You are on page 1of 1

Unit 1: Basic Concepts of Economics (1 and 5 marks question)

 Wealth definition with criticisms


 Welfare definition with criticisms
 Scarcity definition with criticisms
 Concept of positive and normative economics
 Meaning and features of: land, labour and capital

Unit 2: Demand & Supply (1, 5 and 8 marks question)


 Types of demand
 Law of demand and exceptions
 Shift in demand curve
 Determinants of demand
 Law of supply and exceptions
 Shift in supply curve
 Determinants of supply
 Interaction between demand and supply (Market equilibrium)

Unit 3: Introduction of Macro-economics (1, 5 and 8 marks question)


 Concept of macro-economics
 Meaning and features of: Closed and open economy
 Difference between closed and open economy
 Macro economic variables

Unit 4: Economic Development (1 and 5 marks question)


 Concept of Economic development
 Difference between economic development and economic growth
 Meaning and process of capital formation

Unit 5: Natural Resources (1, 5 and 8 marks question)


 Types of natural resources
 Water resource: Problems of water resource development and Current Situation
 Forest resource: Importance, Causes and consequences of deforestation
 Mineral resource: Importance and problems
 Climate change: Concept and effects of climate change

Unit 6: Mathematics (1 and 5 marks question)


 Equation of a straight line: Exercise 1(B) and 1(C)

You might also like