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Singapore Year 11
Singapore Curriculum Year 11 Economics
Singapore Curriculum Year 11 Economics
Curriculum
6 Sections
23 Lessons
60 Hours
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Introduction to Economics
10
1.0
The nature and scope of economics
1.1
Basic economic concepts
1.2
Economic systems
1.3
Microeconomics
1.4
Supply and demand
1.5
Elasticity of demand and supply
1.6
Market structures (perfect competition, monopoly, oligopoly)
1.7
Consumer behavior and utility theory
1.8
Production and cost analysis
1.9
Factors of production and resource allocation
Macroeconomics
7
2.0
National income and its measurement (GDP, GNP)
2.1
Economic growth and development
2.2
Inflation and deflation
2.3
Unemployment and its types
2.4
Fiscal policy (government spending and taxation)
2.5
Monetary policy (central banking, money supply)
2.6
International trade and exchange rates
Market Failures and Government Intervention
3
3.0
Externalities and public goods
3.1
Government policies to correct market failures
3.2
Role of government in regulating markets
International Economics
0
Development Economics
0
Economic Policy and Decision-Making
3
6.0
Economic policy objectives (price stability, full employment, economic growth)
6.1
Economic indicators and their significance
6.2
Evaluating economic policy options
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