Economics 2281 o Level 2009 Idris

8/11/2019 Economics 2281 o Level 2009 Idris

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ECONOMICS 2281 O LEVEL 2009

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CONTENTStudents should be able to:

1 Basic econo ic !"oble : choice and the allocation o# "esou"ces

$ de%ne the natu"e o# the econo ic !"oble &%nite "esou"ces and unli ited

'ants()

$ de%ne the #acto"s o# !"oduction &land* labou"* ca!ital* ente"!"ise()

$ de%ne o!!o"tunit+ cost and anal+se !a"ticula" ci"cu stances to illust"ate the

conce!t)

$ e,aluate the i !lications o# !a"ticula" cou"ses o# action in te" s o# o!!o"tunit+

cost)

2 The allocation o# "esou"ces: ho' the a"-et 'o"-s. a"-et #ailu"e

$ desc"ibe the allocation o# "esou"ces in a"-et and i/ed econo ic s+ste s)

$ de onst"ate the !"inci!le o# e uilib"iu !"ice and anal+se si !le a"-et

situations 'ith chan es in

de and and su!!l+)

$ desc"ibe the causes o# chan es in de and and su!!l+ conditions and anal+se

such chan es to sho'

e ects in the a"-et)

$ de%ne !"ice elasticit+ o# de and and su!!l+ and !e"#o" si !le calculations)

$ de onst"ate the use#ulness o# !"ice elasticit+ in !a"ticula" situations e) )

"e,enue chan es* consu e"

e/!enditu"e)

$ desc"ibe the conce!t o# a"-et #ailu"e and e/!lain the "easons #o" its occu""ence)

$ e,aluate the e"its o# the a"-et s+ste )

$ de%ne !"i,ate and social costs and bene%ts and discuss con3icts o# inte"est in

"elation to these costsand bene%ts in the sho"t te" and lon te" th"ou h studies o# the #ollo'in

issues:

: conse",in "esou"ces ,e"sus usin "esou"ces

: !ublic e/!enditu"e ,e"sus !"i,ate e/!enditu"e)

4 The indi,idual as !"oduce"* consu e" and bo""o'e"

$ desc"ibe the #unctions o# one+ and the need #o" e/chan e)

$ desc"ibe the #unctions o# cent"al ban-s* stoc- e/chan es* co e"cial ban-s)

$ identi#+ the #acto"s a ectin an indi,idual5s choice o# occu!ation &'a e #acto"s

and non$'a e #acto"s()


2/5

$ desc"ibe li-el+ chan es in ea"nin s o,e" ti e #o" an indi,idual)

$ desc"ibe the di e"ences in ea"nin s bet'een di e"ent occu!ational "ou!s

& ale6#e ale. s-illed6

uns-illed. !"i,ate6!ublic. a "icultu"al6 anu#actu"in 6se",ices()

$ desc"ibe t"ade unions and thei" "ole in an econo +)

$ desc"ibe the bene%ts and disad,anta es o# s!eciali7ation #o" the indi,idual)

$ anal+se the di e"ent oti,es #o" s!endin * sa,in and bo""o'in )

$ discuss ho' and 'h+ di e"ent inco e "ou!s ha,e di e"ent e/!enditu"e

!atte"ns &s!endin * sa,in *

bo""o'in ()


4

The !"i,ate %" as !"oduce" and e !lo+e"

$ desc"ibe the t+!e o# business o" anisation in the !ublic and !"i,ate secto"s: sole

!"o!"ieto"s*

!a"tne"shi!s* !"i,ate co !anies* !ublic co !anies* ulti$nationals* co$o!e"ati,es*

!ublic co"!o"ations)

$ desc"ibe and e,aluate the e ects o# chan es in st"uctu"e o# business

o" anisations)

$ desc"ibe 'hat dete" ines the de and #o" #acto"s o# !"oduction)

$ de%ne total and a,e"a e cost* %/ed and ,a"iable cost and !e"#o" si !le

calculations)

$ anal+se !a"ticula" situations to sho' chan es in total and a,e"a e cost as out!ut

chan es)

$ de%ne total and a,e"a e "e,enue and !e"#o" si !le calculations)

$ desc"ibe the !"inci!le o# !"o%t a/i isation as a oal)

$ desc"ibe !"icin and out!ut !olicies in !e"#ect co !etition and ono!ol+)

$ desc"ibe the ain "easons #o" the di e"ent si7es o# %" s &si7e o# a"-et. ca!ital.

o" anisation()$ desc"ibe and e,aluate inte "ation* econo ies and disecono ies o# scale)

$ discuss the ad,anta es and disad,anta es o# ono!ol+)

ole o# o,e"n ent in an econo +

$ desc"ibe the o,e"n ent as a !"oduce" o# oods and se",ices and as an

e !lo+e")

$ desc"ibe the ai s o# o,e"n ent !olic+* e) ) #ull e !lo+ ent* !"ice stabilit+*

econo ic "o'th*

"edist"ibution o# inco e* balance o# !a+ ents stabilit+)

$ discuss the !ossible con3icts bet'een o,e"n ent ai s)


3/5

$ desc"ibe the t+!es o# ta/ation &di"ect* indi"ect* !"o "essi,e* "e "essi,e*

!"o!o"tional( and the i !act o#

ta/ation)

$ discuss the o,e"n ent5s in3uence &"e ulation* subsidies* ta/es( on !"i,ate

!"oduce"s)

; Econo ic indicato"s

!"ices $ desc"ibe ho' the "etail !"ice inde/ is calculated)

$ discuss the causes and conse uences o# in3ation)

e !lo+ ent $ desc"ibe the chan in !atte"ns and le,els o# e !lo+ ent)

$ discuss the causes and conse uences o# une !lo+ ent)

out!ut $ de%ne


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$ discuss the e"its o# #"ee t"ade and !"otection)

SC@EME O? SSESSMENT T'o co !ulso"+ !a!e"s 'ill be set as #ollo's:

>a!e" =u"ation Ma"- ei htin

1 Multi!le choice 1 hou"

0 ite s* all to be atte !ted) ll ite s

'ill be o# the #ou" "es!onse Dsi !le

co !letion5 t+!e)

40

2 St"uctu"ed Fuestions 2 hou"s

uestions to be ans'e"ed* includin

one co !ulso"+ uestion and 4

uestions #"o a choice o# ;)

A0


BOOG LIST This is NOT a list o# !"esc"ibed te/ts* but e"el+ an atte !t to !"o,ide a "an e o#

alte"nati,es #"o

'hich teache"s a+ li-e to choose)

Lon an


5/5

>olicies5)

=esi ned #o" a hi he" le,el e/a ination ta-en in southe"n #"ican count"ies

but contain uch ate"ial hel!#ul #o" O Le,el)

=an Mo+nihan

B"ian Title+

Econo ics: Co !lete Cou"se &4"d Edition(

O/#o"d Hni,e"sit+ >"ess 0 19 914 14 8

Co !"ehensi,e to!ic co,e"a e 'ith assi n ents and data "es!onse

ate"ial)

obe"t >aisle+

John Fuill#eldt

"atten "obe"t @I"ess*

Module 1* 0 21 9 282

Co,e"s D hat is Econo icsK5 and DBasic Econo ic Conce!ts5)

Module 2* 0 21 9 2A

Co,e"s DSu!!l+ and =e and5* D?i" s and >"oduction5 and DMa"-ets5

=esi ned #o" a hi he" le,el e/a ination ta-en in southe"n #"ican

count"ies* but contain uch ate"ial hel!#ul #o" O Le,el)

Economics 2281 o Level 2009 Idris

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