No products in the cart.
This Course is designed to assess students’ knowledge of basic economic principles needed for rational decision making relating to individuals, businesses, government, and society. Such knowledge is necessary for enhancing their appreciation of government economic policies, problems of implementation, and how they impact the economy. This will help candidates to understand that economics is not only an academic field of study but also a practical subject.
OBJECTIVES
At the end of the course, students will gain
- knowledge of the basic economic principles, concepts, and the tools for economic analysis;
- understanding of the structure and functioning of economic institutions – commercial, agricultural, industrial and financial institutions;
- understanding of the basis for rational economic decisions;
- ability to explain the basis and structure of the West African economy, including the roles of agriculture, industry and mining and their contributions to the national income;
- ability to follow the role and status of the West African countries in international economic relationships;
- ability to appreciate the problems West African countries encounter in their economic development.
Course Curriculum
| Money and Inflation | |||
| Money – definition and historical development-barter and its problems | 00:00:00 | ||
| Types, characteristics functions | 00:00:00 | ||
| Supply of and demand for money | 00:00:00 | ||
| value of money and the price level. | 00:00:00 | ||
| Inflation – Definition | 00:00:00 | ||
| Types of Inflation | 00:00:00 | ||
| Causes, Effects and Control of Inflation | 00:00:00 | ||
| Financial Institutions | |||
| Types of Financial Institutions | 00:00:00 | ||
| Development and Functions of Financial Institutions | 00:00:00 | ||
| Money and capital markets | 00:00:00 | ||
| Public Finance | |||
| Fiscal policy and objectives of public finance | 00:00:00 | ||
| Taxation | 00:00:00 | ||
| Principles/Canons of Taxation | 00:00:00 | ||
| Rates of taxation | 00:00:00 | ||
| Direct and Indirect taxation | 00:00:00 | ||
| Public Expenditure | 00:00:00 | ||
| Government budget and the National Debt | 00:00:00 | ||
| Economic Development and Planning | |||
| Meaning of economic development | 00:00:00 | ||
| Distinction between Economic Growth and Development | 00:00:00 | ||
| Characteristics and problems of developing countries | 00:00:00 | ||
| Elements of development planning | 00:00:00 | ||
| Types of plans | 00:00:00 | ||
| International Trade and Balance of Payment | |||
| International Trade | 00:00:00 | ||
| Terms of Trade | 00:00:00 | ||
| Commercial Policy | 00:00:00 | ||
| Trend and structure of West African countries’ external trade. | 00:00:00 | ||
| Balance of Payments | 00:00:00 | ||
| Meaning and Components of balance of payments | 00:00:00 | ||
| Balance of Payments Disequilibrium | 00:00:00 | ||
| Balance of Payments Adjustments | 00:00:00 | ||
| Financing | 00:00:00 | ||
| Economic Integration | |||
| Objectives, Features and Levels of Economic Integration | 00:00:00 | ||
| Development and Problems of Economic Integration in West Africa- ECOWAS | 00:00:00 | ||
| International Economic Organisation | |||
| Organization of Petroleum Exporting Countries (OPEC) | 00:00:00 | ||
| Economic Commission for Africa (ECA) | 00:00:00 | ||
| International Monetary Fund (IMF) | 00:00:00 | ||
| International Bank for Reconstruction and Development (IBRD) | 00:00:00 | ||
| African Development Bank (AfDB) | 00:00:00 | ||
| United Nations Conference on Trade and Development (UNCTAD | 00:00:00 | ||
| Major Natural Resources | |||
| Petroleum – positive and negative on effects on West African economies | 00:00:00 | ||
| Gold – positive and negative on effects on West African economies | 00:00:00 | ||
| Diamond – positive and negative on effects on West African economies | 00:00:00 | ||
| Timber – positive and negative on effects on West African economies | 00:00:00 | ||
| Groundnut – positive and negative on effects on West African economies | 00:00:00 | ||
Related Courses
0 STUDENTS ENROLLED