2.1 Economic agents and the concept of the public and private sectors of the economy
2.2. The traditional economic viewpoint of consumer behaviour: self-interest, maximisation of utility, rationality,
informed decision-making and marginal benefits from consumption
2.3 The ways consumers and workers might respond to incentives and disincentives, including taxes and tax
rebates, subsidies and regulations
2.4 The traditional economic viewpoint of business in the economy: profit maximisation
2.5 The ways businesses might respond to incentives and disincentives, including taxes and tax rebates, subsidies
and regulations
2.6 The traditional economic viewpoint of the government in the economy: maximisation of living standards
2.7 The role of government in economic stabilisation, improving efficiency in resource allocation and redistribution
of income to improve living standards
