South Africa Grade 12 Economics

The South Africa Grade 12 Economics curriculum aims to equip learners with a comprehensive understanding of economic principles, both from macro and micro perspectives. It covers a range of topics, including production, consumption, exchange, market forces, and government intervention. The curriculum is guided by the Curriculum and Assessment Policy Statement (CAPS), which outlines the nature and purpose of the subject and provides detailed guidelines for teaching and assessment.

Key Topics Covered:

• Macroeconomics:
• Circular flow
• Business cycles
• Public sector
• Foreign exchange markets
• Protectionism and Free Trade
• Microeconomics:
• Perfect markets
• Imperfect markets
• Market failure
• Economic Pursuits:
• Growth and Development
• Industrial development policies
• Economic and social performance indicators
• Economic Issues:
• Inflation
• Tourism
• Environmental sustainability

Exams and Assessment:

The Grade 12 Economics examination consists of two papers, each carrying 150 marks and lasting 1½ hours. Exam guidelines are available to provide clarity on the scope and depth of content assessed. Past papers and memos are also available for students to practice.

Study Guides and Resources:

Various study guides and resources are available to support learners, including "Mind the Gap" study guides, textbooks, and online materials.