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3 Quantitative skills

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3 topics ยท 7 learning objectives

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  1. Calculations

    1. Percentages and percentage changes

      Calculate percentages and percentage changes, including interest on savings, in relevant economics contexts.

    2. Averages

      Calculate averages, including average cost, in relevant economics contexts.

    3. Revenue, costs and profit totals

      Calculate totals, including revenue, costs and profit, in relevant economics contexts.

    4. Gross and net income

      Calculate income, including gross pay and net pay, in relevant economics contexts.

  2. Graph construction

    1. Construct graphs from data

      Construct graphs from data, including supply and demand curves.

  3. Quantitative interpretation and decision-making

    1. Interpret graphs and charts

      Interpret and use information from graphs and charts to support and justify economic decisions.

    2. Interpret economic data

      Interpret and use economic data, including unemployment figures, exports and imports, to support and justify economic decisions.