OCR Economics (H460) develops a deep understanding of economic theory, markets, government intervention, and the global economy. The course demands strong data interpretation and extended written responses.
My private tuition focuses on improving exam technique, applying theory effectively, and building confident evaluative responses. With personalised guidance, I help students tackle key challenges, understand complex content, and prepare thoroughly for success across all three papers.
Component 1: Introduction to Economics & Markets
1. Introduction to Economics
1.1 Main economic groups and factors of production
1.2 The basic economic problem
2. The Role of Markets and Money
2.1 The role of markets
2.2 Demand
2.3 Supply
2.4 Price
2.5 Competition
2.6 Production
2.7 The labour market
2.8 The role of money and financial markets
Component 2: National & International Economics
3. Economic Objectives and the Role of Government
3.1 Economic growth
3.2 Low unemployment
3.3 Fair distribution of income
3.4 Price stability
3.5 Fiscal policy
3.6 Monetary policy
3.7 Supply side policies
3.8 Limitations of markets
4. International Trade and the Global Economy
4.1 Importance of international trade
4.2 Balance of payments
4.3 Exchange rates
4.4 Globalisation
Microeconomics
Introduction to Microeconomics
1.1 The Economic Problem
1.2 The Allocation of Resources
1.3 Opportunity Cost
The Role of Markets
2.1 Specialisation and Trade
2.2 Demand
2.3 Supply
2.4 Consumer and Producer Surplus
2.5 The Interaction of Markets
2.6 Elasticity
2.7 Market Failure and Externalities
2.8 Government Intervention
Macroeconomics
Aggregate Demand and Aggregate Supply
1.1 Circular Flow of Income
1.2 Aggregate Demand
1.3 Aggregate Supply
1.4 The Interaction of Aggregate Demand and Supply
Economic Policy Objectives
2.1 Economic Growth
2.2 Development
2.3 Employment
2.4 Inflation
2.5 Balance of Payments
2.6 Trends in Macroeconomic Indicators
Implementing Policy
3.1 Fiscal Policy
3.2 Monetary Policy
3.3 Supply-Side Policy
3.4 Policy Conflicts
1. Introduction to Microeconomics
1.1 The economic problem
1.2 The allocation of resources
1.3 Opportunity cost
2. The role of markets
2.1 Specialisation and trade
2.2 Demand
2.3 Supply
2.4 Consumer and producer surplus
2.5 The interaction of markets
2.6 Elasticity
2.7 The concept of the margin
2.8 Market failure and externalities
2.9 Information failure
2.10 Public goods
2.11 Government intervention
3. Business Objectives
3.1 Business objectives
3.2 Costs and economies of scale
3.3 Revenue and profit
4. Market structures
4.1 Perfect competition
4.2 Monopoly
4.3 Monopolistic competition
4.4 Oligopoly
4.5 Contestable markets
5. The labour market
5.1 Demand for labour
5.2 Supply of labour
5.3 The interaction of labour markets
Macroeconomics
1. Aggregate demand and aggregate supply
1.1 Circular flow of income
1.2 Aggregate demand
1.3 Aggregate supply
1.4 The interaction of aggregate demand and supply
1.5 The multiplier and the accelerator
2. Economic policy objectives
2.1 Economic growth
2.2 Development
2.3 Employment
2.4 Inflation
2.5 Balance of payments
2.6 Trends in macroeconomic indicators
2.7 Income distribution and welfare
2.8 The Phillips Curve
3. Implementing policy
3.1 Fiscal policy
3.2 Monetary policy
3.3 Supply side policy
3.4 Policy conflicts
4. The global context
4.1 International trade
4.2 Exchange rates
4.3 Globalisation
4.4 Trade policies and negotiations
5. The financial sector
5.1 Money and interest rates
5.2 The financial sector
5.3 Financial regulation
