Macmillan Education
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ISBN 978-0-230-48238-8 AER
© Caribbean Examinations Council (CXC ®) 2015
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The author has asserted their right to be identified as the author of this work in accordance with the
Copyright, Design and Patents Act 1988.
First published 2014
This revised version published 2015
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CAPE® Economics Free Resources
LIST OF CONTENTS
CAPE® Economics Syllabus Extract
CAPE® Economics Syllabus
CAPE® Economics Specimen Papers:
Unit 1 Paper 01
Unit 1 Paper 02
Unit 2 Paper 01
Unit 2 Paper 02
Unit 2 Paper 03/2
3
4
69
78
83
93
96
CAPE® Economics Mark Schemes:
Unit 1 Paper 01
Unit 1 Paper 02
Unit 1 Paper 03/2
Unit 2 Paper 01
Unit 2 Paper 02
Unit 2 Paper 03/2
98
99
133
141
142
152
CAPE® Economics Subject Reports:
2004 Subject Report
2005 Subject Report
2006 Subject Report
2007 Subject Report
2008 Subject Report Rest of Caribbean
2009 Subject Report
2010 Subject Report
2011 Subject Report
2012 Subject Report
2013 Subject Report
2014 Subject Report
159
173
185
196
203
211
220
231
244
260
276
Economics
Economics is the study of how society provides for itself by making the most efficient
use of scarce resources so that both private and social welfare may be improved. The
CAPE Economics Syllabus is intended to promote knowledge and understanding of
the principles and concepts of economics and to foster an appreciation of the various
methods used by economists in analysing economic problems. The knowledge and skills
acquired will enable students to contribute to the economic and social development of
the Caribbean.
The syllabus is arranged into two Units. Each Unit consists of three Modules.
UNIT 1: MICROECONOMICS
Module 1 –
Methodology: Demand and Supply
Module 2 –
Market Structure, Market Failure and Intervention
Module 3 –
Distribution Theory
UNIT 2: MACROECONOMICS
Module 1 –
Models of the Macroeconomy
Module 2 –
Macroeconomic Problems and Policies
Module 3 –
Growth, Sustainable Development and Global Relations
CARIBBEAN EXAMINATIONS COUNCIL
Caribbean Advanced Proficiency Examination
®
CAPE
ECONOMICS
SYLLABUS
Effective for examinations from May/June 2010
CXC A20/U2/09