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ECONOMICS
HIGHER 1
(Syllabus 8819)
CONTENTS
Page

AIMS

1

ASSESSMENT OBJECTIVES

1

SYLLABUS CONTENT

2

ASSESSMENT FORMAT

7

NOTES OF GUIDANCE

8

RECOMMENDED READING

20

8819 H1 ECONOMICS (2014)

ECONOMICS
HIGHER 1
(Syllabus 8819)
FIRST YEAR OF EXAMINATION 2009

AIMS
The syllabus is intended to provide the basis for a broad understanding of economics. Specifically, the syllabus aims to develop in candidates:
1.

an understanding of fundamental economic principles, theories and concepts, and of the methods of analysis used by an economist;

2.

the ability to use the tools of economic reasoning to explain, analyse and resolve economic issues, and evaluate policy decisions;

3.

the habit of reading critically, from a variety of sources, to gain information about the changing economic activities and policies at the national and international levels;

4.

the ability to use evidence in making rational arguments in economic context and understand the roles of various economic agents.

ASSESSMENT OBJECTIVES
Candidates are expected to demonstrate:
Understanding of
1.
the main concepts, principles and theories employed within the field of economics
2.

methods of analysis in economics

Ability to
3.
understand and interpret economic information presented in textual, numerical or graphical form
4.

select and apply economic concepts and principles to explain and analyse contemporary events at the micro and macro levels

5.

recognise unstated assumptions

6.

make interpretations and valid inferences from information presented and evaluate the reliability of information given

7.

evaluate alternative theoretical explanations and perspectives of economic problems, issues and policy decisions

8.

organise and communicate economic ideas and arguments in a clear, logical and appropriate form 1

SYLLABUS CONTENT
The theme for the H1 syllabus is Markets and Governments.

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