ALL YOU’LL NEED! The perfect concise, detailed & to the point notes, of all topics within the OCR A level Microeconomics syllabus. Precise & accurate for learning, revision & exam prep (48 pages). Written myself, using other longer resources, and got an A* in A level economics using these notes. Suitable for all OCR AS/A Level students & teachers for learning & teaching as class material. Material covers: Section 1 - The Economic Problem An Introduction to Economics The Economic Problem The Factors of Production Economic Agents Production Possibility Frontier (PPF) Markets & Economies Economic Objectives Section 2 – Competitive Markets Demand Supply Price Elasticity of Demand (PED) Income Elasticity of Demand (YED) Cross Elasticity of Demand (XED) Price Elasticity of Supply (PES) Market Equilibrium Price & The Allocation of Resources Consumer & Producer Surplus Subsidies & Indirect Taxes Demand & Supply of Oil Demand & Supply of Housing Demand & Supply of Transport Section 3 – Business Economics Production & Productivity Specialization The Cost of a Firm The Law of Diminishing Returns Economies and Diseconomies of Scale Long-run Average Cost Returns to Scale The Revenue of a Firm Profit The Objectives of Firms Why Firms Grow Business Growth & Demergers Section 4 – Market Structures Perfect Competition Barriers to Entry Monopoly Price Discrimination Oligopolies Interdependence in Oligopolistic Markets Monopolistic Competition Contestability Section 5 - Market Failure Externalities Merit & Demerit Goods Imperfect Information Inequity Immobile Factors of Production Market Failure in Monopolies Section 6 – Government Intervention Taxation Subsidies Price Control Buffer Stocks State Provision Privatization, Regulation & Deregulation Competition Policy Other Methods of Intervention Government Failure Section 7 – The Labour Market Labour Demand Labour Supply Wages Trade Unions Discrimination Imperfections in the Labour Market Labour Market Characteristics Minimum, Maximum & Living Wages Labour Force Flexibility Pensions & Changing Workforce Taxes, Benefits & Legislation Migration Applicable to OCR A LEVEL Paper 1 & half of the syllabus Paper 3 (Macro notes can be bought seperately).