Economics study guides

An overview of the macroeconomic performance module of OCR GCSE Economics (J205): the government's objectives, economic growth and GDP, unemployment, inflation, the distribution of income and wealth, and living standards and sustainability.

An overview of the government policy module of OCR GCSE Economics (J205): fiscal policy, monetary policy and interest rates, supply-side policy, taxation and government spending, and market failure with its causes and remedies.

An overview of the market mechanics module of OCR GCSE Economics (J205): demand and supply, price determination, price elasticity of demand and supply, competition, and monopoly and oligopoly.

An overview of the international trade module of OCR GCSE Economics (J205): why countries trade and the gains from specialisation, the balance of payments and the current account, exchange rates and currency conversion, free trade and protectionism, and globalisation and multinationals.

An overview of the firms and finance module of OCR GCSE Economics (J205): production and productivity, the division of labour, costs, revenue and profit, economies of scale, the labour market and wages, and money and financial markets.

An overview of the opening module of OCR GCSE Economics (J205): the main economic groups, the four factors of production, the basic economic problem of scarcity, opportunity cost, the sectors of production, and how markets allocate resources.