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.
Economic Lessons from Asian Tigers, Japan, Europe and America
Explain the factors that account for the rapid deveopment of these countries in South East Asia.
Explain the meaning of Japanese miracle.
Differentiate between the development strategies of Asian Tigers, Japan, Europe and America.
Identify the lessons for Nigeria
Market Structure
At the end of this lesson, the students should be able to understand the Structure of the Market
Income Elasticity of Demand
Understanding the income elasticity of demand – Money and Inflation/Deflation
Elasticity of Demand
Learn about Elasticity of Demand; Money And Inflation/Deflation
Advantages And Disadvantages Of Indirect Tax
At the end of this lesson, the students should be able to understand the Advantages And Disadvantages Of Indirect Tax
Functions and role of regulatory agencies
Explain the functions of CBN, NDIC, SEC, etc
Demonstrate knowledge of their evolution
Agencies that regulate the financial markets
Identify regulatory agencies and the aspects of the market regulated by each.
Service Industries
Describe economic services.
State types of economic services.
List the roles of the service industry to economic development
Manufacturing and Construction
Define manufacturing and construction.
List the types of manufacturing activities.
List the contributions of manufacturing to economic development.
List the contributions of the construction industry to economic development,
Petroleum and the Nigerian Economy
The growth of the petroleum industry in Nigeria.
The impact (positive and negative) of petroleum on the Nigerian economy.
The role of the NNPC and OPEC in the production and marketing of petroleum products.
Industralisation
At the end of this lesson, the students should be able to understand Industrialisation in Economics
Labour Market
At the end of this lesson, the students should be able to understand Labour Market