Economics Level 2

The issues that result from market forces are the scope of study at this level. Students explore the economic issues of employment, trade, growth, inflation and inequality. They learn to define and measure these issues as well as understand their causes and possible effects. Government policies are examined as well as the independent nature of the economy by examining the impact on various groups.

General
1.Analyse inflation using economic concepts and models.
2.Analyse international trade using economic concepts and models.
3.Analyse economic growth using economic concepts and models.
4.Analyse unemployment using economic concepts and models.
5. Analyse statistical data relating to two contemporary economic issues.
6.Analyse how government policies and contemporary economic issues interact.

This level of study is organised into Five major Topics.
Theme 1 The Conceptual basis of Economics
You will develop an understanding of Inflation, Trade, Growth, unemployment and Government Policies. You will also be able to describe and provide explanation the causes and effects of the above topics on various economic issues, analysing, comparing and contrasting their impact on issues and various groups in society. Integrating changes shown in economic models into explanations.
Theme 2Processing
You will learn how to process, present and analyse statistical data in relation to two contemporary economic issues.
Theme 3Economic Models
You will learn to provide detailed explanation with the use of economic models like-AS / AD, PPF, Circular Flow and Business Cycle various economic issues.
Theme 4 Analyse unemployment using economic concepts and models.
Theme 5 Analyse interdependent nature of the economy
You will learn how to analyse, interpret and evaluate the interdependent nature of the economy by examining the impact of government policies on contemporary economic issues