Form 5 Economics is a comprehensive course designed to provide students with a solid understanding of economic principles and concepts. This course aims to develop students' analytical and critical thinking skills, enabling them to apply economic theories to real-world situations. Through the study of various economic topics, students will gain insights into the functioning of different economic systems, the role of government in managing the economy, and the impact of global economic trends
Form 5 Economics course is designed to provide students with a comprehensive understanding of economic principles and concepts. This course covers various topics, including supply and demand, market structures, economic systems, inflation, unemployment, fiscal policy, and international trade. Through a combination of theoretical knowledge and practical applications, students will develop critical thinking skills and analytical abilities to analyze economic issues and make informed decisions. The course aims to equip students with a strong foundation in economics, preparing them for further studies or careers in the field. With a professional tone, this course ensures a rigorous and engaging learning experience for students.
1. Introduction to Economics 2. Microeconomics: Demand and Supply 3. Macroeconomics: National Income and Aggregate Demand 4. Economic Systems: Market Economy, Planned Economy, Mixed Economy 5. Government Intervention in the Economy: Fiscal and Monetary Policy 6. International Trade and Globalization 7. Economic Development and Sustainable Growth 8. Economic Challenges: Inflation, Unemployment, and Income Inequality 9. Ethics in Economics Assessment Methods: 1. Written examinations 2. Class participation and discussions 3. Assignments and projects 4. Case studies and simulations 5. Research papers Prerequisites: None Course Duration: One academic year Note: This course outline is subject to modification as per the discretion of the instructor or educational institution. Tone of Voice: Professional
Fundamental notions of money.
The demand for and supply of money.
The value of money
Inflation
Deflation
Fundamental Notions of Banking.
Commercial Bank.
The balance sheet of a commercial bank.
Credit creation by commercial banks.
The central bank.
Fundamental notions of public finance.
The budget
Fundamental notions of taxation.
Types of taxes.
The structure of taxation.
The effects of taxation.
Fundamental notions of Public (National) debt.
Fundamental notions of International trade.
Theories of international trade.
International trade restrictions.
Terms of trade.
Structure of the balance of payments.
Disequilibrium in the Balance of payments.
Types of exchange rate.
Changes in the exchange rate.
International Economics Institutions and regional groupings.
Fundamental notions of national income.
Fundamental notions of the circular flow of income.
Ways of state intervention.
Economic growth.
Economic Development.
Agriculture in Cameroon.
Industrialisation in Cameroon.
Full employment and Unemployment.
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