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GCSE Economics Full Specification Revision Booklets with Answer Sheets – Ideal for Low-Stakes Testing & Exam Prep
This printable and editable revision booklet covers the entire specification for GCSE Economics. It’s packed with varied, student-friendly tasks designed to boost knowledge, improve exam technique, and support retrieval practice in a low-pressure format.
This resource is for one subject but each specification point has a revision booklet and answers that fully align with the relevant GCSE.
Included in this resource:
5 multiple choice questions

Two batches of true or false statements

Gap-fill paragraph with word bank

Keyword match-up activity

Spot the mistake exam-style task

5 short answer questions

2 explain-with-example questions

1 ranking activity

Concept sorting table

Mini retrieval quiz (3×3 format)

Command word practice template

Whiteboard Q&A (10 questions)

2 mini case study application tasks

Full answer sheet included

Perfect for independent revision, in-class consolidation, or homework. Ideal for preparing students for topic tests, mock exams or final assessments.

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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