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Course / Course Details

FORM 3 ECONOMICS

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    By - editor

  • 0 students
  • 166 Hours 40 Min
  • (0)

Course Requirements

1. Understand the basic principles of microeconomics, including supply and demand, market equilibrium, and consumer behavior. 2. Comprehend the fundamental concepts of macroeconomics, such as national income, inflation, unemployment, and economic growth. 3. Analyze the different types of economic systems, including market, command, and mixed economies. 4. Evaluate the role of government in the economy, including fiscal and monetary policies. 5. Apply economic theories and concepts to real-world scenarios and current economic issues. 6. Develop critical thinking and problem-solving skills through economic analysis and interpretation of data. 7. Enhance communication skills through class discussions, presentations, and written assignments related to economic topics

Course Description

 FORM 3 ECONOMICS course is designed to provide students with a comprehensive understanding of basic economic concepts and principles. Through a series of engaging lessons and activities, students will develop their knowledge and skills in areas such as supply and demand, market structures, economic systems, and personal finance. The course aims to equip students with the necessary tools to analyze and evaluate economic issues, make informed decisions, and become responsible and active participants in the economy. With a professional tone of voice, this course offers a solid foundation in economics for students at the Form 3 level.

Course Outcomes

Course Outline: Form 3 Economics I. Introduction to Economics - Definition and scope of economics - Basic economic concepts and principles - Importance of economics in society II. Microeconomics - Demand and supply analysis - Price determination and market equilibrium - Elasticity of demand and supply - Consumer behavior and utility maximization - Production and cost theory - Market structures: perfect competition, monopoly, oligopoly, and monopolistic competition III. Macroeconomics - National income accounting - Economic indicators: GDP, inflation, unemployment - Aggregate demand and aggregate supply - Fiscal policy: government spending and taxation - Monetary policy: money supply, interest rates, and central banking - International trade and finance IV. Economic Systems - Types of economic systems: capitalism, socialism, and mixed economy - Role of government in the economy - Economic development and growth - Income distribution and poverty V. Personal Finance - Budgeting and financial planning - Savings and investment - Credit and debt management - Insurance and risk management - Personal financial goals and strategies VI. Global Economic Issues - Globalization and its impact on economies - Trade barriers and protectionism - International organizations: IMF, World Bank, WTO - Sustainable development and environmental economics - Economic challenges and opportunities in the 21st century VII. Case Studies and Real-World Applications - Analysis of current economic issues and events - Examination of economic policies and their outcomes - Application of economic concepts to real-life scenarios VIII. Assessment Methods - Class participation and discussion - Quizzes and tests - Assignments and projects - Presentations and case studies - Final examination Note: This course outline is subject to modification and adjustment as deemed necessary by the instructor.

Course Curriculum

  • 22 chapters
  • 191 lectures
  • 94 quizzes
  • 166 Hours 40 Min total length
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1 Meaning of Economics
5 Min

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3 Reasons for Studying Economics
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5 Economics as a Social Science
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7 Distinction Between Micro and Macro Economics
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9 Definition of Ends
5 Min

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11 Definition of Scarce Means
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13 Definition of Alternative Uses
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1 Basic Economic Concepts
5 Min

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3 Meaning of Wants
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5 Meaning of Scarcity
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7 Difference Between Scarcity and Shortage
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9 Meaning of Choice
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11 Meaning of Scale of Preference
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13 Meaning of Opportunity Cost
5 Min

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15 Meaning of Utility
5 Min

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1 The Question of: What, How and For Whom to Produce?
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3 Meaning of Free Good
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5 Meaning of Economic Goods
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7 Meaning of Private Goods
5 Min

8 Meaning of Merit Goods
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10 Meaning of Public Goods
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1 Meaning and Functions of Economic Systems.
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3 Meaning of Traditional Economic System
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5 Characteristics of Traditional Economic System
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7 Advantages of Traditional Economic System
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9 Disadvantages of Traditional Economic System
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1 Definition of Market Economic System
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3 Characteristics of Market Economic System
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5 Advantages of Market Economic System
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7 Disadvantages of Market Economic System
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1 Definition of State Planned Economic System
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3 Characteristics of State Planned Economic System
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5 Advantages of State Planned Economic System
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7 Disadvantages of State Planned Economic System
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1 Definition of Mixed Economic System
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3 Characteristics of Mixed Economic System
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5 Advantages of Mixed Economic System
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7 The Role of the Government in a Mixed Economy System
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1 Definition of Production
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3 Types of Production
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5 Stages of Production
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7 Types of Output-Consumer Goods(Durable and non-Durable), Producer Goods and Services
5 Min

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1 Definition of Wealth
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3 Characteristics of Wealth
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5 Types of Wealth
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7 Wealth and Money
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9 Wealth and Welfare
5 Min

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1 Meaning of Factors of Production
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3 Classification of Factors of Production(Land , Labour, Capital and Entrepreneur)
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5 Land as a Factor of Production
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7 Labour as a Factor of Production
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1 Meaning of Supply of Labour
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3 Determinants of Supply of Labour
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5 Meaning of Efficiency of Labour
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7 Determinants of Efficiency of Labour
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1 Meaning and Types(Occupational and Geographical)
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3 Meaning of Occupational Mobility of Labour
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5 Barriers of Occupational Mobility of Labour
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7 Meaning of Geographical Mobility of Labour
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9 Barriers of Geographical Mobility of Labour
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11 Effects of Immobility of Labour
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1 Meaning and Illustration of Division of Labour
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3 Advantages of Division of Labour
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5 Disadvantages of Division of Labour
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7 Limitations of Division of Labour
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1 Meaning of an Entrepreneur
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3 Functions of the Entrepreneur
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5 Difference Between Entrepreneur and Labour
5 Min

6 Specific and Non-Specific Factors of Production
5 Min

1 Meaning of Capital
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3 Types of Capital
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5 Capital Formation and Consumption(Meaning and Illustration)
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7 Mobility of Capital
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1 Meaning of Rewards to Factors of Production
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3 Meaning of Rents
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5 Types of Rent
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7 Meaning of Wages
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9 Methods of Wage Payment
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11 Wage Differentials
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13 Meaning of Interest
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15 Functions of Interest
5 Min

16 Meaning of Profits
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19 Types of Profit
5 Min

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21 Functions of Profit
5 Min

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1 Meaning and Types of Economies of Scale
5 Min

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3 Internal Economies of Scale: Meaning and Types
5 Min

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5 External Economies of Scale: Meaning and Types
5 Min

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1 Meaning and Types of Diseconomies of Scale
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3 Internal Diseconomies of Scale: Meaning and Types
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5 External Diseconomies of Scale: Meaning and Types
5 Min

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1 Definition, Types, Examples
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3 Reasons for producer’s choice of a distributive channel
5 Min

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5 The Wholesaler and the Retailer(Meaning and Functions of Each)
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1 Types (Small and Large Scale Retails Units) with Examples.
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3 Advantages and Disadvantages of Each
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1 Meaning, Functions, Consequences.
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3 Conditions for by Passing the Middleman(Direct Dealing)
5 Min

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Instructor

editor

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FCFA3,500.00

  • Duration 166 Hours 40 Min

  • Lectures 191 lessons

  • Enrolled 0 students

  • Category: Form 3

  • 94 Quizzes

  • Language: English

  • Skill Level SECONDARY

  • Certificate of Completion

  • Full lifetime access

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