Economics is concerned with the study of how scarce resources are allocated, given the unlimited wants of a society.  The study of economics will enable students to make a better assessment of , and an improved contribution to, discussions on political, economic and social issues.

The CSEC Economics syllabus introduces students to relevant economic concepts and principles that will provide the foundation necessary for a proper understanding of how economies work, especially the economies of small states like those in the Caribbean.  It also gives students the critical knowledge and skills to communicate ideas using the language and tools of the discipline of Economics.

The CSEC Economics syllabus provides a useful foundation not only for further study in Economics but also study in other Social Science subjects, including History, Politics, Business and International Relations.

In summary, the syllabus seeks to equip students with the basic tools necessary for an understanding and interpretation of economic phenomena experienced by Caribbean people and for communicating, intelligently and effectively, on economic issues in the region and the wider international community.

The syllabus aims to:

• develop an understanding of the essential concepts and principles of Economics;
• equip students with the tools needed for economic analysis, thus enabling sound, informed decisions as consumers of goods and services;
• provide students with the foundation that will enable their study in other disciplines that include concepts and principles of Economics and make use of the analytic approaches of Economics;
• develop an awareness and appreciation of economic issues peculiar to the region.

The syllabus is arranged in seven sections sub-divided into specific objectives and corresponding content.

• The nature of Economics
• Production, Economic Resources and Resource Allocation
• Markets and Prices
• The Financial Sector
• Economic Management: Policies and Goals
• International Trade
• Caribbean Economies in a Global Environment