Assessment overview

* Indicates the inclusion of synoptic assessment.

Students must take all components (01, 02 and 03) to be awarded the OCR A Level in Economics.

Content overview

Component 01: Microeconomics

For this component, microeconomic theories are introduced and applied to the behaviour of economic agents in the real world, especially the theoretical workings of the free market. Exploring imperfections and market failures introduces the merits and drawbacks of government intervention. This encourages students to evaluate the effectiveness of the theories in explaining real-world behaviour.

Component 02: Macroeconomics

This component introduces the technical and analytical tools required for understanding of how the macroeconomy functions on both a domestic and global level, and the potential impacts and limitations of a variety of governmental policies and approaches.

Component 03: Themes in economics

This component draws on the topics covered in the previous two components and applies the content of both, as appropriate, to a specific unseen theme.

Assessment overview

Both components include synoptic assessment

Students must take both components (01 and 02) to be awarded the OCR AS Level in Economics.

Content overview

Component 01: Microeconomics

For this component, micro economic theories are introduced and applied to the behaviour of economic agents in the real world, especially the theoretical workings of the free market. Exploring imperfections and market failures introduces the merits and drawbacks of government intervention. This encourages students to evaluate the effectiveness of the theories in explaining real-world behaviour.

Component 02: Macroeconomics

This component introduces the technical and analytical tools required for an understanding of the how the macro economy functions on both a domestic and global level, and the potential impacts and limitations of a variety of governmental policies and approaches.