This document gives an introduction to macroeconomics in a level economics and studies the AD/AS model that is commonly used throughout the course.

Clear, comprehensive notes expressing the relevant information to help you succeed in A-Level economics.

A summary of YED (income elasticity of demand)

A summary of XED (cross elasticity of demand)

A summary of price elasticity of demand (PED).

A summary of PES (price elasticity of supply)

Economies of Scale

substitution and income effects on the backward bending supply curve of labour

labour economics

It contains analysis and evaluation points for evaluation of the usefulness and significance of PED. These are points which aren’t found in any OCR textbooks. These points are all valid and largely provide a different array of points than those found in textbooks.