These recommended free e-resources are specifically aligned with the Caribbean Secondary Education Certificate (CSEC) curriculum framework as suggested in the CSEC Economics Syllabus. Resources are provided under each of the following eight general topics of study as recommended by CXC:

 

The Nature of Economics

Production, Economic Resources and Resource Allocation

Demand and Supply

Markets Structure and Market Failure

The Financial Sector

Economic Management: Policies and Goals

International Trade

Caribbean Economies in a Global Environment

 

The syllabus generally aims to:

• Develop an understanding of the essential economic concepts, principles and approaches
• Equip students with the tools needed for economic analysis, thus enabling sound, informed decisions as consumers of goods and services
• Provide students with the foundation to enhance their study in other disciplines that include economic concepts, principles and approaches
• Develop an awareness of basic economic problems; and
• Develop an awareness and appreciation of economic issues peculiar to the region

 

NOTE: Students are introduced to relevant economic concepts and principles that provide the foundation necessary for a proper understanding of how economies work, especially the economies of small states like those in the Caribbean. Students gain critical insights and skills in communicating ideas using the language and tools of the discipline of Economics, as well as a proper foundation for further study in Economics and other Social Science subjects, like History, Politics, Business and International Relations. Further, they receive the basic tools required for an understanding and interpretation of economic phenomena experienced by Caribbean people and for communicating, intelligently and effectively, on economic issues in the region and the wider international community.

 

TOPIC 1. THE NATURE OF ECONOMICS

 

SUB TOPIC 1. ECONOMICS DEFINED

WEBSITE

• What is Economics?

https://www.econlib.org/library/Topics/College/whatiseconomics.html

• What is Economics?

https://www.businessnewsdaily.com/2639-economics.html

• The Nature of Economics

https://www.economicsonline.co.uk/Competitive_markets/What_is_economics.html

• The Study of Economics

https://courses.lumenlearning.com/boundless-economics/chapter/the-study-of-economics/

• Economics as a Social Science (With Diagram)

https://www.economicsdiscussion.net/economics-2/social-science/economics-as-a-social-science-with-diagram/12264

VIDEO

• Basic Economics

https://www.youtube.com/watch?v=dQiBD-crrvA

PDF

• What kind of Social Science is Economics?

https://drodrik.scholar.harvard.edu/files/dani-rodrik/files/what-kind-of-social-science-is-economics.pdf

• Economics as a Social Science

https://www.pearsonschoolsandfecolleges.co.uk/Secondary/BusinessAndEconomics/16plus/EdexcelASandALevelEconomics/Samples/AS-and-A-level-Economics-sample-Units/Sample-Unit-1-Economics-as-a-social-science.pdf

 

SUB TOPIC 2. BRANCHES OF ECONOMICS

WEBSITE

• Microeconomics

https://www.investopedia.com/terms/m/microeconomics.asp

• What is Microeconomics: Definition and Concepts

https://study.com/academy/lesson/what-is-microeconomics-definition-topics.html

• Introduction to Microeconomics

https://www.accaglobal.com/in/en/student/exam-support-resources/fundamentals-exams-study-resources/f1/technical-articles/introduction-to-microeconomics.html

• Principles of Economics. 1.2. Microeconomics and Macroeconomics

https://opentextbc.ca/principlesofeconomics/chapter/1-2-microeconomics-and-macroeconomics/

• Macroeconomics

https://www.investopedia.com/terms/m/macroeconomics.asp

• What is Macroeconomics: Definition and Principles

https://study.com/academy/lesson/what-is-macroeconomics-definition-principles-quiz.html

• Differences between Macroeconomics and Microeconomics

https://courses.lumenlearning.com/boundless-economics/chapter/differences-between-macroeconomics-and-microeconomics/

• What is ‘Macroeconomics’?

https://www.ecnmy.org/learn/you/you-the-economist/what-is-macroeconomics/

E-NEWSPAPER

• Definition of Microeconomics

https://economictimes.indiatimes.com/definition/microeconomics

• Definition of Macroeconomics

https://economictimes.indiatimes.com/definition/macroeconomics

VIDEO

• What is Microeconomics?

https://www.youtube.com/watch?v=kE4UT5iIbJo

• Microeconomics: Everything you need to know

https://www.youtube.com/watch?v=1UxA6JzoT-4

• Micro Unit 1. Summary: Basic Economic Concepts

https://www.youtube.com/watch?v=2izx5W1FAEU

• What is Macroeconomics?

https://www.youtube.com/watch?v=U56mZf1GxPI

• What is Macroeconomics?

https://www.youtube.com/watch?v=b-ud7xU0cDA

 

SUB TOPIC 3. DEFINITION OF ECONOMY

VIDEO

• What is an economy? Definition & Types

https://study.com/academy/lesson/what-is-economy-definition-types-quiz.html

• Meaning of Economy and Definition of Economy        

https://www.youtube.com/watch?v=CpjbsBQzXFs

• Economic Sectors: Primary, Secondary & Tertiary

https://study.com/academy/lesson/economic-sectors-primary-secondary-tertiary.html

• Economic Sectors

https://www.youtube.com/watch?v=_qz5NS4iDVs

• As Economics: The Market Mechanism

https://www.youtube.com/watch?v=CKJWS7QUs_E

• What is Market Mechanism? Market Mechanism: Definition and Meaning

https://www.youtube.com/watch?v=mRFvImtodGc

WEBSITE

• What are some examples of Free Market Economies?                               

https://tinyurl.com/tweu7ak

• Mixed Economy with pro’s, cons and examples

https://www.thebalance.com/mixed-economy-definition-pros-cons-examples-3305594

• What is an Economy?

https://www.investopedia.com/terms/e/economy.asp

• What is Economy? Definition and Types

https://study.com/academy/lesson/what-is-economy-definition-types-quiz.html

• Introduction to Economic Systems

https://courses.lumenlearning.com/boundless-business/chapter/introduction-to-economic-systems/

• Introduction to Economics. Economic Systems

https://www.intelligenteconomist.com/economic-systems/

• Types of Economies

https://www.toppr.com/guides/economics/indian-economy-1950-1990/types-of-economies/

• Economic Systems: Definition, Types and Examples

https://study.com/academy/lesson/economic-systems-definition-types-examples.html

• Market Mechanism in Economics: Examples and Graphs

https://www.economicsdiscussion.net/market/market-mechanism/market-mechanism-in-economics-examples-and-graphs/31427

• Top 6 Strengths of the Market Mechanism Price System

https://www.economicsdiscussion.net/price/price-system/top-6-strengths-of-the-market-mechanism-price-system/16644

• Advantages and Disadvantages of the Market System

http://www.economicsguide.me/?page_id=373

• Introduction to Economics. Free Market

https://www.intelligenteconomist.com/free-market/

• Functions of the Price Mechanism Explained

https://www.tutor2u.net/economics/reference/functions-of-the-price-mechanism

POWERPOINT

• Main sectors of an Economy

https://www.slideshare.net/SandreaButcher/main-sectors-of-an-economy

PDF

• Key Economic Sectors and services

https://www.ipcc.ch/site/assets/uploads/2018/02/WGIIAR5-Chap10_FINAL.pdf

 

SUB TOPIC 4. ECONOMIC AGENTS IN AN ECONOMY

POWERPOINT

• Lecture 1. Economic Problem, Economic Agents, Types of Economic Analysis [SLIDES]

https://www.slideshare.net/sairamushtaq786/lecture1-economic-problem-economic-agents-types-of-economic-analysis

WEBSITE

• Economic Agents: Types and Role

https://study.com/academy/lesson/economic-agents-types-roles.html         

• Economic Agents

https://www.apb.pt/financial_system/economic_agents

• Economic Decision Makers: Households, Firms, Governments and the rest of the World

http://business.baylor.edu/Tom_kelly/2307ch4.htm

VIDEO

• Learn High School Economics. The Nature of Economics: Decisions of Economics Agents

https://www.youtube.com/watch?v=ItykzNE4QFg

PDF

• Macroeconomics: an Introduction. Chapter 1. An Overview of Economics

http://faculty.washington.edu/cnelson/Chap01.pdf

• The Principles and Practice of Economics

https://www.pearsonhighered.com/acemoglu-econ/assets/pdf/acemoglu-ch01.pdf

 

SUB TOPIC 5. CONCEPTS OF SCARCITY, CHOICE & OPPORTUNITY COSTS, EFFICIENCY & INEFFICIENCY, FREE GOODS AND ECONOMIC GOODS

 

SCARCITY

WEBSITE

• Understanding Scarcity/ Examples of Scarcity

https://examples.yourdictionary.com/examples-of-scarcity.html

• What is Scarcity?

