CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS PREPARATION
Economics Unit I — Exam Prep
Subject Description
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 Discrimnation
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.
Your 5-Step Study Guide
- Explore: Choose a lesson and click Materials to see the plan.
- Study: Watch the videos, read the online links, and cross-reference with your textbook and notes.
- Practice: Complete the timed quizzes (10 Multiple Choice + Two Long Answer). Treat this like a real exam to get the most out of it!
- Cool Down: Enjoy a “brain cooler” at the end of every lesson.
- Connect: Questions? Use the comments to reach out to the CZITT team!
Subject Content
Subject Content
Lesson 1 — The Central Economic Problem: Scarcity
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2 Quizzes
S6 Economics Unit I – Day 1 MCQs
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S6 Economics Unit I – Day 1 LAQs
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Lesson 2 — Theory of Consumers’ Demand
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2 Quizzes
S6 Economics Unit I – Day 2 MCQs
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S6 Economics Unit I – Day 2 LAQs
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Lesson 3 — Indifference Curve Analysis and Consumer Equilibrium
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2 Quizzes
S6 Economics Unit I – Day 3 MCQs
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S6 Economics Unit I – Day 3 LAQs
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Lesson 4 — Variations in Demand
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2 Quizzes
S6 Economics Unit I – Day 4 MCQs
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S6 Economics Unit I – Day 4 LAQs
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Lesson 5 — Income and Cross Elasticities of Demand
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2 Quizzes
S6 Economics Unit I – Day 5 MCQs
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S6 Economics Unit I – Day 5 LAQs
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Lesson 6 — Production: Factors of Production
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2 Quizzes
S6 Economics Unit I – Day 6 MCQs
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S6 Economics Unit I – Day 6 LAQs
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Lesson 7 — The Short Run and the Long Run
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2 Quizzes
S6 Economics Unit I – Day 7 MCQs
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S6 Economics Unit I – Day 7 LAQs
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Lesson 8 — Total, Average and Marginal Costs
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2 Quizzes
S6 Economics Unit I – Day 8 MCQs
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S6 Economics Unit I – Day 8 LAQs
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Lesson 9 — Economies and Diseconomies of Scale
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2 Quizzes
S6 Economics Unit I – Day 9 MCQs
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S6 Economics Unit I – Day 9 LAQs
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Lesson 10 — Variations in Supply
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2 Quizzes
S6 Economics Unit I – Day 10 MCQs
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S6 Economics Unit I – Day 10 LAQs
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Lesson 11 — Market Equilibrium
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2 Quizzes
S6 Economics Unit I – Day 11 MCQs
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S6 Economics Unit I – Day 11 LAQs
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Lesson 12 — Consumer Surplus and Producer Surplus
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2 Quizzes
S6 Economics Unit I – Day 12 MCQs
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S6 Economics Unit I – Day 12 LAQs
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Lesson 13 — Market Structure I
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2 Quizzes
S6 Economics Unit I – Day 13 MCQs
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S6 Economics Unit I – Day 13 LAQs
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Lesson 14 — Market Structure II
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2 Quizzes
S6 Economics Unit I – Day 14 MCQs
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S6 Economics Unit I – Day 14 LAQs
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Lesson 15 — Monopolies and Price Discrimnation
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2 Quizzes
S6 Economics Unit I – Day 15 MCQs
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S6 Economics Unit I – Day 15 LAQs
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Lesson 16 — Economic Welfare: Economic Efficiency
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2 Quizzes
S6 Economics Unit I – Day 16 MCQs
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S6 Economics Unit I – Day 16 LAQs
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Lesson 17 — Market Failure
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2 Quizzes
S6 Economics Unit I – Day 17 MCQs
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S6 Economics Unit I – Day 17 LAQs
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Lesson 18 — Market Interventions to correct Market Failure
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2 Quizzes
S6 Economics Unit I – Day 18 MCQs
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S6 Economics Unit I – Day 18 LAQs
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Lesson 19 — Determination of Factor Prices
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2 Quizzes
S6 Economics Unit I – Day 19 MCQs
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S6 Economics Unit I – Day 19 LAQs
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Lesson 20 — The Labour Market: Marginal Productivity Theory
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2 Quizzes
S6 Economics Unit I – Day 20 MCQs
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S6 Economics Unit I – Day 20 LAQs
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Lesson 21 — Wage Differentials
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2 Quizzes
S6 Economics Unit I – Day 21 MCQs
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S6 Economics Unit I – Day 21 LAQs
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Lesson 22 — Poverty
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2 Quizzes
S6 Economics Unit I – Day 22 MCQs
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S6 Economics Unit I – Day 22 LAQs
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Lesson 23 — Income Inequality
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2 Quizzes
S6 Economics Unit I – Day 23 LAQs
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S6 Economics Unit I – Day 23 MCQs
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Lesson 24 — Government Strategies to Alleviate Poverty
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2 Quizzes
S6 Economics Unit I – Day 24 LAQs
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S6 Economics Unit I – Day 24 MCQs
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Lesson 25 — Decision Making with Incomplete Information
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2 Quizzes
S6 Economics Unit I – Day 25 MCQs
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S6 Economics Unit I – Day 25 LAQs
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