Grad 11 Pre

Please use the following only as a guideline when studying for the exam. Always remember to use your in-class notes and study guide materials before consulting the text for further review. The on-line tests may also be used as a means of refreshing your knowledge and understanding of the economic concepts and ideas examined throughout the course.

Topics of Study	Reference
Demand, Supply and Elasticity - curve shifts (changes), application and various degrees of elasticity and revenue conditions	Study Guide (SG) 21-41; Ch. 6 text
Market Structures - monopoly, oligopoly, monopolistic and perfect competition; characteristics of each type of market structure	SG 91-110; Ch. 7
Personal Investment & Finance - mutual funds, understanding different types of securities and their associated risks	SG 111 - 119; Ch. 10
Labour Markets & Unions - labour market demand & supply; unions and their effect on labour markets - organization, structure & operation of labour unions	SG 42-58; Ch. 8 & 9
GDP / Injections-Leakages / Inflation & Unemployment (Macroeconomics) - only basic definitions of each (no mathematical computations required)	SG 120 - 141

(Please note that only the above topics will be covered - yes that means nothing on income statements, balance sheets, entrepreneurship and the stock market)

Exam Break Down (61 marks at 1.5 hours)

Section A - Multiple Choice (35 questions - 35 marks)

Section B - True-False & Explain (10 marks)

Section C - Data Response (16 marks)
- involves reading a news article extract and answering a series of questions

NOTE:
Macroeconomics will only comprise 5 marks of the 61, so you should be able to determine where the emphasis for the exam will be placed.