https://corporatefinanceinstitute.com/resources/knowledge/economics/scarcity/

• Scarcity in Economics

https://www.economicshelp.org/blog/586/markets/scarcity-in-economics/

• Understanding Economics and Scarcity

https://courses.lumenlearning.com/wm-microeconomics/chapter/understanding-economics-and-scarcity/

• Scarcity: Definitions

https://www.economicsonline.co.uk/Definitions/Scarcity.html

• Scarcity, Opportunity Costs and basic Economics Questions

http://courses.missouristate.edu/reedolsen/courses/ECO165/Notes/scarce.htm

VIDEO

• Shortage & Scarcity in Economics: Definition, causes and examples

https://tinyurl.com/y3mgtfry

• Scarcity: scarce resources vs. free resources

https://tinyurl.com/y2fpd7c7

• What is scarcity?

https://www.youtube.com/watch?v=zcN0d8foBXI

• Scarcity

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/introduction-to-the-economic-way-of-thinking-macro/v/scarcity

• Scarcity in Economics: Definition

https://www.youtube.com/watch?v=-A916v81lYQ

 

CHOICE

VIDEO

• Economic Scarcity and the Function of Choice

https://tinyurl.com/y9jxkyfw

• Why can’t we have everything we want? Scarcity and Choice

https://www.youtube.com/watch?v=-0od0t45oeY

• Economic Scarcity and Function of Choice

https://study.com/academy/lesson/economic-scarcity-and-the-function-of-choice.html

WEBSITE

• Choice in Economics

https://tinyurl.com/yd2aukxl

• The Role of Choice in Economics

https://bizfluent.com/about-5398568-role-choice-economics.html

• Scarcity and Choice as Economic Problems (with diagram)

https://tinyurl.com/yb7w2zj7

• Definitions: Choice

https://www.economicsonline.co.uk/Definitions/Choice.html

• Opportunity Cost, Scarcity and Choice

https://www.philadelphiafed.org/education/teachers/publications/intersections/2006/spring/opportunity-cost

• Lesson Summary: Scarcity, Choice and Opportunity Cost

https://www.khanacademy.org/economics-finance-domain/microeconomics/basic-economic-concepts-gen-micro/economics-introduction/a/lesson-overview-scarcity-choice-and-opportunity-cost

E-BOOK

• Principles of Microeconomics. Chapter 1. Economics: the Study of Choice

https://saylordotorg.github.io/text_principles-of-microeconomics-v2.0/s04-economics-the-study-of-choice.html

 

OPPORTUNITY COST

WEBSITE

• What is opportunity cost?

https://www.investopedia.com/terms/o/opportunitycost.asp

• Opportunity Cost definition                                                                                      

https://www.economicshelp.org/blog/2177/economics/opportunity-cost-definition/

• Meaning of Opportunity cost and its economic significance

https://tinyurl.com/y9zv5tco

• Opportunity Cost

https://www.investopedia.com/terms/o/opportunitycost.asp

• Reading: The Concept of Opportunity Cost

https://courses.lumenlearning.com/suny-microeconomics/chapter/reading-the-concept-of-opportunity-cost/

• Opportunity Cost

https://www.econlib.org/library/Enc/OpportunityCost.html

• Understanding the Concept of Opportunity Costs

https://www.tutorhunt.com/resource/21204/

• What is the Difference between Money Cost and Opportunity Cost?

https://tinyurl.com/yd5f3jgp

VIDEO

• Opportunity Cost

https://www.tutor2u.net/economics/reference/opportunity-cost

 

EFFICIENCY AND INEFFICIENCY

WEBSITE

• Economic Efficiency

https://www.investopedia.com/terms/e/economic_efficiency.asp

• Efficiency: Definition

https://www.investopedia.com/terms/e/efficiency.asp

• Economic Efficiency

https://www.economicshelp.org/microessays/costs/efficiency/      

• Efficiency

https://www.econlib.org/library/Enc/Efficiency.html

• Efficiency

https://www.economicsonline.co.uk/Business_economics/Efficiency.html

• Economic Efficiency

https://www.tutor2u.net/economics/reference/economic-efficiency

• Inefficiency

https://www.economicsonline.co.uk/Market_failures/Inefficiency.html

• Economic Inefficiency

http://www.businessdictionary.com/definition/economic-inefficiency.html

VIDEO

• Economic Efficiency: Definition & Examples

https://study.com/academy/lesson/economic-efficiency-definition-examples.html

E-BOOK

• Principles of microeconomics. Chapter 2.1 Economic Efficiency

https://pressbooks.bccampus.ca/uvicecon103/chapter/2-1-economic-efficiency/

 

FREE GOODS AND ECONOMIC GOODS

WEBSITE

• Definition of a Free Good

https://www.economicshelp.org/blog/2844/economics/definition-of-a-free-good/

 

• Private, Public and Free Goods Defined

https://www.economicshelp.org/blog/2104/economics/private-public-and-free-goods-defined/

• Free Good

http://www.businessdictionary.com/definition/free-good.html

• Free Good

https://www.tutor2u.net/economics/topics/free-goods

• What is the Difference between Free Goods and Economic Goods?

https://www.quora.com/What-is-the-difference-between-free-goods-and-economic-goods

• Economic Goods: Definition and Examples

https://www.economicshelp.org/blog/11226/concepts/economic-goods-definition-and-examples/

• Economic Goods

http://www.businessdictionary.com/definition/economic-goods.html

• 3 Main Types of Goods: Economics

https://www.economicsdiscussion.net/goods/3-main-types-of-goods-economics/18131

• What are Economic Goods? What are some Examples?

https://www.quora.com/What-are-economic-goods-What-are-some-examples

• What are the Differences between Free and Economic Goods Under Scarcity?

https://study.com/academy/answer/what-are-the-differences-between-free-and-economic-goods-under-scarcity.html

• What is money cost in Economics?

            https://newsandstory.com/story/smkdvnr/What-is-Money-Cost-in-Economics-/

 

SUB TOPIC 6. BASIC ECONOMIC CONCEPTS, PRINCIPLES, APPROACHES

 

PRODUCTION POSSIBILITY CURVE

WEBSITE

• What is the Production Possibility Frontier (PPF)?

https://www.investopedia.com/terms/p/productionpossibilityfrontier.asp

• Production Possibilities Curve and What it Shows

https://tinyurl.com/ybbxvppp

VIDEO

• Production Possibilities Curve Review       

https://www.youtube.com/watch?v=O6XL__2CDPU

• Production Possibilities Frontier              

https://www.youtube.com/watch?v=_7VHfuWV-Qg

• Scarcity, opportunity cost, Trade-offs & the Production Possibilities Curve

https://www.youtube.com/watch?v=lY8Lk2hB0qY

• Production Possibilities Curve as a Model of a Country’s Economy

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/production-possibilities-curve-scarcity-choice-and-opportunity-cost-macro/v/production-possibilities-curve

• Production Possibilities Curve

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/production-possibilities-curve-scarcity-choice-and-opportunity-cost-macro/v/production-possibilities-frontier

 

SUB TOPIC 7. FACTORS AFFECTING ECONOMIC DECISIONS OF ECONOMIC AGENTS

 

INDIVIDUALS ECONOMIC DECISIONS

WEBSITE

• Basic factors of decision making

https://smallbusiness.chron.com/basic-factors-economic-decision-making-3944.html      

• Individual decision making

https://tinyurl.com/y8ntz4sz

• Economic decision making: Definition

http://www.businessdictionary.com/definition/economic-decision-making.html

 

FIRMS ECONOMIC DECISIONS

WEBSITE

• Making Economical business decisions

https://study.com/academy/lesson/how-microeconomic-principles-affect-business-decisions.html

• How Business and Economics works

https://opentextbc.ca/businessopenstax/chapter/how-business-and-economics-work/

• The Economy of the Firm

https://www.bbvaopenmind.com/en/articles/the-economy-of-the-firm/

 

TOPIC 2. PRODUCTION, ECONOMIC RESOURCES AND RESOURCE ALLOCATION

 

SUB TOPIC 1. DEFINITION OF PRODUCTION

WEBSITE

• Production: Meaning, Definition, Types and Factors

https://tinyurl.com/y9frd2q4

• Production: Definition

http://www.businessdictionary.com/definition/production.html

• Productivity: Definition

https://www.economicsonline.co.uk/Definitions/Productivity.html

• Productivity

https://www.britannica.com/topic/productivity

• Difference between Production and Productivity

https://keydifferences.com/difference-between-production-and-productivity.html

• Difference between Production and Productivity

https://www.enotes.com/homework-help/distinguish-between-productivity-production-77053

VIDEO

• Distinguishing between Production and Productivity

https://www.tutor2u.net/economics/reference/distinguishing-between-production-and-productivity

• Distinguish between Production and Productivity

https://www.youtube.com/watch?v=KJsKzDKsi7Q

PDF

• Defining and Measuring Productivity

https://www.oecd.org/sdd/productivity-stats/40526851.pdf

• POWERPOINT

Production and Productivity [SLIDES]

https://www.slideshare.net/vishalbarasara3/production-and-productivity

 

