Topic #
|
Topic
|
Outcome
|
6.1
|
Prices
|
•
Describe how the retail price index and consumer price index
is calculated
|
6.2
|
Inflation and deflation
|
• Describe the causes of
inflation
• Describe the
consequences of inflation
• Describe the causes of
deflation
• Describe the
consequences of deflation
|
6.3
|
Employment
|
•
Describe the changing patterns of employment
•
Describe the changing levels of employment
|
6.4
|
Unemployment
|
• Discuss the causes of
unemployment
• Discuss the
consequences of unemployment
|
6.5
|
Output
|
•
Define Gross Domestic Product (GDP)
•
Describe and have a general understanding of the causes of
economic growth
•
Describe and have a general understanding of the
consequences
of economic growth
•
Define the term recession
|
6.6
|
Living standards
|
Describe and evaluate
simple measures and indicators of comparative living
standards, such as:
• GDP per head
• Human Development
Index (HDI)
|
