Grade 12 Economics Summaries Term 1-4 (Micro + Macro-economics) – Noted Summaries

Grade 12 Economics Term 1 – 4 Summaries are composed using and combining the FOCUS, Via Afrika and Mind the Gap textbooks’ work with examples and supplementary notes by compiler (external party).

Contents:

• Basic Economic consents & principles
• Economic Circuit Model
• Business Cycles
• Business Cycles [Economic Paradigm]
• Public Sector
• Economic Growth + Development:  Foreign Exchange Market
• Economic Systems:  Protection + Free trade [Globalization]
• Markets
• Perfect Competition [Perfect Competition]
• Monopoly
• Monopolistic Competition
• Oligopoly
• Competition Policies
• Cost Concepts
• Income Claculations
• Maximisation of Profit
• Demand Curve
• Supply Curve
• Complementary Goods
• Supplementary Goods
• Absolute Pricing
• Relative Pricing
• Market Equilibrium [Market-clearing]
• Elasticity
• Economic Growth + Development
• Industrial Development Policies
• Economic Performance Indicators
• Compassion: Social indicators
• Inflation
• Tourism
• Indigenous Knowledge System [IKS]
• Environmental degradation (Decay)