Economics Syllabus

Topics: Economics, Supply and demand, Inflation Pages: 279 (24108 words) Published: November 18, 2013
CARIBBEAN EXAMINATIONS COUNCIL
Caribbean Advanced Proficiency Examination

CAPE

®

ECONOMICS
SYLLABUS
Effective for examinations from May/June 2010

CXC A20/U2/09

Published by the Caribbean Examinations Council
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, photocopying, recording or otherwise without prior permission of the author or publisher.

Correspondence related to the syllabus should be addressed to: The Pro-Registrar
Caribbean Examinations Council
Caenwood Centre
37 Arnold Road, Kingston 5, Jamaica, W.I.
Telephone: (876) 630-5200
Facsimile Number: (876) 967- 4972
E-mail address: cxcwzo@cxc.org
Website: www.cxc.org
Copyright © 2009 by Caribbean Examinations
Council The Garrison, St Michael BB14038, Barbados

CXC A20/U2/09

Contents
RATIONALE ........................................................................................................................................... 1 AIMS ........................................................................................................................................................ 2 SKILLS AND ABILITIES TO BE ASSESSED ...................................................................................... 2 PRE-REQUISITES OF THE SYLLABUS.............................................................................................. 3 STRUCTURE OF THE SYLLABUS ..................................................................................................... 3 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 MACROECONOMY ........................................................... 22 MODULE 2: MACROECONOMIC PROBLEMS AND POLICIES ............................................... 28 MODULE 3: GROWTH, SUSTAINABLE DEVELOPMENT AND

GLOBAL RELATIONS………..……………………………………………………….…….……….36 OUTLINE OF ASSESSMENT .......................................................................................................... 44 REGULATIONS FOR PRIVATE CANDIDATES .............................................................................. 55 REGULATIONS FOR RESIT CANDIDATES .................................................................................... 56 ASSESSMENT GRID ............................................................................................................................. 57 RESOURCES .......................................................................................................................................... 58 GLOSSARY ............................................................................................................................................. 59

CXC A20/U2/09

This document CXC A20/U2/09 replaces CXC A20/U2/03 issued in 2003. Please note that the syllabus was revised and amendments are indicated by italics.

First Issued 2003
Revised 2009

Please check the website www.cxc.org for updates on CXC’s syllabuses.

CXC A20/U2/09

T

Introduction

T

he Caribbean Advanced Proficiency Examination (CAPE) is 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.

The Caribbean Examinations Council offers three types of...
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