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ZIMBABWE MINISTRY OF PRIMARY AND SECONDARY EDUCATION ECONOMICS SYLLABUS FORMS 1 - 4 2015 - 2022 Curriculum Development and Technical Services P.O.
Box MP 133 Mount Pleasant Harare ©All Rights Reserved 2015 ACKNOWLEDGEMENTS The Ministry of Primary and Secondary Education wishes to acknowledge the following for their valued contribution in the production of this syllabus: - The National Economics Syllabus Panel - Government departments - Representatives from various organisations - Representatives from Universities and Colleges - Publishers - Zimbabwe Secondary Examinations Council (ZIMSEC) - United Nations International Children’s Fund (UNICEF) - United Nations Educational, Scientific and Cultural Organization (UNESCO) i ECONOMICS SYLLABUS FORMS 1 - 4 TABLE OF CONTENTS ACKNOWLEDGEMENTS........................................................................................i TABLE OF CONTENTS...........................................................................................ii 1.0 PREAMBLE................................................................................................1 2.0 PRESENTATION OF SYLLABUS..............................................................1 3.0 AIMS...........................................................................................................1 4.0 SYLLABUS OBJECTIVES.........................................................................2 5.0 METHODOLOGY AND TIME ALLOCATION.............................................2 6.0 TOPICS.......................................................................................................2 7.0 SCOPE AND SEQUENCE..........................................................................3 8.0 COMPETENCY MATRIX............................................................................6 8.1 FORM 1......................................................................................................6 8.2 FORM 2......................................................................................................13 8.3 FORM 3......................................................................................................20 8.4 FORM 4......................................................................................................30 9.0 SCHEME OF ASSESSMENT.....................................................................40 ASSESSMENT........................................................................................................41 10.0 GLOSSARY/APPENDICES.......................................................................43 ii ECONOMICS SYLLABUS FORMS 1 - 4 1.0 PREAMBLE 1.1 INTRODUCTION 1.6 CROSS - CUTTING THEMES Economics is a learning area that will encompass and address the following cross cutting issues:- The Economics learning area is a 4 year secondary school course covering from Form 1 – 4 that provides learners with knowledge, skills and practical experiences to help learners to understand economic problems and issues affecting socio-economic lives.
The economics course should make learners aware of the ever changing economic environment and how they can adapt to changes.

The syllabus should develop learners’ initia- tive, interpretation, analysis and problem solving skills.

The teaching approach should be learner-centred in analysing real life economic problems in Zimbabwe.
1.2 RATIONALE The study of Economics enables learners to acquire an enterprising behaviour through the ability to develop creative and imaginative solutions to complex issues that affect individuals, society and the nation as a whole.

It helps learners to investigate economic problems in order to make sound judgement and assessment of economic issues through developing appropriate strategies that protect the economic and natural environment.
The learning area enables learners to acquire consumer and financial literacy skills with coherent relevance to Information and Communications Technologies (ICT).

1.3 SUMMARY OF CONTENT The learning area is designed to introduce learners to participate more fully in decision making process at local, national and international level through micro and macro-economic concepts.

It also provides fundamental, intellectual and enterprising skills.
1.4 METHODOLOGY AND TIME ALLOCATION It is assumed that learners; • are constantly participating and interacting with variables in the economy.

• are aware of prevailing economic environment • have an immense desire to amass wealth • desire to contribute meaningfully to the community and nation at large.

Gender equality 1.

Children’s rights and responsibilities 2.

Team work 3.

Health issues 4.

Safety 5.

Disaster risk management 6.

Food security 7.

Technology 8.

Sexuality, HIV and AIDS 9.


Heritage studies 10.

11.

Environmental issues 12.

Enterprise 2.0 PRESENTATION OF SYLLABUS The Economics syllabus is a four year course covering from Form 1 – 4.
It includes the competency matrix and highlights a list of resources to be used 3.0 AIMS The syllabus aims to enable learners to: 3.1 3.2 3.3 3.4 3.5 3.6 3.7 develop a comprehensive awareness of economical terminology, principles and basic economic theories comprehend and analyse a spectrum of eco- nomic issues pertinent to Zimbabwe and other developing countries and how they relate to the developed world.
acquire entrepreneurial skills in order to exploit the indigenous scarce resources for the dis- tinctive benefit of the society.

