| Explain the historical processes of Schools of economic thought. (2) |
| Interpret the differences and similarities between the schools of economics. (4) |
| Explain the schools of economics and their representatives. (2) |
| Describe the contributions made by thinkers who have influenced Mercantilism, Physiocratic, Classical, Neo-Classical, Keynesian and many more to the economics literature. (2) |
| Explain the emerging paradigms along with their reasons. (2) |
| Interpret the emergence of an economics paradigm. (4) |