1.1 Scarcity, choice and opportunity cost 

1.2 Economic methodology 

1.3 Factors of production 

1.4 Resource allocation in different economic systems 

1.5 Production possibility curves 

1.6 Classification of goods and services 

2.1 Demand and supply curves 

2.2 Price elasticity, income elasticity and cross elasticity of demand 

2.3 Price elasticity of supply 

2.4 The interaction of demand and supply 

2.5 Consumer and producer surplus 

3.1 Reasons for government intervention in markets 

3.2 Methods and effects of government intervention in markets 

3.3 Addressing income and wealth inequality 

4.1 National income statistics 

4.2 Introduction to the circular flow of income 

4.3 Aggregate Demand and Aggregate Supply analysis 

4.4 Economic growth 

4.5 Unemployment 

4.6 Price stability 

5.1 Government macroeconomic policy objectives 

5.2 Fiscal policy 

5.3 Monetary policy 

5.4 Supply-side policy 

6.1 The reasons for international trade 

6.2 Protectionism 

6.3 Current account of the balance of payments 

6.4 Exchange rates 

6.5 Policies to correct imbalances in the current account of the balance of payments