acquire skills necessary for understanding how the economy operates develop basic economic numeracy and literacy and the ability to handle simple data including graphs and diagrams develop tools of analysis to understand and contribute to the economic transformation of Zimbabwe.
contribute in decision-making processes, as consumers and producers in the local, national 1 ECONOMICS SYLLABUS FORMS 1 - 4 3.8 and international community.

appreciate the values of Unhu/Ubuntu/Vumun- hu in the allocation and use of scarce resourc- es through transparency and accountability • educational tours/use of immediate environ- ment It is advisable that the learner be exposed to more than one method in a lesson.
4.0 SYLLABUS OBJECTIVES 5.2 Time allocation For the successful implementation of this syllabus, the following time allocation is recommended: Form 1 - 4 should be allocated at least 4 periods of 40 minutes each per week.
6.0 TOPICS 6.1 Introduction to Economics 6.2 Economic systems 6.3 Production 6.4 Labour 6.5 Demand theory 6.6 Supply theory 6.7 Market equilibrium 6.8 Cost structures and revenue 6.9 Market structures 6.10 Business organisation 6.11 National income accounting 6.12 Money and banking 6.13 Inflation 6.14 Population 6.15 Unemployment and job creation 6.16 Domestic and Foreign trade 6.17 Economic growth and development 6.18 Market failure and government intervention Learners should be able to: 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 identify the link between economic variables and prevailing economic circumstances distinguish facts from value judgements in eco- nomic issues.
demonstrate knowledge with understanding in relation to economic phenomena, facts, definition, vocabulary, terminology convention, concepts, principles and theories.

