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Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
Until 2019, there were three STEPs: STEP 1, STEP 2 and STEP 3. Since the academic year 2019/20, STEP 1 has been phased out. There was no STEP 1 set in 2020 due to the COVID-19 pandemic, and it was later announced that from 2021, STEP 1 would no longer be set, with only STEP 2 and STEP 3 being available. [5]
On 12 April 2018, the police said that Rakesh Kumar, who leaked the class 12 economics paper, had leaked class 10 mathematics paper also. [40] Consequently, the Central Board of Secondary Education has put in place a system of "encrypted" question papers, which are supposed to be printed by the schools half an hour before the exam starts.
Before, this qualification was graded on an 8-point scale from A* to G with a 9th grade “U” signifying “Ungraded”. This measure of grading was also found in the UK GCSE. Most IGCSE subjects offer a choice of tiered examinations: Core or Extended papers (in Cambridge International), and Foundation or Higher papers (in Edexcel).
Due to the growing importance of the financial sector in modern times, [30] the term real economy is used by analysts [31] [32] as well as politicians [33] to denote the part of the economy that is concerned with the actual production of goods and services, [34] as ostensibly contrasted with the paper economy, or the financial side of the ...
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Economic methodology is the study of methods, especially the scientific method, in relation to economics, including principles underlying economic reasoning. [1] In contemporary English, 'methodology' may reference theoretical or systematic aspects of a method (or several methods).
Articles in economics journals are usually classified according to JEL classification codes, which derive from the Journal of Economic Literature.The JEL is published quarterly by the American Economic Association (AEA) and contains survey articles and information on recently published books and dissertations.