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Economics - H460
9 sections available · 49 chapters available
Free Economics - H460 study notes for Cambridge OCR A Level students. Each chapter covers a key topic with examples and practice prompts you can continue inside the thinka app.
Introduction to microeconomics
The economic problem
The allocation of resources
Opportunity cost
Specialisation and trade
Demand, supply and elasticity
Demand
Supply
Consumer and producer surplus
The interaction of markets
Elasticity
The concept of the margin
Market failure and government intervention
Market failure and externalities
Information failure
Public goods
Government intervention
Business objectives and market structures
Business objectives
Costs and economies of scale
Revenue and profit
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Contestable markets
The labour market
Demand for labour
Supply of labour
The interaction of labour markets
Aggregate demand and aggregate supply
Circular flow of income
Aggregate demand
Aggregate supply
The interaction of aggregate demand and supply
The multiplier and the accelerator
Economic policy objectives
Economic growth
Development
Employment
Inflation
Balance of payments
Trends in macroeconomic indicators
Income distribution and welfare
The Phillips Curve
Implementing policy
Fiscal policy
Monetary policy
Supply side policy
Policy conflicts
The global context and the financial sector
International trade
Exchange rates
Globalisation
Trade policies and negotiations
Money and interest rates
The financial sector
Financial regulation
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