use tools of analysis to understand and contribute to the economic transformation of Zimbabwe select, organize, analyse and interpret busi- ness and financial data with the aid of technol- ogy.
apply economic knowledge in verbal, diagram- matic, pictorial and graphical form to help them transfer this knowledge to new situations and to achieve critical thought.
evaluate the social and environmental implica- tions of a particular course of economic action use their basic understanding of economic concepts for further study in economics recognise that economic theory is subject to various limitations and uncertainties 4.10 exhibit the values of Unhu/Ubuntu/Vumunhu in the allocation and use of scarce resources 5.0 METHODOLOGY AND TIME ALLOCATION 5.1 Methodology For the four year Economics course to be achieved a learner centred approach is going to be applied using the following learning and teaching methods: • • • • • • class discussions and debates field trips project work/research simulation/role playing games problem solving 2 ECONOMICS SYLLABUS FORMS 1 - ) C P P ( ’ .
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n o n U n a c i r f A , A S E M O C , C D A S (                        /        s u s n e c d n a n o i t a u p o P l    / s e p y T  t n e m y o p m e n U l e c r o f r u o b a L       e d a r t c i t s e m o D   ECONOMICS SYLLABUS FORMS 1 - ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l : , d o o f s a h c u s a i l a e R    e
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ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( l :         )   , s l l i k S ( l : ) s s o l /        : n o i t c u d o r p f o s r o t c a F n o i t c u d o r P   d n a l a t i p a c , r u o b a l , d n a l ( ) ) , s e i r a a s / s e g a w , t n e r ( : s d r a w e R  r
o r o t c a f h c a e h c t a m n o i t c u d o r p     ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( l :     ’        s t s e r e t n i ’ s e e y o p m E l  n i s t s e r e t n i ’ l s e e y o p m e t s i l ) e g d e l w o n k r u o b a L e g a w   - - - - d e l l i k s n U d e l l i k S d e l l i k s - i m e S         , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : - i t l u M         d n a m e d e v i t c e f f e n a p
a m e D       ECONOMICS SYLLABUS FORMS 1 - ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l :   .
d e i l p p u s y t i t n a u q d n a          , s l l i k S ( l :            )   e u n e v e R s t s o C 9 ECONOMICS SYLLABUS FORMS 1 -         , s l l i k S ( l : o t e l b a e b d u o h s
t a , s l l i k S ( l : - - - - - - i s p h s r e n t r a P r e d a r t e o S l   )      10 ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l :    f o s t n e n o p m o c e h t g n i t t a S .
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f o s t n e n o p m o c e h t g n i t t a S     t c u d o r P l a n o i t a N s s o r G ) P N G ( 1 2 ) P D G ( t c u d o r P c i t s e m o D s s o r G P N G 2 2 ) P N G ( t c u d o r P   ) P D G (   ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( l : - i t l u M    , i 1 M g n b i r c s e D 3 M    3 M d n a 2 M , 1 M y e n o m f o s e p y T e d a r t r e t r a B   )    ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l : o t e l b a e b d u o h s s r e n r a e L 11       g n i t c u d n o c f o e c n a t r o p m I s u s n e c n o
  - - :   s u s n e c n o i t a l u p o P n o i t a l u p o P ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( l : - i t l u M y t i n u m m o c l a c o L l s o o t T C I       t n e m y o p m e n U l e c r o f r u o b a L   ) - - : s m r e t e h t n a p x e i l  I      , s r e l i t a e r n o g n y e v r u S i l a m r o n f i l , .
                ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l : 12 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :           o
  h t w o r g c i m o n o c E 13 ECONOMICS SYLLABUS FORMS 1 - 4 s k o o b t x e t d e d n e m m o c e R i a d e m - i t l u M l s o o t T C I      s n o i t s e u q c m o n o c E i  e c u d o r p o t t a h w - e c u d o r p o t w o h - - , s l l i k S ( T N E T N O C T N U I S E T O N D N A S E T V T C A I I I ) e g d e l w o n k d n a s e d u t i t t a l :   14 2 M R O F 2 .
8 2 M R O F 2 8 .
, s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : - i t l u M    -   - e c u d o r p o t w o h -  i c s a b e e r h t e h t y f i t n e d i    ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :    , a
     - - - d n a r u o b a l f o n o s v D i i i        15        s n o i t a c o s s a i ’ - - 1 3   ’ l s r e y o p m e y f i t n e d i    s n o i t a i c o s s a ’ , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : o t e l b a e b d u o h s s r e n r a e L ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( E
) e g d e l w o n k d n a s e d u t i t t a l :                16 ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l :              y l p p u S ECONOMICS SYLLABUS FORMS 1 - S
, s l l i k S ( T N E T N O C T N U I S E T O N D N A S E T V T C A I I I ) e g d e l w o n k d n a s e d u t i t t a l :       - - - m u i r b i l i u q e      .
s t s o c f o   - - - l s t s o c e b a i r a v - i m e S s e v r u c t s o C   -   s t s o C 17 ) e g d e l w o n k d n a s e d u t i t t a l : o t e l b a e b d u o h s s r e n r a e L , s l l i k S (    ECONOMICS SYLLABUS FORMS 1 - ) e g d e l w o n k d n a s e d u t i t t a , s l l i k S ( l :             - - -   i
- - - -       18 - • • • • • • • - - - • - a e m f o s d o h t e m y f i t n e d i • • ) e g d e w o n k d n a s e d u t i t t a : , s l l i k S ( ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :     r
      , s l l i k S ( ) e g d e w o n k d n a s e d u t i t t a : • • • n o i t a fl - - d n a m e d n e e w t e b n o i t a fl n i h s u p - s t s o c s e c n e r e f f i d i g n w o h S n o i t a fl n i h s u p - t s o c • • • • n o i t a fl n i f o s e p y t / s e s u a C n o i t a fl n i l l u p - d n a m e D n o i t l a f n i h s u p - t s o C n o i t a fl n I • • • • 8 3 - a fl n i f o i g n n a e m e h t i l n a p x e - a fl n i - fl n i h s u p - t s o c e b i r c s e d n o i t a fl n i h s u p - t s o c d n a l l u p n o i t • • • • n o i t a fl n i l l u p d n a m e D n o i t a fl n i h s u p t s o C n o i t a fl n I 19 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : r
                               20 ) e g d e l w o n 0 k 4 d n a s e d u t i t t a , s l l i k S ( T N E T N O C T N U I l : : t n e m y o p m
J B O S T P E C N O C Y E K 1 4 : t n e m y o p m e n u l f o s e s u a c / s e p y T  - - - - - f o s e p y t e h t n a p x e l i t n e m y o p m e n u l   t n e m y o p m e n U l ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :           - - s c i t s i r e t c a r a h C        • • • • f o s n g s i n o i g n h c r
e i l l i M • • • • • • • • l - - - - : t n e m p o e 2 v 4 e d l f o s n g S i • • • • - i t t a , s l l i k S ( ) e g d e w o n k d n a s e d u t : o t l e b a e b d u o h s l s r e n r a e L 21 T N E M P O L E V E D D N A H T W O R G C M O N O C E I K ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( .
