Measures of economic development, constraints on growth and development, measures to promote growth and development

Public Expenditure, Taxation, Public Sector Debt and Financing, Role of the state in the macroeconomy

Poverty and Inequality

Balance of payments, exchange rates, international competitiveness

Specialisation and comparative advantage, patterns and volume of trade, terms of trade, trade liberalisation and trading blocs, restrictions on trade

Globalisation- characteristics, causes and effects- Chapters 21 and 22

Government Intervention and Market Failure

Demand, supply and market for labour

Efficiency, Concentration Ratio, Contestability, Perfect Competition, Monopolistic Competition, Monopoly, Monopsony, Oligopoly. Chapters 8- 14

Costs, Revenue, Profits and Losses, Economies and diseconomies of scale- Chapters 4-7

Types and sizes of firms and business objectives. Chapters 1,2 and 3

Review with practice topical questions Chapters 1-13

detailed explanation of supply side policies