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O/L Notes (Topical)
Grade 08
Topic 01: Introduction to Economics
Topic 02: Economic Resources
Topic 03: Economic Systems
Topic 04: Consumer Spending Saving and Borrowing
Topic 05: Production and Productivity
Topic 06: Cost and Revenue
Topic 07: Distribution
Topic 08: Size of Firms
Topic 09: Population
Grade 09
Topic 10: Demand and Supply
Topic 11: Elasticity of Demand and Supply
Topic 12: Types of Business Organizations
Topic 13: Market Structures
Topic 14: The Location of Industry
Topic 15: Money and Banking
Topic 16: Business Finance
Grade 10
Topic 17: Inflation
Topic 18: Unemployment
Topic 19: Incomes
Topic 20: The Income and Expenditure of the Government
Topic 21: International Trade
Topic 22: The Balance of Payments and the Rate of Exchange
Topic 23: The National Economy
Topic 24: Economic Development
O/L Notes (Thematic)
Theme 01: Basic Economic Problem
01: The Nature of the Economic Problem
02: The Factors of Production
03: The Opportunity Cost Defined
04: Opportunity Cost of Economic Actions
05: Specialization and the Need for Exchange
06: Allocation of Resources in Different Economic Systems
07: Evaluation of the Relative Merits of Different Economic Systems and their Effectiveness
Theme 02: Nature and Functions of Organizations
08: Types of Business Organization in the Private and Public Sectors
09: Effects of Changes in Structure of Business Organizations
10: Trade Unions and their Role in the Economy
11: Functions of Central Banks, Stock Exchanges, and Commercial Banks
Theme 03: How the Market Works
12: The Principle of Equilibrium Price
13: Causes of Changes in Demand and Supply and their Effects
14: Price Elasticity of Demand (PED) and Supply (PES) with Simple Calculations
15: Usefulness of PED and PES in Particular Situations
16: The Purpose and Methods of Advertising
17: Pricing and Output Policies in Perfect Competition and Monopoly
Theme 04: The individual as Producer, Consumer and Borrower
18: Factors Affecting an Individual’s Choice of Occupations
19: Changes in Earnings over Time between Occupations and Between Economic Sectors
20: Differences in Earnings between Occupational Groups and Different Economic Sectors
21: Different Motives for Spending, Saving and Borrowing
22: Reasons for Different Expenditure Patterns of Different Income Groups
Theme 05: The Private Firm as Producer and Employer
23: Profit Maximization as a Goal
24: Integration, Economies and Diseconomies of Scale
25: Total Cost, Average Cost, Fixed Cost and Variable Cost
26: Effects of Changes in Average Cost and Effects of Substituting One Factor for Another
27: Total Revenue and Average Revenue
Theme 06: Role of Government in an Economy
28: The Government as a Producer of Goods and Services and as an Employer
29: Aims of Government Policy
30: Types of Taxation
31: Reasons for Government’s Influence on Private Producers
32: Possible Conflicts between Government Aims
33: The Impact and Incidence of Taxation
Theme 07: Main Economic indicators
34: The Causes and Consequences of Inflation
35: Measuring Inflation
36: The Changing Patterns and Levels of Unemployment
37: The Consequences of Unemployment
38: Gross Domestic Product as a Measure of Economic Output
39: The Structure of the Balance of Payments
40: The Changing Patterns of Exports and Imports and Effects on the Balance of Payments
41: Exchange Rates and the Reasons for its Fluctuations
Theme 08: Developed and Developing Economies
42: Developed and Developing Economies and Reasons for Different Stages of Development
43: The Growth of Population
44: Economic Effects of Changes in the Size and Structure of Population
45: Problems and their Consequences for the Developing Countries
46: Simple Measures and Indicators of Comparative Living Standards
Theme 09: International Aspects of Interdependence and Possible Conflicts
47: Merits and Demerits of Specialization at Individual, Regional and National Level
