Economics

Assessment

Components: Three examination papers (33.3% each) − Paper 1: individuals, firms, markets and market failure: economic methodology and economic problem; individual economic decisions making; price determination in a competitive market; production, costs, and revenue; perfect competition, imperfectly competitive markets and monopoly;labour market; distribution of income and wealth, poverty and inequality − Paper 2: the national and international economy: financial markets and monetary policy; fiscal policy and supply-side policies;international economy − Paper 3: applications of microeconomics and macroeconomics