Leaving Cert Economics

The Government in the Economy
1. deficits and surpluses
2. Income: central and local government
3. Size, composition and influence of government expenditure
4. Government finance
5. budget
Money and Banking
1. functions of money
2. history
3. types of money
4. Banks and credit
5. central banks
6. supply and demand
Factor Incomes
1. demand
2. rent
3. trade unions
4. interest
5. profit
Inflation
1. Measurement of prices
2. Causes, remedies and effects
3. open and closed economies
4. deflation
Production and Consumption
1. factors of production
  1. Land
  2. Capital
  3. Labour
2. Production and Consumption Units
  1. Firms and Industries
  2. Households
3. Scale of production
Economic System and Economic Thought
1. History
2. Marx, Keynes...
3. Markets
4. Centrally planned economy
5. Mixed economy
Demand and Supply
1. Market
  1. factor
  2. intermediate
  3. final
2. Consumer Demand
  1. Marginal utility
  2. demand curves
  3. elasticities
3. Supply
  1. short run/ long run
  2. assumptions
  3. shifts
  4. elasticity
  5. cost curves
    1. fixed
    2. variable
    3. average
    4. marginal
Price and Output
1. imperfect competition
2. monopoly conditions
3. Perfect competition
Determination of National Income
1. Factors influencing the size and composition
2. measurement
3. statistics
4. limitations
5. concept
International Trade and Payments
1. history
2. theory
3. free trade
4. exchange rates
5. deficits and surpluses
6. balance of trade
7. balance of payments
Economics of Population
1. Global and national population, size, composition and trends
2. Over, under and optimum population
3. The labour force and employment.
Economic Growth and Development
1. Meaning and significance
2. Relative income levels of different countries.
3. Reasons for disparities
4. Economic planning
5. growth and the environment;
6. the Irish experience
Economic Policies, Problems and Conflicts
1. Government social and economic aims
2. Methods of achieving these aims
3. Possible conflicts in achieving them

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Leaving Cert Economics

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