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Economics

OCR Courses H460

Year 1 

Considers the basic economic models in both micro- and macroeconomics.

  • Microeconomics
    • Scarcity and Choice
    • How competitive Markets Work
    • Market Failure and Government Intervention
  • Macroeconomics
    • Economic Policy and Indicators of Macroeconomic Performance
    • Aggregate Demand and Aggregate Supply
    • The Application of Policy Instruments
    • The Global Context

Year 2 

This builds on the first year of learning, taking some topics into further depth and looking in detail at particular markets and the financial sector.

  • Microeconomics
    • Scarcity and Choice
    • How competitive markets work
    • Competition and Power
    • Labour Market
    • Market Failure and Government Intervention
  • Macroeconomics
    • Economic Policy Objectives and Indicators of Macroeconomic Performance
    • Aggregate Demand and Aggregate Supply
    • The Application of Policy Instruments
    • The Global Context
    • The Financial Sector
  • Themes in Economics
    • This unit draws from both the micro- and macroeconomic components and requires candidates to consider the theory which has been studied in a ‘real world’ context

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