More and higher-quality goods and services, such as better food, clothing, housing, education, medical care, and entertainment, are needed by both people and nations. The only way to obtain these commodities and services is through the utilization of resources like land, labor, capital, and entrepreneurialism, all of which are in short supply compared to the demand for them and must therefore be managed.

Economics is, in fact, the study of how resources that are relatively scarce are managed to meet the demands of people, organizations, and nations. Economics is a practical discipline that assists individuals, businesses, and governments in identifying their fundamental economic issues and in formulating the appropriate decisions and policies to improve the standard of living for individuals and communities.

A person can learn abilities for effectively managing their financial resources in both their family and their business by studying economics. Students also leave the course with the fundamental skills needed for continued research in the area.

GENERAL AIMS

The syllabus is intended to assist pupils in:

• Become familiar with fundamental economic theories, guidelines, and analysis methods.
• gain a deeper comprehension of how firms, governments, and consumers all contribute to economic growth.
• master the skill of dissecting the composition and operations of industrial, financial, agricultural, and commercial entities.
• Recognize the government’s economic development policies, tactics, and underlying issues.
• Recognize the trade and integration linkages between the Ghanaian economy and other economies.

SCOPE OF CONTENT

The subject matter of the course includes both macroeconomics and microeconomics concepts and fundamental ideas. It gives pupils who will end their education at the SSS level sufficient knowledge for economic analysis and debates. Additionally, it gives individuals who want to pursue their studies in Economics a strong foundation.