, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT
1. Read the following statements in respect of the CAPS for Economics. If you agree with a
statement, you write YES next to the number of the statement. If you disagree with a statement,
you write NO next to the number of the statement. If you write NO, you must give the correct
answer or the reason why you do not agree with the statement:
1.1. The CAPS for Economics came into being in 2012.
YES. The CAPS for Economics was implemented in 2012, following amendments to the National
Curriculum Statement Grades R-12 (NCS). These changes introduced a comprehensive Curriculum
and Assessment Policy for each subject, aiming to provide clear guidelines on what needs to be
taught and learned on a term-by-term basis, replacing the previous two curricula for Grades R-9 and
10-12.
1.2. The teaching time allocated for Economics grades 10,11 and 12 is three (3) hours, three and
a half (3,5) hours, and 5 hours, respectively, per grade.
NO. The allocated teaching time for Economics across Grades 10, 11, and 12 is not 3, 3.5, and 5
hours, respectively. In fact, the correct teaching time is 4 hours per week per grade, as indicated in
the curriculum.
1.3. The PRODUCTION POSSIBILITY CURVE is a grade 10 topic in Economics to be covered
in Term 2.
YES. The Production Possibility Curve is indeed covered in Grade 10 as part of Term 2. This topic is
central to understanding concepts of efficiency, scarcity, and opportunity cost in economics.
1.4. The CIRCULAR FLOW is a topic that is taught in both grades 10 and 11.
YES. The Circular Flow model is taught in both Grade 10 and Grade 11. In Grade 10, it focuses on
the participants, markets, and flows in an open economy, while in Grade 11, it explores the economic
goods and services in relation to the Gross Domestic Product (GDP).
1.5. Microeconomics with two (2) broad topics has a weighting of 20% in the Economics CAPS.
NO. The statement about Microeconomics being weighted at 20% is incorrect. The weighting for
Microeconomics in the Economics CAPS is actually 25%, covering two broad topics: the dynamics
of markets and public sector intervention, along with the composition of the South African economy.
1.6. MONEY AND BANKING forms part of Contemporary economic issues.
NO. The Money and Banking topic does not fall under "Contemporary Economic Issues." Instead, it
is categorized under "Economic Pursuits," which carries a weighting of 25% in the curriculum.
"Contemporary Economic Issues" addresses topics like unemployment, globalisation, inflation, and
poverty.
1. Read the following statements in respect of the CAPS for Economics. If you agree with a
statement, you write YES next to the number of the statement. If you disagree with a statement,
you write NO next to the number of the statement. If you write NO, you must give the correct
answer or the reason why you do not agree with the statement:
1.1. The CAPS for Economics came into being in 2012.
YES. The CAPS for Economics was implemented in 2012, following amendments to the National
Curriculum Statement Grades R-12 (NCS). These changes introduced a comprehensive Curriculum
and Assessment Policy for each subject, aiming to provide clear guidelines on what needs to be
taught and learned on a term-by-term basis, replacing the previous two curricula for Grades R-9 and
10-12.
1.2. The teaching time allocated for Economics grades 10,11 and 12 is three (3) hours, three and
a half (3,5) hours, and 5 hours, respectively, per grade.
NO. The allocated teaching time for Economics across Grades 10, 11, and 12 is not 3, 3.5, and 5
hours, respectively. In fact, the correct teaching time is 4 hours per week per grade, as indicated in
the curriculum.
1.3. The PRODUCTION POSSIBILITY CURVE is a grade 10 topic in Economics to be covered
in Term 2.
YES. The Production Possibility Curve is indeed covered in Grade 10 as part of Term 2. This topic is
central to understanding concepts of efficiency, scarcity, and opportunity cost in economics.
1.4. The CIRCULAR FLOW is a topic that is taught in both grades 10 and 11.
YES. The Circular Flow model is taught in both Grade 10 and Grade 11. In Grade 10, it focuses on
the participants, markets, and flows in an open economy, while in Grade 11, it explores the economic
goods and services in relation to the Gross Domestic Product (GDP).
1.5. Microeconomics with two (2) broad topics has a weighting of 20% in the Economics CAPS.
NO. The statement about Microeconomics being weighted at 20% is incorrect. The weighting for
Microeconomics in the Economics CAPS is actually 25%, covering two broad topics: the dynamics
of markets and public sector intervention, along with the composition of the South African economy.
1.6. MONEY AND BANKING forms part of Contemporary economic issues.
NO. The Money and Banking topic does not fall under "Contemporary Economic Issues." Instead, it
is categorized under "Economic Pursuits," which carries a weighting of 25% in the curriculum.
"Contemporary Economic Issues" addresses topics like unemployment, globalisation, inflation, and
poverty.
