Year 8
Markets, business costs, government roles, and trade.
💰 Microeconomics
The Price Mechanism
How prices signal, incentivise, and ration in free markets.
Market Structures
Perfect competition, monopoly, oligopoly, and monopolistic competition.
📈 Macroeconomics
Government and the Economy
Why governments intervene — public goods, merit goods, and regulation.
Types of Taxation
Direct and indirect taxes, progressive, regressive, and proportional taxes.
🏢 Business Economics
Business Costs and Revenue
Fixed costs, variable costs, total costs, and revenue concepts.
Profit, Loss and Break-Even
How businesses calculate profit and find the break-even point.