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Via Afrika Economics

C. Chaplin Study Guide Via Afrika Economics Grade 10. Contents Introduction to Topic 1 What is Economics ? ..1. Unit 1 Basic concepts .. 2. Unit 2 The methods of Economics .. 4. Unit 3 The settling of Economics within the field .. 6. 7. Topic 2 The basic economic problem .. 9. 9. Unit 1 The problem of scarcity ..10. Unit 2 Production, exchange and Unit 3 Sustainable development and human 15. Topic 3 Circular flow and quantitative Unit 1 The participants in the Unit 2 22. Unit 3 Deriving 24. Unit 4 Deriving gross national 26. Unit 5 Comparing GDP and 28. Topic 4 Business 30. 30. Unit 1 The phenomenon of business Unit 2 Ways of representing business Unit 3 Reasons for business 38. Unit 4 Effects of business Unit 5 Effects on people who are economically 42. 44. Topic 5 The dynamics of 46. 46. Unit 1 The market as a Unit 2 Types of 49. Unit 3 Why prices are important in the 51.

Overview What is Economics? TOPIC 1 Page 1 Economic models and theories – positive and normative statements UNIT 2 Page 4 Economics as a social science –

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