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Course / Course Details

UPPERSIXTH ECONOMICS

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    By - editor

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

Course Requirements

 Upper-Sixth Economics course is designed to provide students with a comprehensive understanding of economic principles and their practical applications in the contemporary world. This course aims to equip students with the necessary analytical skills and knowledge to critically evaluate economic issues and make informed decisions in both personal and professional contexts. Through a combination of theoretical study, empirical analysis, and real-world case studies, students will develop a deep understanding of economic concepts and their relevance to various sectors of the economy. Course Objectives: 1. Develop a solid foundation in economic theory and concepts. 2. Apply economic principles to analyze and evaluate real-world economic issues. 3. Understand the role of government policies in shaping economic outcomes. 4. Analyze the impact of economic globalization on national and international economies. 5. Develop critical thinking and problem-solving skills through economic analysis. 6. Enhance communication skills through written reports and presentations on economic topics

Course Description

 UPPER-SIXTH ECONOMICS course offers a comprehensive and advanced study of economic principles, theories, and concepts. Designed for students in their final year of secondary education, this course aims to provide a deep understanding of economic principles and their practical applications in the real world. Through a combination of theoretical analysis, case studies, and interactive discussions, students will explore various economic topics such as microeconomics, macroeconomics, international trade, market structures, fiscal and monetary policies, and economic growth. Emphasis will be placed on developing critical thinking skills, analytical abilities, and problem-solving techniques to analyze economic issues and propose effective solutions. The course will also delve into current economic trends and global challenges, enabling students to gain a broader perspective on the interconnectedness of economies and the impact of economic decisions on a global scale. Additionally, students will have the opportunity to engage in research projects, simulations, and debates to enhance their knowledge and foster their ability to think critically about economic issues. 

Course Outcomes

Upper-Sixth Economics course is designed to provide students with an in-depth understanding of economic principles and theories, enabling them to analyze and interpret real-world economic issues. This course aims to equip students with the necessary knowledge and skills to excel in their future academic and professional endeavors in the field of economics. Course Objectives: - To develop a comprehensive understanding of fundamental economic concepts and theories - To analyze and evaluate economic data and their implications - To apply economic principles to real-world scenarios and problems - To enhance critical thinking and problem-solving skills within an economic context - To foster an appreciation for the role of economics in shaping societies and global affairs Course Outline: 1. Introduction to Economics - Definition and scope of economics - Basic economic concepts: scarcity, choice, opportunity cost - Economic systems and their characteristics 2. Microeconomics - Supply and demand analysis - Consumer behavior and utility maximization - Production and cost theory - Market structures: perfect competition, monopoly, oligopoly - Market failures and government intervention 3. Macroeconomics - National income and economic growth - Unemployment and inflation - Monetary and fiscal policies - International trade and finance - Economic development and sustainability 4. Economic Indicators and Data Analysis - Measurement of economic variables - GDP, inflation rate, unemployment rate - Analyzing economic trends and forecasting - Interpreting economic indicators for decision-making 5. Economic Policy Analysis - Evaluating policy effectiveness - Cost-benefit analysis - Economic impact assessment - Policy recommendations and implementation strategies 6. Current Economic Issues - Global economic challenges - Income inequality and poverty - Environmental sustainability - Technological advancements and automation - Economic implications of political events Assessment Methods: - Class participation and engagement - Individual and group assignments - Quizzes and tests - Research projects - Presentations - Final examination Note: This course outline is subject to adjustments and modifications at the discretion of the instructor to accommodate specific learning needs and emerging economic trends. Tone of Voice: Professional

Course Curriculum

  • 43 chapters
  • 638 lectures
  • 319 quizzes
  • 166 Hours 40 Min total length
Toggle all chapters
1 The Firm
5 Min

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3 Objectives and Role of a Firm in an Industry
5 Min

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5 The Cost Concept
5 Min

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7 Internal Costs
5 Min

N/A

9 External Costs
5 Min

N/A

11 Social Costs
5 Min

N/A

13 Economic Cost
5 Min

N/A

15 Accounting Costs
5 Min

N/A

17 Explicit Costs
5 Min

N/A

19 Implicit Costs
5 Min

N/A

1 Short run Costs of Production
5 Min

N/A

3 Short Run Total Costs
5 Min

N/A

5 Total Fixed Costs
5 Min

N/A

7 Total Variable Cost
5 Min

N/A

9 Formulae of Short run Average Costs
5 Min

N/A

11 Average Fixed Cost
5 Min

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13 Average Variable Cost
5 Min

