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

1. An Introduction to Economics
2. The Economic Problem
3. The Factors of Production
4. Economic Agents
5. Production Possibility Frontier (PPF)
6. Markets & Economies
7. Economic Objectives

Section 2 – Competitive Markets

1. Demand
2. Supply
3. Price Elasticity of Demand (PED)
4. Income Elasticity of Demand (YED)
5. Cross Elasticity of Demand (XED)
6. Price Elasticity of Supply (PES)
7. Market Equilibrium
8. Price & The Allocation of Resources
9. Consumer & Producer Surplus
10. Subsidies & Indirect Taxes
11. Demand & Supply of Oil
12. Demand & Supply of Housing
13. Demand & Supply of Transport

Section 3 – Business Economics

1. Production & Productivity
2. Specialization
3. The Cost of a Firm
4. The Law of Diminishing Returns
5. Economies and Diseconomies of Scale
6. Long-run Average Cost
7. Returns to Scale
8. The Revenue of a Firm
9. Profit
10. The Objectives of Firms
11. Why Firms Grow
12. Business Growth & Demergers

Section 4 – Market Structures

1. Perfect Competition
2. Barriers to Entry
3. Monopoly
4. Price Discrimination
5. Oligopolies
6. Interdependence in Oligopolistic Markets
7. Monopolistic Competition
8. Contestability

Section 5 - Market Failure

1. Externalities
2. Merit & Demerit Goods
3. Imperfect Information
4. Inequity
5. Immobile Factors of Production
6. Market Failure in Monopolies

Section 6 – Government Intervention

1. Taxation
2. Subsidies
3. Price Control
4. Buffer Stocks
5. State Provision
6. Privatization, Regulation & Deregulation
7. Competition Policy
8. Other Methods of Intervention
9. Government Failure

Section 7 – The Labour Market

1. Labour Demand
2. Labour Supply
3. Wages
4. Trade Unions
5. Discrimination
6. Imperfections in the Labour Market
7. Labour Market Characteristics
8. Minimum, Maximum & Living Wages
9. Labour Force Flexibility
10. Pensions & Changing Workforce
11. Taxes, Benefits & Legislation
12. Migration

Applicable to OCR A LEVEL Paper 1 & half of the syllabus Paper 3 (Macro notes can be bought seperately).