Factors of production
Factors of production and remuneration, local economic planning activities, accessibility of marginalised groups, community participation in local economic planning, empowerment and procurement.
Grade 11 Economics
Annual Teaching Plan (Terms 1-4)
The Grade 11 Economics CAPS syllabus in South Africa follows the annual teaching plan with macroeconomics and microeconomics foundations, economic pursuits, and contemporary economic issues such as globalisation and environmental sustainability. Use the term topics below with Grade 11 Economics past papers for exam preparation.
Quick links:Grade 11 CAPS past papers hub
How to study using this page: Revise term topics attempt past papers mark with memos.
Term 1 topics
Weeks 1-11
Assessment: Task 1: Assignment [50]. Task 2: Controlled test 1 [100 marks, 1.5 hrs].
Circular flow and quantitative elements: Economic goods and services
Final consumption expenditure (C), consumption expenditure by Government (G), and gross fixed capital formation (I): definition, composition and importance. Main aggregates (GVA, GNE, GNI).
Economic systems: Mixed economy
Economic systems including free market (capitalism), centrally planned (socialism/command/communism) and dualistic/mixed economy (South Africa as an example).
Economic structure of South Africa
Sectors of the economy (primary, secondary and tertiary), South Africa's infrastructure, service provisioning and access to economic opportunity.
Revision and assessment
Revision and assessment activities (as listed in ATP).
Factors of production
Factors of production and remuneration, local economic planning activities, accessibility of marginalised groups, community participation in local economic planning, empowerment and procurement.
Circular flow and quantitative elements: Economic goods and services
Final consumption expenditure (C), consumption expenditure by Government (G), and gross fixed capital formation (I): definition, composition and importance. Main aggregates (GVA, GNE, GNI).
Economic systems: Mixed economy
Economic systems including free market (capitalism), centrally planned (socialism/command/communism) and dualistic/mixed economy (South Africa as an example).
Economic structure of South Africa
Sectors of the economy (primary, secondary and tertiary), South Africa's infrastructure, service provisioning and access to economic opportunity.
Revision and assessment
Revision and assessment activities (as listed in ATP).
Term 2 topics
Weeks 1-11
Assessment: Task 3: Project [50]. Task 4: June examination (2 papers, 150 marks each, 2 hrs each) [300].
Dynamics of the market: Relationship between markets
Analyse relationships between markets using graphs: relative prices; demand and supply relationships (substitutes and compliments); relationships between product and factor markets. Market structure: perfect and imperfect markets; four basic market structure models; characteristics and differences; classification into perfect and imperfect markets.
Dynamics of markets: Effects of costs and revenue
Explain and illustrate (with graphs) the effects of cost and revenue on prices and levels of production. Objectives of businesses; short-run costs (total, average and marginal) including cost schedules and curves; long-run costs; revenue calculations; changes in revenue; profits and losses. Application includes production and pricing of factors.
Dynamics of markets: Price elasticity
Explain price elasticities, calculate values and use graphs for illustration: price elasticity of demand, price elasticity of supply, and factors determining elasticity of demand.
Revision and assessment
Revision and assessment activities (as listed in ATP).
Dynamics of the market: Relationship between markets
Analyse relationships between markets using graphs: relative prices; demand and supply relationships (substitutes and compliments); relationships between product and factor markets. Market structure: perfect and imperfect markets; four basic market structure models; characteristics and differences; classification into perfect and imperfect markets.
Dynamics of markets: Effects of costs and revenue
Explain and illustrate (with graphs) the effects of cost and revenue on prices and levels of production. Objectives of businesses; short-run costs (total, average and marginal) including cost schedules and curves; long-run costs; revenue calculations; changes in revenue; profits and losses. Application includes production and pricing of factors.
Dynamics of markets: Price elasticity
Explain price elasticities, calculate values and use graphs for illustration: price elasticity of demand, price elasticity of supply, and factors determining elasticity of demand.
Revision and assessment
Revision and assessment activities (as listed in ATP).
Term 3 topics
Weeks 1-11
Assessment: Task 5: Case study [50]. Task 6: Controlled test 3 [100 marks, 1.5 hrs].
Economic growth
Wealth creation and patterns of distribution (distribution, income distribution, wealth distribution, inequality, Gini coefficient and Lorenz curve), redistribution methods, economic growth (meaning and importance, methods, constraints, South Africa's recent growth experience) and standard of living.
Economic development
Measuring levels of development; methods of development; common characteristics (low standard of living, low productivity, high population growth and dependency burdens, high unemployment, dependence on primary sector, deficient infrastructure), developing strategies, South African endeavours, and Indigenous Knowledge Systems (IKS).
Money and banking
Composition of South Africa's money and banking: money (technical functions, modern money, money-associated instruments, monetary system, value of money and stabilising the value of money) and banking (basic principles of credit creation, interest rates). Micro-lending activities. Central banking (basic functions and monetary policy). Bank failures and consequences.
Revision and assessment
Revision and assessment activities (as listed in ATP).
Economic growth
Wealth creation and patterns of distribution (distribution, income distribution, wealth distribution, inequality, Gini coefficient and Lorenz curve), redistribution methods, economic growth (meaning and importance, methods, constraints, South Africa's recent growth experience) and standard of living.
Economic development
Measuring levels of development; methods of development; common characteristics (low standard of living, low productivity, high population growth and dependency burdens, high unemployment, dependence on primary sector, deficient infrastructure), developing strategies, South African endeavours, and Indigenous Knowledge Systems (IKS).
Money and banking
Composition of South Africa's money and banking: money (technical functions, modern money, money-associated instruments, monetary system, value of money and stabilising the value of money) and banking (basic principles of credit creation, interest rates). Micro-lending activities. Central banking (basic functions and monetary policy). Bank failures and consequences.
Revision and assessment
Revision and assessment activities (as listed in ATP).
Term 4 revision focus
Weeks 1-10
Assessment: Revision and assessment (as listed in ATP), with Paper 1 and Paper 2 structures (150 marks each, 2 hours each).
Globalisation
Meaning, causes, consequences, and the North/South divide.
Environmental deterioration and sustainability
The problem; protecting the environment; approaches to sustainability; and the global and local impact on South Africa.
Exam focus (as listed in ATP)
Exam relevance: ATP provides the paper structures and topic lists.
Paper 1 (Macroeconomics): factors of production and its remuneration, economic goods and services, economic systems, South Africa's economic structures. Paper 2 (Microeconomics): relationships between markets, effects of cost and revenue, price elasticity. Economic pursuits: economic growth, economic development, money and banking. Contemporary economic issues: globalisation and environmental sustainability. Cognitive levels: lower order 30%, middle order 40%, higher order 30%.
Globalisation
Meaning, causes, consequences, and the North/South divide.
Environmental deterioration and sustainability
The problem; protecting the environment; approaches to sustainability; and the global and local impact on South Africa.
Exam focus (as listed in ATP)
Exam relevance: ATP provides the paper structures and topic lists.
Paper 1 (Macroeconomics): factors of production and its remuneration, economic goods and services, economic systems, South Africa's economic structures. Paper 2 (Microeconomics): relationships between markets, effects of cost and revenue, price elasticity. Economic pursuits: economic growth, economic development, money and banking. Contemporary economic issues: globalisation and environmental sustainability. Cognitive levels: lower order 30%, middle order 40%, higher order 30%.