The list below states the range and extent of quantitative skills appropriate to the subject content of GCSE economics. Specifications must require students, drawing on the knowledge and understanding above, to apply these skills to relevant economic contexts. Calculations • calculation of percentages and percentage changes, including interest on savings • calculation of averages, including cost • calculation of totals, including revenue, costs and profit • calculation of income, including gross and net pay Construction of graphs • construction of graphs from data, including supply and demand curves Interpretation and use of quantitative data to support and justify economic decisions • interpretation and use of information from graphs and charts • interpretation and use of economic data, such as unemployment figures, exports and imports

ECO-15General Certificate of Secondary Education (GCSE) · Economics · 10th Grade

GCSE specifications in economics will require students, drawing on the knowledge and understanding above, to develop the following skills: • use economic terms and concepts to investigate and explain economic behaviour • apply economic terms and concepts to contemporary and historical economic contexts and issues • investigate, analyse and evaluate a variety of economic situations and issues in a range of national and global contexts • make reasoned and informed judgements using both qualitative and quantitative data, including their selection, interpretation, analysis and evaluation, including the possible limitations of data, and the application of appropriate quantitative skills

ECO-5General Certificate of Secondary Education (GCSE) · Economics · 10th Grade

GCSE specifications in economics should enable students to: • understand how markets operate and the roles of consumers, producers or workers within markets • understand how the economy works nationally and globally and the levers employed by governments to reach desired social and economic objectives • actively engage in the study of economics to develop as effective and self-motivated students, and as critical and reflective thinkers with enquiring minds, able to distinguish between fact and opinion • understand and apply their economic knowledge and skills, to investigate current and historical economic situations and issues in a range of national and global contexts • build economic arguments and make informed judgements by using economic concepts and quantitative evidence through the use, application and interpretation of data • understand the perspectives of different economic agents including consumers, producers and government in relation to economic activity • consider moral and ethical and sustainability issues that arise as a result of the impact of economic activity