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OCR A Level Economics Book 1


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Develop your confidence and understanding progressively through OCR AS and A Level Economics with brand new case studies to explore all key topic areas, worked examples to build the quantitative skills required of the new curriculum and activities to put microeconomic and macroeconomic theory into practice.

Table of Contents

    • 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 market failure
    • Microeconomics: key terms
    • Microeconomics: practice questions
    • 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

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.

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