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Course / Course Details

LOWERSIXTH ECONOMICS

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    By - editor

  • 2 students
  • 2 Hours
  • (0)

Course Requirements

1. Attendance: Regular attendance is expected, as active participation in class discussions and activities is crucial for a comprehensive understanding of the subject matter. 2. Assignments: Completion of assigned readings, problem sets, case studies, and research papers is essential to reinforce the concepts learned in class. 3. Examinations: Students will be assessed through periodic examinations to evaluate their understanding of the course material and their ability to apply economic theories. 4. Research Project: Each student will be required to undertake an independent research project on a specific economic topic, demonstrating their ability to gather and analyze data, and present their findings in a well-structured report. 5. Class Participation: Active participation in class discussions, debates, and group activities is encouraged to enhance understanding and critical thinking skills. 6. Recommended Resources: Students are expected to utilize textbooks, academic journals, reputable online sources, and other relevant materials to supplement their learning and broaden their knowledge base.

Course Description

LOWER-SIXTH ECONOMICS course is designed to provide students with a comprehensive understanding of fundamental economic principles and their real-world applications. Through rigorous analysis and critical thinking, students will delve into key economic concepts, including supply and demand, market structures, inflation, unemployment, fiscal and monetary policies, international trade, and economic growth. This course aims to equip students with the necessary knowledge and skills to comprehend and analyze economic phenomena, enabling them to make informed decisions and contribute meaningfully to the global economy. With a focus on developing a strong foundation in economic theory and practical problem-solving, students will engage in interactive discussions, case studies, and data analysis to deepen their understanding of economic principles.

Course Outcomes

 1. Introduction to Economics - Defining economics and its significance - Basic economic concepts and principles - Understanding the economic problem of scarcity - Different economic systems and their features 2. Microeconomics - Demand and supply analysis - Elasticity of demand and supply - Consumer behavior and utility theory - Production and cost theory - Market structures: perfect competition, monopoly, oligopoly, and monopolistic competition - Factor markets: labor, capital, and land 3. Macroeconomics - National income accounting and measurement - Aggregate demand and aggregate supply - The role of government in the economy - Fiscal and monetary policies - Inflation and unemployment - Economic growth and development 4. International Economics - International trade and comparative advantage - Balance of payments and exchange rates - Globalization and its impact on economies - Trade policies and protectionism - International financial institutions 5. Economic Policy Evaluation - Tools and techniques for economic analysis - Evaluating the effectiveness of economic policies - Cost-benefit analysis - Ethical considerations in economic decision-making 6. Current Economic Issues - Global economic challenges and trends - Environmental sustainability and economics - Income inequality and poverty - Technological advancements and their economic implications - Emerging economies and their role in the global economy Assessment Methods: - Class participation and engagement - Written assignments and essays - Quizzes and examinations - Group projects and presentations - Case studies and economic simulations Note: This course outline is subject to modification based on the instructor's discretion and the specific requirements of the educational institution.

Course Curriculum

  • 21 chapters
  • 514 lectures
  • 273 quizzes
  • 2 Hours total length
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1 Characteristics of Rent
3 Min


2 Characteristics of rent [Quiz]
N/A


3 Types of Rent
5 Min


4 Types of rent [Quiz]
N/A


1 Definition of Market Failure
5 Min


2 Definition of Market failure [Quiz]
N/A


3 Causes and Remedies of Market Failure
5 Min


N/A


N/A


6 Causes and Remedies of market Failure [Quiz]
N/A


1 Meaning of Production
5 Min


2 Meaning of Production [Quiz]
N/A


3 Meaning of output & types of output
5 Min


4 Meaning of output & types of output [Quiz]
N/A


1 Nationalised Industries
5 Min


N/A


3 Nationalized Industries [Quiz]
N/A


4 Formation & Sources of Capital
5 Min


N/A


6 Formation and Sources of Capital [Quiz]
N/A


7 Advantages and Disadvantages of Nationalised Industries
5 Min


N/A


9 Advantages and Disadvantages of Nationalized Industries [Quiz]
N/A


10 Cooperative Societies
5 Min


N/A


12 Cooperatives Societies [Quiz]
N/A


13 Types & Formation
5 Min


N/A


15 Types and Formation [Quiz]
N/A


16 Advantages and Disadvantages of Cooperative Societies
5 Min


N/A


18 Advantages and Disadvantages of Cooperative Societies [Quiz]
N/A


19 Public Private Partnership(PPP)
5 Min


N/A


21 Public Private Partnership [Quiz]
N/A


22 Functioning of Public Private Partnership(PPP)
5 Min


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24 Functions of Public Private Partnership [Quiz]
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25 Multinational Companies
5 Min