SUB TOPIC 2. DESCRIBE THE FACTORS OF PRODUCTION  

WEBSITE

• Factors of Production 

https://www.intelligenteconomist.com/factors-of-production/

• Factors of Production, the four Types, and Who Owns Them

https://tinyurl.com/y8gox2ew           

• Four Factors of Production: Land, Labour, Capital & Entrepreneurship

https://tinyurl.com/yaj37foz

• Introduction to Economics. Factors of Production

https://www.intelligenteconomist.com/factors-of-production/

• Factors of Production-Land

https://www.toppr.com/guides/business-economics/theory-of-production-and-cost/factors-of-production-land/

• Factors of Production-Labour

https://www.toppr.com/guides/business-economics/theory-of-production-and-cost/factors-of-production-labour/

• Land in Economics: Notes, Characteristics, Functions, Importance and Productivity

https://www.economicsdiscussion.net/land/land-in-economics-notes-characteristics-functions-importance-and-productivity/31125

• Labour, One of the Four Factors of Production

https://www.thebalance.com/labor-definition-types-and-how-it-affects-the-economy-3305859

• Top 14 Characteristics of Labour

https://www.economicsdiscussion.net/labour/characteristics/top-14-characteristics-of-labour/13747

• Capital as a Factor of Production

https://www.investopedia.com/ask/answers/051115/what-capital-relation-factors-production.asp

• Capital as a Factor of Production: Meaning and Definition

https://economicsconcepts.com/capital_as_a_factor_of_production.htm

• Factors of Production: Entrepreneur

https://www.toppr.com/guides/business-economics/theory-of-production-and-cost/factors-of-production-entrepreneur/

• Entrepreneur as a Factor of Production

https://economicsconcepts.com/enterpreneur_as_a_factor_of_production.htm

• Division of Labour

https://www.economicshelp.org/blog/glossary/division-of-labour/

• Division of Labour

https://www.econlib.org/library/Enc/DivisionofLabor.html

• Division of Labour: Meanings, Forms and Advantages

https://www.economicsdiscussion.net/labour/division-of-labour/division-of-labour-meaning-forms-and-advantages-economics/13757

• Specialisation and Division of Labour

http://www.economicsguide.me/?page_id=1736

• Division of Labour and Specialisation

https://courses.lumenlearning.com/wm-introductiontobusiness/chapter/division-of-labor-and-specialization/

• Division of Labour and Specialisation

https://www.econlib.org/library/Topics/HighSchool/DivisionofLaborSpecialization.html

• Factors of Production and their rewards

http://www.economaldives.net/2017/01/factors-of-production-and-their-rewards.html

• Public Enterprises: Definitions and Characteristics of Public Enterprises

http://www.yourarticlelibrary.com/enterprises/public-enterprises-definitions-and-characteristics-of-public-enterprises/42067

• What is a Private Enterprise?

https://www.myaccountingcourse.com/accounting-dictionary/private-enterprise

• What is the Private Sector?

https://www.investopedia.com/terms/p/private-sector.asp

• What are the Features of Private sector Enterprises?

https://www.quora.com/What-are-the-features-of-private-sector-enterprises

INTERACTIVE

• Factors of Production

https://www.tutor2u.net/economics/reference/factors-of-production

• Four Factors of Production: Land, Labour, Capital and Entrepreneurship

https://study.com/academy/lesson/four-factors-of-production-land-labor-capital-entrepreneurship.html

• Factors of Production: The Economic Lowdown Podcast Series, Episode 2

https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production

• Public Enterprise: Definition, Examples, Diagram

https://www.toppr.com/content/concept/public-enterprise-202479/

VIDEO

• Factors of Production (Resources)

https://www.youtube.com/watch?v=VZD7dTSHmIo

• Factors of Production

https://courses.lumenlearning.com/wmopen-introbusiness/chapter/factors-of-production-2/

• Rewards to the factors of production

https://www.youtube.com/watch?v=ord4GW7Qhp4

• Difference between factor inputs and factor rewards

https://www.youtube.com/watch?v=nJ4ntB2e4eU

• Public Enterprises and their Structures

https://www.toppr.com/guides/business-environment/scales-of-business/public-enterprises-and-their-structures/

 

SUB TOPIC 3. MAIN SECTORS IN THE ECONONY

WEBSITE

• Primary Sector of the Economy

https://www.economicshelp.org/concepts/primary-sector/

• The 5 Sectors of the Economy

https://www.thoughtco.com/sectors-of-the-economy-1435795

• Primary Sector: Definition

http://www.businessdictionary.com/definition/primary-sector.html

• What is Primary and Secondary Sector?

https://www.quora.com/What-is-a-primary-and-secondary-sector

• Primary, Secondary and Tertiary Sectors

https://www.bbc.co.uk/bitesize/guides/zrvb9j6/revision/3

• What are Primary, Secondary and Tertiary Economic Sectors?

https://bizfluent.com/info-8564100-primary-secondary-tertiary-sectors.html

• Sectors of the Economy

https://www.economicshelp.org/blog/12436/concepts/sectors-economy/

INTERACTIVE

• The Modern Economy: Primary, Secondary and Tertiary Sectors

https://study.com/academy/lesson/the-modern-economy-primary-secondary-tertiary-sectors.html

 

SUB TOPIC 4. DIFFERENCE BETWEEN SHORT RUN AND LONG RUN

WEBSITE

• Short Run

https://www.investopedia.com/terms/s/shortrun.asp

• The Short Run and the Long Run in Economics

https://www.thoughtco.com/the-short-run-versus-the-long-run-1147826

• The Short Run vs The Long Run in Microeconomics

https://www.thoughtco.com/the-short-run-vs-long-run-1146343

• Short Run, Long Run, Very Long Run

https://www.economicshelp.org/blog/glossary/short-run-long-run-very-long-run/

VIDEO

• The Short Run versus the Long Run

https://www.youtube.com/watch?v=z6_ZOcxRU6M

• Explaining the Short Run and the Long Run in Economics

https://www.youtube.com/watch?v=j9CNW_izlJE

 

SUB TOPIC 5. COSTS OF PRODUCTION

WEBSITE

• Costs of Production

https://www.economicshelp.org/blog/glossary/costs-of-production/

• Production Cost: Meaning and Definition

https://www.readyratios.com/reference/accounting/production_cost.html

• Types of costs of production

https://quickonomics.com/types-of-costs-of-production/

• What is Cost of Production?

https://corporatefinanceinstitute.com/resources/knowledge/finance/cost-of-production/

• 8 Main Types of Costs involved in Cost of Production and Revenue (With Diagram)

https://www.economicsdiscussion.net/production/cost-of-production/8-main-types-of-costs-involved-in-cost-of-production-and-revenue-with-diagram/13829

• Production Cost: Different Types of Costs of Production

http://www.yourarticlelibrary.com/economics/production-cost-different-types-of-costs-of-production/32823

• Division of Labour: Definition                                               

https://www.economicshelp.org/blog/glossary/division-of-labour/

• Division of labour

https://www.britannica.com/topic/division-of-labour

• What are the Advantages and Disadvantages of Labour?

https://tinyurl.com/y9qx6sgb

• Division of Labour: Meaning, Advantages and Disadvantages

https://tinyurl.com/ybm8lyyw

• Division of Labour: Meaning, Forms, Merits, Demerits and Division

https://tinyurl.com/y7asuyaa

 

SUB TOPIC 6. CALCULATE: COSTS ASSOCIATED WITH PRODUCTION

WEBSITE

• Production Cost

https://www.readyratios.com/reference/accounting/production_cost.html

POWERPOINT

• Costs of Production [SLIDE]

https://www.slideshare.net/SabihKamran/costs-of-production-micro-economics-eco101

• The Costs of Production [SLIDE]

https://slideplayer.com/slide/5231047/

• Chapter 6. Cost of Production [SLIDE]

https://slideplayer.com/slide/6062800/

• Production and Cost [SLIDE]

https://www.slideshare.net/CandelaContent/production-and-cost-50530759

 

SUB TOPIC 7. ILLUSTRATION OF COST OF PRODUCTION CURVES

WEBSITE

• Cost of Production

https://www.economicsonline.co.uk/Business_economics/Costs.html

• Production Costs

https://courses.lumenlearning.com/boundless-economics/chapter/production-cost/

• Diagrams of Cost Curves

https://www.economicshelp.org/blog/189/economics/diagrams-of-cost-curves/

INTERACTIVE

• Average Costs and Curves

https://courses.lumenlearning.com/wm-microeconomics/chapter/average-costs-and-curves/

 

