Correspondence related to the syllabus should be addressed to:
Caribbean Examinations Council
37 Arnold Road, Kingston 5, Jamaica, W.I.
Telephone Number: (876) 920-6714
Facsimile Number: (876) 967-4972
E-mail address: firstname.lastname@example.org
Copyright © 2008, by Caribbean Examinations Council
The Garrison, St. Michael BB 11158, Barbados
This document CXC A20/U2/08 replaces CXC A20/U2/03 issued in 2003.
Please note that the syllabus was revised and amendments are indicated by italics and vertical lines.
First Issued 2003
Please check the website www.cxc.org for updates on CXC’s syllabuses.
SKILLS AND ABILITIES TO BE ASSESSED2
PRE-REQUISITES OF THE SYLLABUS3
STRUCTURE OF THE SYLLABUS3
UNIT 1: MICROECONOMICS
MODULE 1: METHODOLOGY: DEMAND AND SUPPLY 4
MODULE 2: MARKET STRUCTURE, MARKET FAILURE AND INTERVENTION……...12 MODULE 3: DISTRIBUTION THEORY 17
UNIT 2: MACROECONOMICS
MODULE 1: MODELS OF THE MACROECONOMY27
MODULE 2: MACROECONOMIC PROBLEMS AND POLICIES28
MODULE 3: GROWTH, SUSTAINABLE DEVELOPMENT AND
OUTLINE OF ASSESSMENT44
REGULATIONS FOR PRIVATE CANDIDATES 55
REGULATIONS FOR RESIT CANDIDATES56
he Caribbean Advanced Proficiency Examinations (CAPE) are designed to provide certification of the academic, vocational and technical achievement of students in the Caribbean who, having completed a minimum of five years of secondary education, wish to further their studies. The examinations address the skills and knowledge acquired by students under a flexible and articulated system where subjects are organised in 1-Unit or 2-Unit courses with each Unit containing three Modules.
Subjects examined under CAPE may be studied concurrently or singly, or may be combined with subjects examined by other examination boards or institutions.
The Caribbean Examinations Council offers three types of certification. The first is the award of a certificate showing each CAPE Unit completed. The second is the CAPE diploma, awarded to candidates who have satisfactorily completed at least six Units, including Caribbean Studies. The third is the CAPE Associate Degree, awarded for the satisfactory completion of a prescribed cluster of seven CAPE Units including Caribbean Studies and Communication Studies. For the CAPE diploma and the CAPE Associate Degree, candidates must complete the cluster of required Units within a maximum period of five years.
Recognized educational institutions presenting candidates for CAPE towards the award of the Council’s Associate Degree in nine categories must, on registering these candidates at the start of the qualifying year, have them confirm in the required form, the Associate Degree they wish to be awarded. Candidates will not be awarded any possible alternatives for which they did not apply.
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...