S E T O N D N A S E T V T C A I I I l ) e g d e w o n k d n a s e d u t i t t a : - • • • • • fi f e n i d n a i t n e c fi f e e h t n o s t n o p i i g n b i r c s e D • t i n e c fi • s t i n o p C P P e h t n o s t n o p i e t l a e r • i t n e c fi f e n i d n a i t n e c fi f e f o s t n e m e t a t s i g n y f i t n e d I • d n a s t c a f f o s t n e m e t t a S • - a m r o n n e e w e b t i h s u g n i t s d i • - • • • • - - - - s t i n o p t i n e c fi f E l e b a n a i s t i n o p t i n e c fi f e n I t t a n u t u b d e r i s e D • • • C P P e h T • - o r P f o i g n n a e m e h t l i n a p x e - - f e f o s t p e c n o c e h t l i n a p x e • • • • e v r u c y t i l i b i s s o p n o i t c u d o r P ) C P P ( n o i t a c o l l a e c r u o s e r t n e i c fi f E - a c o l l a e c r u o s e r n i y c n e c fi i n o i t 22 ECONOMICS SYLLABUS FORMS 1 - 4 S E C R U O S E R D E T S E G G
FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : - i t l u M l s o o t T C I      - - - :  d n a s e g a t n a v d a e h t e t a t s   d e n n a l P t e k r a M d e x i M ) e g d e l w o n k d n a s e d u t i t t a l : o t e l b a e b d u o h s s r e n r a e L , s l l i k S (       d n a y r a d n o c e s , y r a m i r p n o i t c u d o r p y r a i t r e t - d
        - - -       - r e t n i e h t e b i r c s e d m r o f e r d n a l ’ s e w b a b m Z i e m m a r g o r p 6 4 5 4 d n a l ’        23 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e w o n k d n a s e d u t i t t a : • • • • • • • d n a m e d d e v i r e d i g n b i r c s e D - • • l y p p u s d n a d n a m e d g n i t c e f - f a s r o t c a f e h t i g
 n b i r c s e D • - fi g n i t r o p e R s e i t i v i t c a • • • • • • r o f d n a m e d d e v i r e d i l n a p x e - • - n e v r e t n i t n e m n r e v o G s n o n u i e d a r T - - - - a n m r e t e d e g a w n i n o i t n e v n o i t - t c e f f a s r o t c a f e h t i l n a p x e • • • • • 24 , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : - i t l u M l s o o t T C I        d n a m e d f o s t n a n m r
n n a p x E l       - -    d n a m e D f o s t n a n m r e t e D i ECONOMICS SYLLABUS FORMS 1 - - i t l u M          ) e s a e r c e d d n a e s a e r c n i ( .
                    , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : 25 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :    a
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        26 d e d n e m m o c e R s k o o b t x e t l s o o T T C I   - g n o l d n a n u r - t r o h s s e c n e r e f f i d e h t g n n i i l t u O       ) e g d e l w o n k d n a s e d u t i t t a l : , s l l i k S ( ECONOMICS SYLLABUS FORMS 1 -     u
      - i t l u M        - - -  : s e r u t c u r t s t e k r a M  , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : o t e l b a e b d u o h s s r e n r a e L   - - - - - d e t i m i l e t a v i r p - - - -    - i
a p m o c i s e n a p m o c i s e n a p m o c - ) C N M (       ) e g d e l w o n k d n a s e d u t i t t a l : o t e l b a e b d u o h s s r e n r a e L , s l l i k S ( 27 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e w o n k d n a s e d u t i t t a : • • • • • - - - - - • f o s t n e n o p m o c e h t y f i t n e d i • • 28 , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :    e w b a b m Z i f o k n a b e v r e s e R l i a c
   l i a c r e m m o c ( : , s k n a b y m o n o c e l i a c n a n i f f o e o R l   n a n i k n a b l a r t n e c y m o n o c e i )   i g n k n a B ECONOMICS SYLLABUS FORMS 1 -  , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :        - - - - n o n o i t a l f n i f o s t c e f f E      n o i t a l f n I f o s t c e f f E s r e n r
  29 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : - i t l u M i a d e m t n i r P i a d e m t n i r P                            A
       30 I S D A d n a V H I ECONOMICS SYLLABUS FORMS 1 - ) e g d e l w o n k d n a s e d u t i t t a l : , s l l i k S (         , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :       e
      - - - e d a r t f o e c n a a B l : - - t n u o c c a t n e r r u c - t n e m y a p f o e c n a a B l 8 5 9 5     ) T O B ( ) s u p r u s / t i c i f e d ( ) P O B (       s t r o p x E s t r o p m I e d a r t n g e r o F i 31 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :       P
      - - - e d a r t f o e c n a a B l : - - t n u o c c a t n e r r u c - t n e m y a p f o e c n a a B l     ) T O B (     ) s u p r u s / t i c i f e d ( l f o e c n a a b e t a u c a c l l  ) P O B ( s t n e m y a p i t e r p r e t n  32 , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :           d n a
s u a C t n e m p o e v e d l 9 5 0 6       ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : - - - i t l u M                 e n i l i t h g a r t s /             c
) C P P ( 33 .
N 8 8 I I .
I S C M O N O C E O T N O T C U D O R T N I I ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( • • • • ’ • • S E T O N D N A S E T V T C A I I I l ) e g d e w o n k d n a s e d u t i t t a : • d n a s e i t i r a l i m s i e h t y f i t n e d i • - - - - r u c ’ • - o c e t n e r r u c ’ s e w b a b m Z i • ) e g d e l w o n k d n a s e d u t i t t a l : , s l l i k S ( 34           t c u d o r p l i a n g r a m t c u d o r p e g a r e v
- - - -     y t i v i t c u d o r p e b i r c s e d       ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :              l s a i t n e r e f f i d s e c i i l o p - a
e g i t s e r p r e d n e g k s i r 5 6 i g n n a r t i - - - - - - - - - i s t n a n m r e t e d e g a W      35 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :           - - - ) c i t s a e n l i d n a c i t s a e (     - - - : o t d n a m e d i f o s t n a n m r e t e d e
 n i l t u O    36 , s l l i k S (     .
     ) e g d e l w o n k d n a s e d u t i t t a l : o t e l b a e b d u o h s s r e n r a e L ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( )         - - : / e g a t r o h s l y p p u s s s e c x e - - t e k r a m e h t n o d n a m e d 8 6   : o t     37 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( T N E T N O C T N U I E U N E V E R D N A S
k S ( ) e g d e l w o n k d n a s e d u t i t t a l :    , ) C M = R M ( ( t i f o r p l a m r o n g n n a p x E l i i .
) C A = R A ( n o i t i d n o c      - - :       , s l l i k S ( T N E T N O C T N U I ) R A ( ) R M ( e u n e v e r l i a n g r a m , ) C M ( s t s o c l i a n g r a m : s m r e t e h t n a p x e i l     38 S E T O N D N A S E T V T C A I I I ) e g d e l w o n k d n a s e d u t i t t a l :             - -   m u i r b i l i u q e n u r g n o L : e b i
i   m u i r b i l i u q e n u r g n o L : e b i r c s e d  m u i r b i l i u q e n u r t r o h S ECONOMICS SYLLABUS FORMS 1 -           m u i r b i l i u q e n u r g n o l - , s l l i k S ( ) - i t l u M l s o o T T C I s p i l c o e d V i        .
         l a t i p a c g n s a r i i f o s d o h t e M  f o s d o h t e m e b i r c s e d : .
g n s a e l - - - - - s m r i f f o h t w o r G      ) s E M S ( : o t        39 n a l p s s e n s u B i ) s E M S ( ) e g d e l w o n k d n a s e d u t i t t a l : , s l l i k S (             l a n o i t a n f o s e s u s
n o i t a N     - - -    ECONOMICS SYLLABUS FORMS 1 - ) e g d e l w o n k d n a s e d u t i t t a l : , s l l i k S (              - - - i
   40 , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :       - - s t n e m u r t s n i i c m o n o c E    ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : : .
i a d e m t n i r P     .

