Skip to content
cookie
Shared flashcard decks

OCR GCSE Economics

GCSE · OCREconomics486 cards

More for OCR GCSE Economics

Picked for the same course from what people use most, and all of it can be read without an account.

Everything for Economics

Looking for help with Economics?

Cookie Tutoring, our own tutoring service, may have tutors for Economics. Lessons are live and one to one, and the first 15 minutes with any tutor is free.

Find a tutor

Flashcards for OCR GCSE Economics (J205), split into Paper 1 (Introduction to Economics) and Paper 2 (National and International Economics), then by topic in the specification's order. Covers definitions, supply and demand diagrams, formulae and worked calculations.

Adding it gives you your own copy, with every subdeck below. Each card then comes back just before you would forget it, and every one you get right or wrong counts towards your mastery of its topic. You can delete or suspend the parts you are not studying once it is yours.

What is inside (28 subdecks)

  • Paper 1 Introduction to economics255 cards
    • 1. Introduction to Economics46 cards
      • 1.1 Main economic groups and factors of production24 cards
      • 1.2 The basic economic problem22 cards
    • 2. The role of markets and money209 cards
      • 2.1 The role of markets27 cards
      • 2.2 Demand41 cards
      • 2.3 Supply28 cards
      • 2.4 Price19 cards
      • 2.5 Competition19 cards
      • 2.6 Production33 cards
      • 2.7 The labour market20 cards
      • 2.8 The role of money and financial markets22 cards
  • Paper 2 National and international economics231 cards
    • 3. Economic objectives and the role of government164 cards
      • 3.1 Economic growth21 cards
      • 3.2 Low unemployment27 cards
      • 3.3 Fair distribution of income17 cards
      • 3.4 Price stability21 cards
      • 3.5 Fiscal policy29 cards
      • 3.6 Monetary policy15 cards
      • 3.7 Supply side policies13 cards
      • 3.8 Limitations of markets21 cards
    • 4. International trade and the global economy67 cards
      • 4.1 Importance of international trade13 cards
      • 4.2 Balance of payments17 cards
      • 4.3 Exchange rates19 cards
      • 4.4 Globalisation18 cards

Some of its cards

  • Government policy aimed at increasing the economy's ability to produce goods and services
    Supply side policy
  • Balance of payments on current account
    A record of the value of a country's trade in goods and services, and other income, with the rest of the world
  • The quantity of a good or service producers are willing and able to sell at a given price
    Supply
  • Economic growth
    An increase in the value of goods and services produced by an economy over time
  • Distribution of income
    How the total income earned in an economy is shared out between individuals and households
  • Keeping the general level of prices in an economy rising slowly and predictably rather than sharply
    Price stability
  • The quantity of a good or service that consumers are willing and able to buy at a given price
    Demand
  • The use of interest rates and the money supply, set by the central bank, to influence the economy
    Monetary policy
  • What role does price play in an economy?
    It signals the value of a good and helps decide how scarce resources are allocated between different uses
  • Something essential to survival, such as food, water or shelter
    Need

And 476 more once you add the deck.