3.1 Basic Economic Ideas

Please choose flip-quiz from list below.

Basic Economic Problem

Resources and Goods

Specialisation

The Private and Public Sectors

Interpreting Economic Data

3.2 Producing and Consuming

Markets

Demand

Supply

Price Determination

The Labour Market

Costs, Revenue and Profit

Productivity

Business Growth

Competition

Social Costs and Benefits

Market Failure

Correcting Market Failure

3.3 Financial Capability

Money and Financial Products

Managing Personal Finances

Financial Services Industry

3.4 Managing the Economy

Circular Flow of Income

Government Economic Objectives

Economic and Sustainable Growth

Unemployment

Inflation

Government Policy Instruments

Fiscal Policy

Monetary Policy

Supply-Side Policy

Effectiveness of Government Policy

3.5 The Global Economy (40%)

Balance of Payments

Globalisation

Trade

Exchange Rates

Development

European Union
(EU)

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