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CAPE Economics: Unit 1

csec-economics.
20
Jul

RATIONALE

Economics is the study of how society provides for itself by making the most efficient use of scarce resources so that both private and social welfare may be improved. The subject, therefore, covers the study of individuals, households, firms, government and international economic institutions as they attempt to make better use of scarce resources.

The study of Economics enables individuals to develop a better understanding of the economic issues which affect them and the world in which they live. It will also enable students to offer informed comments on economic matters. The knowledge gained from this course in Economics will be of lifelong value to the student. The influence of the subject on all areas of activity should stimulate the individual to continue reading and conducting research in Economics.

AIMS

This course aims to:

  1. promote understanding of the basic principles and concepts of economics which are accepted in large measure by economists while recognising that the field is changing continuously;
  2. develop an appreciation of the various methods used by economists in analysing economic problems;
  3. develop an understanding of the global economy and of the relationships between rich and poor nations with respect to international trade and finance and the most important international financial institutions;
  4. encourage students to apply economic principles, theories and tools to everyday economic problems, for example, inflation, unemployment, environmental degradation, sustainable development and exchange rate instability and to contribute meaningfully to any dialogue on these issues;
  5. encourage students to apply economic theory to the critical issues which affect the small open Caribbean-type economy;
  6. encourage students to evaluate contentious economic issues so that decision-making may be informed by logical and critical thinking;
  7. sensitise students to the need for ethical behaviour in the conduct of economic transactions.

Course Content

Total learning: 79 lessons Time: 52 weeks

Instructor

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CAPE Economics Syllabus

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