ICAP CAF Introduction to Economics and Finance: Syllabus and Content

This document serves as a comprehensive study guide for the ICAP Certificate in Accounting and Finance (CAF) Introduction to Economics and Finance course. It meticulously outlines the syllabus, learning outcomes, and key concepts covered in the curriculum. The content is structured into three main sections: Concepts of Economics, Microeconomics, and Macroeconomics. The Concepts of Economics section introduces fundamental economic principles, economic systems, and factors of production. Microeconomics delves into demand, supply, elasticity, utility analysis, and cost and revenue curves, culminating in an analysis of market structures. Macroeconomics covers national income measurement, consumption, saving, investment, the multiplier effect, economic growth and recession, unemployment and inflation, fiscal policy, and public finance. This resource is designed to help students prepare for the ICAP CAF examination by providing a detailed breakdown of the course content, including syllabus objectives, learning outcomes, and a grid outlining the weighting of different topics. The document also includes references to relevant chapters and learning outcomes to aid in focused study.