N/A

15 Average Costs
5 Min

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17 Graphical Representations of Total Costs
5 Min

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19 Graphical Representations of Average Costs
5 Min

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21 Definition and Formula of Marginal Cost
5 Min

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1 Long Run Average Cost
5 Min

N/A

3 Long Run Average Cost Curve
5 Min

N/A

5 Optimum Firm & Illustration
5 Min

N/A

1 The Least Cost Combination of Factors
5 Min

N/A

3 Determination of Least Cost Factor Combination Using Total Cost of Factors
5 Min

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5 Determination of Least Cost Factor Combination using Marginal Physical Product of Factors
5 Min

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1 Revenue Concept
5 Min

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3 Formulae of Total Revenue
5 Min

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5 Average and Marginal Revenue.
5 Min

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7 Revenue Schedule and Curves in Perfect and Imperfect Markets
5 Min

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9 Relationship with Elasticity
5 Min

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1 Different Market Structures
5 Min

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3 Price and Output Determination (using MR=MC approach and-TC approach)
5 Min

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1 Perfect Competition
5 Min

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3 Assumptions & Characteristics of Perfect Competition
5 Min

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1 Equilibrium of the Firm - Short Run
5 Min

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3 Equilibrium of the Firm - Long Run
5 Min

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1 Short run Supply Curve of a Firm
5 Min

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3 Long run Supply Curve of an Industry(At Constant, Increasing and Decreasing Costs)
5 Min

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5 Economic and Productive Efficiencies
5 Min

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7 Advantages and Disadvantages of Economic & Productive Efficiencies
5 Min

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1 Monopoly
5 Min

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3 Sources of Monopoly Power
5 Min

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5 Limits to Monopoly Power
5 Min

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7 Advantages and Disadvantages of Monopoly
5 Min

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9 Control of Monopoly
5 Min

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1 Marginal and Total Approaches
5 Min

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1 Definition
5 Min

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3 Conditions for Possibility and Profitability
5 Min

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5 Perfect Price Discrimination and Loss-Making Monopoly
5 Min

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1 Definition
5 Min

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3 Characteristics
5 Min

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5 Advantages and Disadvantages of Product Differentiation
5 Min

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1 Short Run
5 Min

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3 Long Run
5 Min

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1 Definition
5 Min

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3 Types and Characteristics of Oligopoly
5 Min

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5 Advantages and Disadvantages of Oligopoly
5 Min

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1 Definition and Illustration
5 Min

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3 Non Price Competition
5 Min

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1 Types Public Sector Enterprises Pricing Policy
5 Min

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3 Objectives of Public Sector Enterprises Pricing Policy
5 Min

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5 Price and Output Policy
5 Min

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7 Advantages and Disadvantages of Public Sector Enterprises Pricing Policy
5 Min

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9 Graphical Illustration
5 Min

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1 Wages
5 Min

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3 Methods of Rewarding Labour
5 Min

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5 Advantages and Disadvantages of Wages
5 Min

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1 Demand
5 Min

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3 Demand Curve
5 Min

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5 Determinants of Elasticity of Demand for Labour
5 Min

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7 Supply
5 Min

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9 Supply Curve
5 Min

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11 Determinants of Elasticity of Supply of Labour
5 Min

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13 Wage Determination in a Particular Occupation
5 Min

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1 Intra-Industry Wage Differentials
5 Min

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3 Inter-Industry Wage Differentials
5 Min

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1 Trade Union
5 Min

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3 Collective Bargaining
5 Min

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5 Types of Trade Unions
5 Min

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7 Factors Affecting the Bargaining Strength of Trade Unions
5 Min

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9 Bases of Wage Claims by Trade Unions
5 Min

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11 Ways by Which Trade Unions Increase Wages
5 Min

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13 Advantages and Disadvantages of Trade Unions/Collective Bargaining
5 Min

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1 Monopoly in the Labour Market
5 Min

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3 Determination of Wage Rate
5 Min

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5 Monopsony in the Labour Market
5 Min

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7 Determination of Wage Rate
5 Min