SUB TOPIC 8. DIFFERENCE BETWEEN GOODS AND SERVICES

WEBSITE

• Economic Goods – Definition and Examples

https://tinyurl.com/y8b5uc5p

• Three Main Types of Goods          

https://www.economicsdiscussion.net/goods/3-main-types-of-goods-economics/18131

• Economic Goods: Definition

http://www.businessdictionary.com/definition/economic-goods.html

• Service: Definition

http://www.investorwords.com/6664/service.html

• Difference between Goods and Services

https://keydifferences.com/difference-between-goods-and-services.html

• Difference between Goods and Services

https://www.marketing91.com/difference-between-goods-and-services/

 

SUB TOPIC 9. EXPLAIN THE CONCEPT OF RESOURCE ALLOCATION

WEBSITE

• Allocation of Resources

https://www.britannica.com/topic/allocation-of-resources

• Resource Allocation

https://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=resource+allocation

 

SUB TOPIC 10. TYPES OF ECONOMIC SYSTEMS

WEBSITE

• Economic Systems

https://www.intelligenteconomist.com/economic-systems/

• Economic Systems

https://corporatefinanceinstitute.com/resources/knowledge/economics/economic-system/

• What is an Economic System?

https://tinyurl.com/ycg9xgml

• Types of Economic Systems

https://www.wallstreetmojo.com/types-of-economic-systems/

• The Four Types of Economics Systems

https://www.cleverism.com/types-of-economic-systems/

• The Four Types of Economic Systems

https://quickonomics.com/four-types-economic-systems/

• Understanding the Four Types of Economic Systems

https://medium.com/@DuomoInitiative/understanding-the-four-types-of-economic-systems-2e03d47c864a

 

SUB TOPIC 11. MERITS AND DEMERITS OF ECONOMIC SYSTEMS

WEBSITE

• Merits and Demerits of Mixed Economy

 https://tinyurl.com/ybaeauc9

• Advantages and Disadvantages of Different Economic Systems

https://tinyurl.com/y8xns4an

POWERPOINT

• Merits and Demerits of Economic Systems [SLIDES]

https://www.slideshare.net/SandreaButcher/merits-and-demerits-of-economic-systems

• Characteristics, Advantages and Disadvantages of Economic Systems [SLIDES]

https://www.slideshare.net/dineonkawane95/dineo-nkawane

INTERACTIVE

• Quizlet: Advantages and Disadvantages of Economic Systems

https://quizlet.com/47397245/advantages-and-disadvantages-of-economic-systems-flash-cards/

 

SUB TOPIC 12. FIRMS IN DIFFERENT MARKET STRUCTURES

VIDEO

• Free Enterprise Economy: Definition & Examples

https://tinyurl.com/y7o765on

• Explain a Free Enterprise Economic System

https://smallbusiness.chron.com/explain-enterprise-economic-system-1520.html

WEBSITE        

• Types of Business Organizations

 http://economics-igcse.weebly.com/-types-of-business-organisations.html

• Types of Business Organization

https://studyfinance.com/types-of-business-organization/

PDF

• Types of Business Organizations

http://eeedrmcet.zohosites.com/files/IV%20Year/SEM%207/POM/POM_L9.pdf

 

SUB TOPIC 13. ECONOMIES AND DISECONOMIES OF SCALE

WEBSITE

• Economies of Scale

https://www.thebalance.com/economies-of-scale-3305926

• What are Economies of Scale?

https://www.investopedia.com/insights/what-are-economies-of-scale/

• Types of Economies used in Large Scale Production: Internal and External

https://tinyurl.com/yd6t7mh2

• What are Diseconomies of Scale?

https://www.investopedia.com/terms/d/diseconomiesofscale.asp

• Diseconomies of Scale

https://www.economicsonline.co.uk/Business_economics/Diseconomies_of_scale.html

• Economies and Diseconomies of Scale

http://textbook.stpauls.br/Business_Organization/page_108.htm

VIDEO

• Diseconomies of Scale

https://www.tutor2u.net/economics/reference/diseconomies-of-scale

• Economies and Diseconomies of Scale

https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/production-cost-and-the-perfect-competition-model-temporary/33-long-run-p/v/economies-and-diseconomies-of-scale

• Y26. Economies and Diseconomies of Scale

https://www.youtube.com/watch?v=fXSL39eKksA

 

TOPIC 3. DEMAND AND SUPPLY

 

SUB TOPIC 1. THE MARKET CONCEPT

WEBSITE

• Market

https://www.britannica.com/topic/market

• What is a Market?

https://www.investopedia.com/terms/m/market.asp

• Market: Meaning, Definition and Features

https://tinyurl.com/yahyyb5j

• Market: Economics

https://www.britannica.com/topic/market

• Market: Definitions

https://www.economicsonline.co.uk/Definitions/Market.html

• Market: meaning, Definition and Features

https://www.economicsdiscussion.net/market/market-meaning-definition-and-features-economics/13765

• The Market Economy: It’s Characteristics, Pros and Cons with Examples

https://www.thebalance.com/market-economy-characteristics-examples-pros-cons-3305586

 

SUB TOPIC 2. MARKET FORCES

WEBSITE

• Market Forces

https://www.tutor2u.net/economics/topics/market-forces

• What are Market Forces? Definition and Meaning

https://marketbusinessnews.com/financial-glossary/market-forces/

• Supply and Demand

https://www.britannica.com/topic/supply-and-demand

• Supply: Definitions

https://www.economicsonline.co.uk/Definitions/Supply.html

• What is Demand?                                    

https://www.investopedia.com/terms/d/demand.asp

• Demand

https://staffwww.fullcoll.edu/fchan/macro/1demand.htm  

• Price: Definitions

https://www.economicsonline.co.uk/Definitions/Price.html

• Price

https://www.britannica.com/topic/price-economics

• What is the Relationship between Price and Quantity Supplied?

https://www.quora.com/What-is-the-relationship-between-price-and-quantity-supplied

E-BOOK

• Duffka School of Economics. Determinants of Supply and Demand (Chapter 5.)

http://www.duffka.com/the-nature-and-function-of-product-markets/determinants-of-supply-and-demand

PDF

• Determinants of Demand; Determinants of Supply

http://www.occc.edu/machiorlatti/Micro/Micro%20Handouts/determinants%20of%20S%20and%20D.pdf

VIDEO

• What are Market Forces?

https://www.youtube.com/watch?v=8q52xPL6ZI0

• Market Forces of Supply and Demand

https://www.youtube.com/watch?v=S_yIsK3NmSs

• Supply in Economics: Definition and Factors

https://study.com/academy/lesson/supply-in-economics-definition-factors-quiz.html

• The Relationship between Price and Quantity

https://tinyurl.com/yay6e72o

• Demand and Supply explained. Macro-Topic 1.4

https://www.youtube.com/watch?v=LwLh6ax0zTE

• Demand and Supply explained. Part 2. Macro Topic 1.5

https://www.youtube.com/watch?v=ewPNugIqCUM

• Supply and Demand in Equilibrium

https://www.youtube.com/watch?v=zPQyInnqvrI

• Pricing in a Free Market Economy

https://www.youtube.com/watch?v=PSfqxg6DaUU

 

SUB TOPIC 3. DEMAND CURVE AND SUPPLY CURVE

WEBSITE

• What is the Demand Curve?

https://www.investopedia.com/terms/d/demand-curve.asp

• The Demand Curve and how it works

 https://tinyurl.com/yb4rx499

• Supply Curve

 https://www.britannica.com/topic/supply-curve

• What is a Supply Curve?

https://www.investopedia.com/terms/s/supply-curve.asp

• How does the Law of Supply and Demand affect Prices?

https://www.investopedia.com/ask/answers/033115/how-does-law-supply-and-demand-affect-prices.asp

• Law of Supply, Law of Demand

https://econprojectsd.weebly.com/law-of-supply-and-law-of-demand.html

VIDEO

• Laws of Demand and Supply

https://www.youtube.com/watch?v=lyACwD6NPbU

PDF

• Supply and Demand Conditions

https://www.ferc.gov/legal/maj-ord-reg/land-docs/section2.PDF

• Demand and Supply Analysis: Introduction

https://tinyurl.com/yae7h3rz

• Chapter 2: Demand and Supply Analysis

https://ibs.colorado.edu/barham/courses/econ3070/Chapter2_2018.pdf

 

SUB TOPIC 4. CONCEPT OF CETERIS PARIBUS

WEBSITE

• What is Ceteris Paribus?

https://www.investopedia.com/terms/c/ceterisparibus.asp

• Definition of Ceteris Paribus

 https://www.economicshelp.org/blog/glossary/ceteris-paribus/

VIDEO

• What does the phrase Ceteris Paribus mean?

https://www.youtube.com/watch?v=cEDo2guB6rY

 

