The WJEC GCSE (9-1) in Economics provides a comprehensive introduction to both microeconomic and macroeconomic theory, empowering students to understand how individuals, businesses, and governments make choices in a world of scarce resources. Throughout the course, you will explore fundamental concepts such as supply and demand, market structures, and the role of money, building a solid foundation for further study or a career in finance, business, or public policy. The specification is structured into two components, each covering distinct but interconnected areas: Component 1 (Economic Foundations) focuses on introductory economics, markets, and money, while Component 2 (Economic Decision Making) delves into the national and international economy.

This course is designed to be highly relevant to everyday life, using up-to-date case studies and real-world data to illustrate economic principles. You will develop key analytical and evaluative skills as you assess the impact of economic events, from inflation and unemployment to globalisation and exchange rate fluctuations. Assessment is entirely exam-based, with no coursework, allowing you to concentrate fully on mastering the content and exam technique. The linear structure means you sit two equally weighted papers at the end of the course, each lasting 1 hour 30 minutes and containing a mix of multiple-choice, data response, and extended writing questions.