• Topic 1:   Identifying The Economic Problem

1.1       The economic problem

1.2       Economic decisions

1.3       Economic systems

• Topic 2:   The Market Mechanism

2.1       The competitive market model

2.2       Shifts in demand and supply

2.3       Price elasticity

• Topic 3:   Market in Practice

3.1       Market structures

3.2       Market objectives

3.3       Market failure

3.4       Government intervention in markets

• Topic 4:   Macroeconomic Objectives

4.1       Full employment of labour

4.2       Price stability

4.3       Economic growth

4.4       External balance

4.5       Data analysis

• Topic 5:   Determination of Production, Employment and Inflation

5.1       Indicators

5.2       Circular flow of income

5.3       Components of total expenditure

5.4       Roles of financial institutions

5.5       Level of income

5.6       Expenditure multiplier

5.7       Aggregate demand-aggregate supply model

5.8       Shifting the curves­ – Aggregate demand

5.9       Shifting the curves­ – Aggregate supply

5.10     Limitations of the AD – AS model

• Topic 6:   Economic Policies

6.1       Macroeconomic management

6.2       Demand management – Fiscal policy

6.3       Demand management – Monetary policy

6.4       Supply management

6.5       Supply management – competition policy

6.6       Supply management – labour market reform

6.7       Deregulation

6.8       Privatisation

6.9       Taxation

6.10     Effectiveness of economic policies

6.11     Problems of policy

• Topic 7:   The Global Economy

7.1       Globalisation

7.2       Free trade

7.3       Protection

7.4       Trade agreements

7.5       Transnational corporations

7.6       Global institutions

• Topic 8:   Economic Development 

8.1       Economic development

8.2       Ecologically sustainable development

8.3       Indicators of development

8.4       Causes of inequality and poverty

8.5       Promoting economic development