SUB TOPIC 5. MARKET EQUILIBRIUM AND DISEQUILIBRIUM

WEBSITE

• Market Equilibrium in Economics: Definition & Examples

https://tinyurl.com/yc7ebj8p

VIDEO

• Market Equilibrium

https://tinyurl.com/yas28rdj

• Changes in Market Equilibrium

https://tinyurl.com/y2jrg935

• Pricing in a Free-Market Economy

https://www.youtube.com/watch?v=PSfqxg6DaUU

 

SUB TOPIC 6. MARKET EQUILIBRIUM ILLUSTRATED

WEBSITE

• Market Equilibrium

https://xplaind.com/569819/market-equilibrium

• Equilibrium, Price, and Quantity

https://tinyurl.com/ycrotj5c

• Equilibrium

https://www.economicsonline.co.uk/Competitive_markets/Market_equilibrium.html

 

SUB TOPIC 7. NON-PRICE DETERMINANTS OF DEMAND AND SUPPLY

WEBSITE

• Non-Price Determinants of Demand and Supply

http://econbyreyrey.blogspot.com/2015/10/non-price-determinants-supply-demand.html

• What are the Non-Price Determinants of Demand?

https://study.com/academy/answer/what-are-non-price-determinants-of-demand.html

• Demand: Non-Price Determinants

https://www.economicsonline.co.uk/Competitive_markets/Demand_non-price-determinants.html

• Supply and Demand

https://www.britannica.com/topic/supply-and-demand

VIDEO

• Non-Price Determinants of Supply

https://www.youtube.com/watch?v=TbsMbUPAseQ

POWERPOINT

• Theory of Demand and Supply: Illustration on Non-Price determinants

https://www.slideshare.net/FaithMartin12/illustration-of-non-price-determinants

E-BOOK

• 3.5. Other Determinants of Supply

https://pressbooks.bccampus.ca/uvicecon103/chapter/other-determinants-of-supply/

• 3.3. Other Determinants of Demand

https://pressbooks.bccampus.ca/uvicecon103/chapter/3-3-other-determinants-of-demand/

 

SUB TOPIC 8. PRICE EQUILIBRIUM OF DEMAND AND SUPPLY ILLUSTRATED

E-BOOK

• Principles of Economics. Demand, Supply and Equilibrium in Markets for Goods and Services

https://opentextbc.ca/principlesofeconomics/chapter/3-1-demand-supply-and-equilibrium-in-markets-for-goods-and-services/

• Principles of Economics. 3.3. Demand, Supply and Equilibrium

https://open.lib.umn.edu/principleseconomics/chapter/3-3-demand-supply-and-equilibrium/

WEBSITE

• Guide to Supply and Demand Equilibrium

https://www.thoughtco.com/supply-and-demand-equilibrium-1147700

• Diagrams for Supply and Demand

https://www.economicshelp.org/blog/1811/markets/diagrams-for-supply-and-demand/

• Changes in Equilibrium, Price and Quantity: the Four Step Process

https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/a/changes-in-equilibrium-price-and-quantity-the-four-step-process-cnx

 

SUB TOPIC 9. PRICE AND CROSS ELASTICITY OF DEMAND AND SUPPLY

WEBSITE

• Cross Elasticity of Demand

https://www.investopedia.com/terms/c/cross-elasticity-demand.asp

• Cross Elasticity of Demand

https://www.economicshelp.org/microessays/equilibrium/cross-elasticity-demand/

• Income Elasticity, Cross-price Elasticity and other types of Elasticities

https://courses.lumenlearning.com/economics2e-demo/chapter/income-elasticity-cross-price-elasticity-other-types-of-elasticities/

• What is Price Elasticity of Demand?

https://www.investopedia.com/terms/p/priceelasticity.asp

• Explaining Price Elasticity of Demand

https://www.tutor2u.net/economics/reference/price-elasticity-of-demand

• Elastic Demand with its Formula, Curve, and Examples

https://www.thebalance.com/elastic-demand-definition-formula-curve-examples-3305836

PDF

• Cross-Price Elasticity of Demand and Supply and Income Elasticity of Demand

https://faculty1.coloradocollege.edu/~Afenn/web/elasticity.pdf

INTERACTIVE

• Cross Price Elasticity of Demand

https://www.tutor2u.net/economics/reference/cross-price-elasticity-of-demand

• 9 Major Factors which affects the Elasticity of Demand of a Commodity

https://tinyurl.com/yasvebdl

VIDEO

• Introduction to Price Elasticity of Demand

https://tinyurl.com/y6ngaekx

• Factors affecting Price Elasticity of Demand

https://www.youtube.com/watch?v=9fZXWr7wXUM

• Determinants of Price Elasticity of Demand

https://tinyurl.com/y8hlwtto

 

SUB TOPIC 10. CALCULATE PRICE, INCOME AND CROSS-PRICE ELASTICITIES OF DEMAND

INTERACTIVE

• Price Elasticity, Income Elasticity and Cross Elasticity

https://analystprep.com/cfa-level-1-exam/economics/price-elasticity-income-elasticity-cross-elasticity/

PDF

• Price, Income and Cross Elasticities of Demand

https://www.hoddereducation.co.uk/media/Documents/Student%20Guides/AQA_Economics_Student_Guides_1_sample_pages.pdf

VIDEO

• How to Calculate Cross Elasticity of Demand

https://www.youtube.com/watch?v=8LR33paxE7I

• Calculating Price, Income and Cross Price Elasticities

https://www.youtube.com/watch?v=daMaYGpW58c

• Demand Elasticities: Price Elasticity, Cross-Price Elasticity and Income Elasticity

https://www.youtube.com/watch?v=MxOMjjf4n1w

• How to Calculate Price Elasticity of Demand (PED)

https://www.youtube.com/watch?v=E6n61c7G6K0

• Calculating the Elasticity of Demand

https://www.youtube.com/watch?v=lrGiZ7aTlQo

 

SUB TOPIC 11. INTERPRET PRICE, INCOME AND CROSS-PRICE ELASTICITIES OF DEMAND

INTERACTIVE

• Price, Income and Cross-Elasticities of Demand

https://mrshearingeconomics.weebly.com/123-price-income-and-cross-elasticities-of-demand.html

WEBSITE

• Price, Income and Cross-Elasticities of Demand

http://www.economicsguide.me/?page_id=1990

• Price, Income and Cross-Elasticities of Demand

https://edexceleconomicsrevision.com/home/theme-1-introduction-to-markets-and-market-faliure/price-income-and-cross-elasticities-of-demand/

• Elasticities of Demand

https://analystnotes.com/cfa-study-notes-calculate-and-interpret-price-income-and-cross-price-elasticities-of-demand-and-describe-factors-that-affect-each-measure.html

 

SUB TOPIC 12. OUTLINE FACTORS AFFECTICING PRICE, INCOME AND CROSS-PRICE ELASTICITIES OF DEMAND

WEBSITE

• Factors Affecting Price Elasticities of Demand

https://www.tutor2u.net/economics/reference/factors-affecting-price-elasticity-of-demand

• What Factors Influence a Change in Demand Elasticity?

https://www.investopedia.com/ask/answers/040315/what-factors-influence-change-demand-elasticity.asp

• What Factors are Important in Determining the Demand Elasticity of a Good?

https://www.investopedia.com/ask/answers/040715/which-factors-are-more-important-determining-demand-elasticity-good-or-service.asp

VIDEO

• Determinants of Price Elasticity of Demand

https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/unit-2-supply-and-demnd/23/v/determinants-of-price-elasticity-of-demand-ap-microeconomics-khan-academy

• Cross-Price Elasticity of Demand and its Determinants

https://www.youtube.com/watch?v=DNjOv-L6mRM

INTERACTIVE

• Calculate and Interpret Income and Cross-Price Elasticities of Demand and describe Factors that affect each measure

https://quizlet.com/187126787/los-14a-calculate-and-interpret-income-and-cross-price-elasticities-of-demand-and-describe-factors-that-affect-each-measure-and-los-14b-compare-substitution-and-income-effects-flash-cards/

 

SUB TOPIC 13. EXPLAIN THE CONCEPT OF PRICE ELASTICITY OF SUPPLY

WEBSITE

• Elasticity of Supply

https://tinyurl.com/rge7y58

• Price Elasticity of Supply

https://tinyurl.com/ybcpqt7z

• Inelastic Supply

https://www.economicshelp.org/concepts/inelastic-supply/

• How does Price Elasticity affect supply?

https://tinyurl.com/y7qyhqqp

 

SUB TOPIC 14. CALCULATE PRICE ELASTICITY OF SUPPLY

WEBSITE

• Price Elasticity of Supply: Formula

https://xplaind.com/229975/price-elasticity-of-supply

• Price Elasticity of Supply

https://www.economicsonline.co.uk/Competitive_markets/Price_elasticity_of_supply.html

