NO= CHAPTERS

EC.1 Scarcity, choice and opportunity cost

EC.2 Positive and normative statements
EC.3 Factors of production
EC.4 Resource allocation in different economic systems and issues of transition
EC.5 Production possibility curves
EC.6 Money
EC.7 Classification of goods and services
EC.8 Demand and supply curves
EC.9 Price elasticity, income elasticity and cross-elasticities of demand
EC.10 Price elasticity of supply
EC.11 Interaction of demand and supply
EC.12 Market equilibrium and disequilibrium
EC.13 Consumer and producer surplus
EC.14 Maximum and minimum prices
EC.15 Taxes (direct and indirect)
EC.16 Subsidies
EC.17 Transfer payments
EC.18 Direct provision of goods and services
EC.19 Nationalisation and privatisation
EC.20 Aggregate Demand and Aggregate Supply analysis
EC.21 Inflation
EC.22 Balance of payments
EC.23 Exchange rates
EC.24 The terms of trade
EC.25 Principles of absolute and comparative advantage
EC.26 Protectionism
EC.27 Types of policy: fiscal, monetary and supply side policy
EC.28 Policies to correct balance of payments disequilibrium
EC.29 Policies to correct inflation and deflation
þ ESSAYS(3+) Column1
NO=
ECONOMICS SUPPLEMENTARY
ES.1
ES.2
ES.3
ES.4
ES.5
ES.6
ES.7
ES.8
ES.9
ES.10
ES.11
ES.12
ES.13
ES.14
ES.15
ES.16
ES.17
ES.18
ES.19
ES.20
ES.21
ES.22
ES.23
ES.24
ES.25
ES.26
 CHAPTERS
CONOMICS SUPPLEMENTARY
Efficient resource allocation
Externalities and market failure
Social costs and benefits; cost-benefit analysis
Law Of Diminishing Marginal Utility
Indifference curves
Budget lines
Types of cost, revenue and profit, short-run and long-run production
Different market structures
Growth and survival of firms
Differing objectives of a firm
Policies to achieve efficient resource allocation and correct market failure
Equity and policies towards income and wealth redistribution
Labour market forces and government intervention: – Demand and supply of labour – Wage determination in perfect market
Government failure in microeconomic intervention
Economic Growth, economic development and sustainability
National Income statistics
Classification of countries
Employment/unemployment
The circular flow of income
Money supply (theory)
Keynesian and Monetarist schools
The demand for money and interest rate determination
Policies towards developing economies; policies of trade and aid
Government macro policy aims
Inter-connectedness of problems
Effectiveness of policy options to meet all macroeconomic objectives
þ Essays(3+)