The invention discloses a preparation method for low-silicon, high-calcium and large-crystal fused magnesia. The preparation method comprises the following two steps: preparation of high-activity MgOand smelting with an electric arc furnace, i.e., during preparation of high-activity magnesium oxide powder, adding a sodium carbonate solution with a concentration of 3 to 8%, then adding high-puritygraphite powder into the prepared high-activity magnesium oxide powder as a reducing agent, carrying out balling with a device, after balling is completed, carrying out smelting with a fully-automatic electric arc furnace, carrying out cooling and crystallizing, and carrying out crushing and picking so as to obtain a finished product. According to the invention, through addition of the sodium carbonate solution, the point of melting is effectively reduced; the temperature of calcination is reduced; and energy is saved. Meanwhile, through a reaction between sodium carbonate with silicon dioxide impurities, sodium silicate and carbon dioxide can be generated; the silicon dioxide impurities in magnesite can be effectively removed; and the content of magnesium oxide is improved. The low-silicon, high-calcium and large-crystal fused magnesia provided by the invention reaches an MgO content of 99.90% or above, achieves a calcium-to-silicon ratio of 2.30 or above, has good high-temperature fire resistance and high-temperature scouring resistance, and can be used as a high-quality advanced refractory material to be applied in the industries of aerospace, electronics, steel and iron, metallurgy, etc.