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)