Economics

CURRICULUM AIMS

The aims of the Economics curriculum are to enable students to:

(a) develop an interest in exploring human behaviour and social issues through an economic perspective;
(b) understand the world in which they live through the mastery of basic economic knowledge;
(c) enhance their general intellectual capacity for life-long learning, through developing their capacities in economic analysis, so that they possess the skills necessary for reasoning about issues and making rational choices; and
(d) participate as informed and responsible citizens in the decision-making processes of a modern society.

SYLLABUS FOR S4-S6

Level	Topics
S4	Basic economic concepts Stages of production and specialisation Factors of production Ownership of firms Sole proprietorship, partnership and limited company Production in short run and long run The objectives of firms Supply and demand Concepts of consumer surplus and producer surplus Efficiency and equity
S5	National income AD-AS model Money and banking Inflation Unemployment Different phases of the business cycle Fiscal and monetary policy International trade International finance
S6	Extension of Trade Theory Economic growth and development

ASSESSMENT DESIGN

Level	Component	Part	Weighting	Duration
S4	Examination	Paper 1 MC questions Paper 2 Conventional questions	24 % 56 %	45 minutes 1.25 hours for interim exam and 1.5 hours for final exam
	SBA for internal  assessment	Class tests	20%
S5	Examination	Paper 1 MC questions Paper 2 Conventional questions	24 % 56 %	1 hour 1.5 hours for interim exam and 2 hours for final exam
	SBA for internal  assessment	Class tests	20%
S6	Examination	Paper 1 MC questions Paper 2 Conventional questions	30% 70%	1 hour 2.5 hours

SBA FOR PUBLIC EXAMINATIONS

There is no SBA for Economics.