💰 CSEC Economics: From A-to-Z

Economics is fundamentally about how societies manage their scarce resources to satisfy their unlimited wants and needs. It’s a social science that examines the choices individuals, businesses, and governments make regarding the production, distribution, and consumption of goods and services.

In short, economics gives us the tools to understand how the world works in terms of production, trade, consumption, and how governments can influence these activities for the benefit of society. It’s a field that helps us make informed decisions as individuals and as a society.

The CSEC Economics syllabus comprises 8 sections and a total of 81 lessons. Each section is organized into 2 main groups: Microeconomics, which includes (Sections 1 to 4), and Macroeconomics, covering (Sections 5 to 8).

Section 1: The Nature of Economics
Section 2: Production, Economic Resources, and Resource Allocation
Section 3: Demand and Supply
Section 4: Market Structure and Market Failure
Section 5: The Financial Sector
Section 6: Economic Management: Policies and Goals
Section 7: International Trade
Section 8: Caribbean Economies in a Global Environment