OCR • Economics

All points in the specification box

All points in the specification box

All points in the specification box

Essay by the title: Evaluate, using appropriate diagrams, how policies to correct a budget deficit may affect other UK macroeconomic polices achieved 17/25 (A)

Full course summary of OCR A-Level economics- covering all key economic theories and constructs, as well as tricky key words and definitions. All the graphs and what they represent that you need for the exams are also included in here!

Notes of the theory of the firm, with detailed information on economies of scale, diseconomies of scale, average revenue, average cost, barriers to entry, barriers to exit and efficiencies.

Regulation by governments

A 20 mark essay on 'Evaluate the effectiveness of a price minimum for alcohol', including diagrams. 1- setting up market failure. I have taken cigarettes as a de-merit good but it can be described as a good with negative externalities (depending on the exam question). For de-merit goods, MSB can also be labelled as MPPB* 2- A03 - why taxation is effective 3- A04 - why taxation is not effective 4- Judgement

A 20 mark essay on 'Evaluate the effectiveness of a price minimum for alcohol' with diagrams. 1- Setting up market failure. In this essay, I took cigarettes as a de-merit good but it can also be taken as a good with negative externalities (it will be specified in a paper). Diagrams are the same, but instead of MSB it can also be written as MPB* if you're writing about de-merit goods 2- A03 - why taxation is effective 3- A04 - why taxation is not effective 4- Judgement

A 20 mark essay example on 'Evaluate the effectiveness of a price minimum for alcohol' with diagrams. 1- Market failure is set 2- A03: Effectiveness of price minimum is explained 3- A04: Why price minimum is not effective 4- Judgement