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GCSE Economics Full Specification Activities Booklets with Answer Sheets – Ideal for Low-Stakes Testing & Exam Prep
This printable and editable activities booklet covers the entire specification for GCSE Economics. It’s packed with varied, student-friendly tasks designed to build confidence, support retrieval practice, and deepen understanding through structured and engaging activities.
This resource is for one subject but each specification point has an activities booklet and answers that fully align with the relevant GCSE.
Included in this resource:
Summary comprehension task

3 things you learnt reflection

Real-world examples task

Keyword identification and definition

Gap-fill paragraph with word bank

“Why? Why? Why?” thinking questions

Tiered learning: define, explain, apply, evaluate

Find the fib (true/false analysis)

Mini retrieval quiz

Mastering the exam question (sample answers with improvement tasks)

What if? creative thinking scenarios

Full answer sheet included

Perfect for independent study, in-class consolidation, or homework. Ideal for preparing students for topic tests, mock exams or final assessments.
activities booklet, GCSE, full specification, low-stakes testing, retrieval practice, exam questions, answer sheet, KS4 revision, printable booklet, editable Word resource
One booklet for each of the following specification points:
3.1.1.1 Economic activity
3.1.1.2 The factors of production
3.1.1.3 Making choices
3.1.2.1 Markets and allocation of resources
3.1.2.2 Economic sectors
3.1.2.3 Specialisation, division of labour, and exchange
3.1.3.1 Demand for goods and services
3.1.3.2 Supply for goods and services
3.1.3.3 Equilibrium price
3.1.3.4 Intermarket relationships
3.1.3.5 Price elasticity of demand
3.1.3.6 Price elasticity of supply
3.1.4.1 The importance of cost, revenue and profit for producers
3.1.4.2 Production and productivity
3.1.4.3 Economies of scale
3.1.5.1 The importance of market structures on producers and consumers
3.1.5.2 Competitive markets
3.1.5.3 Non-competitive markets
3.1.5.4 The labour market
3.1.6.1 Misallocation of resources
3.1.6.2 Externalities
3.2.1.1 Interest rates, saving, borrowing, spending and investment
3.2.1.2 Government income and expenditure
3.2.2.1 Economic objectives of the government
3.2.2.2 Economic growth
3.2.2.3 Employment and unemployment
3.2.2.4 Inflation and price stability
3.2.2.5 Balance of payments
3.2.2.6 Distribution of income
3.2.3.1 Fiscal policy
3.2.3.2 Monetary policy
3.2.3.3 Supply-side policies
3.2.3.4 Policies to correct positive and negative externalities
3.2.4.1 Why countries trade and the importance of international trade to the UK
3.2.4.2 Exchange rates
3.2.4.3 Free-trade agreements including the European Union
3.2.4.4 Globalisation: benefits and drawbacks
3.2.5.1 The role of money
3.2.5.2 The role and importance of the financial sector for the economy