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9 Bilateral Monopoly
5 Min

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11 Determination of Wage Rate
5 Min

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1 Interest
5 Min

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3 Reasons for Interest Payment
5 Min

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5 Reasons for the Existence of Many Rates of Interest
5 Min

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1 Classical or Loanable Funds Theory
5 Min

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3 Keynesian or Liquidity Preference Theory
5 Min

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1 Rents
5 Min

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3 Types of Rent
5 Min

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5 Theories of Rent
5 Min

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7 Economic Rent
5 Min

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9 Land
5 Min

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11 Labour
5 Min

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13 Capital
5 Min

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15 Entrepreneur
5 Min

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1 Profits
5 Min

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3 Types of Profits
5 Min

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5 Measurement of Profit
5 Min

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7 Role of Profits
5 Min

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9 Profit and other Factor Incomes
5 Min

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1 National Income
5 Min

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3 Measurement(Expenditure Income and Output Approaches)
2 Min

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5 Problems of Measuring National Income and Solutions
5 Min

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7 Importance of National Income Statistics
5 Min

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9 Comparing Standard of Living Overtime and between Countries
5 Min

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11 Difficulties of Making Comparisons Overtime and Between Countries
5 Min

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13 Real and Money National Income
5 Min

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15 Limitation of National Income Statistics
5 Min

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1 Identification of Aggregate Demand Variables, Injections and Withdrawals
5 Min

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3 Circular Flow of Income
5 Min

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5 Closed and Open Economies
5 Min

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7 Consumption
5 Min

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9 Function ,APC,MPC
5 Min

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11 Determinants of Consumption
5 Min

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13 Saving
5 Min

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15 Function ,APS,MPS,
5 Min

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17 Determinants of Saving
5 Min

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1 Investment
3 Min

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3 Types of Investment
2 Min

N/A

5 Determinants of Investment
5 Min

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7 Basis for Investment Decision
5 Min

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9 Aggregate Demand Method
5 Min

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11 Injections/Withdrawals Method
5 Min

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13 The Multiplier
5 Min

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15 Assumptions of The Multiplier
5 Min

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17 Types and Determents of Multipliers
5 Min

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19 Determinants of The Multipliers
5 Min

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21 The Multiplier Process
5 Min

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23 Accelerator
5 Min

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25 Assumptions of The Accelerator
5 Min

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27 Calculations of The Accelerator
5 Min

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29 Acceleration Process and Criticisms
5 Min

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31 Determinants of Accelerator
5 Min

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1 Money
5 Min

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3 Evolution of Money
5 Min

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5 Types of Money
5 Min

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7 Qualities and Functions of Money
5 Min

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9 Definition of The Demand for Money
5 Min

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11 Liquidity Preference
5 Min

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13 Changes in Liquidity Preference
5 Min

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15 Definition of Supply of Money
5 Min

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17 Measures of Money
5 Min

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19 Effects of Changes in Money Supply
5 Min

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21 Value of Money
5 Min

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23 Retail Price Index
5 Min

N/A

25 Weaknesses of the Retail Price Index
5 Min

N/A

27 The Quantity Theory of Money
5 Min

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29 Weaknesses of The Theories
5 Min

N/A

1 Commercial Banks
5 Min

N/A

3 Characteristics of Commercial Banks
5 Min

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5 Functions of Commercial Banks
5 Min

N/A

7 Definition of the Balance Sheet of a Commercial Bank
5 Min

N/A

9 Components and Illustration of the Balance Sheet of Commercial Banks
5 Min

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11 The Conflicting Objectives of Liquidity, Security and Profitability
5 Min

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13 How They are Solved By The Commercial Bank
5 Min

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15 Central Bank
5 Min

N/A

17 Characteristics and Functions of The Central Bank
5 Min

N/A

19 Monetary Policy
5 Min

N/A

21 Micro Finance Activities
5 Min

N/A

23 Types of Micro Finance Institutions(MFI)
1 Min

N/A

25 Micro Finance Institution's Role in The Economy
5 Min

N/A

1 Meaning of Public Finance
5 Min

N/A

3 Patterns of Public Spending
5 Min

N/A

5 Sources of Government Revenue
5 Min

N/A

7 Definition of A Tax
5 Min

N/A

9 Tax Base and Tax Rate
5 Min

N/A

11 Reasons for Taxation
5 Min

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13 Qualities(Cannons) of a Good Tax
5 Min

