide

Overview

Measuring Economic Growth

Gross Domestic Product (GDP)

GDP per Capita

Causes of Economic Growth

Short-Run Growth (Increase in Aggregate Demand)

Long-Run Growth (Increase in Aggregate Supply)

Consequences of Economic Growth

Benefits

Costs