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The exams are held in three mediums Sinhala, Tamil and English. The exam is the basic Certificate awarded in Sri Lanka as proof of completion of Secondary Education. The GCE O/L examination is an important milestone for students as it determines their eligibility to pursue further studies at the Advanced Level (A/L) or vocational training courses.
A complete rewrite of The Economy 1.0, The Economy 2.0 brings together the latest research in economics and related disciplines, with the feedback CORE Econ have received over the years from committed instructors. Building on the successful features of The Economy 1.0, The Economy 2.0 introduces important innovations: [12]
Typically, students take this exam during their final two years of college-level education (Grades 12 and 13, usually at ages 17–19), or as external (non-school) candidates after completing the GCE Ordinary Level exams. The majority of candidates enter the exam through their respective schools, but those who have completed their school ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. [1] This includes regional, national, and global economies .
From Class 11 syllabus, chapters like Central Islamic Lands, Confrontation of cultures, and The Industrial Revolution have been removed. Apart from this, from Class 12 civics book Politics in Indian since Independence, chapters like Rise of popular movements, ‘Era of one-party dominance’ have been removed.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Marshall's original introduction of long-run and short-run economics reflected the 'long-period method' that was a common analysis used by classical political economists. However, early in the 1930s, dissatisfaction with a variety of the conclusions of Marshall's original theory led to methods of analysis and introduction of equilibrium notions.