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15 Types of Taxes
5 Min

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17 Direct Taxes
5 Min

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19 Reasons Why Government Imposes Direct Taxes
5 Min

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21 Advantages and Disadvantages of Direct Taxes
5 Min

N/A

23 Indirect Taxes
5 Min

N/A

25 Reasons Why Government Imposes Indirect Taxes
5 Min

N/A

27 Advantages and Disadvantages of Indirect Taxes
5 Min

N/A

29 The Positive and Negative Consequences of Taxation
5 Min

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31 The Impact and Incidence of a Tax
5 Min

N/A

1 The Budget
5 Min

N/A

3 Types of Budget
5 Min

N/A

5 Discretionary Automatic Fiscal Policy
5 Min

N/A

7 Problems of Fiscal Policy Implementation
5 Min

N/A

9 Programmed Budget
5 Min

N/A

11 Objectives and Characteristics of a Programmed Budget
5 Min

N/A

13 The Public(or National) Debt
5 Min

N/A

15 Components of National Debt
5 Min

N/A

17 Reasons Why Government Borrows
5 Min

N/A

19 The Burden of National Debt
5 Min

N/A

21 Public Sector Net Cash Requirement(PSNCR)
5 Min

N/A

1 Definition of International Trade
5 Min

N/A

3 Differences Between External and Internal Trade
5 Min

N/A

5 The Basis of International Trade
5 Min

N/A

7 Advantages and Disadvantages of International Trade
5 Min

N/A

9 Rationale and Forms of Restriction on International Trade
5 Min

N/A

11 Arguments For and Against Trade Restriction
5 Min

N/A

13 Terms of Trade (TOT)
5 Min

N/A

15 Favourable Terms of Trade
5 Min

N/A

17 Balanced Terms of Trade
5 Min

N/A

19 Unfavourable Terms of Trade
5 Min

N/A

21 Causes of Changes in Terms of Trade
5 Min

N/A

1 Structure of The Balance of Payments
5 Min

N/A

3 Different Structures and Presentations of BOP Account
5 Min

N/A

5 Current Account, Capital Account and Official Financing
5 Min

N/A

7 Current Account, Transactions in External Assets
5 Min

N/A

9 Liabilities, Net Transactions and Balancing Items
5 Min

N/A

11 Balance of Payments Deficit
5 Min

N/A

13 Causes of BOP Deficit
5 Min

N/A

15 Effects of BOP Deficit
5 Min

N/A

17 Measures to Correct BOP Deficit
5 Min

N/A

19 Devaluation and the J-Curve Effect
5 Min

N/A

21 Balance of Payments Surplus
5 Min

N/A

23 Causes of Balance of Payments Surplus
5 Min

N/A

25 Causes of BOP Surplus
5 Min

N/A

27 Effects of BOP Surplus
5 Min

N/A

29 Revaluation of Currency
5 Min

N/A

1 International Monetary Fund (IMF)
5 Min

N/A

3 Objectives International Monetary Fund (IMF)
5 Min

N/A

5 Advantages and Disadvantages of International Monetary Fund (IMF)
5 Min

N/A

7 International Bank for Reconstruction and Development ( IBRD /World Bank)
5 Min

N/A

9 World Trade Organisation (WTO)
5 Min

N/A

11 Objectives of World Trade Organisation (WTO)
5 Min

N/A

13 Importance of World Trade Organisation (WTO)
5 Min

N/A

15 Limitations of World Trade Organisation (WTO)
5 Min

N/A

1 Regional Economic Groupings
5 Min

N/A

3 Free Trade Area
5 Min

N/A

5 Customs Union
5 Min

N/A

7 Common Market
5 Min

N/A

9 Economic Union
5 Min

N/A

11 CEMAC
5 Min

N/A

13 ECOWAS
5 Min

N/A

15 European Union
5 Min

N/A

17 LAFTA
5 Min

N/A

19 African Free Trade Zone
5 Min

N/A

1 Foreign Exchange Rates
5 Min

N/A

3 Types of Foreign Exchange Rates
5 Min

N/A

5 Fixed Exchange Rate
5 Min

N/A

