OCR A Level Economics Book 1

About this book

This textbook has been produced in collaboration with OCR for use with the new 2015 OCR Economics specification, providing up-to-date material that supports your teaching. This book will enable students to develop subject knowledge with topic-by-topic insight and advice from Peter Smith, a professorial fellow in Economics and editor of Economic Review. It will help students demonstrate awareness of current issues in economics and build analytical and evaluative skills with new case studies, build quantitative skills with worked examples, and accurately explain key economic concepts and issues by learning key terms throughout the text and in end-of-section glossaries. Students can also prepare for exams with practice questions and activities throughout the book. Contents: Introduction. Section 1 - Microeconomics. Part 1 Scarcity and choice. Chapter 1: Introducing economics. Part 2 How competitive markets work. Chapter 2: The coordination problem. Chapter 3: The nature of demand. Chapter 4: The nature of supply. Chapter 5: Market equilibrium and the price system. Chapter 6: Prices and resource allocation.