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A* OCR - A Level Micro-econ (COMPLETE NOTES)
ALL YOU’LL NEED!
The perfect concise, detailed & to the point notes, of all topics within the OCR A level Microeconomics syllabus.
Precise & accurate for learning, revision & exam prep (48 pages).
Written myself, using other longer resources, and got an A* in A level economics using these notes.
Suitable for all OCR AS/A Level students & teachers for learning & teaching as class material.
Material covers:
Section 1 - The Economic Problem
An Introduction to Economics
The Economic Problem
The Factors of Production
Economic Agents
Production Possibility Frontier (PPF)
Markets & Economies
Economic Objectives
Section 2 – Competitive Markets
Demand
Supply
Price Elasticity of Demand (PED)
Income Elasticity of Demand (YED)
Cross Elasticity of Demand (XED)
Price Elasticity of Supply (PES)
Market Equilibrium
Price & The Allocation of Resources
Consumer & Producer Surplus
Subsidies & Indirect Taxes
Demand & Supply of Oil
Demand & Supply of Housing
Demand & Supply of Transport
Section 3 – Business Economics
Production & Productivity
Specialization
The Cost of a Firm
The Law of Diminishing Returns
Economies and Diseconomies of Scale
Long-run Average Cost
Returns to Scale
The Revenue of a Firm
Profit
The Objectives of Firms
Why Firms Grow
Business Growth & Demergers
Section 4 – Market Structures
Perfect Competition
Barriers to Entry
Monopoly
Price Discrimination
Oligopolies
Interdependence in Oligopolistic Markets
Monopolistic Competition
Contestability
Section 5 - Market Failure
Externalities
Merit & Demerit Goods
Imperfect Information
Inequity
Immobile Factors of Production
Market Failure in Monopolies
Section 6 – Government Intervention
Taxation
Subsidies
Price Control
Buffer Stocks
State Provision
Privatization, Regulation & Deregulation
Competition Policy
Other Methods of Intervention
Government Failure
Section 7 – The Labour Market
Labour Demand
Labour Supply
Wages
Trade Unions
Discrimination
Imperfections in the Labour Market
Labour Market Characteristics
Minimum, Maximum & Living Wages
Labour Force Flexibility
Pensions & Changing Workforce
Taxes, Benefits & Legislation
Migration
Applicable to OCR A LEVEL Paper 1 & half of the syllabus Paper 3 (Macro notes can be bought seperately).