Functions & Benefits of insurance
List primary and secondary functions of insurance. Explain the benefits accruing to the insured
State why insurance is beneficial
Reasons why Insurance would be encouraged.
Insurable and uninsurable risk
Distinguish between insurable risks and uninsurable risks;
List types of uninsurable risks;
State insurable risks.
Hazards
Explain the physical hazards etc.
List the relationship between risk and peril;
Distinguish between risk and hazard.
Risks
State the meaning of risk
List the classification of risks.
Historical development of insurance
Explain the pre and post-independence insurance market in Nigeria
Meaning of insurance
Define Insurance;
State Insurance as a pooling of risk;
State the Insurance risk transfer;
Explain Insurance as a Risk reduction mechanism.
Challenges facing the Implementation of needs:Current Economic Plan
Current Economic Plan
Economic reform programs
Explain economic reform programs such as; consolidation of financial institutions, privatization and commercialization; deregulation.
Discuss the role of EFCC and ICPC and their role in the Nigerian economy.
Economic Development challenges
Explain development challenges such as; Debt burden and debt relief; poverty alleviation and eradication; HIV/AIDS and the economy, power and energy supply; resource control and corruption.
Current Economic plans;MDGs,NEEDS, Vision 2020
List and Explain current economic planning instruments like Millennium Development Goals, (MDGS), National Economic Empowerment and Development Strategies (NEEDS), Vision 2020.
List and explain the MDGS
List the objectives of NEEDS and Vision 2020 and other contemporary economic plans.
Economic Groupings in West Africa
Economic groupings in West Africa
International Economic Organizations
Discuss the contributions of IMF, IBRD, ECA, etc to the economic growth and development of Nigeria.
Economic development planning
Explain the meaning of economic development planning.
Differentiate between types of Economic planning.
Explain the importance of economic planning in National development.
Economic growth and development
Explain the concept of economic development and distinguish between economic growth and
development.
Explain the characteristics of an underdeveloped economy.
Explain the factors that influence economic development.
Foreign Trade
At the end of this lesson, the students should be able to understand Foreign Trade
Balance Of Payment iii
At the end of this lesson, the students should be able to understand how to Balance Payment
Balance of Payments (B.O.P): ii
Factors that give rise to payment of money into and out of the home country’s account.
Balance of payment concepts such as trade balance, current account balance and overall balance.
The different ways of dealing with the balance of payments disequilibrium.
Trace the developments in Nigeria’s balance of payment.
Calculations on Balance of Payments (B.O.P)
Factors that give rise to payment of money into and out of the home country’s account.
Balance of payment concepts such as trade balance, current account balance and overall balance.
Ways of dealing with balance of payments disequilibrium.
The developments in Nigeria’s balance of payment.
Balance of Payments (B.O.P): i
Factors that give rise to payment of money into and out of the home country’s account.
Balance of payment concepts such as trade balance, current account balance and overall balance.
The different ways of dealing with the balance of payments disequilibrium.
Trace the developments in Nigeria’s balance of payment.
International Trade
Explaining how domestic trade differs from international trade.
Comparative cost theory.
The limitations of comparative cost theory
The terms of trade and discuss the instruments of foreign trade protection; and.
The features of the various forms of economic integration.
The trend and structure of Nigeria’s external trade.