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Economics Form 5 Science
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Economics Form 5 Science : Programme
Chapter 1 : Theory of Demand and Supply
THE THEORY OF DEMAND
Definition of demand
Individual and Market Demand Schedule
Explanation of the Demand Curve (reasons why demand curve slopes downward from left to right)
Determinant of demand (Factors affecting demand)
THE THEORY OF SUPPLY
SUPPLY CURVE
CHANGES IN QUANTITY SUPPLIED AND CHANGES IN SUPPLY
Determinants or Factors influencing Supply
Changes in Equilibrium Price
Chapter 2 : Money and Banking
A. MONEY
Barter System of Trade
QUALITTES, FORMS AND FUNCTIONS OF MONEY
Forms of Money (Evolution of Money)
Functions of Money
DEMAND FOR AND SUPPLY OF MONEY
THE QUANTITY THEORY OF MONEY
VALUE OF MONEY
INFLATION
DEFLATION
Chapter 3 : Public finance
Introduction
SOURCES OF GOVERNMENT REVENUE
COMPONENTS OF PUBLIC EXPENDITURES
OBJECTIVES OF GOVERNMENT EXPENDITURE
THE BUDGET
TAXATION
TYPES OF TAXES
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