Economics · Year 1 · Week 2

The language of Economics or Economics Tools and the introduction to the fundamental concepts in Economics

Strand

Consumers’ Rational Decision Making

Sub-strand

Introduction to the Subject Economics

Content standard

Demonstrate knowledge and understanding of fundamental concepts and tools used in Economics

Learning outcome

Use relevant information gathered from learners’ home, school and community through observation to carefully define economics and stimulate their interest in the subject

Learning indicator

Describe the various tools used in economic analysis