Economics
CAPS-aligned Economics practice for Grade 12 — 4 terms, 15 topics, with instant feedback, streaks and a leaderboard.
Term 1
Circular Flow and the Multiplier
Open-economy circular flow, leakages and injections, equilibrium income and the multiplier in the South African context.
Business Cycles
Business-cycle phases, features, indicators and policy responses used to stabilise the economy.
The Public Sector
Roles of the public sector, budgeting, taxation and common forms of public-sector failure in Economics CAPS.
Foreign Exchange and the Balance of Payments
Foreign exchange markets, exchange-rate changes and the balance of payments in the South African economy.
Term 2
Trade Policy and Protectionism
Trade policy choices, protectionist tools and their effects on producers, consumers and growth.
Perfect Markets
Features of perfect competition, firm equilibrium and efficiency outcomes in perfectly competitive markets.
Imperfect Markets
Imperfect-market structures, market power, barriers to entry and strategic behaviour.
Market Failure and Cost-Benefit Analysis
Market failure, externalities, public goods, merit goods and the use of cost-benefit analysis.
Term 3
Growth, Development and Industrial Policy
Economic growth, development, industrial policy, beneficiation and structural transformation.
Economic Indicators and Inflation
Key economic indicators, inflation types, causes, effects and anti-inflation policy.
Tourism and Environmental Sustainability
Tourism, multipliers, leakages, sustainability and environmental management in the South African economy.
Contemporary Economic Issues
Current South African economic issues such as unemployment, energy constraints, inequality and inclusive policy responses.
Term 4
Macroeconomics Revision
Revision of Grade 12 macroeconomics topics with an exam focus on definitions, data response and policy evaluation.
Microeconomics Revision
Revision of Grade 12 microeconomics with a focus on trade policy, market structures and government intervention.
Economic Pursuits and Contemporary Issues Revision
Final revision across growth and development, industrial policy, inflation, tourism and contemporary South African issues.
Ready to start practicing Economics?