OCR Economics A Level
Economics for A Level – OCR
Specially written study guide for the OCR Economics specification. Topic order follows the OCR 2019 specification, including:
Component 1 Microeconomics - The economic problem, opportunity cost, the role of markets, functions of the price mechanism, elasticity, market failure, government intervention. Business objectives, market structures: perfect competition, monopolistic competition, oligopoly, game theory, monopoly, monopsony, price discrimination, contestability, labour markets including monopsony and role of trade unions.
Component 2 Macroeconomic - national income, the circular flow, aggregate demand and supply, equilibrium, inflation and deflation, unemployment, fiscal policy, monetary policy, supply-side policy, policy conflicts, including the Phillips curve. Globalisation, trade, protectionism, balance of payments, exchange rates, economic development, global problems. The financial sector, financial crisis, and financial regulation.
437pp, format PDF.