Master Economics
Practice 10 skills with 62 questions — instant feedback, SmartScore tracking, and WASSCE elective & university aligned
About Economics on DigiTransact Mastermind
Economics is a high-enrolment WASSCE elective for business and general arts students, and a compulsory first-year course in most university business programmes. It rewards precise definitions, correct diagrams and applied reasoning.
Each of the 10 Economics skills carries its own SmartScore from 0 to 100, so progress is measured per topic rather than as one overall grade.
All 62 Economics questions come with the written reasoning behind the answer, so a wrong attempt still teaches the method.
Economics work is filed under Senior High, University, so you only see sets that match the stage you are studying.
Education levels covered
SHS 1 to 3 (Grades 10 to 12 / High School) - Towards the WASSCE
9 Economics skills at this level
Tertiary and college foundations - Advanced study
1 Economics skills at this level
Relevant curricula and exams
Based on the education levels this subject covers on the platform.
Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.
Learning outcomes
After working through the Economics practice sets you should be able to:
- Demand and supply: How prices are set by demand and supply.
- Money, inflation and trade: Functions of money, inflation and international trade.
- Economic analysis: Elasticity, GDP measurement and fiscal policy.
- Economic development: Growth, development indicators and Ghana’s economy.
- Money and banking: Functions of money, banks and the central bank.
- WASSCE-style Objectives — Set A: Economics exam-style objectives: basic concepts, demand and supply.
Skills You'll Master
62 practice questions across 10 skills — aligned with WASSCE Elective Economics and university introductory economics, built for WASSCE business/arts electives and university economics students.
- Demand, supply & market equilibrium
- Elasticity of demand & supply
- Production, costs & the firm
- Market structures — competition & monopoly
- National income & GDP
- Money, banking & inflation
- Government budget, taxation & fiscal policy
- International trade & the Ghanaian economy
Sample questions
Real questions taken from the Economics question bank, shown with the working learners see after answering.
The basic economic problem arises from ___.
- too much money
- scarcity of resources
- government policy
- high prices
Working: Scarcity relative to unlimited wants is the fundamental economic problem.
The total value of goods and services produced in a country in a year is the…
- GDP
- CPI
- GNI per hour
- exchange rate
Working: Gross Domestic Product (GDP) measures total annual output within a country.
When the price of a good rises, the quantity demanded usually:
- Rises
- Falls
- Stays the same
- Doubles
Working: The law of demand: higher prices lead to lower quantity demanded.
How It Works
Browse skills organised by category and level — from KG to University — and choose exactly what you want to practise.
Work through curriculum-aligned questions at your own pace. Every question is written to match how it is examined.
See immediately whether you were right, with a clear explanation after every answer so mistakes become learning moments.
Each skill is scored 0–100. Reach 100 to master the skill, earn badges, and climb the leaderboard.
Why Practice Economics
Our skills separate microeconomics from macroeconomics — demand and supply, elasticity, national income, inflation — so you master each mechanism before combining them in essay answers.
Questions apply theory to the Ghanaian economy — the cedi, cocoa exports, taxation — the same applied angle WASSCE questions increasingly take.
Main topics and skills
Economics is organised into 6 topic groups covering 10 practice skills. Open any skill to read the guide and start a practice set.
Microeconomics
Macroeconomics
University Economics
Development & International Trade
SHS Money & Banking
Exams Economics practice prepares you for
Each page below sets out what the examination covers and links straight back to the economics skills that feed into it.
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Frequently asked questions
Does this cover both microeconomics and macroeconomics?
Yes. Skills span micro topics such as demand, supply, elasticity and market structures, plus macro topics including national income, money, inflation and fiscal policy.
Is this aligned with the WASSCE Economics syllabus?
Yes — skills follow the WASSCE Elective Economics syllabus, and university-level skills extend into introductory economics for undergraduates.
Are questions applied to the Ghanaian economy?
Many questions use Ghanaian contexts — the cedi, cocoa, taxation and national budget — mirroring how WASSCE applies economic theory to local realities.
Related subjects
Free economics courses to watch alongside
Full video courses from universities and educators, free to watch and listed on their own pages here.
How this page was produced
This text was drafted with AI assistance from the questions and topics already stored on the platform. A subject-specialist review is scheduled but has not yet been recorded, so we do not claim it here.
- Written by
- DigiTransact Mastermind editorial team
- Human review
- Not yet. Subject-specialist review is scheduled; this page will say so once it has happened. See which content receives human review.
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Ready to master Economics?
Pick any of the 10 Economics skills above, answer the questions and watch your SmartScore climb.