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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