ZIMSEC A-Level Economics Study Guide

About this study guide

This is the ZIMSEC A-Level Economics study guide. It is a free study guide for revision.

More Economics A-Level papers

• Paper 1 Question Paper557 KB
• Study Guide2.4 MB
• Paper 2 Question Paper292 KB
• Notes1.8 MB
• Paper 3 Question Paper20 KB
• Paper 3 Revision Pack546 KB
• Paper 1 Question Paper573 KB
• Paper 3 Specimen Question Paper171 KB

Other years: Economics A-Level

• 2004 Study Guide82 KB
• 2004 Study Guide133 KB
• 2004 Study Guide175 KB
• 2006 Paper 1 June Study Guide3.5 MB
• 2016 Study Guide4.2 MB
• 2020 Paper 3 Study Guide255 KB
• 2020 Paper 3 June Study Guide80 KB
• 2020 Study Guide488 KB

Text from the first page

BRIAN ROPI A LEVEL ECONOMICS QUESTIONS AND ANSWERS

CONTENTS
MICRO ECONOMICS TOPICS
BASIC ECONOMIC PROBLEM
THEORY OF DEMAND AND SUPPLY
MARKET STRUCTURES
MARKET FAILURE
THEORY OF DISTRIBUTION
MACRO ECONOMICS TOPICS
NATIONAL INCOME
INTERNATIONAL TRADE
MONEY
INFLATION
UNEMPLOYMENT
ECONOMIC GROWTH
ECONOMIC DEVELOPMENT
MACRO ECONOMIC POLICIES AND OBJECTIVES

MICRO ECONOMICS TOPICS
BASIC ECONOMIC PROBLEM
1. (a) The basic economic problem is one of scarcity of productive resources.

Explain how resources are allocated between competing uses in a market economy. [10 marks/

Answers may include:
- An explanation of the economic problem in terms of consumer wants being greater than scarce resources.
- an outline of the different productive resources/factors of production
- A description of the characteristics of a market economy, e.g. private capital, limited role of government, consumer sovereignty, etc.

1
THINNK LIKE AN ECONOMIST
(Contact- 0772230130)
ADVANCED LEVEL ECONOMICS