Economics Syllabus
CARIBBEAN EXAMINATIONS COUNCIL
Caribbean Advanced
Proficiency Examinations
Correspondence related to the syllabus should be addressed to:
The Pro-Registrar
Caribbean Examinations Council
Caenwood Centre
37 Arnold Road, Kingston 5, Jamaica, W.I.
Telephone Number: (876) 920-6714
Facsimile Number: (876) 967-4972
E-mail address: cxcwzo@cxc.org
Website: www.cxc.org
Copyright © 2008, by Caribbean Examinations Council
The Garrison, St. Michael BB 11158, Barbados
This document CXC A20/U2/08 replaces CXC A20/U2/03 issued in 2003.
Please note that the syllabus was revised and amendments are indicated by italics and vertical lines.
First Issued 2003
Revised 2008
Please check the website www.cxc.org for updates on CXC’s syllabuses.
RATIONALE 1
AIMS 2
SKILLS AND ABILITIES TO BE ASSESSED 2
PRE-REQUISITES OF THE SYLLABUS 3
STRUCTURE OF THE SYLLABUS 3
UNIT 1: MICROECONOMICS
MODULE 1: METHODOLOGY: DEMAND AND SUPPLY 4 MODULE 2: MARKET STRUCTURE, MARKET FAILURE AND INTERVENTION……...12 MODULE 3: DISTRIBUTION THEORY 17
UNIT 2: MACROECONOMICS
MODULE 1: MODELS OF THE MACROECONOMY 27 MODULE 2: MACROECONOMIC PROBLEMS AND POLICIES 28 MODULE 3: GROWTH, SUSTAINABLE DEVELOPMENT AND GLOBAL RELATIONS 36
OUTLINE OF ASSESSMENT 44
REGULATIONS FOR PRIVATE CANDIDATES 55
REGULATIONS FOR RESIT CANDIDATES 56
ASSESSMENT GRID 57
RESOURCES 58
GLOSSARY 59
T
T he Caribbean Advanced Proficiency Examinations (CAPE) are designed to provide certification of the academic, vocational and technical achievement of students in the Caribbean who, having completed a minimum of five years of secondary education, wish to further their studies. The examinations address the skills and knowledge acquired by students
Caribbean Advanced
Proficiency Examinations
Correspondence related to the syllabus should be addressed to:
The Pro-Registrar
Caribbean Examinations Council
Caenwood Centre
37 Arnold Road, Kingston 5, Jamaica, W.I.
Telephone Number: (876) 920-6714
Facsimile Number: (876) 967-4972
E-mail address: cxcwzo@cxc.org
Website: www.cxc.org
Copyright © 2008, by Caribbean Examinations Council
The Garrison, St. Michael BB 11158, Barbados
This document CXC A20/U2/08 replaces CXC A20/U2/03 issued in 2003.
Please note that the syllabus was revised and amendments are indicated by italics and vertical lines.
First Issued 2003
Revised 2008
Please check the website www.cxc.org for updates on CXC’s syllabuses.
RATIONALE 1
AIMS 2
SKILLS AND ABILITIES TO BE ASSESSED 2
PRE-REQUISITES OF THE SYLLABUS 3
STRUCTURE OF THE SYLLABUS 3
UNIT 1: MICROECONOMICS
MODULE 1: METHODOLOGY: DEMAND AND SUPPLY 4 MODULE 2: MARKET STRUCTURE, MARKET FAILURE AND INTERVENTION……...12 MODULE 3: DISTRIBUTION THEORY 17
UNIT 2: MACROECONOMICS
MODULE 1: MODELS OF THE MACROECONOMY 27 MODULE 2: MACROECONOMIC PROBLEMS AND POLICIES 28 MODULE 3: GROWTH, SUSTAINABLE DEVELOPMENT AND GLOBAL RELATIONS 36
OUTLINE OF ASSESSMENT 44
REGULATIONS FOR PRIVATE CANDIDATES 55
REGULATIONS FOR RESIT CANDIDATES 56
ASSESSMENT GRID 57
RESOURCES 58
GLOSSARY 59
T
T he Caribbean Advanced Proficiency Examinations (CAPE) are designed to provide certification of the academic, vocational and technical achievement of students in the Caribbean who, having completed a minimum of five years of secondary education, wish to further their studies. The examinations address the skills and knowledge acquired by students