2019 Economics Entrance Exam – Full Content Guide Part one | 1-50| (Grades 9-12) |

Описание: Are you preparing for the 2019 Ethiopian Economics Entrance Exam? This video covers EVERYTHING you need to know – perfect for students in Ethiopia, the USA, Canada, the UK, Europe, China, Australia, and around the world!

Whether you're a Grade 12 student in Ethiopia, an international student preparing for university entrance exams (AP Economics, A-Levels, IB), or someone reviewing economics concepts, this video is for you. Our step-by-step explanations make complex economics topics easy to understand!

📚 What You'll Learn:

✅ Chapter 1: Introduction to Economics

Meaning, branches, methods, decision-making units

Scarcity, choice, opportunity cost

Central problems of economies

Economic systems (market, command, mixed)

Types of resources and factor payments

Renewable vs non-renewable resources

Circular flow of economic activities

Land as an economic resource in Ethiopia

✅ Chapter 2: Theory of Consumer Behavior

Concept of utility (cardinal and ordinal)

Consumer maximization problem

Indifference curves (properties, MRS, special types)

Budget line (slope, income & price effects)

Consumer equilibrium

Price consumption curve and demand curve derivation

✅ Chapter 3: Demand, Supply, Production and Cost

Concept of demand and supply

Theory of demand and supply

Market equilibrium

Elasticities of demand and supply

Theory of production

Theory of cost

✅ Chapter 4: Market Structure and Firm Decisions

Review of market structures

Perfect competition (demand, revenue, short-run & long-run equilibrium)

Pure monopoly (revenue, equilibrium, price discrimination)

Monopolistic competition (product differentiation, costs, equilibrium)

Oligopoly (collusive and non-collusive)

✅ Chapter 5: Economic Growth, National Income Accounting & Development

Macroeconomic variables

Definition and measurement of economic growth

Sources of economic growth

Weaknesses of GDP/GDP per capita

Business cycle and its phases

National income accounts (GDP, GNP)

Measurement approaches (expenditure, income, value-added)

GDP deflator and CPI

Nominal vs real GDP

Income distribution

Economic growth vs economic development

HDI (Ethiopia's rank)

Capability approach

Sustainable development

MDGs (2000-2015) and SDGs (2015-2030)

✅ Chapter 6: Consumption, Saving and Investment

APC and MPC

APS and MPS

Determinants of consumption and saving

Relationship between saving and consumption

Investment types, determinants, and role in economic growth


Mercantilist and classical trade theories

Balance of payments (current and capital account)

Trade policies and strategies

Exchange rate (nominal, real, fixed, floating)

Regional integration and globalization in Ethiopia

✅ Chapter 8: Ethiopian Economic Development, Environment & Climate Change

Agricultural, industrial, and service sectors

Agriculture vs industry

Agricultural policies (uni-modal, bi-modal)

Ethiopia's strategies and problems

Industrial policies (Imperial, Derg, Post-1991)

Service sector policies (education, health, transport, tourism)

Economy and environment

Global warming and climate change (causes, impacts, vulnerability, remedies)

Green economy and green growth

✅ Chapter 9: Macroeconomic Policy and Reforms

Definition and focus areas of macroeconomics

Key challenges (growth, inflation, unemployment, business cycle, balance of trade)

Schools of thought (Classical, Keynesian, Monetarist, New Classical, New Keynesian)

Fiscal policy, monetary policy, income policy, foreign exchange policies

National development plans (Imperial, Socialist, FDRE, 2021-2030)

Home-grown economic reforms

Fiscal decentralization (advantages and disadvantages)

✅ Chapter 10: Aggregate Demand and Aggregate Supply

Concept of AD, AD curve, shifts in AD

Concept of AS, SRAS (upward sloping), LRAS (vertical)

AD-AS equilibrium, demand shocks, supply shocks

✅ Chapter 11: Market Failure and Consumer Protection

Common types of market failures

Solutions to market failures

Public goods, externalities, asymmetric information

Consumer protection



✅ Chapter 13: Poverty and Inequality

Concept, types, and measurement of poverty

Sen's approach to poverty and wellbeing

Global and regional poverty

Women and poverty

Poverty and inequalities in Ethiopia

Role of indigenous knowledge in reducing poverty

✅ Chapter 14: Business Startups and Innovation

Innovation, business startups
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