Cib Study Text: Certificate - Economics and the Banks' Role in the Environment (1/90)

Part 1 Nature and scope of economics: nature and scope of economics. Part 2 the formation of the price in the market: demand and elasticity of demand; supply and elasticity of supply; equilibrium. Part 3 Theory and bahaviour of the firm: business organization and finance; costs and revenues of the firm; the growth of firms. Part 4 National income: accounting for national income; the circular flow of income; determination of national income. Part 5 Money and bank: the concept of money; the demand and supply of money; banks and the credit creation process; the UK financial system; the Bank of England and the money market. Part 6 International trade: international economics; the balance of payments; exchange rates; international finance. Part 7 the role of government in the economy: government intervention in the economy; the management of the economy; public finance and fiscal policy; monetary policy - control of the money supply.