Description
Book SynopsisExam Board: OCR
Level: A-level
Subject: Economics
First Teaching: September 2015
First Exam: June 2017
This textbook has been fully revised 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 senior lecturer in Economics and editor of Economic Review
- Demonstrate awareness of current issues in economics and build analytical and evaluative skills with brand 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
Table of Contents
- SECTION 1: MICROECONOMICS
- Part 1: How competitive markets work
- Chapter 1: Demand and marginal utility
- Part 2: Competition and market power
- Chapter 2: Business objectives
- Chapter 3: Costs, output and profit
- Chapter 4: Perfect competition and monopoly
- Chapter 5: Monopolistic competition and oligopoly
- Chapter 6: Markets and resource allocation
- Part 3: The labour market
- Chapter 7: Labour demand, labour supply and wage determination
- Chapter 8: The UK labour market
- Chapter 9: The role of government and unions in the labour market
- Part 4: Market failure and government intervention
- Chapter 10: Inequality
- Chapter 11: The environment
- Chapter 12: Government intervention in markets
- Microeconomics: key terms
- Microeconomics: practice questions
- SECTION 2: MACROECONOMICS
- Part 5: Macroeconomic policy and performance
- Chapter 13: Growth and development
- Chapter 14: The distribution of income
- Part 6: Aggregate demand and aggregate supply
- Chapter 15: The multiplier and accelerator
- Chapter 16: Views of the macroeconomy
- Chapter 17: The economic cycle
- Part 7: The application of policy instruments
- Chapter 18: The operation of fiscal and monetary policy
- Chapter 19: Approaches to policy for the macroeconomy
- Part 8: The global context
- Chapter 20: Globalisation and international trade
- Chapter 21: Exchange rates
- Chapter 22: Trade policies and negotiations
- Part 9: The financial sector
- Chapter 23: The role of the financial sector in the real economy
- Chapter 24: The financial sector in developing and emerging economies
- Chapter 25: The central bank and financial regulation
- Macroeconomics: key terms
- Macroeconomics: practice questions
