LC ECONOMICS



Content

  • The subject is concerned with understanding the workings of a modern economy from both Macro and Micro level. The main topics covered are:
    Demand, Supply, Consumer, Cost of Production, Elasticity, Market Structures, Perfect Competition, Monopoly, Price Discrimination, Imperfect Competition and Oligopoly and Factors of Production – Land, Labour, Capital and Enterprise. Macro consists of Money & Banking, National Income, Government & Economy, International Trade, Economic Growth & Development and History of Economic Thought.
  • There are no projects, practical aspects, field trips, etc. Teacher may include project work but it is not a requirement of the syllabus.
  • There is a common syllabus covering Higher and Ordinary level, which will fulfill the aims and objectives.
It helps students to develop a clear understanding of the role of economics, to encourage the development of appropriate learning skills, and to generate in students a positive and ethical attitude to economics in personal, business and public life

Exam Structure

Higher Level & Ordinary Level

  • One Paper – 2.5 hour paper
     
  • Section A – 9 Q’s do 6 (100 marks)
  • Section B – 8 Q’s do 4 (75 each. 300 in total). Large element of choice here.



Data sources: The information on this page has been compiled from www.careersportal.ie