Paper 04: Economics

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About Course

The Professional courses are administered at Foundation, Intermediate and Advanced Levels. Each level requires an average of one year, though candidates are advised to provide for an additional one year to meet requirements for internship/ practical experience.

A student must book for a minimum of three papers in a level in any order unless is exempted or has credits.

Prior to certification, candidates will be required to:

  • Attend workshops on ethics, soft skills and emerging issues organised by kasneb and ICPAK and earn IPD hours.
  • Obtain 1-Year practical experience, or alternatively attend workshops on work based simulation organised by kasneb and ICPAK.

This course is aimed at persons who wish to qualify and work or practice as professional accountants, auditors, finance managers, tax managers and consultants in related areas in both public and private sectors.

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Course Content

4.1.1 Introduction to Economics

  • Introduction to Economics

4.1.2 Demand, Supply and Determination of Equilibrium

4.1.3 The Theory of Consumer Behavior

4.1.4 The Theory of a Firm

4.1.5 Market Structures


4.2.1 National Income

4.2.2 Economic Growth, Economic Development and Economic Planning

4.2.3.Money and Banking

4.2.4 Inflation and Unemployment

4.2.5 International Trade and Finance

4.2.6 Current Developments

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