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

About the Author

Peter Smith is Professorial Fellow in Economics at the University of Southampton, editor of Economic Review and author of the second edition textbooks.

"About this title" may belong to another edition of this title.

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