Summary:
OCR AS Economics has been written specifically to meet the needs of AS students following the OCR specification. The book provides comprehensive up-to-date coverage of the subject content while recognising that AS students will probably be meeting economics for the first time.

Carefully structured around the OCR specification, OCR AS Economics combines clear and concise explanation and analysis of economic terms and concepts with frequent examples that show the application of those concepts to real-world situations. Exercises throughout the book enable students to engage in economic analysis in an active way that assists learning. Commentary on these exercises together with additional questions and discussion points are available in an accompanying Teacher Guide that can be purchased separately.

This highly accessible yet authoritative book is essential reading for all AS students following the OCR specification.

• Comprehensive, board-specific textbook which systematically covers the specification content
• Explains key terms and concepts
• Includes up-to-date, real-world examples
• Features regular summaries throughout each chapter for quick revision
• Provides exercises to engage students in economic analysis
• Supported by a Teacher Guide, with answers/commentary to all the exercises in the textbook

Table of Contents:
PART 1: Markets in action
(covers AS Unit F581: Markets in action)
Introducing economics
The nature of demand
The nature of supply
Using the demand and supply model
Prices, resource allocation and market failure
Externalities
Other forms of market failure
Government intervention and government failure
PART 2: The national and international economy
(covers AS Unit F582: The national and international economy)
Measuring economic performance
Aggregate demand
Aggregate supply and macroeconomic equilibrium
The balance of payments and the exchange rate
Macroeconomic policy objectives
Economic growth
Macroeconomic policy instruments
The international economy

About the Author(s):
Peter Smith is a senior lecturer in the Economics Division at the University of Southampton, and is editor of Economic Review, published by Philip Allan Updates. He is a Fellow of the Higher Education Academy, and an Associate of the Academy’s Economics Network.