VIDEO

• How to Calculate Price Elasticity of Supply

https://www.youtube.com/watch?v=N-k8509h9bc

• Elasticity Practice- Supply and Demand

https://www.youtube.com/watch?v=nAT_shQGlIk

E-BOOK

• 4.1. Calculating Elasticity

https://pressbooks.bccampus.ca/uvicecon103/chapter/4-2-elasticity/

• 5.1. Price Elasticity of Demand and Price Elasticity of Supply

https://opentextbc.ca/principlesofeconomics/chapter/5-1-price-elasticity-of-demand-and-price-elasticity-of-supply/

 

SUB TOPIC 15. INTERPRET PRICE ELASTICITY OF SUPPLY

WEBSITE

• Price Elasticity of Supply

https://courses.lumenlearning.com/boundless-economics/chapter/price-elasticity-of-supply/

• Explaining Price Elasticity of Supply

https://www.tutor2u.net/economics/reference/price-elasticity-of-supply

• Price Elasticity of Supply

https://www.intelligenteconomist.com/price-elasticity-of-supply/

• Price Elasticity of Supply

https://www.economicshelp.org/microessays/equilibrium/elasticity-supply/

• Theory of Supply: Elasticity of Supply

https://www.toppr.com/guides/business-economics/theory-of-supply/elasticity-of-supply/

 

SUB TOPIC 16. FACTORS AFFECTING PRICE ELASTICITY OF SUPPLY

VIDEO

• Price Elasticity of Supply and its Determinants

https://www.youtube.com/watch?v=NyV_SHgA4Dc

• Factors Affecting Price Elasticity of Supply

https://www.youtube.com/watch?v=47MHauluci0

WEBSITE

• What Factors Influence a Change in Supply Elasticity?

https://www.investopedia.com/ask/answers/040315/what-factors-influence-change-supply-elasticity.asp

• 9 Factors Affecting Price Elasticity of Supply

https://www.economicsdiscussion.net/price-elasticity-of-supply/9-factors-affecting-price-elasticity-of-supply/12455

• Price Elasticity of Supply and the Factors affecting it

https://www.ukessays.com/essays/economics/price-elasticity-of-supply-and-the-factors-affecting-it-economics-essay.php

 

TOPIC 4. MARKET STRUCTURE AND MARKET FAILURE

 

SUB TOPIC 1. DEFINE THE TERM MARKET STRUCTURE

WEBSITE

• Market Structure: Definition

https://businessjargons.com/market-structure.html

• Key Summary on Market Structures

https://www.tutor2u.net/economics/reference/key-summary-on-market-structures

• Market Structure: Meaning, Characteristics and Forms

http://www.yourarticlelibrary.com/economics/market/market-structure-meaning-characteristics-and-forms-economics/28736

 

SUB TOPIC 2. TYPES OF MARKET STRUCTURES

WEBSITE

• The Four Types of Market Structure

https://quickonomics.com/market-structures/

• A Guide to Market Structures

https://online.aurora.edu/types-of-market-structures/

• 5 Different Types of Market Structures                    

https://smallbusiness.chron.com/5-different-types-market-systems-25818.html

 

SUB TOPIC 3. GRAPHS ILLUSTRATING MAIN MARKET STRUCTURES

POWERPOINT

• How to draw Market Structure Diagrams [SLIDES]

https://www.slideshare.net/dineshbakshi1975/how-to-draw-market-structure-diagrams

WEBSITE

• Market Structure and Imperfect Competition with Diagram

https://www.economicsdiscussion.net/imperfect-competition/market-structure-and-imperfect-competition-with-diagram/16482

• Unit 6. Study Guide. Market Structure: Competitive and Non-Competitive Markets

https://learn.saylor.org/mod/page/view.php?id=21349

PDF

• Part 3. Market Structures

http://www.swlearning.com/ibc/tucker3e/pdf/Tucker_ch08.pdf

 

SUB TOPIC 4. INTERPRET GRAPHS ILLUSTRATING MAIN MARKET STRUCTURES

WEBSITE

• Unit 6. Study Guide. Market Structure- Competitive and Non-Competitive Markets

https://learn.saylor.org/mod/page/view.php?id=21349

• Diagram of Perfect Competition

https://www.economicshelp.org/blog/198/economics/diagrams-of-perfect-competition/

• Product Decisions in Perfect Competition

https://courses.lumenlearning.com/boundless-economics/chapter/production-decisions-in-perfect-competition/

• Perfect Competition in Short and Long Run

https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/production-cost-and-the-perfect-competition-model-temporary/ap-perfect-competition/e/perfect-competition-in-the-short-run-and-long-run

PDF

• Essential Graphs of Microeconomics

https://ungerecon.weebly.com/uploads/2/0/8/8/2088048/essentialgraphsformicroeconomics.pdf

 

SUB TOPIC 5. DEFINE THE TERM “MARKET FAILURE”

WEBSITE

• What is Market Failure?

https://www.investopedia.com/terms/m/marketfailure.asp

• Market Failure

https://corporatefinanceinstitute.com/resources/knowledge/economics/market-failure/

• Introducing Market Failure

https://tinyurl.com/y8j8qe9f

• Introduction to Market Failure

https://www.tutor2u.net/economics/reference/introduction-to-market-failure

 

SUB TOPIC 6. MAIN CAUSES OF MARKET FAILURE

VIDEO

• Market Failure: Definition and Causes

https://study.com/academy/lesson/market-failure-definition-causes.html

WEBSITE

• 8 Major Causes of Market Failure (Explained with Diagrams)

http://www.yourarticlelibrary.com/economics/environmental-economics/8-major-causes-of-market-failure-explained-with-diagram/39469

• Types of Market Failure

https://www.economicsonline.co.uk/Market_failures/Types_of_market_failure.html

• Market Failure

https://www.intelligenteconomist.com/market-failure/

• Introducing Market Failure

https://courses.lumenlearning.com/boundless-economics/chapter/introducing-market-failure/

 

SUB TOPIC 7. MAIN CONSEQUENCES OF MARKET FAILURE

WEBSITE

• Possible Failure of the Market and its’ Consequences

https://www.economicsdiscussion.net/market/possible-failure-of-the-market-and-its-consequences/17219

• Causes and Effects of Market Failure: Economics Essay

https://www.ukessays.com/essays/economics/causes-and-effects-of-market-failure-economics-essay.php

• Possible Failure of the Market and its Consequences

https://tinyurl.com/y73was3d

• What are the 5 effects of Market Failure?

https://www.quora.com/What-are-the-five-effects-of-market-failure

• Market Failures                                                                        

https://www.econlib.org/library/Topics/HighSchool/MarketFailures.html

VIDEO

• Negative Externalities and Market Failure

https://www.youtube.com/watch?v=nW0Gl_CFoJU

 

TOPIC 5. THE FINANCIAL SECTOR, ROLES AND FUNCTIONS OF THE FINANCIAL SECTOR

 

SUB TOPIC 1. CONCEPT OF THE FINANCIAL SECTOR

WEBSITE

• What is the Financial Sector?

https://www.investopedia.com/terms/f/financial_sector.asp

• Financial Sector

https://www.khanacademy.org/economics-finance-domain/macroeconomics/monetary-system-topic

• The Role of the Financial Sector in Economic Performance

https://ideas.repec.org/p/wop/pennin/95-08.html

• The Six Core Functions Performed by the Financial System

https://tinyurl.com/ybmt6yqy

 

SUB TOPIC 2. ROLE OF THE FINANCIAL SECTOR

WEBSITE

• What is the Role of the Financial Sector in the Economy?

http://www.bankingforsociety.be/what-role-financial-sector-economy

• Role of Financial System in Economic Development of a Country

https://accountlearning.com/role-of-financial-system-in-economic-development-of-a-country/

• Role of Financial Institutions in Economic Development

https://www.ukessays.com/essays/economics/role-of-financial-institutions-in-economic-development-economics-essay.php

• Economic Topics: Financial Market

https://www.tutor2u.net/economics/topics/financial-sector

• Managerial Economics: Overview

https://www.tutorialspoint.com/managerial_economics/managerial_economics_overview.htm

PDF

• The Role of the Financial Sector in Economic Performance

https://core.ac.uk/download/pdf/6649708.pdf

• The Financial Sector and Economic Development: Banking on the Role of Human Capital

https://jpia.princeton.edu/sites/jpia/files/2007-9.pdf

• EPS Peake’s: Economic and Private Sector-Financial Sector

https://assets.publishing.service.gov.uk/media/57a08a38e5274a27b20004b9/PEAKS_financial_sector_topic_guide_FINAL.pdf

• Journal of Global Economics. The Role of the Financial Sector on Economic Growth

https://www.hilarispublisher.com/open-access/the-role-of-financial-sector-on-economic-growth-theoretical-and-empirical-literature-reviews-analysis-2375-4389-1000309.pdf