7 Advantages and Disadvantages of Fixed Exchange Rate
5 Min

N/A

9 Floating Exchange Rate
5 Min

N/A

11 Advantages and Disadvantages of Floating Exchange Rate
5 Min

N/A

13 Managed Exchange Rate
5 Min

N/A

15 Advantages and Disadvantages Managed Exchange Rate
5 Min

N/A

17 Advantages and Disadvantages Managed Exchange Rate
5 Min

N/A

19 Exchange Rate Adjustments
5 Min

N/A

21 Devaluation
5 Min

N/A

23 Revaluation
5 Min

N/A

25 Appreciation
5 Min

N/A

27 Depreciation
5 Min

N/A

1 Economic Growth
5 Min

N/A

3 Measurement Using PPC
5 Min

N/A

5 Determinants of PPC
5 Min

N/A

7 Cost and Benefits of PPC
5 Min

N/A

9 Measurement Using GDP
5 Min

N/A

11 Determinants of GDP
5 Min

N/A

13 Obstacles of GDP
5 Min

N/A

15 Cost and Benefits of GDP
5 Min

N/A

17 Measurement Using GNP
5 Min

N/A

19 Determinants of GNP
5 Min

N/A

21 Obstacles of GNP
5 Min

N/A

23 Cost and Benefits of GNP
5 Min

N/A

1 Economic Development
5 Min

N/A

3 Measures of Economic Development
5 Min

N/A

5 Components of Economic Development
5 Min

N/A

7 Advantages and Limitation of Economic Development
5 Min

N/A

9 Constraints on Growth and Development
5 Min

N/A

11 Measures to Promote Economic Development
5 Min

N/A

13 Industrialisation
5 Min

N/A

15 Factors Influencing Industrialisation
5 Min

N/A

17 Advantages and Disadvantages of Industrialisation
5 Min

N/A

19 Deindustrialisation
5 Min

N/A

21 Causes and Effects of Deindustrialisation
5 Min

N/A

23 Reindustrialisation
5 Min

N/A

25 Causes of Reindustrialisation
5 Min

N/A

1 The Trade or Business Cycle
5 Min

N/A

3 Causes of Trade Cycle
5 Min

N/A

5 Economic Objectives
5 Min

N/A

7 Policies Used for The Attainment of Economic Objectives
5 Min

N/A

9 Limitation of Government Policy(Conflicts)
5 Min

N/A

11 Unemployment
5 Min

N/A

13 Measurement of Unemployment
5 Min

N/A

15 Types of Unemployment
5 Min

N/A

17 Causes and Remedies of Unemployment
5 Min

N/A

19 Inflation
5 Min

N/A

21 Types of Inflation
5 Min

N/A

23 The Relationship between Inflation and Unemployment
5 Min

N/A

25 The Monetary Theory of Inflation and Unemployment
5 Min

N/A

27 Effects and Control of Inflation
5 Min

N/A

29 Deflation
5 Min

N/A

31 Causes & Effects of Deflation
5 Min

N/A

33 Control of Deflation
5 Min

N/A

1 Privatisation
5 Min

N/A

3 Objectives of Privatisation
5 Min

N/A

5 Forms of Privatisation
5 Min

N/A

7 Advantages & Disadvantages Privatisation
5 Min

N/A

9 Nationalisation
5 Min

N/A

11 Forms of Nationalisation
5 Min

N/A

13 Advantages and Disadvantages of Nationalisation
5 Min

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15 Regional Policy
5 Min

N/A

17 Instruments of Regional Policy
5 Min

N/A

19 Case For and Against Regional Policy
5 Min

N/A

1 Growing Population
5 Min

N/A

3 Characteristics & Economic Effects of Growing Population
5 Min

N/A

5 Aging Population
5 Min

N/A

7 Characteristics & Economic Effects of Aging Population
5 Min

N/A

9 Optimum Population
5 Min

N/A

11 Illustration of Optimum Population
5 Min

N/A

13 Economic Consequences of Under Population
5 Min

N/A

15 Economic Consequences of Over Population
5 Min

N/A

17 Economic Consequences of Optimum Population
5 Min

N/A

19 Population Policy
5 Min

N/A

21 Types of Population Policy
5 Min

N/A

23 The Cameroon Government Population Policy
5 Min

N/A

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