GCE Economics – QEFAS

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Lesson 1: Introduction to Economics 2 Topics

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Topic 1.1 – Scarcity and Choice, Scale of Preference, Opportunity Cost

Topic 1.2 – Production, Distribution and Consumption.

Lesson 2: Factors of production 3 Topics | 3 Quizzes

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Topic 2.1 – meaning

GCE Economics Quiz 2.1 – meaning

Topic 2.2 – characteristics

GCE Economics Quiz 2.2 – characteristics

Topic 2.3 – importance

GCE Economics Quiz 2.3 – importance

Lesson 3: Types and Basic Features of Economic Systems 4 Topics | 4 Quizzes

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Topic 3.1 – (a) Types – capitalism, socialism and mixed economy

GCE Economics Quiz 3.1 – (a) Types – capitalism, socialism and mixed economy

Topic 3.2 – (b) Basic features of each

GCE Economics Quiz 3.2 – (b) Basic features of each

Topic 3.3 – (c) Advantages and disadvantages of each

GCE Government Quiz 3.3 – (c) Advantages and disadvantages of each

Topic 3.4 – (d) Economic problems of society and the approaches for solving them under each of the systems.

GCE Government Quiz 3.4 – (d) Economic problems of society and the approaches for solving them under each of the systems.

Lesson 4: Basic Tools of Economic Analysis 3 Topics | 3 Quizzes

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Topic 4.1 – Tables, graphs and charts.

GCE Economics Quiz 4.1 – Tables, graphs and charts.

Topic 4.2 – Some basic statistical measures and representations – arithmetic mean, median, mode

GCE Economics Quiz 4.2 – Some basic statistical measures and representations – arithmetic mean, median, mode

Topic 4.3 – Their simple applications.

GCE Economics Quiz 4.3 – Their simple applications.

Lesson 5. Demand Theory 8 Topics | 8 Quizzes

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Topic 5.1 – Concept of demand and law of demand,

GCE Economics Quiz: 5.1 – Concept of demand and law of demand,

Topic 5.2 – Demand schedules and curve

GCE Economics 5.2 – Demand schedules and curve

Topic 5.3 – Reasons for exceptional demand curves,

GCE Economics Quiz 5.3 – Reasons for exceptional demand curves,

Topic 5.4 – Types of demand (derived, composite, joint and competitive)

GCE Economics Quiz 5.4 – Types of demand (derived, composite, joint and competitive)

Topic 5.5 – Factors determining demand for goods and services

GCE Economics Quiz 5.5 – Factors determining demand for goods and services

Topic 5.6 – Distinction between a shift of and movement along a demand curve;

GCE Economics Quiz 5.6 – Distinction between a shift of and movement along a demand curve.

Topic 5.7 – Concept of elasticity of demand. Types of elasticity of demand and their measurement

GCE Economics Quiz 5.7 – Concept of elasticity of demand. Types of elasticity of demand and their measurement

Topic 5.8 – Price, income and cross elasticities of demand: importance of the concept of elasticity of demand to consumers, producers and government.

GCE Economics Quiz 5.8 – Price, income and cross elasticities of demand: importance of the concept of elasticity of demand to consumers, producers and government.

Lesson 6: Supply Theory 1 Topic | 1 Quiz

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Topic 6.1 – Concept of supply and law of supply

GCE Economics Quiz 6.1 – Concept of supply and law of supply

Lesson 7: Theory of Consumer Behaviour 5 Topics | 5 Quizzes

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Topic 7.1 – The utility concepts-

GCE Economics Quiz 7.1 – The utility concepts-

Topic 7.2 – The law of diminishing marginal utility

GCE Economics Quiz 7.2 – The law of diminishing marginal utility

Topic 7.3 – The concept of equilibrium of a consumer

GCE Economics Quiz 7.3 – The concept of equilibrium of a consumer

Topic 7.4 – The effects of changes in price on consumer equilibrium

GCE Economics Quiz 7.4 – The effects of changes in price on consumer equilibrium

Topic 7.5 – The relationship between marginal utility and the demand curve.

GCE Economics Quiz 7.5 – The relationship between marginal utility and the demand curve.

Lesson 8: Economic Policy and Economic Challenges

Lesson 9: Economic History

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Course Includes

9 Lessons
26 Topics
24 Quizzes

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