| 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 economic 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) |
| Interpret the emergence of an economic paradigm. (4) |
| Explain the emerging paradigms along with their reasons. (2) |