Spec J205
OCR GCSE Economics flashcards by topic: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.
1 Introduction to Economics
1.1 Main economic groups and factors of production
1.2 The basic economic problem
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
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
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
Quantitative skills requirement
