omics Sample Question Explain how a decrease in the price of a substitute good affects the demand for a product. Illustrate your answer with a diagram. Macroeconomics Sample Question Discuss the implications of persistent inflation on economic growth and unempl
ing importance of analytical rigor. As economics continues to evolve, so too must our approaches to teaching and assessment, but foundational principles exemplified in the 2002 mark scheme remain relevant for fostering a deep and applied understanding of economic concepts. References E
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ich emphasizes foundational economic concepts. Key topics covered include: Microeconomics Demand and supply analysis Price elasticity of demand and supply Market equilibrium Types of market structures (perfect competition, monopoly, monop
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ss. Diversifying export markets and products. Social and Inclusive Growth Considerations The memorandum underscores the importance of inclusive policies aligning with economic growth. Addressing Poverty and Unemployment Focus on rural employment schemes. Skill development initiatives to mat
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