OCR GCSE Economics

Component 02: National and International Economics

The Ceteris modules for OCR GCSE economics, National and International Economics, listed under each specification section. Each module teaches one idea, with questions through the page.

25 modules
12 sections
2 free

Modules marked A-level depth teach the GCSE point and go further than the GCSE course needs.

3.1 Economic growth

Nominal and real numbersTell a nominal figure from a real oneConcept · 6 min · Free What GDP measuresSay what GDP counts and what it leaves outConcept · 7 min What economic growth is, and what it is notTell growth from a recovery, and real growth from nominalConcept · 7 min

3.2 Low unemployment

Measuring unemploymentSay who counts as unemployed and who does notConcept · 7 min Types of unemploymentSort a case of unemployment into its typeTell them apart · 8 min

3.3 Fair distribution of income

Absolute and relative povertyTell absolute poverty from relative povertyTell them apart · 6 min

3.4 Price stability

Measuring inflation with a price indexBuild a price index and work out an inflation rate from itCalculation · 7 min Demand-pull and cost-push inflationTell demand-pull inflation from cost-pushTell them apart · 6 min · A-level depth

3.5 Fiscal policy

Fiscal policySay what fiscal policy is and which way each tool pullsConcept · 6 min The budget deficit and the national debtTell a deficit from a debt, and cyclical from structuralConcept · 8 min · A-level depth

3.6 Monetary policy

Monetary policySay what monetary policy is and who sets itConcept · 7 min · A-level depth

3.7 Supply side policies

Supply-side policyTell a market-based supply-side policy from an interventionist oneTell them apart · 6 min

3.8 Limitations of markets

Public goodsTell a public good from a private oneConcept · 6 min · Free Negative externalitiesShow why a market over-produces when there is an external costDiagram · 8 min · A-level depth Positive externalitiesShow why a market under-produces when there is an external benefitDiagram · 7 min · A-level depth An indirect tax on a diagramShow what an indirect tax does to price and quantityDiagram · 7 min · A-level depth SubsidiesShow what a subsidy does to price and quantityDiagram · 7 min · A-level depth

4.1 Importance of international trade

Why countries tradeExplain how both countries gain from specialising and tradingHow it works · 7 min · A-level depth TariffsShow what a tariff does to price, quantity and welfareDiagram · 7 min · A-level depth Quotas and non-tariff barriersTell a tariff from a quota and the other non-tariff barriersTell them apart · 6 min · A-level depth Trade blocs and the WTOTell the stages of economic integration apartConcept · 7 min

4.2 Balance of payments

The balance of paymentsSay what the current account records and what a deficit meansConcept · 8 min

4.3 Exchange rates

Floating and fixed exchange ratesTell a floating exchange rate from a fixed oneTell them apart · 6 min How a weaker currency reaches a shop priceFollow a fall in the exchange rate through to what a shopper paysHow it works · 6 min

4.4 Globalisation

Is globalisation good for developing economies?Weigh the case each way on globalisation and developmentDebate · 8 min