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Type Definition Reward Land Labour Capital Enterprise All natural resources The physical and ... -
Geographical Mobility of Labour refers to the movement of workers from one place to another place. It depends upon; · cost of...
O/L Thematic Materials
- Theme 01: Basic Economic Problem; Scarcity and Exercise of Choice (19)
- Theme 01: Basic economic problem: choice and the allocation of resources (1)
- Theme 02: Nature and Functions of Organizations and Institutions in an Economy (9)
- Theme 03: How the Market Works (53)
- Theme 04: The individual as Producer Consumer and Borrower (20)
- Theme 05: The Private Firm as Producer and Employer (16)
- Theme 06: Role of Government in an Economy (14)
- Theme 07: Main Economic indicators; Recent Changes and Trends and their Consequences (45)
- Theme 08: Developed and Developing Economies: Trends in Population and in Living Standards (33)
- Theme 09: International Aspects of Interdependence and Possible Conflicts (25)
O/L MCQ
- June 2010 (5)
- June 2011 (78)
- MCQ: June 2010 (1)
- MCQ: June 2011 (2)
- MCQ: June 2012 (41)
- MCQ: November 2010 (7)
- MCQ: November 2012 (43)
- November 2010 (38)
A/L Unit 1: Comparative Markets
- 1.1 What is the nature of economics? (2)
- 1.2 What determines the demand for a good or service in a market? (1)
- 1.3 What determines the supply of a good or service in a market? (1)
- 1.4 What determines the price of a good or service in a market? (1)
- 1.5 How might the change in price of a good or service be explained? (1)
- 1.6 What determines the wage rate for labour in a market? (1)
- 1.7 Why do some markets fail? (1)
- 1.8 How do governments attempt to correct market failure? (1)
- 1.9 What is government failure? (1)
A/L Unit 2: Managing the Economy
- 2.1 How do we measure the economic performance of developed and developing countries? (1)
- 2.2 Is income the same as wealth? (1)
- 2.3 What is aggregate demand (AD)? (1)
- 2.4 What is aggregate supply (AS)? (1)
- 2.5 What determines the price level and equilibrium level of real output? (1)
- 2.6 What are the causes costs and constraints on economic growth? (1)
- 2.7 What are the macroeconomic objectives of governments? Do they conflict? (1)
- 2.8 What are the main macroeconomic policy instruments? (1)
- 2.9 Do macroeconomic policies conflict when they are used together? (1)
A/L Unit 3: Business Economics
- 3.1 What objectives do firms have? (1)
- 3.10 How does the threat of competition affect a firm’s behavior? (1)
- 3.11 Why does the government intervene in markets to maintain competition? (1)
- 3.2 Why do firms grow? (1)
- 3.3 How can we calculate the revenue of a firm? (1)
- 3.4 How can we calculate the costs of a firm? (1)
- 3.5 What is meant by efficiency? (1)
- 3.6 What is meant by profit? (1)
- 3.7 What barriers exist to firms entering and leaving markets? (1)
- 3.8 What do we mean by market concentration? (1)
- 3.9 What determines the behaviour of firms? (1)
A/L Unit 4: The Global Economy
- 4.1 What are the causes and effects of globalization? (1)
- 4.2 Why trade? (1)
- 4.3 How is international trade recorded and financed? (1)
- 4.4 How does a country compete? (1)
- 4.5 What is poverty and inequality in developed and developing countries? (3)
- 4.6 What are the limits to growth and development in developed and developing countries? (1)
- 4.7 What is the role of the state in promoting growth and development? (1)
- 4.8 What other measures can be used to promote growth and development? (1)
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Economists and their Quotes
- Adam Smith (18)
- Alfred Marshall (9)
- Keynes (10)