OCR AS economics revision guide
£4.50
- Specific OCR AS revision guide (unit 1 + 2) – just £4.50
- Updated for the new OCR economics syllabus (first exam 2016)
- Last updated 27 June 2022.
- Trademark simplicity and clarity of presentation.
- Relevant diagrams and evaluation to go with basic definitions and concepts.
- E-book, comes in PDF format
- For schools – See: Network License – AS OCR Economics (£45.00)
- Complete A-level OCR economics revision guide
Description
- 131 pages, 27,000 words
- Specifically for OCR AS economics.
- Laid out in simple but concise form.
- Use of diagrams needed in exam.
- Suggestions for evaluation that can be used in exam.
- Only £5.00 for (individual user license).
- View: 2 page sample AS revision guide
Content
- The basic economic problem
- Economic goods / free goods
- Positive and normative economics
- Scarcity
- Opportunity cost
- Production possibility frontiers (PPF)
- Specialisation and trade
- Allocation of resources
- Types of economic systems
- Planned economy
- The market economy
- Mixed economy
- Supply and demand
- Demand
- Supply
- Interaction of markets
- Consumer and producer surplus
- Elasticity
- Price elasticity of demand (PED)
- Income elasticity of demand (YED)
- Cross elasticity of demand (XED)
- Price elasticity of supply (PES)
- Types of efficiency
- Economies /diseconomies of scale
- Costs
- Revenue
- Market failure
- Public goods
- Externalities and social efficiency
- Negative externality
- Positive externality
- Merit good
- Demerit good
- Moral hazard
- Environment
- Government intervention to correct market failure
- Tax
- Subsidy
- Tradeable pollution permits
- Regulation
- State provision of public services
- Price controls
- Volatile prices
- Buffer stocks
- Government failure
Unit 2 – Macro Economics
- Economic growth
- Macro-economic objectives of government
- Recessions
- Circular flow of income
- Aggregate demand
- Consumer spending (C)
- Investment (I)
- Government expenditure (G)
- Net trade (X-M)
- Aggregate supply (AS)
- Macroeconomic equilibrium
- Economic growth
- Economic cycle
- The multiplier
- Trends in macroeconomic indicators
- Unemployment and employment
- Measuring unemployment
- Causes of unemployment
- Policies to reduce unemployment
- Inflation
- Effects and costs of inflation
- Problems of deflation
- Causes of inflation
- Fiscal policy
- Evaluation of fiscal policy
- Levels of government spending
- Taxation
- Government borrowing
- The national debt
- Monetary policy
- Evaluation of monetary policy
- Quantitative easing
- Supply side policies
- Market-oriented supply-side policies
- Interventionist supply-side policies
- Policy conflicts
- Trade
- Example of trade
- International competitiveness
- Measures to increase competitiveness
- The balance of payments
- Current account
- Factors that cause a current account deficit
- Policies to reduce a balance of payments deficit
- Exchange rates
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