Economics (Year 11)

WACE

Unit 1, Unit 2

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Unit 1

The Law of Supply
The law of Demand
Economic Concepts
Markets

Unit 2

Inflation
Economic Growth
The Business Cycle - Unit 2
Macroeconomic Activity

Unit 3

Global Interdependence
Exchange Rate
Free Trade and Protection
Foreign Investment
Pattern of Trade
Balance of Payments
Terms of Trade

Unit 4

The Business Cycle
Fiscal Policy
Aggregate Expenditure Model
Monetary Policy
Aggregate Demand and Supply Model
Structural Change
Economic Policy Objectives
Productivity