Economics A Level Notes

///Economics A Level Notes
Economics A Level Notes 2018-02-04T07:40:00+00:00

ZIMSEC Advanced Level Economics Notes

These Notes are specifically made for the New Curriculum (2015-2022) they can however be used by those writing under old syllabus as well.
  • Research techniques in Economics
  • Measures of central tendency
  • Presentation and Analysis of economic data
  • Factors of Production
  • Renewable and non-renewable resources
  • Relationship between societal needs/wants and available economic resources
  • Scarcity
  • Choice
  • Opportunity cost
  • Economic systems
  • market economy
  • planned economy
  • mixed economy
  • Characteristics of successful entrepreneurs
  • Sources of capital
  • Business organisations
  • Business ethics
  • Individual and market demand curves
  •  Factors influencing demand
  • Movements along and shifts of a demand curve
  •  Price, income and cross elasticities of demand
  • Utility theories
  • Marginal Utility Theory
  • Indifference curves Theory

• Individual and market supply curves
• Factors influencing market supply
• Movements along and shifts of supply curves
• Equilibrium price and quantity
• Consumer surplus and producer surplus
• Elasticity of supply
• Determinants of elasticity of supply
• Short – run and long – run production function
• Production costs
• Long-run cost function
• Economies and diseconomies of scale, (internal and external).

• Growth of firms

• Survival of Small and Medium Enterprises
• Government support to SMEs
• Benefits of SMEs to society

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