Unit 3 of O Level Tutorials Complete!

updates
Unit 3: The individual as producer, consumer and borrower

The topics covered under this unit:

  1. Money and exchange
  2. Functions of central banks, stock exchanges, commercial banks
  3. Factors affecting an individual’s choice of occupation
  4. Changes in an individual’s earnings
  5. Differences in earnings
  6. Trade Unions
  7. Specialisation
  8. Spending, saving and borrowing
  9. Expenditure patterns

I hope you find the tutorials useful.

Unit 1 of A level tutorials complete!

updates
Unit: Unit 1( Competitive Markets- How they work and why they fail)

Topics:

  1. What is the nature of economics?
  2. Production Possibilities Curve – illustrations of various economic concepts.
  3. Specialisation and division of labour
  4. Determinants of Demand
  5. Elasticity of Demand
  6. Determinants of Supply
  7. Determining the Price, Functions of Prices, Consumer/Producer Surplus
  8. Price Changes Explained
  9. Incidence of Taxation and Subsidies
  10. Wage rate determination in labour market
  11. Market Failure
  12. How governments attempt to correct market failure
  13. Government Failure