Elasticity Of Demand :Price Determination
At the end of the lesson, the student should be able to understand Elasticity Of Demand :Price Determination
Market Structures
Explain the concept of market and distinguish it from the market place.
Distinguish between perfect and imperfect markets by being able to identify their features.
Draw graphs to illustrate price and quantity determination under :a)perfect competition (b)monopoly(c) oligopoly
Price Determination
The interaction between the forces of demand and supply in determining the market price.
The effect of changes in demand/supply on the equilibrium price and quantity.
Elasticity of demand and supply with the use of curves and mathematical expressions.
The concept of elasticity to analyse price policy of firms as maximum and minimum price control.
Elementary treatment of Utility Theory
Explain the concept of total, average and marginal utility.
Discuss the principles of utility maximization and diminishing marginal utility.
Explain why the curve is downward sloping
Money: Inflation and deflation
Identify the different types of inflation/deflation, the alternative causes and control measures.
Identify the effects of inflation/deflation
Discuss Nigeria’s inflationary experience and the various control measures adopted by government.
Money: Demand for and supply of money
Describe types of financial institutions and their functions.
Explain elementary Quantity Theory of money.
Identify the determinants of the supply of money.
Explain how changes in the price level affect the purchasing power of money.
Types of Financial Institutions and their functions
Define Money and Capital markets;.
Identify the types and functions of the institutions.
Explain the types and features of securities.
Explain the process of and requirements for accessing the capital market.
List the benefits of the capital market.
Demonstrate the understanding of the meaning, transaction and trading methods in the secondary market.
Types and Features of Economic systems
Describe different economic systems(free enterprise, centrally planned and mixed economy) and how they solve their economic problems.
Distinguish among the systems
The Concept Of Total Average And Marginal Productivity
At the end of this lesson, the students should be able to understand The Concept Of Total Average And Marginal Productivity
Theory Of Consumer Behaviour 2
At the end of this lesson, the students should be able to understand the Theory Of Consumer Behaviour
Theory Of Consumer Behaviour
At the end of this lesson, the students should be able to understand the Theory Of Consumer Behaviour
Tools For Economic Analysis Ii
At the end of this lesson, the students should be able to understand the Tools For Economic Analysis
Cost Concept 2
At the end of this lesson, the students should be able to understand Cost Concept
Manufacturing And Construction 2
At the end of this lesson, the students should be able to understand Manufacturing And Construction
Economics Manufacturing And Construction 3
At the end of this lesson, the students should be able to understand Economics Manufacturing And Construction
Theory Of Cost
At the end of the lesson, the student should be able to understand Theory Of Cost
Theory Of Demand & Supply
At the end of this lesson, the students should be able to understand the Theory Of Demand & Supply
Labour Market: Wage Determination
At the end of this lesson, the students should be able to understand Wage Determination
Concept Of Equilibrum
At the end of this lesson, the students should be able to understand the Concept Of Equilibrum
Theory Of Supply
Meanings of demand and supply and market equilibrium.
The factors affecting demand and supply.
Distinguishing between factors causing shift in demand and supply curves, and those causing movements along demand and supply curves.
Drawing of the schedules and curves to explain the changes.
Distinguishing between various types of demand.