Exam Board: OCR
Level: A-level
Subject: Economics
First Teaching: September 2015
First Exam: June 2016
This textbook has been produced in collaboration with OCR for use with the new 2015 OCR Economics specification, giving you up-to-date material that supports your teaching. This book will enable students to
– Develop subject knowledge, with topic-by-topic insight and advice from Peter Smith, a professorial fellow in: Economics and editor of Economic Review
– Demonstrate awareness of current issues in economics and build analytical and evaluative skills with new case studies
– Build their quantitative skills with worked examples
– Accurately explain key economic concepts and issues by learning the key terms throughout the text and in the end of section glossaries
– Prepare for exams with practice questions and activities throughout the book
Contents
Introduction
Section 1 – Microeconomics
– Part 1 Scarcity and choice
–Chapter 1: Introducing economics
– Part 2 How competitive markets work
–Chapter 2: The coordination problem
–Chapter 3: The nature of demand
–Chapter 4: The nature of supply
–Chapter 5: Market equilibrium and the price system
–Chapter 6: Prices and resource allocation
-Part 3 Market failure and government intervention
–Chapter 7: Market failure and externalities
–Chapter 8: Other forms of market failure
–Chapter 9: Government intervention and government failure
Microeconomics key terms
Microeconomics practice questions
Section 2 – Macroeconomics
– Part 4 Economic policy objectives and indicators of macroeconomic performance
–Chapter 10: Macroeconomic performance: inflation
–Chapter 11: Macroeconomic performance: employment and unemployment
–Chapter 12: Measuring economic performance: economic growth
– Part 5 Aggregate demand and aggregate supply
–Chapter 13: Aggregate demand
–Chapter 14: Aggregate supply and macroeconomic equilibrium
– Part 6 The application of policy instruments
–Chapter 15: Macroeconomic policy instruments
– Part 7 The global context
–Chapter 16: International trade
–Chapter 17: The balance of payments and the exchange rate
Macroeconomics key terms
Macroeconomics practice questions
Index
