Economics · Year 1 · Week 3

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

Relate the fundamental concepts of Economics to everyday life and societal challenges