48: Conflicts of Interest in Conservation and Exploitation of Resources
49: Conflicts of Interest in Free Trade and Protectionism
50: Conflicts of Interest in Public and Private Expenditure
A/L Notes
Unit 01: Competitive Markets - How they work and why they fail
1.1 What is the nature of economics?
1.2 What determines the demand for a good or service in a market?
1.3 What determines the supply of a good or service in a market?
1.4 What determines the price of a good or service in a market?
1.5 How might the change in price of a good or service be explained?
1.6 What determines the wage rate for labour in a market?
1.7 Why do some markets fail?
1.8 How do governments attempt to correct market failure?
1.9 What is government failure?
Unit 02: Managing the Economy
2.1 How do we measure the economic performance of developed and developing countries?
2.2 Is income the same as wealth?
2.3 What is aggregate demand (AD)?
2.4 What is aggregate supply (AS)?
2.5 What determines the price level and equilibrium level of real output?
2.6 What are the causes, costs and constraints on economic growth?
2.7 What are the macroeconomic objectives of governments? Do they conflict?
2.8 What are the main macroeconomic policy instruments?
2.9 Do macroeconomic policies conflict when they are used together?
Unit 03: Business Economics and Economic Efficiency
3.1 What objectives do firms have?
3.2 Why do firms grow?
3.3 How can we calculate the revenue of a firm?
3.4 How can we calculate the costs of a firm?
3.5 What is meant by efficiency?
3.6 What is meant by profit?
3.7 What barriers exist to firms entering and leaving markets?
3.8 What do we mean by market concentration?
3.9 What determines the behaviour of firms?
3.10 How does the threat of competition affect a firm’s behavior?
3.11 Why does the government intervene in markets to maintain competition?
Unit 04: The Global Economy
4.1 What are the causes and effects of globalization?
4.2 Why trade?
4.3 How is international trade recorded and financed?
4.4 How does a country compete?
4.5 What is poverty and inequality in developed and developing countries?
4.6 What are the limits to growth and development in developed and developing countries?
4.7 What is the role of the state in promoting growth and development?
4.8 What other measures can be used to promote growth and development?
MA Economics
First Semester
Advanced Micro Economics
Advanced Macro Economics
Mathematics and Statistics for Economists
Development Economics
Labour Economics
Second Semester
Rural Economy
Public Economics: Theory and Policy
Monetary Economics
Research Methodology
Personality Development
Third Semester
Data Analysis
International Trade: Theory and Policy
Theory of Econometrics
Natural Resource and Environmental Economics
Computer Applications
Fourth Semester
International Finance and Business
Managerial Economics
Welfare Economics
Gender Economics
Applied Econometrics
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Past Papers
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Home
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MCQ: November 2012
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Topic 23: The National Economy
,
Topic 24: Economic Development
»
MCQ: November 2012, 2281/12, Question 30
Saturday, April 27, 2013
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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 Topical Materials
Topic 01: Introduction to Economics
(32)
Topic 02: Economic Resources
(25)
Topic 03: Economic Systems
(17)
Topic 04: Consumer Spending Saving and Borrowing
(12)
Topic 05: Production and Productivity
(10)
Topic 06: Cost and Revenue
(16)
Topic 07: Distribution
(3)
Topic 08: Size of Firms
(29)
Topic 09: Population
(17)
Topic 10: Demand and Supply
(40)
Topic 11: Elasticity of Demand and Supply
(17)
Topic 12: Types of Business Organizations
(23)
Topic 13: Market Structures
(20)
Topic 14: The Location of Industry
(7)
Topic 15: Money and Banking
(14)
Topic 16: Business Finance
(6)
Topic 17: Inflation
(22)
Topic 18: Unemployment
(12)
Topic 19: Incomes
(23)
Topic 20: The Income and Expenditure of the Government
(24)
Topic 21: International Trade
(14)
Topic 22: The Balance of Payments and the Rate of Exchange
(30)
Topic 23: The National Economy
(25)
Topic 24: Economic Development
(33)
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)
Graded Materials
Grade 08
(41)
Grade 09
(5)
Grade 10
(4)
Grade 11
(4)
Grade 12
(4)
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