 .

e w b a b m Z i n i t e a r n o i t a l f n i y b .
n o i t a l f n i l o r t n o c o t     ) I P R ( ) I P C ( - -     ) I P C ( x e d n I ) I P R ( .
    - - n o i t a l f n i b r u c 41 I N O T A L F N I I N O T A L F N I ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e w o n k d n a s e d u t i t t a : - • • • • • • • • • • - - n a m e c r u o s e r i g n s s u c s D i i - - f a s r o t c a f e h t i g n b i r c s e D - o p m o c d n a e z s i e h t g n i t c e f • • • • • - - - - - e r l e b a n a t s u s i f o s y a W • ) 4 6 – 6 1 ( • • - s u s f o s t p e c n o c e
m e c r u o s e R • - s u s f o s t p e c n o c e h t i l n a p x e : s e v i t a i t i n i - • • • f o n o i t i s o p m o c d n a e z i S • • • • • • • 42 , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l :         - -     s d n e r t t n e m y o p m e n U l n o i t a e r c b o J ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( T N E T N O C T N U I I
E G G U S , s l l i k S ( ) e g d e w o n k d n a s e d u t i t t a : • • • • • .
l u f e s u • • • e g n a h c x e i n g e r o F • - - • - • - - - - • - - - r e m e d d n a s n o s a e r e n i l t u o • • • • • • e d a r t f o s m r e T e g n a h c x e n g i e r o F - i m Z n i i d e s u m s n o i t c e t o r p ) s t i r e m e d d n a s t i r e m , s y a w ( m s i - • i c m o n o c e r o f s n o s a e r e v g i s s e n U A , A S E M O C , C D A S : • m s n o i i t c e o r P t • - n o i t c e t o r p f o s y a w e b i r c s e d • • 43 ECONOMICS SYLLABUS FORMS 1 - , s l l i k S ( ) e g d e l w o n k d n a s e d u t i t t a l : t
          : f o - - ) I C N ( y r t n u o C           f o s t i f e n e b d n a s t s o C       n
       44 ECONOMICS SYLLABUS FORMS 1 - 4 9.0 SCHEME OF ASSESSMENT The syllabus scheme of assessment is grounded on the principle of inclusivity.
Arrangements, accommodation and modifications must be visible in both continuous and summative assessments to enable candidates with special needs to access assessments and receive accurate performance measurement of their ability.

