economics-2015-august-2025-past-papers
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DATE 06 Dec 2025
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notes
About This Document
Document Type: This is a Past Paper, designed for Reviewing previous question patterns.
Context: Standard material from the 2015 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Attempt these questions under timed conditions to simulate a real exam environment, then check against your notes.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "economics-2015-august-2025-past-papers" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Master key concepts required for examination success
- Practice answering exam-style questions effectively
- Develop time management skills for timed assessments
- Identify and address knowledge gaps in understanding
Detailed Summary
CPA FOUNDATION LEVEL CIFA FOUNDATION LEVEL ECONOMICS TUESDAY: 19 August 2025. This paper has seven (7) questions. ALL questions carry equal marks. Do NOT write anything on this paper. QUESTION ONE (a) Explain FOUR steps of the scientific method as applied in economic analysis. (4 marks) Explain SIX strategies that the government could implement to counter effects of climate change on agriculture. (6 marks) (c) (i) Explain the term “central bank” of a country. (2 marks) (ii) State FOUR secondary functions of a central bank. c (4 marks) (Total: 20 marks) op Highlight FOUR limitations of production possibility frontier curve. ke (b) (4 marks) (b) Outline FOUR determinants of elasticity of supply of labour. (4 marks) (c) Discuss SIX roles of government in an economy. (6 marks) (d) Using a well labelled diagram, illustrate the price ceiling for a good or service. w QUESTION TWO (a) Highlight FOUR causes of demand-pull inflation. (6 marks) (Total: 20 marks) QUESTION THREE (a) The demand and supply functions of a certain product are given as follows: Qd = 110 – 2P Qs = – 40 + 3P The government imposes a tax of Sh.
Study Tips & Recommendations
Time Management
Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.
Active Practice
Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.
Mark Scheme Review
Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.
Regular Review
Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.
Content Preview
CPA FOUNDATION LEVEL CIFA FOUNDATION LEVEL ECONOMICS TUESDAY: 19 August 2025. Afternoon Paper. Time Allowed: 3 hours. This paper has seven (7) questions. Answer any FIVE questions. ALL questions carry equal marks. Do NOT write anything on this paper. QUESTION ONE (a) Explain FOUR steps of the scientific method as applied in economic analysis. (4 marks) Explain SIX strategies that the government could implement to counter effects of climate change on agriculture. (6 marks) (c) (i) Explain the ter...
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