This syllabus is designed to assess candidates’ knowledge of basic economic principles needed for rational decision making relating to individuals, businesses, government and society. Such knowledge is necessary in enhancing their appreciation of government economic policies, problems of implementation and how they impact on the economy. This will help candidates to understand that economics is not only an academic field of study but also a practical subject.
The syllabus will test candidates’
1. knowledge of the basic economic principles, concepts, and the tools for economic analysis;
2. understanding of the structure and functioning of economic institutions – commercial, agricultural, industrial and financial institutions;
3. understanding of the basis for rational economic decisions;
4. ability to explain the basis and structure of the West African economy, including the roles of agriculture, industry and mining and their contributions to the national income;
5. ability to follow the role and status of the West African countries in international economic relationships;
6. ability to appreciate the problems West African countries encounter in their economic development.