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Economics
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1
The Basic Economic Problem
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Factors of Production
Scarcity and Opportunity Cost
Production Possibility Curve
2
Allocation of Resources
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Market and Mixed Economies
Demand
Supply
Equilibrium Price
Elasticity
Merits of the Market System
Market Failure
Use of Resources
3
The Individual as Producer, Consumer and Borrower
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Specialisation, Exchange and Money
Banks
Stock Exchanges
Choice of Occupation
Differences in Earnings
Trade Unions
Motives for Spending, Saving and Borrowing
Differences in Expenditure Patterns
4
The Private Firm as Producer and Employer
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Types of Business Organisations
Demand for Factors of Production
Costs of Production
Principle of Profit Maximisation
Pricing and Output Strategies
Different Size of Firms and Integration
Economies of Scale
5
Role of Government in an Economy
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The Government as a Producer and an Employer
Aims of Government
The Government’s Influence on Private Producers
Conflicts between Government Aims
Types of Taxation
Incidence and Impact of Taxation and Subsidies
Government Policies & Tools for Managing the Economy
6
Economic Indicators
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Retail Price Index
Causes and Consequences of Inflation
Employment
Gross Domestic Product
Living Standards
7
Developed and Developing Countries
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Different Stages of Development
Inequality and Poverty
Population Growth
The Effects of Changes in Population
Problems of Development
8
International Aspects
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The Structure of the Balance of Payments
Changing Patterns of Exports and Imports
International Trade
Exchange Rates
Free Trade and Protection
Resources
Power points
PDF´s
A Brief Questionare
By Noice Tech