Description

KASNEB CPA ECONOMICS REVISION KIT

KASNEB CPA ECONOMICS REVISION KIT UNIT DESCRIPTION

The KASNEB CPA Economics Revision kit is intended to equip the candidate with knowledge, skills and attitude to identify the impact and interaction of economic principles in various situations and apply the principles in decision making.

KASNEB CPA ECONOMICS REVISION KIT LEARNING OUTCOMES

A candidate who passes this paper should be able to:

• Apply basic mathematical and graphical techniques to analyse economic relationships
• Apply the knowledge of economics in decision making
• Analyse economic problems and suggest possible policy related recommendations
• Apply knowledge of economics in international trade and finance
• Relate economics to income levels and development in a country

CONTENT

1. Microeconomics
   • Introduction to economics

1.2               Demand, supply and determination of equilibrium

• Demand analysis
• Supply analysis
• Determination of equilibrium
• The theory of consumer behavior
• The theory of a firm
• The theory of costs
• Market structures

 

2. Macroeconomics
   • National income
   • Economic growth, economic development and economic planning
   • Money and banking
     • Money
     • The banking system

2.4 Inflation and unemployment

2.4.1 Inflation

2.4.2 Unemployment

2.4.3 Agriculture and Industry

2.4.4 International trade and finance