Cameroon GCE O-Level Economics study plan

Define scarcity, choice, opportunity cost and the three basic economic questions, then apply them to five everyday Cameroonian examples (e.g. choosing between farming cocoa and plantains).

Distinguish positive from normative statements and classify ten statements correctly.

Draw and label a demand curve and a supply curve from tabulated data, identifying the equilibrium price and quantity in each case.

Explain, with a diagram, how a change in price causes movement along a curve while a change in any non-price factor shifts the curve.

List the determinants of demand and supply and match each to a real market example such as fuel or maize in Cameroon.

Compute equilibrium price and quantity algebraically from given linear demand and supply equations, showing all working.

Analyse the effects of a price ceiling and a price floor on market equilibrium, using at least one Cameroonian policy example.

Calculate price elasticity of demand using both the simple and midpoint formulas and interpret each result (elastic, inelastic, unitary).

Explain the relationship between elasticity and total revenue, and predict revenue changes for three given price changes.

Define income elasticity, cross elasticity and price elasticity of supply, and compute one worked example of each.

Distinguish fixed from variable costs and compute total, average and marginal cost from a table of output and cost data.

Draw and explain the shapes of the short-run average and marginal cost curves, linking them to the law of diminishing returns.

Differentiate internal from external economies and diseconomies of scale, giving two examples of each relevant to Cameroonian firms.

Compare the four market structures (perfect competition, monopolistic competition, oligopoly, monopoly) on number of firms, product type, entry barriers and price control.

Explain how a firm under perfect competition and a monopolist each determine output and price, using diagrams.

Explain how wages are determined in competitive and imperfect labour markets, including the role of trade unions and collective bargaining.

Distinguish economic rent from transfer earnings, and explain how interest and profit arise as factor rewards.

Describe the functions of money and the qualities of good money, with examples of how these break down during inflation.

Outline the structure and functions of the Bank of Central African States (BEAC) and the role of commercial banks in creating credit.

Compute the money multiplier from a given reserve ratio and explain how central bank tools (reserve requirements, discount rate, open market operations) affect credit.

Define GDP, GNP and national income, and compute each from a given set of national accounts figures.

Explain the expenditure, income and output approaches to measuring national income and identify two problems with each.

Distinguish nominal from real GDP and calculate a simple price index and real growth rate.

Classify sources of government revenue (direct and indirect taxes) and identify four categories of public expenditure in Cameroon's budget.

Evaluate the merits and demerits of direct versus indirect taxation, and explain the concept of a budget deficit and how it may be financed.

Explain the arguments for and against free trade and describe four instruments of trade protection, including tariffs and quotas.

Record a set of transactions in a simplified balance of payments (current, capital and financial accounts) and identify whether the balance is in surplus or deficit.

Explain how demand and supply of foreign currency determine a floating exchange rate, and distinguish depreciation from devaluation.

Describe Cameroon's membership of the CEMAC zone and the CFA franc's fixed parity arrangement with the euro, and state two implications for trade.

Identify the main sectors of the Cameroonian economy and the principal exports, and link them to the country's development challenges.

Define economic development and distinguish it from economic growth, using at least three indicators (GDP per capita, HDI, literacy).

Explain the causes and consequences of rapid population growth and describe the stages of demographic transition.

Evaluate three development strategies (import substitution, export promotion, investment in human capital) for relevance to Cameroon.

Revisit opportunity cost, production possibility curves and the circular flow of income, and connect them to development issues.

Practise interpreting data tables and graphs on population, employment and output, writing concise conclusions.

Complete three full past-paper-style sections under timed conditions, covering the highest-weight domains.

Mark each attempt against the mark scheme and log every lost mark by domain.

Re-derive from memory the key diagrams (equilibrium, cost curves, exchange rate, circular flow) without notes.

Review the two weakest domains identified in your mark log and rewrite corrected answers to those questions.

Summarise ten key definitions and five formulas on a single revision card for final recall.