Economics J205 OCR Topic Questions

1. Introduction to Economics

1.1 Main economic groups and factors of production

1.2 The basic economic problem

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

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

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