Topic #
|
Topic
|
Outcome
|
3.1
|
Money
and exchange
|
• Describe the functions of money
• Describe the need for exchange
|
3.2
|
Banks and stock
exchanges
|
• Describe the functions
of central banks
• Describe the functions
of commercial banks
• Describe the functions
of stock exchanges
|
3.3
|
Choice
of occupation
|
Identify
the factors affecting an individual’s choice of occupation:
•
wage factors
•
non-wage factors
|
3.4
|
Changes in earnings
|
Describe the likely
changes in earnings over time for an
individual
|
3.5
|
Differences
in earnings
|
Describe
the differences in earnings between different
groups
of workers:
•
male/female
•
skilled/unskilled
•
private/public
•
agricultural/manufacturing/services
|
3.6
|
Trade unions
|
• Describe trade unions
• Analyse the role of
trade unions in an economy
|
3.7
|
Specialisation
|
•
Describe the benefits of specialisation for the individual
•
Describe the disadvantages of specialisation for the individual
|
3.8
|
Spending, saving and
borrowing
|
Analyse the different
motives for:
• spending
• saving
• borrowing
|
3.9
|
Expenditure
patterns
|
•
Discuss HOW different income groups have different
patterns
of spending, saving and borrowing
•
Discuss WHY different income groups have different
patterns
of spending, saving and borrowing
|
