OCR • Economics

Covering all topics on OCR Spec

This document provides real-world examples you need to know for your A-level macroeconomics exam

This document contains useful statistics for the Uk economy performance in comparison with other developed, developing and emerging economies.

These macroeconomics revision notes are meticulously crafted to support Year 1 Edexcel A Economics A Level students. These comprehensive notes cover all key topics, including aggregate demand and supply, economic growth, inflation, unemployment, and government policies. Each section is clearly explained with real-world examples, diagrams, and summaries to enhance understanding and retention. Designed to align with the Edexcel syllabus, these notes are an invaluable resource for mastering comple...

Complete notes for macroeconomics OCR A-level economics.

Evaluate whether profit max is the most important objective Evaluate whether survival is the most important objective during recession

Evaluate the causes of diseconomies of scale Evaluate the significance of economies of scale to a firrm Evaluate the stent to which internal economies of scale are the most significant determinant of the prices consumers pay for their products

Evaluate the usefulness of buffer stock, tradable pollution permits, PFI, taxes regulation subsidies competition policy and maximum/minimum price

Definitions

Evaluate the impact of a monopsonist employer Evaluate trade unions Evaluate bilateral monopoly Evaluate the changes to the labour market