This textbook has been fully revised for use with the new 2015 OCR Economics specification, providing up-to-date material to support your teaching. It enables students to develop subject knowledge through topic-by-topic insight and advice from Peter Smith, a senior lecturer in Economics and editor of Economic Review. The book demonstrates awareness of current issues in economics and builds analytical and evaluative skills with brand new case studies. It also helps students build quantitative skills with worked examples, accurately explain key economic concepts and issues by learning key terms throughout the text and in end-of-section glossaries, and prepare for exams with practice questions and activities throughout the book.