Subject Description

CAPE Economics Unit I exam prep from CZITT covers the core of microeconomics: scarcity and choice, demand and supply, market structures, market failure and government intervention, and distribution theory. Diagrams and worked examples are explained step by step, and timed multiple-choice and essay questions help you practise in the CAPE exam format.

Stop poor exam results and start confident exam success with our comprehensive 25-lesson curriculum.

Most courses skim the surface. This program is different. Over 25 structured lessons, we go deep into Economics Unit I, moving you from foundations to full exam readiness.

What’s Inside:

Phase 1 : The Central Economic Problem: Scarcity · Theory of Consumers’ Demand · Indifference Curve Analysis and Consumer Equilibrium · Variations in Demand · Income and Cross Elasticities of Demand
Phase 2 : Production: Factors of Production · The Short Run and the Long Run · Total, Average and Marginal Costs · Economies and Diseconomies of Scale · Variations in Supply
Phase 3 : Market Equilibrium · Consumer Surplus and Producer Surplus · Market Structure I · Market Structure II · Monopolies and Price Discrimination
Phase 4 : Economic Welfare: Economic Efficiency · Market Failure · Market Interventions to correct Market Failure · Determination of Factor Prices · The Labour Market: Marginal Productivity Theory
Phase 5 : Wage Differentials · Poverty · Income Inequality · Government Strategies to Alleviate Poverty · Decision Making with Incomplete Information

Bonus Materials: 25 MCQ quizzes, 25 LAQ practice sets, and curated online reading resources included.

The Result: You won’t just “learn” Economics; you will pass your CAPE Economics Unit I exam with confidence.

This subject is part of CZITT’s CAPE Exam Prep Courses programme. Lessons follow the official CAPE syllabus from the Caribbean Examinations Council (CXC), so every topic you study matches what can be examined. Work through the lessons in order, or go straight to the topics you find most challenging.