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OCR AS economics revision guide

£5.00 £4.00

  • Specific OCR AS revision guide (unit 1 + 2) – just £4.00
  • Updated for the new OCR economics syllabus (first exam 2016)
  • Trademark simplicity and clarity of presentation.
  • E-book, comes in PDF format
  • Significantly expanded on previous version, with not just required knowledge, but also examples of evaluation for each topic.
  • For schools – See: Network License – AS OCR Economics (£45.00)
  • Complete A-level OCR economics revision guide
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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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