Economics is the study of how society provides for itself by making the most efficient use of scarce resources so that both private and social welfare may be improved. The CAPE Economics Syllabus is intended to promote knowledge and understanding of the principles and concepts of economics and to foster an appreciation of the various methods used by economists in analysing economic problems. The knowledge and skills acquired will enable students to contribute to the economic and social development of the Caribbean.
The syllabus is arranged into two Units. Each Unit consists of three Modules.
UNIT 1: MICROECONOMICS
|Module 1||Methodology: Demand and Supply|
|Module 2||Market Structure, Market Failure and Intervention|
|Module 3||Distribution Theory|
UNIT 2: MACROECONOMICS
|Module 1||Models of the Macroeconomy|
|Module 2||Macroeconomic Problems and Policies|
|Module 3||Growth, Sustainable Development and Global Relations|