• The Role of the Financial Sector in Economic Performance

https://www.researchgate.net/publication/2595907_The_Role_of_the_Financial_Sector_in_Economic_Performance

VIDEO

• Introduction to Managerial Economics

https://www.youtube.com/watch?v=Te1uneseDrg

 

SUB TOPIC 3. THE CONCEPT OF MONEY

WEBSITE

• What is Money?

https://www.investopedia.com/insights/what-is-money/

• Introducing Money

https://tinyurl.com/yb35qmja

• Money

http://www.economicswebinstitute.org/glossary/money.htm

• The 6 Functions of Money – discussed

https://tinyurl.com/y8nl8f5g

• Qualities of Good Money

https://tinyurl.com/uxazet9

• Money: Meaning and Functions of Money Discussed

https://www.economicsdiscussion.net/money/money-meaning-and-functions-of-money-discussed/597

• Definition of Money

https://www.cliffsnotes.com/study-guides/economics/money-and-banking/definition-of-money

• History of Money: From Barter to Bank Notes

https://www.investopedia.com/articles/07/roots_of_money.asp

VIDEO

• Functions of Money

https://tinyurl.com/yaqfgtdj

• Functions of Money

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/definition-measurement-and-functions-of-money-ap/v/functions-of-money

• History of Paper Money: Origins of Exchange

https://www.youtube.com/watch?v=-nZkP2b-4vo

• Concept of Money

https://www.youtube.com/watch?v=PW-j4VKJdDo

E-PAPER

• The History of Money: From Barter to Bitcoin

https://www.telegraph.co.uk/finance/businessclub/money/11174013/The-history-of-money-from-barter-to-bitcoin.html

 

SUB TOPIC 4. CONCEPTS: DEMAND FOR MONEY; MONEY SUPPLY

WEBSITE

• Demand and Supply of Money

https://financetrain.com/demand-and-supply-of-money/

• Demand For and Supply of Money Discussed

https://www.economicsdiscussion.net/money/demand-for-and-supply-of-money-discussed/1853

• Money Supply

https://www.econlib.org/library/Enc/MoneySupply.html

• Money Supply

https://www.investopedia.com/terms/m/moneysupply.asp

E-BOOK

• 25.2. Demand, Supply and Equilibrium in the Money Market

https://saylordotorg.github.io/text_principles-of-economics-v2.0/s28-02-demand-supply-and-equilibrium-.html

VIDEO

• The Money Market: Money Supply and Money Demand Curves

https://study.com/academy/lesson/the-money-market-money-supply-and-money-demand-curves.html

 

SUB TOPIC 5. THE ROLE OF THE CENTRAL BANK

WEBSITE

• Functions and Responsibilities of the Central Bank and Commercial Banks

https://owlcation.com/social-sciences/Functions-and-responsibilities-of-Central-bank-and-Commercial-Banks

• Functions and Responsibilities of the Central Bank and Commercial Banks

https://tinyurl.com/yathrhdf

• Central Banks, Their Functions and Role

https://www.thebalance.com/what-is-a-central-bank-definition-function-and-role-3305827

• What Central Banks do

https://www.investopedia.com/articles/03/050703.asp

• Core Functions: Central Bank of Trinidad and Tobago

https://www.central-bank.org.tt/core-functions

INTERACTIVE

• The Central Bank: Definition & Purpose

https://study.com/academy/lesson/central-bank-definition-purpose.html

 

SUB TOPIC 6. ROLE OF FINANCIAL INSTITUTIONS OTHER THAN THE CENTRAL BANK

WEBSITE

• 9 Most Important Functions of the Stock Exchange/ Secondary Market

http://www.yourarticlelibrary.com/economics/market/9-most-important-functions-of-stock-exchangesecondary-market/8766

• The Role of the Stock Exchange in the Economy

https://finance.zacks.com/role-stock-exchange-economy-5026.html

• Importance of Credit Unions

https://bizfluent.com/about-6390337-importance-credit-unions.html

• The Vital Role of Credit Unions in Providing Access to Low-Income Finance

https://www.theguardian.com/public-leaders-network/2016/mar/16/savings-credit-unions-debt-crisis

• Unit Trust (UT)

https://www.investopedia.com/terms/u/unittrust.asp

• Unit Trust

https://en.wikipedia.org/wiki/Unit_trust

POWERPOINT

• The Role of Stock Exchanges in Economic Development [SLIDES]

https://www.slideshare.net/Libcorpio/role-of-stock-exchanges-in-economic-development-174116819

PDF

• The Role of Credit Unions in the Emerging Financial Landscape

https://www.bis.org/review/r031211d.pdf

 

TOPIC 6. ECONOMIC MANAGEMENT, POLICIES AND GOALS

 

SUB TOPIC 1. ROLE OF GOVERNMENT IN ECONOMY STABILISATION

WEBSITE

• Government’s Role in Managing the Economy

https://saylordotorg.github.io/text_exploring-business-v2.0/s05-07-government-s-role-in-managing-.html

• The Government’s Role in the Economy

https://www.thoughtco.com/the-governments-role-in-the-economy-1147544

• Role of Government in Economic Systems

https://tinyurl.com/y8vnoaez

• The Economic Role of Government: Focus on Stability, Not Spending

https://www.heritage.org/monetary-policy/report/the-economic-role-government-focus-stability-not-spending

INTERACTIVE

• Economic Stabilization Policy: Definition and Overview

https://study.com/academy/lesson/economic-stabilization-policy-definition-lesson-quiz.html

POWERPOINT

• 7b. Government’s Role in Stabilizing the Economy [SLIDES]

https://www.slideshare.net/maynardteacher/7b-govts-role-in-stabilizing-the-economy

 

SUB TOPIC 2. CONCEPTS, PRINCIPLES, ETC. ASSOCIATED WITH ECONOMIC POLICIES AND GOALS

WEBSITE

• National Budget: Definition

http://www.investorwords.com/8650/national_budget.html

• Concept of National Income

https://tinyurl.com/yd98tacf

• Disposable Income

https://www.britannica.com/topic/disposable-income

• The National Debt explained

https://www.investopedia.com/updates/usa-national-debt/

• What is Fiscal Policy?

https://www.investopedia.com/insights/what-is-fiscal-policy/

• Fiscal Deficit definition

https://tinyurl.com/yd9s8gf7

• What is Monetary Policy?

https://www.investopedia.com/terms/m/monetarypolicy.asp

• Economic Growth, its Measurements, Causes, and effects

https://www.thebalance.com/what-is-economic-growth-3306014

• What is Economic Development?                            

https://denversouthedp.org/what-is-economic-development/

• What is GDP?

https://www.investopedia.com/terms/g/gdp.asp

• Gross National Product

https://www.britannica.com/topic/gross-national-product

• Inflation

https://www.investopedia.com/terms/i/inflation.asp

• What is Deflation?

https://www.investopedia.com/terms/d/deflation.asp

• Balance of Payments

https://www.investopedia.com/terms/b/bop.asp

 

SUB TOPIC 3. MEASURES USED TO CORRECT MACRO-ECONOMIC PROBLEMS IN AN ECONOMY

WEBSITE

• Inflation and Recession

https://www.economicshelp.org/blog/2314/inflation/inflation-and-the-recession/

• What Causes a Recession?

https://www.investopedia.com/ask/answers/08/cause-of-recession.asp

• How do Governments Reduce Inflation?

https://tinyurl.com/y646zfnd

• Policies to Reduce Inflation

https://tinyurl.com/yxzwtto5

• Types of Unemployment

https://tinyurl.com/y8zj9gwq

• Three Types of Unemployment: Cyclical, Frictional, & Structural

https://tinyurl.com/ybt6bdce

• Types of Unemployment

https://www.economicshelp.org/blog/716/unemployment/types-of-unemployment/

 

SUB TOPIC 4. CIRCULR FLOW OF INCOME

WEBSITE

• Circular Flow Model

https://www.investopedia.com/terms/circular-flow-of-income.asp

• Understanding the Circular Flow of Income and Spending

https://www.tutor2u.net/economics/reference/circular-flow-of-income-and-spending

VIDEO

• Circular Flow of income and Expenditures

https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/circular-flow-of-income-and-expenditures

• Circular Flow of income: How the Different Components of an Economy Interact

https://www.youtube.com/watch?v=WlgMgppUx_Y

 

SUB TOPIC 5. DIFFERENCES AMONG GROSS DOMESTIC PRODUCT (GDP), GROSS NATIONAL PRODUCT (GNP), AND NATIONAL INCOME (NI)

VIDEO

• What is GDP, GNP, NDP, NNP and Per Capita Income?

https://www.youtube.com/watch?v=2n-m2mWyz5g

• National Income and Concepts of National Income. Part 1.

https://www.youtube.com/watch?v=MpB7ngN17Oc

WEBSITE

• Differences between GDP, GNP, and GNI

https://www.economicshelp.org/blog/3491/economics/difference-between-gnp-gdp-and-gni/

