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Economics

Caribbean Advanced Proficiency Examination . SYLLABUS. Economics . CXC A20/U2/09. Effective for examinations from May June 2010. Published by the Caribbean Examinations Council. Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica Telephone Number: + 1 (876) 630-5200. Facsimile Number: + 1 (876) 967-4972. E-mail Address: Website: Copyright Caribbean Examinations Council (2009). The Garrison, St Michael BB14038, Barbados CXC A20/U2/09. Contents RATIONALE .. 1. AIMS .. 2. SKILLS AND ABILITIES TO BE ASSESSED.

TOPIC 2: Theory of Consumer Demand Students should be able to: 1. explain the concept of utility; 2. explain the law of diminishing marginal utility and the limitation of marginal utility theory; 3. explain the meaning of indifference curves and budget lines; 4. explain consumer equilibrium using the marginal utility approach; 5.

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