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Cambridge O Levels, Cambridge IGCSE and/or Cambridge International Level 1 or Level 2 Certificates may be taken in the same examination session but certain combinations of subjects are not allowed as described below. Cambridge O Levels are only available for centres in administrative zones 3, 4 & 5. [2
AS & A Level Economics; AS Level Environmental Management (available in Group 1 or Group 3) AS & A Level Geography; AS Level Hindi Literature; AS & A Level Hinduism; AS & A Level History (European, American or International) AS & A Level Islamic Studies; AS Level Language and Literature in English (available in Group 2 or Group 3) AS & A Level Law
In economics, demand refers to the strength of one or many consumers' willingness to purchase a good or goods at a range of different prices. If, for example, a rise in income causes a consumer to be willing to purchase more of a good than before contingent on each possible price, economists say that the income rise has caused the consumer's ...
Cartel - In economics, a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market. It is a formal organisation of sellers or buyers that agree to fix selling prices, purchase prices, or reduce production using a variety of tactics.
Adam Smith in his writing on economics stressed the importance of laissez-faire principles outlining the operation of the market in the absence of dominant political mechanisms of control, while Karl Marx discussed the working of the market in the presence of a controlled economy [2] sometimes referred to as a command economy in the literature ...
Transformation problem: The transformation problem is the problem specific to Marxist economics, and not to economics in general, of finding a general rule by which to transform the values of commodities based on socially necessary labour time into the competitive prices of the marketplace. The essential difficulty is how to reconcile profit in ...
In economics, a leakage is a diversion of funds from some iterative process. For example, in the Keynesian depiction of the circular flow of income and expenditure, leakages are the non-consumption uses of income, including saving, taxes, and imports. In this model, leakages are equal in quantity to injections of spending from outside the flow ...
This course introduces students to theories about the nature and limitations of knowledge (basic epistemology) and provides practice in determining the meaning and validity of knowledge (critical thinking). It is claimed to be a "flagship element" of the Diploma Programme, and is the one course that all diploma candidates are required to take.