9.1 Assessment objectives By the end of the course learners should be able to: 9.1.1 outline the link between economic variables and prevailing economic circumstances 9.1.2 criticise any economic issue using facts and value judgement.
9.1.3 describe economic phenomena, facts, convention, concepts, principles and theories, using economics terminology.

apply economic tools tools of analysis to contribute to the economic transformation of Zimbabwe.

demonstrate economic knowledge in verbal, diagrammatic, pictorial and graphical form.

evaluate the social and environment implications of a particular course of economic action.

9.1.4 9.1.5 select, organize, analyse and interpret business and financial data with the aid of technology.
9.1.6 9.1.7 9.1.8 show that economic theory is subject to various limitations and uncertainties.

9.1.9 9.1.10 exhibit respect, honesty and integrity (Unhu/Ubuntu).

9.1.11 work independently and in groups to achieve appropriate goals in set time lines.

plan and organize an area of study for course work.
9.2 FORMS OF ASSESSMENT ASSESSMENT CONTINUOUS SUMMATIVE TOTAL 9.2 1 CONTINUOUS ASSESSMENT WEIGHING 30% 70% 100% Level Form 1 Form 2 Form 3 Form 4 Total Assessment task Practical Assignment Theory Test Written Research Project Frequency 1 per term 1 per term 1 per year Practical Assignment Theory Test Written Research Project 1 per term 1 per term 1 per year Practical Assignment Theory Test Written Research Project 1 per term 1 per term 1 per year 2 Theory Tests Written Research Project (continued from form 3) Weighting 5 5 10 10 30 N.B.
All assignments, tests and projects should be marked out of 100 Soft skills should be assessed as learners do the continuous assessment tasks 45 ECONOMICS SYLLABUS FORMS 1 - 4 ASSESSMENT CONTINUOUS ASSESSMENT 30% SUMMATIVEASSESSMENT 70% FORM 1 FORM 2 FORM 3 FORM 4 Multiple Response DataResponse Essays 30% 70% 100 % 46 ECONOMICS SYLLABUS FORMS 1 - 4 9.2.2 SUMMATIVE ASSESSMENT PAPER TYPE OF PAPER DURATION MARKS WEIGHTING 1 2 3 TOTAL Multiple choice Data response Essays 1hr 15 1hr 15 1hr 15 40 40 40 20% 20% 30% 70% 9.2.3 SPECIFICATION GRID Content Distribution Introduction to Economics Paper 1 1.
2.

