Economics

Study how people and organisations make choices when resources are limited. You will interpret market behaviour and economic data, then examine national and international issues. Zimbabwean and regional examples help you connect concepts with prices, employment, trade and development.

Pathway subject

Learning outcomes

• Use economic concepts to explain choices by households and firms.
• Interpret graphs and data about economic activity.
• Compare likely effects of a market or policy change.

Main topics

• Scarcity, choice and resource allocation
• Demand, supply and price determination
• Production, costs and market structures
• Labour, income and economic participation
• National income, inflation and public economic policy
• International trade and development

Practical task

Investigate changes in the price of a familiar product using a small dataset and explain possible supply and demand influences.

Assessment

Concept checks, diagrams, data-response questions and structured explanations of economic cases.