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27 Multinational Companies [Quiz]
N/A


28 Advantages and Disadvantages of Multinational Companies to Host and Home Countries
5 Min


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30 Advantages and Disadvantages of Multinational Companies to Host and Home Countries [Quiz]
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31 Sources of Finance to Businesses
5 Min


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33 Sources of Finance to Businesses [Quiz]
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34 Internal Sources
5 Min


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36 Internal Sources [Quiz]
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37 Advantages and Disadvantages of Sources of Finance to Businesses
5 Min


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39 Advantages and Disadvantages of Sources of Finance to Business [Quiz]
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40 The meaning of Merit Goods
6 Min


41 The meaning of Merit Goods [Quiz]
N/A


1 The Growth of Firms
5 Min


N/A


3 Methods and Reasons for Growth
5 Min


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1 Elasticity of Supply
5 Min


N/A


3 Elasticity of Supply [Quiz]
N/A


4 Formula and Calculation of Elasticity of Supply
5 Min


N/A


6 Formula and calculation of Elasticity of supply [Quiz]
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7 Graphical Illustration of Elasticity of Supply
5 Min


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9 Graphical Illustration of Elasticity and supply [Quiz]
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10 Effects of Indirect Taxes on Market Price
5 Min


N/A


12 Effects of Indirect taxes on market Price [Quiz]
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13 Elasticity and Tax Burden
5 Min


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15 Elasticity and tax burden [Quiz]
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16 Effects of Subsidies on Market Price
5 Min


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18 Effects of Subsidies on Market Price [Quiz]
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19 Elasticity and Subsidy
5 Min


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21 Elasticity and Subsidy [Quiz]
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22 Price Fluctuations in Agricultural Industry
5 Min


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24 Price Fluctuation in Agricultural Industry [Quiz]
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25 Reasons for Fluctuations
5 Min


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27 Reasons for Fluctuation [Quiz]
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28 Cobweb Theory
5 Min


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30 Cobweb Theory [Quiz]
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31 Graphical Illustrations and Weaknesses
5 Min


32 Graphical Illustrations and Weaknesses [Quiz]
N/A


33 Reasons for Government Intervention
5 Min


34 Reasons for Government Intervention [Quiz]
N/A


35 Stabilisation Policies
5 Min


36 Stabilization Policies [Quiz]
N/A


37 Buffer Stocks Scheme for Price and Income
5 Min


38 Buffer Stock Schemes for Price and Income [Quiz]
N/A


39 Illustrations of Buffer Stocks Scheme for Price
5 Min


40 Illustration of Buffer Stock Schemes for price [Quiz]
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41 Advantages and Problems of Buffer Stocks
5 Min


42 Advantages and problems of Buffer Stock [Quiz]
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43 Stabilisation Fund
5 Min


44 Stabilization Funds [Quiz]
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45 Advantages and Disadvantages of Stabilisation Funds
5 Min


46 Advantages and Disadvantages of Stabilization Funds [Quiz]
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1 The effects of a subsidy when the demand for a good is elastic_2
5 Min


2 The effects of a subsidy when the demand for a good is elastic [Quiz]
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3 Disadvantages of Sole proprietorship
4 Min


