This is one of a set of Powerpoints (and accompanying Notes/Key Terms sheets) that I have created for my own teaching of various sections of the new (linear) OCR AS Business specification (H031/H431). They follow the order of teaching recommended by the exam board and (generally) the OCR-approved textbook (Mottershead/Grant/Kelt, 2015).
Specification reference:
Demand and supply
• explain what is meant by demand, supply and equilibrium
• explain how demand and supply interact to establish equilibrium
• explain the determinants of demand and supply
• explain how changes in the determinants of demand and supply affect price and output decisions
• construct and interpret demand and supply diagram(s) to show how changes in the determinants of demand and supply affect equilibrium
• evaluate factors which affect demand and supply in a market
Specification reference:
Demand and supply
• explain what is meant by demand, supply and equilibrium
• explain how demand and supply interact to establish equilibrium
• explain the determinants of demand and supply
• explain how changes in the determinants of demand and supply affect price and output decisions
• construct and interpret demand and supply diagram(s) to show how changes in the determinants of demand and supply affect equilibrium
• evaluate factors which affect demand and supply in a market
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