Economics for CSEC® Examinations
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Description
Contents
Reviews
Language
English
ISBN
9780230454095
Cover
Title
Copyright
Contents
List of figures and tables
Series preface
About this book
1 Basic economic concepts
The definition of economics
The scope of economics
Summary
Answers to ITQs
Examination-style questions
2 Economic decisions
Economic decisions
Influences on economic decisions
Summary
Answers to ITQs
Examination-style questions
3 Factors of production
Factors of production
Primary and secondary factors of production
Summary
Answers to ITQs
Examination-style questions
4 Economic systems
Resource allocation
Economic systems
Comparison of economic systems
Summary
Answers to ITQs
Examination-style questions
5 Costs in the short run and the long run
The cost of production
Summary
Answers to ITQs
Examination-style questions
6 Business organisations in the free market economy
Types of business organisation
Sole proprietorships
Partnerships
Joint stock companies
Cooperatives
Multinational corporations (MNCs)
Summary
Answers to ITQs
Examination-style questions
7 Economies and diseconomies of scale
Productive capacity
Economies of scale
Diseconomies of scale
Division of labour
Summary
Answers to ITQs
Examination-style questions
8 Market forces
Market forces
Determinants of demand
Summary
Answers to ITQs
Examination-style questions
9 The theory of supply
Firm and industry supply
Determinants of supply
Summary
Answers to ITQs
Examination-style questions
10 Equilibrium in the market
Demand and supply in the market
Shortages and surpluses
Shifts in demand and supply
Summary
Answers to ITQs
Examination-style questions
11 Elasticity
Elasticity
Degrees of elasticity
Factors affecting the price elasticity of demand
Price elasticity of supply
Summary
Answers to ITQs
Examination-style questions
12 Market structure
Spectrum of markets
Summary
Answers to ITQs
Examination-style questions
13 Market failure
Market failure
Causes of market failure
Consequences of market failure
Summary
Answers to ITQs
Examination-style questions
14 The financial sector
Money
Features of money
Functions of money
The money supply
The financial sector
The informal sector in Caribbean economies
Summary
Answers to ITQs
Examination-style questions
15 The central bank and other financial institutions
The central bank
Functions of the central bank
Commercial banks
Share market
Credit union
Development bank
Insurance company
Mutual fund
Building society
Investment trust company
Informal credit institutions
Financial instruments
Summary
Answers to ITQs
Examination-style questions
16 Government in the economy and national income
Introduction
Expenditure
The circular flow of income
National income
Nominal, real and potential output
Summary
Answers to ITQs
Examination-style questions
17 Inflation, recession and unemployment
Introduction
Policies used by government to achieve macroeconomic goals
Inflation and its causes
Consequences of inflation
Measures to reduce inflation
Recession
Unemployment
Summary
Answers to ITQs
Examination-style questions
18 Growth and development
Economic growth
Drivers of economic growth
Economic development
Growth versus development
Summary
Answers to ITQs
Examination-style questions
19 Trade unions
Trade unions
Types of trade union
Labour in the free market economy
Trade unions and the supply of labour
The role of trade unions in a free market economy
Some costs of trade union activity
Summary
Answers to ITQs
Examination-style questions
20 International trade
International trade
The rationale for international trade
Factors that influence international trade
The theory of absolute advantage
The theory of comparative advantage
Terms of trade
Gains from trade
Summary
Answers to ITQs
Examination-style questions
21 Exchange rates
Exchange rates
The fixed exchange rate system
The floating exchange rate system
Factors influencing the exchange rate
The managed exchange rate regime
Summary
Answers to ITQs
Examination-style questions
22 Balance of payments
Balance of payments
Structure of the balance of payments
Balance of payments deficits
Balance of payments surpluses
Summary
Answers to ITQs
Examination-style questions
23 Globalisation and trade liberalisation
Protectionism
Preferential tariffs
Trade liberalisation
Globalisation
Effects of trade liberalisation and globalisation
Summary
Answers to ITQs
Examination-style questions
24 Caribbean economies
Caribbean economies
Economic problems facing Caribbean economies
Development strategies for Caribbean economies in a globalised environment
Summary
Answers to ITQs
Examination-style questions
25 Economic integration and CARICOM Single Market and Economy
Economic integration
The CARICOM Single Market and Economy (CSME)
Examples of economic integration
Summary
Answers to ITQs
Examination-style questions
26 E-commerce
What is e-commerce?
Advantages of e-commerce
Challenges of e-commerce
Summary
Answers to ITQs
Examination-style questions
27 School-based assessment
Introduction
Choosing a topic and formulating a topic statement
Sample school-based assessment project
Conclusion
Answers to multiple choice questions
Index
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Back Cover
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