EconoMaldives

Showing posts from May, 2013Show all

O Level Last Minute Revision Questions

Most Important 40 Questions for Last Minute Revision in O Level Economics

1. What is meant by capital and identify two types of capital? Give examples. 2. Describe specialization and list its levels? 3. What are the features of a developing country? 4.…

O Level Last Minute Revision Questions

Most Frequent 40 Questions in O Level Economics

1. What is opportunity cost? 2. What are the four factors of production and their rewards? 3. What factors affect the demand for a normal product? 4. What are the advantages a…

Unit 1: Competitive Markets

Scarcity

Learning Outcomes On completion of the lesson, students are expected to; understand the problem of unlimited wants and finite resources. distinguish between renewable and non-renewable resour…

Unit 4: The Global Economy

4.8 What other measures can be used to promote growth and development?

What students need to learn: Content Students should be able to: Additional Guidance Notes Ways of promoting growth and development Consider factors such as…

Unit 4: The Global Economy

4.7 What is the role of the state in promoting growth and development?

What students need to learn: Content Students should be able to: Additional Guidance Notes Macro economic policies Evaluate the use of policies to achieve econom…

Unit 4: The Global Economy

4.6 What are the limits to growth and development in developed and developing countries?

What students need to learn: Content Students should be able to: Additional Guidance Notes Limits to growth and development Consider factors such as: poor …

Unit 4: The Global Economy

4.5 What is poverty and inequality in developed and developing countries?

What students need to learn: Content Students should be able to: Additional Guidance Notes Absolute and relative poverty Consider absolute and relative poverty…

Unit 4: The Global Economy

4.4 How does a country compete?

What students need to learn: Content Students should be able to: Additional Guidance Notes Measures of competitiveness Consider measures of comp…

Unit 4: The Global Economy

4.3 How is international trade recorded and financed?

What students need to learn: Content Students should be able to: Additional Guidance Notes Balance of Payments Understand the different componen…

Unit 4: The Global Economy

4.2 Why trade?

What students need to learn: Content Students should be able to: Additional Guidance Notes Patterns of trade Identify patterns of trade between …

Unit 4: The Global Economy

4.1 What are the causes and effects of globalization?

What students need to learn: Content Students should be able to: Additional Guidance Notes Causes of globalisation Identify factors contributing to globalisat…

Unit 3: Business Economics and Economic Efficiency

3.11 Why does the government intervene in markets to maintain competition?

What students need to learn: Content Students should be able to: Additional Guidance Notes Government intervention to maintain competition in markets …

Unit 3: Business Economics and Economic Efficiency

3.10 How does the threat of competition affect a firm’s behavior?

What students need to learn: Content Students should be able to: Additional Guidance Notes Contestability Define contestability and understand ho…

Unit 3: Business Economics and Economic Efficiency

3.9 What determines the behaviour of firms?

What students need to learn: Content Students should be able to: Additional Guidance Notes Perfect competition Understand the assumptions of perfect competition…