Economics
CAPS-aligned Economics practice for Grade 11: 4 terms, 16 topics, with instant feedback, streaks and a leaderboard.
Term 1
Factors of Production and Remuneration
The four factors (land, labour, capital, entrepreneurship), their mobility and remuneration forms (rent, wages, interest, profit) in the SA context.
GDP, GNI and Gross Value Added
Three approaches to measuring GDP, the distinction between GDP and GNI, nominal vs real GDP, and GDP per capita calculations.
South Africa's Mixed Economy
Features of SA's mixed economy, public and private sector roles, public/merit/demerit goods and the four-sector economic structure.
Infrastructure and Economic Exclusion
Types of infrastructure, the link between infrastructure and development, apartheid spatial exclusion and post-1994 policy responses.
Term 2
Price Elasticity of Demand and Supply
PED and PES formulas, elastic/inelastic/unit elastic interpretation, factors affecting elasticity, the total revenue test and taxation policy applications.
Income and Cross Elasticity of Demand
YED for normal, inferior and luxury goods; XED for substitutes and complements; formula calculations and SA consumer behaviour applications.
Market Structures, Costs and Revenue
Perfect competition, monopolistic competition, oligopoly and monopoly; fixed/variable/marginal costs; TR, AR, MR; profit maximisation at MC = MR.
Gini Coefficient and Income Redistribution
Lorenz curve, Gini coefficient calculation and interpretation, SA's extreme inequality context, and evaluation of redistribution policies.
Term 3
Developing Economies and Poverty
Developing vs developed economy characteristics, absolute and relative poverty, HDI, poverty cycle, causes and effects in SA, and government interventions.
Money, Banking and the Central Bank
Functions of money, commercial banks and credit creation, SARB functions, the repo rate and how monetary policy controls inflation.
Micro-lending and Financial Inclusion
Micro-lending definition, SEFA, Grameen Bank group lending, stokvels, the National Credit Act, over-indebtedness and evaluation as a poverty tool.
South Africa in Africa: SADC and NEPAD
SA's economic role in Africa, SADC objectives and achievements, NEPAD principles and APRM, the African Union, BRICS and regional integration evaluation.
Term 4
Globalisation and the North-South Divide
Globalisation features, WTO/BRICS/AGOA trade frameworks, advantages and disadvantages for developing countries, and the North-South development gap.
Environmental Deterioration and Sustainability
Negative externalities, market failure, climate change impacts on SA, Brundtland sustainable development, carbon tax, Paris Agreement and Kyoto Protocol.
Current Economic Issues and Quantitative Skills
SA's unemployment, load-shedding, inflation and exchange rate challenges; index numbers, nominal vs real values, GDP per capita, and structured exam technique.
Year-end Examination Revision
Consolidated revision of all Grade 11 Economics topics across Terms 1–4 with exam paper format guidance for Papers 1 and 2.
Ready to start practising Economics?