4 Disadvantages of Sole proprietorship [Quiz]
N/A


5 Meaning of conglomerate or diversified integration
4 Min


6 Meaning of conglomerate or diverstified intergration [Quiz]
N/A


7 Meaning of Public Enterprises
3 Min


8 Meaning of Public Enterprises [Quiz]
N/A


9 Types of Cooperative Societies pt 2
5 Min


10 Types of cooperative societies [Quiz]
N/A


11 ARGUMENTS AGAINST PRIVATISATION
4 Min


12 ARGUEMENTS AGAINST PRIVITSATION [Quiz]
N/A


13 Characteristics of a Public Enterprise
4 Min


14 Characteristics of a public enterprise [Quiz]
N/A


15 INTERNAL SOURCES OF FINANCE TO PARTNERSHIP
4 Min


16 Internal sources of finance to partnership [Quiz]
N/A


17 FOUR DISADVANTAGES OF PARTNERSHIP
4 Min


18 FOUR DISADVANTAGES OF PARTNERSHIP [Quiz]
N/A


19 DEMAND AND SUPPLY
4 Min


20 DEMAND AND SUPPLY [Quiz]
N/A


21 The 2 types of Partnership
3 Min


22 The two types of partnership [Quiz]
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23 Economics -Meaning of partnership
3 Min


24 Meaning of partnership [Quiz]
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25 Types of debenture
5 Min


26 Types of debenture [Quiz]
N/A


27 DIFFERENCES BETWEEN SOLE PROPRIETORSHIP AND PARTNERSHIP
3 Min


28 Differences between sole proprietorship and partnership [Quiz]
N/A


29 The meaning of intergration of firms
3 Min


30 The meaning of intergration of firms [Quiz]
N/A


31 The problems of privatization in cameroon
4 Min


32 The problems of privatization in Cameroon [Quiz]
N/A


33 The Method of Growth of firms
3 Min


34 The Method of Growth of firms- [Quiz]
N/A


35 The reasons why firms grow
5 Min


36 The reasons why firms grow [Quiz]
N/A


37 SIMILARITIES BETWEEN PARTNERSHIP AND SOLE PROPRIETORSHIP
3 Min


38 SIMILARITIES BETWEEN PARTNERSHIP AND SOLE PROPRIETORSHIP [Quiz]
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39 Advantages of a Cooperative Society
5 Min


40 Advantages of a cooperative society [Quiz]
N/A


41 CHARACTERISTICS OF A PUBLIC ENTERPRISE
4 Min


42 Characteristics of a public enterprise [Quiz]
N/A


43 Disadvantages of a Cooperative Society
4 Min


44 Disadvantages of a cooperative society [Quiz]
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45 Advantages & disadvantages of debenture
6 Min


46 Advantages and disadvantages of debenture [Quiz]
N/A


47 Types of vertical intergration of firms
4 Min


48 Types of vertical Integration of Firms [Quiz]
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49 ARGUMENTS AGAINST PRIVATISATION
4 Min


50 Arguments Against Privatization [Quiz]
N/A


51 SIX EXTERNAL SOURCES OF FINANCE TO PARTNERSHIP
4 Min


52 Six External Sources of Finance to Partnership [Quiz]
N/A


53 Characteristics of a Public Enterprise
4 Min


54 Characteristics of a Public enterprise [Quiz]
N/A


1 Scale of preference
5 Min


2 SCALE OF PREFERENCE [Quiz]
N/A


3 Scarcity
2 Min


4 SCARCITY [Quiz]
N/A


5 Importance of studying economics
3 Min


6 Importance of studying economics [Quiz]
N/A


7 Importance of studying Economics 2
5 Min


8 Importance of studying economics [Quiz]
N/A


9 What are Ends, Scarce Means & Alternative uses
5 Min


10 What are Ends, Scarce Means & Alternative uses [Quiz]
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11 Importance of studying Economics
5 Min


12 Importance of studying Economics [Quiz]
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13 Origin of economics
2 Min


14 Origin of Economics [Quiz]
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15 Economics - Economics As a Science Subject
5 Min


16 Economics - Economics As a Science Subject [Quiz]
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17 Ends scarce means and alternative uses
5 Min


