Econs+O+Level+Year+11

=Year 11 =

Unit 8.1 Barter System

 * Problems of Barter
 * How to overcome problems of barter trade

Unit 8.2 Money

 * Qualities of Good Money
 * Functions of Money

Unit 8.3 Inflation

 * Meaning
 * Measuring rate of inflation (RPI)
 * Causes of Inflation
 * Effect of Inflation
 * Ways to control Inflation

Unit 8.4 Value of Money

 * Real value of money
 * Measuring changes in the value of money

Unit 9.1 Commercial Banks

 * Functions of Commercial Banks
 * The services provided by Commercial Banks
 * Basic Principles of Commercial Banking
 * Balance Sheet of Commercial Banks
 * Credit Creation

Unit 9.2 Central Banks

 * Functions of Central Banks

Unit 9.3 Stock Exchange

 * Definition
 * Functions

Unit 10.1 Government Spending

 * Reasons for government spending
 * Types of Government spending

Unit 10.2 Government Revenue

 * Sources of government revenue

Unit 10.2 Taxation

 * Reasons for taxation
 * Qualities of a good system
 * Tax structure
 * Types of taxation
 * Advantages and Disadvantages of taxation

Unit 10.3 Controls of the Economy

 * Fiscal Policy
 * Monetary Policy
 * Direct Policy

Unit 10.6 Externalities

 * Negative Externalities
 * Positive Externalities

Unit 11.4 Protectionism

 * Methods of protecting home industries
 * Reasons for protecting home industries

Unit 11.5 Balance of Payments

 * Current account
 * Causes of current account deficit
 * Capital account
 * Balancing items
 * Official financing

Unit 11.6 Foreign Exchange

 * Factors that influence the price of a country's currency

= END OF SYLLABUS LIST =