Economic systems 3.

Production 4.

Labour 5.

Demand theory 6.

Supply theory 7.

Market equilibrium 8.

Cost structures and revenue 9.

Market structures 10. Business organisation 11.

National income accounting 12.

Money and banking 13.

14.

Population 15.

Unemployment and job creation 16.

Domestic and Foreign trade 17.

Economic growth and develop- Inflation ment 18.


Market failure and government intervention 9.2.4 SKILL DISTRIBUTION Skill Knowledge and under- standing Interpretation and applica- tion Problem solving Total Paper 1 30 40 30 100 Paper 2 1.

Production 2.

Labour 3.

Demand theory 4.

Supply theory 5.

Market equilibrium 6.

Cost structures and revenue 7.

Market structures 8.

National income accounting 9.

10.

Population 11.

Unemployment and job creation 12.

Domestic and Foreign trade 13.
Economic growth and develop- Inflation ment Paper 3 1.Introduction to Economics 2.Economic systems 3.Production 4.Labour 5.Demand theory 6.Supply theory 7.Market equilibrium 8.Cost structures and revenue 9.Market structures 10.Business organisation 11.National income accounting 12.Money and banking 13.Inflation 14.Population 15.Unemployment and job creation 16.Domestic and Foreign trade 17.6Economic growth and development 18.Market failure and government intervention Paper 2 20 40 40 100 47 ECONOMICS SYLLABUS FORMS 1 - 4 9.2.5 DESCRIPTION OF PAPERS Paper 1 Multiple choice The paper consist of 40 items with 4 options per question A,B.C or .D.
Candidates are required to select the most appropriate option in a duration of 1 hr.

15 minutes.

The paper will carry 20% of the marks for the learning area.

Paper 2 Data response The paper will consist of two compulsory questions each carrying 20 marks testing particular knowledge and under- standing and problem solving skills.

The paper will carry 20% of the marks for the learning area and the time duration of the paper is 1hr 15 minutes.
Paper 3 Theory Essays This paper will consist of 10 questions and candidates will be required to attempt 4 questions.

The paper will carry 30% of the marks and will be of 2hrs duration.

Paper 4 Continuous assessment The continuous assessment will carry 30% of the marks.

It will be based on assignments, tests and projects.
10.0 GLOSSARY/APPENDICES NB A checklist such as this is neither exhaustive nor prescriptive: unless it is indicated as `not required’, the omission of an item from this list does not mean that examiners will not refer to it, while teachers may find it helpful or desirable in their courses to introduce terms and concepts even if they lie outside the scope of the examined syllabus.
abnormal profit absolute advantage accelerator active balances ad valorem tax aggregate demand aggregate expenditure aggregate supply allocative efficiency appreciation (exchange rate) at constant prices at current prices at factor cost at market prices automatic stabilisers autonomous average cost capital: output ratio cash ratio change in demand change in quantity demanded cheques infrastructure injections integration interest interest rate internal economies of scale occupational mobility official financing average propensity average revenue average variable cost balance for official financing balance of payments balance of trade balanced Budget balancing item Bank Rate barriers to entry barriers to exit barter base date bilateral trade birth rate broad money supply budget line death rate deficit deposits deflation demand conditions demand cuve demand-deficiency unemployment market market economy market failure market system marketing economies maximization private benefits private costs 48 ECONOMICS SYLLABUS FORMS 1 - 4 oligopoly open economy open market operations opportunity cost optimum population optimum resource allocation other things being equal Pareto optimality Patents pensions perfect competition perfectly elastic quotas rate of interest rationing resources Retail Prices Index risk-bearing economies of scale technical economies terms of trade saving scarcity seasonal unemployment secondary sector shoe leather cost of inflation short run transactions Smith, Adam social costs unemployment unstable equilibrium variable costs visible balance wage differentials withdrawals private goods private sector liquidity privatisation production possibility curve productive efficiency productivity profit maximization proportional taxation protectionism public goods progressive taxation quality of life standard of deferred payments standard of living store of value supply curve tariffs taxation technical unemployment total revenue tertiary sector trade cycle services shares trade unions demand for money transfer earnings special deposits transfer payments urbanization vertical integration voluntary unemployment wages working capital 49 ECONOMICS SYLLABUS FORMS 1 - 4