18 Ends scarce means and alternative uses [Quiz]
N/A


19 DIFFERENT DEFINITIONS OF ECONOMICS
5 Min


20 DIFFERENT DEFINITIONS OF ECONOMICS [Quiz]
N/A


21 Economics - Importance of Economics
5 Min


22 Economics - Importance of Economics [Quiz]
N/A


23 Why Economics is not considered as a Science Subject
5 Min


24 Why Economics is not considered as a Science Subject [Quiz]
N/A


25 Difference Between Micro & Macro Economics
5 Min


26 Difference Between Micro & Macro Economics [Quiz]
N/A


27 Basic concepts of economics
5 Min


28 Basic concepts of economics [Quiz]
N/A


29 Definitions of some important concepts
7 Min


30 Definition of some important concepts [Quiz]
N/A


1 Using the PPC to Explain Opportunity Cost -Copy
8 Min


2 Using the ppc to explain opportunity cost [Quiz]
N/A


3 Uses of the Production Posibility Curve
4 Min


4 Uses of the production possibility curve [Quiz]
N/A


5 Difference between positive Economics & Normative Economics
5 Min


6 Difference between positive economics and Normative Economics [Quiz]
N/A


7 DIFFERENCES BETWEEN MICRO AND MACRO ECONS
4 Min


8 Difference between macro and micro Economics [Quiz]
N/A


9 Reasons why Economist Disagree
7 Min


10 Reasons for Economic Disagree [Quiz]
N/A


11 How are Theories formed in Economics
5 Min


12 THE CONCEPTS OF SCALE OF PREFERENCE AND OPPORTUNITY COST
4 Min


13 The concept of scale of preference and opportunity cost [Quiz]
N/A


14 The Production Possibility Table or PPC Table
5 Min


15 The production possibility table [Quiz]
N/A


16 THE IMPORTANCE OF STUDYING ECONOMICS
6 Min


17 THE IMPORTANCE OF STUDYING ECONOMICS [Quiz]
N/A


18 Types of PPC
5 Min


19 Types of PPC [Quiz]
N/A


20 Meaning of Economics
4 Min


21 Meaning of economic [Quiz]
N/A


22 Meaning of growth path
6 Min


23 Meaning of growth path [Quiz]
N/A


24 Economics as a Social Science
5 Min


25 Economic as a social sciences [Quiz]
N/A


26 Using the PPC to explain Opportunity Cost
8 Min


27 using the ppc to explain opportunity cost [Quiz]
N/A


28 The Concept of Scarcity and Choice
5 Min


29 The scarcity and choice [Quiz]
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1 Role of Price Mechanism
5 Min


2 Role of price Mechanism [Quiz]
N/A


3 Limitation of the Price Mechanism
6 Min


4 limitation of the price Mechanism [Quiz]
N/A


1 Production
5 Min


N/A


3 Production [Quiz]
N/A


4 Types of Production
5 Min


N/A


6 Types of Production [Quiz]
N/A


7 Stages of Production
5 Min


N/A


9 Stages of Production [Quiz]
N/A


10 Types of Output
5 Min


N/A


12 Types of Output [Quiz]
N/A


13 Consumer Goods
5 Min


N/A


15 Consumer goods [Quiz]
N/A


16 Producer Goods
5 Min


N/A


18 Producer goods [Quiz]
N/A


19 Social Goods
5 Min


N/A


21 Social goods [Quiz]
N/A


1 The Meaning of Economic System
5 Min


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3 The Meaning of Economic System [Quiz]
N/A


4 Functions and Types of Economic Systems
5 Min


N/A


6 Functions and Types of Economic Systems [Quiz]
N/A


7 The Traditional Economic System
5 Min


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9 The Traditional Economic System [Quiz]
N/A


10 Features & Solving the Economic Problem
5 Min


N/A


12 Features and Solving the Economic Problems [Quiz]
N/A


13 Advantages and Disadvantages of Traditional Economic System
5 Min


N/A


15 Advantages and Disadvantages of Traditional Economic Systems [Quiz]
N/A


16 Market Economic System
5 Min


N/A


18 Market Economic System [Quiz]
N/A


19 Planned Economic System
5 Min


N/A


21 Planned Economic System [Quiz]
N/A


22 Advantages and Disadvantages of Market Economic Systems
5 Min


N/A


24 Advantages and Disadvantages of Market Economic System [Quiz]
N/A


25 Mixed Economic System
5 Min


N/A


27 Mixed Economic System [Quiz]
N/A


28 Role of the Government in a Mixed Economy
5 Min


N/A


30 Role of the Government in a Mixed Economic System [Quiz]
N/A


31 Advantages and Disadvantages of Mixed Economy
5 Min


N/A


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36 Advantages and Disadvantages of a Mixed Economic System [Quiz]
N/A


