Econs+O+Level+Year+9

=Year 9 =


 * Finite resources
 * Unlimited wants.

Unit 1.6 Types of Goods

 * Free Goods
 * Public Goods
 * Economic Goods
 * Consumer Goods
 * Complementary Goods
 * Substitute Goods
 * Inferior Goods
 * Durable Goods

Unit 1.7 Economic System

 * Subsistence
 * Market Economy
 * Planned Economy
 * Mixed Economy

Unit 2.2 Types of Production

 * Primary
 * Secondary
 * Tertiary

Unit 2.3 Stages/Chain/Distribution of Production

 * Producer/Manufacturer
 * Wholesaler
 * Retailer
 * Consumer

Unit 2.4 Factors of Production

 * Land
 * Labour
 * 1) Skilled
 * 2) Unskilled


 * Capital
 * 1) Capital Intensive
 * 2) Labour Intensive
 * Enterprise

Unit 2.5 Division of Labour

 * Advantages
 * Disadvantages

Unit 2.6 Mobility of Labour

 * Geographical Mobility of Labour
 * Occupational Mobility of Labour
 * Factors Hindering Mobility of Labour
 * Factors Helping Mobility of Labour

Unit 2.7 Cost of Production

 * Fixed Cost
 * Variable Costs
 * Total Costs
 * Average Costs
 * Marginal Costs
 * Total Revenue
 * Profits

Unit 2.8 Time Periods

 * Short Run Period
 * Long Run Period

Unit 3.2 Theory of Demand

 * What is demand?
 * Changes in quantity of demanded
 * Changes in demand curves and the causes to the changes

Unit 3.3 Theory of Supply

 * What is Supply?
 * Changes in quantity supply/movement along the supply curve

Unit 3.4 Price Determination

 * Meaning of Equilibrium price
 * Effect to the Equilibrium price due to the changes in demand and supply curve
 * Effects to the equilibrium price due to taxation and subsidy
 * Types of price control

Unit 3.5 Elasticity

 * Elasticity of Demand
 * Price elasticity of demand
 * Income Elasticity
 * Cross Elasticity
 * Elasticity of Supply
 * Price elasticity of Supply

Unit 3.6 Types of Market Structure

 * Perfect Competition
 * Monoply
 * Oligopoly
 * Monopolistic Competition
 * Pricing and output policies in perfect competition and monopoly

Unit 3.7 Advertising

 * Purpose and Methods

= END OF SYLLABUS LIST =