2. Syllabus
Quarter Two
Theme title Content Chapter (Textbook)
Role of
Government
1. The government as
producer of goods
and services and as
an employer
Section V, Unit 30
(Cambridge O level
Economics by Susan
Grant)
Role of
Government
1. Types of Taxation
2. Reasons for
government’s
influence on
private producer
3. Fiscal, Monetary
and Supply side
policies
Section V, Unit 32 &
34 (Cambridge O
level Economics by
Susan Grant)
Role of
Government
1. Possible conflicts
between
government aims
2. The impact and
incidence of
taxation
Section V, Unit 33 &
35 (Cambridge O
level Economics by
Susan Grant)
Quarter One
Theme title Content Chapter (Textbook)
Private firm as
producer and
employer
1. Perfect
Competition
2. Monopoly
3. Profit
Maximization
Section IV, Unit 26
& 27 (Cambridge O
level Economics by
Susan Grant)
Private firm as
producer and
employer
1. Economies of scale
2. Advantages and
disadvantages of
increased scale
Section IV, Unit 29
(Cambridge O level
Economics by Susan
Grant)
Role of
Government
1. Aims of government
economic policy
Section V, Unit 31
(Cambridge O level
Economics by Susan
Grant)
3. Summary: UNIT: 26
• Average revenue is total revenue divided by the quantity sold.
• In a perfectly competitive markets, average revenue stays the same as
the quantity sold rises. In most markets, however, firms have to lower
the price to sell more.
• A change in profit may affect the number and size of firms in the
industry.
• Profit can be increased by raising revenue or cutting cost