1 Meaning of Factors of Production
5 Min


2 Meaning of Factors of Production [Quiz]
N/A


3 Specific and non-Specific Factors of Production
5 Min


4 Specific and Non-Specific Factors of Production [Quiz]
N/A


5 Classification of Factors of Production
5 Min


6 Classification of Factors of Production [Quiz]
N/A


7 Land as a Factor of Production
5 Min


8 Land as a factor of Production [Quiz]
N/A


9 Labour as a Factor of Production
5 Min


10 Labour as a Factor of Production [Quiz]
N/A


11 Meaning and Characteristics of Labour
5 Min


12 Meaning and Characteristics of Labour [Quiz]
N/A


13 The Supply of Labour
5 Min


14 The Supply of Labour [Quiz]
N/A


15 Efficiency of Labour
5 Min


16 Efficiency of Labour [Quiz]
N/A


17 Mobility of Labour
5 Min


18 Mobility of Labour [Quiz]
N/A


19 Types of Labour
5 Min


20 Types of Labour [Quiz]
N/A


21 Occupational Mobility of Labour
5 Min


22 Occupational Mobility of Labour [Quiz]
N/A


23 Geographical Mobility of Labour
5 Min


24 Geographical Mobility of Labour [Quiz]
N/A


25 Division of Labour
5 Min


26 Division of Labour [Quiz]
N/A


27 Advantages and Disadvantages of Division of Labour
5 Min


28 Advantages and Disadvantages of Division of Labour [Quiz]
N/A


29 Limitations of Division of Labour
5 Min


30 Limitations of Division of Labour [Quiz]
N/A


31 Capital as a Factor of Production
5 Min


32 Characteristics & Types
5 Min


33 Capital Formation and Consumption
5 Min


34 Mobility of Capital
5 Min


35 Capital Widening and Capital Deepening
5 Min


36 Entrepreneur
5 Min


37 Difference between Entrepreneur and Labour
5 Min


38 Specific and non-specific Factors of Production
5 Min


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62 Rewards of Factors of Production
4 Min


1 Laws of Returns
5 Min


N/A


3 The Law of Diminishing Returns
5 Min


4 Returns to a Variable Factor
5 Min


5 Returns to Scale
5 Min


N/A


7 Economies and Diseconomies of Scale
5 Min


N/A


9 Internal and External Economies of Scale
5 Min


10 Internal and External Diseconomies of Scale
5 Min


11 The Sole Proprietor
5 Min


12 Sources of Capital
5 Min


13 Advantages and Disadvantages of Sources of Capital
5 Min


14 The Partnership
5 Min


15 Characteristics of The Partnership
5 Min


16 Types of Partnerships
5 Min


17 Formation of Patnerships
5 Min


18 Sources of Capital
5 Min


19 Advantages and Disadvantages of Partnership
5 Min


20 The Joint-Stock Companies
5 Min


21 Features & Types
5 Min


22 Formation of Joint-Stock Companies
5 Min


23 Sources of Capital
5 Min


24 Advantages and Disadvantages of Joint-Stock Companies
5 Min


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1 External Sources
5 Min


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3 Advantages and Disadvantages of External Sources
5 Min


N/A


5 The Stock Exchange (Bourse)
5 Min


N/A


7 Functioning of The Stock Exchange (Bourse)
5 Min


N/A


9 Causes of Changes in Security Prices
5 Min


N/A


11 Problems Stock
5 Min


N/A


13 Advantages and Disadvantages of Problem Stock
5 Min


N/A


1 Origin of Economics
5 Min


2 Origin of Economics [Quiz]
N/A


3 Definition of economics according to Adam Smith, definition of Economics according to Alfred Marshall.
5 Min


4 Definition of economics according to Adam Smith, definition of Economics according to Alfred Marshall. [Quiz]
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5 Definition of Economics according to John S. Mill, definition of Economics according to A.C Piggott.
5 Min


