Uchumi

Mada

• Demonstrate mastery of basic concepts, theories and principles in economics

  Mada 9

  • Demonstrate an understanding of the concepts, theories and principles used in economics

    Mada 7

    • Explore the basic tenets of macroeconomics (meaning, scope and goals)→
    • Describe national income (key terms, approaches of measuring, determinants, importance, effect on standard of living and determination of equilibrium)→
    • Describe unemployment (key terms, forms, causes, effects and control measures)→
    • Describe money (key terms, the evolution of money, functions and monetary policies)→
    • Describe inflation (meaning, types, causes, effects and control measures)→
    • Describe public finance (key terms, government revenue and expenditure, public debt and fiscal policy)→
    • Describe international trade (meaning, advantages, disadvantages, terms of trade, balance of payments, absolute and comparative advantage and protectionism)→

  • Demonstrate mastery of economic analysis

    Mada 2

    • Apply macroeconomic theories to explain the state of national and international economies→
    • Apply macroeconomic theories to explain the levels of socio-economic development of nations→

• Conduct a project on Economics

  Mada 1

  • Design and carry out a project on Economics

    Mada 1

    • Complete and submit a report of the project developed in Form Five→