• National Accounts

https://thismatter.com/economics/national-accounts.htm

• Gross National Income (GNI)

https://www.investopedia.com/terms/g/gross-national-income-gni.asp

• Gross National Product

https://corporatefinanceinstitute.com/resources/knowledge/economics/gross-national-product-gnp/

PDF

• Chapter 5. GDP and Standard of Living

https://www.sjsu.edu/people/yeung-nan.shieh/courses/macro19/s1/A5.pdf

• Appendix 1. GNP, GNI and GDP

https://onlinelibrary.wiley.com/doi/pdf/10.1002/9781119361411.app1

E-Book

• Macroeconomics Theory and Policy. Page 31

https://books.google.tt/books?id=a5b--w55j5UC&pg=PA31&lpg=PA31&dq=differences+among+Gross+Domestic+Product+(GDP),+Gross+National+Product+(GNP),+and+National+Income+(NI);&source=bl&ots=cBWUAPDHW2&sig=ACfU3U1bbMFPwFwJR88-pUSAUSu2ypmSjg&hl=en&sa=X&ved=2ahUKEwiqyoDj7sXpAhWFiOAKHdsECxAQ6AEwGXoECA0QAQ#v=onepage&q=differences%20among%20Gross%20Domestic%20Product%20(GDP)%2C%20Gross%20National%20Product%20(GNP)%2C%20and%20National%20Income%20(NI)%3B&f=false

 

SUB TOPIC 6. INTERPRETATION OF GDP, GNP AND NI

WEBSITE

• Measuring Economic Conditions: GNI or GDP

https://www.investopedia.com/ask/answers/062315/gross-national-income-gni-or-gross-domestic-product-gdp-better-measure-economic-condition-country.asp

• What is the Difference between GDP, GNP and National Income?

https://www.healthcare-economist.com/2011/03/23/what-is-the-difference-between-gdp-gnp-and-national-income/

• Economics 101. What is the Difference between GDP and GNP?

https://www.masterclass.com/articles/economics-101-what-is-the-difference-between-gdp-and-gnp

 

TOPIC 7. INTERNATIONAL TRADE

 

SUB TOPIC 1. DEFINITION, TERMS, PRINCIPLES, CONCEPTS & APPROACHES: INTERNATIONAL TRADE

WEBSITE

• A brief history of International Trade Thought: From Pre-Doctrinal Contributions to 21^st century heterodox Economics

https://www.researchgate.net/publication/282325043_A_Brief_History_of_International_Trade_Thought_From_Pre-Doctrinal_Contributions_to_21st_Century_Heterodox_Economics

• The Investor’s Guide to Global Trade

https://www.investopedia.com/insights/what-is-international-trade/

• International Trade: Pros, Cons and effect on the Economy

https://www.thebalance.com/international-trade-pros-cons-effect-on-economy-3305579

• Unit. Open Economy: International Trade and Finance

https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic

• History of International Trade

https://www.managementstudyguide.com/history-of-international-trade.htm

• International Trade: Types, Importance, Advantages and Disadvantages

https://efinancemanagement.com/international-financial-management/international-trade

• What is International Trade? Definition and Meaning

https://marketbusinessnews.com/financial-glossary/international-trade-definition-meaning/

• Regional and International Trade Organizations: Types & Examples

https://study.com/academy/lesson/regional-international-trade-organizations-types-examples.html

VIDEO

• A brief history of International Trade

https://www.youtube.com/watch?v=mwEB85eX4R4

• 3.1. International Trade #1. Benefits of Free Trade

https://www.youtube.com/watch?v=znspTDVPiXE&list=PL-60inPtTWS4Su17c17ca8MW8UKPtCM97

• 3.1. International Trade #3. Comparative Advantage

https://www.youtube.com/watch?v=hGC6LOv1uKA&list=PL-60inPtTWS4Su17c17ca8MW8UKPtCM97&index=3

• Chapter 6. International Trade Theory

https://www.youtube.com/watch?v=8ow-vckJ6lE

• 3.1. International Trade #4.Trade Protectionism Arguments For and Against

https://www.youtube.com/watch?v=Eqbio5ZERRo

• What Global Trade Deals are really about (hint: it’s not Trade)/ Haley Edwards

https://www.youtube.com/watch?v=-v3uqD1hWGE

• How beneficial is World Trade?

https://www.youtube.com/watch?v=xRJZWfqWcs0

• The Deceptive Promise of Free Trade/ DW Documentary

https://www.youtube.com/watch?v=DnW9ZQtI1_E

E-BOOK

• Principles of Economics. Chapter 33. Introduction to International Trade

https://opentextbc.ca/principlesofeconomics/chapter/introduction-to-international-trade/

• International Trade: Trade and Policy

https://open.umn.edu/opentextbooks/textbooks/international-trade-theory-and-policy

• The Handbook of International Trade (PDF)

http://www.sze.hu/~gjudit/Exportszerzodesek/Handbook%20of%20international%20trade.pdf

 

SUB TOPIC 2. RATIONALE FOR INTERNATIONAL TRADE

WEBSITE        

• 7 reasons for International Trade

https://ttcwetranslate.com/7-reasons-for-international-trade/

• Key factors in International Trade

https://bizfluent.com/info-7742133-key-factors-international-trade.html

• Terms of trade

https://www.britannica.com/topic/terms-of-trade

• Discuss the various types of terms of trade

https://tinyurl.com/y74ngprq

PDF

• The Rational for International Trade Cooperation

https://artnet.unescap.org/tid/artnet/mtg/cbtr_s1low.pdf

• Fundamental economic factors affecting international trade

https://www.wto.org/english/res_e/booksp_e/wtr13-2c_e.pdf

VIDEO

• Rationale of International Trade – Political, Economic, Social Implications

https://prezi.com/5fqouu6bjh64/rationale-of-international-trade-mindmap/

• Factors influencing International Trade

https://www.slideshare.net/NEETHUSJAYAN/factors-influencing-international-trade

• Terms of Trade

https://www.youtube.com/watch?v=KrGvEhMMTNE

 

SUB TOPIC 3. BALANCE OF PAYMENTS; BALANCE OF TRADE

WEBSITE

• Balance of payments, its components, and Deficit vs. Surplus

https://www.thebalance.com/what-is-balance-of-payments-components-and-deficit-3306278

• What is the Balance of Payment?

https://www.investopedia.com/terms/b/bop.asp

• Balance of Payments

https://www.economicshelp.org/macroeconomics/bop/

• What is Balance of Trade?

https://www.investopedia.com/terms/b/bot.asp

• Balance of Trade: Favorable versus Unfavorable

 https://www.thebalance.com/balance-of-trade-definition-favorable-vs-unfavorable-3306261

• Trinidad and Tobago Balance of Trade

https://tradingeconomics.com/trinidad-and-tobago/balance-of-trade

VIDEO

• Balance of Payments: Current Account

https://tinyurl.com/y4x3jo3s

• Balance of Payments: Capital Account

https://tinyurl.com/y5mqr5xs

 

TOPIC 8. CARIBBEAN ECONOMIES IN A GLOBAL ENVIRONMENT

 

SUB TOPIC 1. CHARACTERISTICS OF A CARIBBEAN ECONOMY

WEBSITE

• 3 Characteristics of Caribbean Economies

https://tinyurl.com/ybc2sc6p

• The Economy of the Caribbean Region

http://caribya.com/caribbean/economy/

PDF

• Caribbean Economies

https://repositorio.cepal.org/bitstream/handle/11362/41138/FOCUSIssue4Oct-Dec2016.pdf

 

SUB TOPIC 2. DEFINITIONS

WEBSITE

• What is Globalization?

https://www.piie.com/microsites/globalization/what-is-globalization

• Globalisation

https://www.economicsonline.co.uk/Global_economics/Globalisation_introduction.html

• Economic Features of Globalisation

https://tinyurl.com/y9aapuyb

• What is the Carbbean Single Market and Economy (CSME)?

https://foreign.gov.tt/services/csme/

• What is Trade Liberalization?

https://www.investopedia.com/terms/t/trade-liberalization.asp

• Why Open Markets Matter

https://tinyurl.com/y5akosj7

• Electronic Commerce

https://tinyurl.com/yjdjwr4r

• What is Electronic Commerce?

https://www.investopedia.com/terms/e/ecommerce.asp

E-BOOK

• E-commerce and E-Business/ Concepts and Definitions

https://en.wikibooks.org/wiki/E-Commerce_and_E-Business/Concepts_and_Definitions

POWERPOINT

• Features of Globalisation

https://www.slideshare.net/mshirlaw/features-of-globalisation

PDF

• Costs and Benefits of Trade Liberalization

https://mpra.ub.uni-muenchen.de/25657/1/MPRA_paper_25657.pdf

 

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