6 Definition of Economics according to John S. Mill, definition of Economics according to A.C Piggott. [Quiz]
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7 Definition of Economics according to Lionel Robbins
5 Min


8 Definition of Economics according to Lionel Robbins [Quiz]
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9 The Definition & Tools
5 Min


10 Definition & Tools [Quiz]
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11 Tools & Importance of Micro and Macroeconomics
5 Min


12 Importance of Micro and Macro Economics [Quiz]
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13 Definition of Production Possibility Curve(PPC )
5 Min


14 Definition of Production Possibility Curve [Quiz]
N/A


15 Assumptions & Construction of Production Possibilty Curve
5 Min

Curve


16 Assumptions and Construction of Production Possibility Curve [Quiz]
N/A


17 Changes in the Slopes and Importance
5 Min


18 Changes in the slopes and importance [Quiz]
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19 Methodology of Economics
5 Min


20 Methodology of Economics [Quiz]
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21 Positive and Normative Economics [Quiz]
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22 Positive and Normative Economics
5 Min


23 Economics Methods and Techniques
5 Min


24 Economics Methods and Techniques [Quiz]
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1 The Paradox of Value
5 Min


2 The Utility Theory
5 Min


3 Calculation of Total Utility
5 Min


4 Marginal Utility
5 Min


5 The Law of Diminishing Marginal Utility
5 Min


6 Illustrations of Utility Concepts
5 Min


7 Consumer Equilibrium
5 Min


8 Equilibrium Conditions
5 Min


9 Weaknesses of the Utility Concept
5 Min


10 The Indifference Curve Theory
5 Min


11 Characteristics & Assumptions of the Indifference Curve
5 Min


12 Indifference Map and Illustration
5 Min


13 The Budget Line
5 Min


14 Consumer Equilibrium At Constant Prices and Income
5 Min


15 Definition and Derivation for Normal/Inferior goods and basic necessities
5 Min


16 The Meaning of Price
5 Min


17 Limitations of the Law of Diminishing Marginal Utility
5 Min


18 Price Consumption Line
5 Min


19 Derivation of Demand Curve using the Price Consumption Curve
5 Min


20 Income Consumption Line
5 Min


21 Role of Price Mechanism
5 Min


1 Meaning of Demand
5 Min


2 Individual and market demand schedules
5 Min


3 The Law of Demand
5 Min


4 Plotting of Demand Curve
5 Min


5 Shape of a Normal Demand curve and Reasons for the Shape
5 Min


6 Exceptional Demand Curve various Cases and Illustrations
5 Min


7 The Determinants and Movements in Demand
5 Min


8 Determinants of Demand
5 Min


9 Movements in Demand
5 Min


10 Change in Quantity Demanded
5 Min


11 Change in Demand
5 Min


12 Types of Demand
5 Min


13 Joint Demand
5 Min


14 Competitive Demand
5 Min


1 Meaning of Supply
5 Min


2 Individual and Market Supply Schedules
5 Min


3 The Law of Supply
5 Min


4 The Supply Curve
5 Min


5 Plotting of Supply Curve
5 Min


6 Shape of a Normal Supply Curve
5 Min


7 Reasons for the Shape of a Normal Supply Curve
5 Min


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9 Backward Sloping Supply Curve
5 Min


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11 The Determinants and Movements in Supply
5 Min


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13 Factors Affecting Supply
5 Min


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15 Movements in Supply
5 Min


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17 Change in Quantity Supplied
5 Min


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19 Change in Demand
5 Min


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21 Types of Supply
5 Min


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23 Joint Supply
5 Min


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25 Competitive Supply
5 Min


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27 Composite Supply
5 Min


1 The Market Price
5 Min


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3 Interaction of Demand and Supply
5 Min


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5 Equilibrium Price and Quantity
5 Min


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7 The Effects of Changes in Demand and Supply on the Equilibrium Price
5 Min


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9 Determination of Consumer and Producer Surpluses
5 Min


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11 Consumer Surplus
5 Min


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13 Producer Surplus
5 Min


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15 Community Surplus
5 Min


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