Cameroon GCE A-Level Economics study plan

Define scarcity, choice, and opportunity cost, and compute opportunity cost from a production possibility frontier (PPF) table.

Draw and interpret PPFs showing constant, increasing, and decreasing opportunity costs, and explain points inside, on, and outside the frontier.

Distinguish fixed and variable factors and state the law of diminishing returns with a numerical example.

Derive total, average, and marginal product from a short-run production table and identify the three stages of production.

Calculate total, average, and marginal cost from output and cost data, and sketch the short-run cost curves.

Explain the relationships between MC, ATC, and AVC, and between MP and MC, using numerical examples.

Compare perfect competition, monopolistic competition, oligopoly, and monopoly on assumptions, revenue curves, and profit maximisation (MR = MC).

Illustrate short-run and long-run equilibrium for a perfectly competitive firm and a monopoly, including shutdown and break-even points.

Define price elasticity of demand and supply, and calculate both using the midpoint formula from given price and quantity changes.

Interpret elasticity values and explain their link to total revenue and tax incidence.

Draw and explain demand and supply curves, and determine equilibrium price and quantity algebraically from linear equations.

Analyse the effects of shifts in demand and supply on equilibrium, including simultaneous shifts.

Apply price ceilings, price floors, and indirect taxes to the demand-supply model, showing welfare changes.

Explain utility concepts (total, marginal, law of diminishing marginal utility) and derive a demand curve from marginal utility.

Use indifference curve analysis to show consumer equilibrium and income and substitution effects.

Explain marginal revenue product and marginal factor cost, and determine equilibrium wage and employment in competitive and monopsonistic labour markets.

Distinguish economic rent, transfer earnings, interest, and profit, and explain the loanable funds and liquidity preference theories of interest.

Define market failure and distinguish between positive and negative externalities in production and consumption using diagrams.

Explain public goods, merit goods, demerit goods, and common resources, and why markets underprovide or overprovide them.

Evaluate government interventions (taxes, subsidies, regulation, tradable permits) to correct externalities.

Define GDP, GNP, and national income, and distinguish nominal from real and actual from potential output.

Explain the circular flow of income and the multiplier, and calculate the multiplier from the marginal propensity to consume.

Describe the components of aggregate demand and explain the consumption function and investment determinants.

Define unemployment, classify its types (frictional, structural, cyclical, seasonal), and calculate the unemployment rate.

Explain fiscal policy tools and their effects on output, employment, and the budget balance, including automatic stabilisers.

Explain the functions of money and the functions of a central bank, including monetary policy instruments.

Distinguish money supply measures and explain credit creation by commercial banks with a numerical example.

Define inflation, distinguish demand-pull and cost-push, and calculate inflation using a price index.

Explain the Quantity Theory of Money and the Fisher effect, and evaluate monetary policy responses to inflation.

Analyse the Phillips curve trade-off and the conflict between inflation and unemployment objectives.

Explain the principle of comparative advantage and calculate opportunity cost ratios to determine gains from trade.

Describe the structure of the balance of payments and analyse causes and consequences of current account deficits.

Distinguish fixed, floating, and managed exchange rate systems, and explain appreciation and depreciation.

Evaluate arguments for and against trade liberalisation, protectionism, and globalisation, with reference to Cameroon.

Distinguish economic growth from economic development and explain indicators such as HDI and GDP per capita.

Revise all domains using the summary sheets, diagrams, and glossary produced in weeks 1–7.

Complete two full timed past papers (Paper 1 and Paper 2) under exam conditions.

Mark each paper against the mark scheme and log errors by domain.

Re-teach the three weakest domains using targeted exercises and corrected diagrams.

Practise data-response and essay structure: introduction, analysis, evaluation, conclusion.