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Course / Course Details

Uppersixth Arts Economics

  • Daisey Laurine image

    By - Daisey Laurine

  • 0 students
  • 166 Hours 40 Min
  • (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

UPPER-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

  • 15 chapters
  • 92 lectures
  • 47 quizzes
  • 166 Hours 40 Min total length
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1 DIFFERENCES BETWEEN MICRO AND MACRO ECONS
4 Min


2 DIFFERENCES BETWEEN MICRO AND MACRO ECONS [Quiz]
N/A


3 THE IMPORTANCE OF STUDYING ECONOMICS
6 Min


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


5 Using the PPC to explain opportunity cost
8 Min


6 Using the PPC to explain opportunity cost [Quiz]
N/A


7 Difference between positive Economics & Normative Economics
4 Min


8 Difference between positive Economics & Normative Economics [Quiz]
N/A


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


10 THE CONCEPTS OF SCALE OF PREFERENCE AND OPPORTUNITY COST [Quiz]
N/A


11 Economics as a Social Science
5 Min


12 Economics as a Social Science [Quiz]
N/A


13 Meaning of Economics
4 Min


14 Meaning of Economics [Quiz]
N/A


15 Reasons why Economist Disagree
7 Min


16 Reasons why Economist Disagree [Quiz]
N/A


17 Uses of the Production Posibility Curve
4 Min


18 Uses of the Production Posibility Curve [Quiz]
N/A


19 THE CONCEPT OF SCARCITY AND CHOICE
5 Min


20 THE CONCEPT OF SCARCITY AND CHOICE [Quiz]
N/A


21 Meaning of growth path
6 Min


22 Meaning of growth path [Quiz]
N/A


23 The Production Possibility Table or PPC Table
5 Min


24 The Production Possibility Table or PPC Table [Quiz]
N/A


25 Types of PPC
5 Min


26 Types of PPC [Quiz]
N/A


27 How are Theories formed in Economics
5 Min


28 How are Theories formed in Economics [Quiz]
N/A


29 Meaning of production possibility curve
4 Min


30 Meaning of production possibility curve [Quiz]
N/A


31 Characteristics of rent
3 Min


32 Characteristics of rent [Quiz]
N/A


33 Types of Rent
5 Min


34 Types of Rent [Quiz]
N/A


35 Role of Price Mechanism
5 Min


36 Role of Price Mechanism [Quiz]
N/A


37 Limitation of the Price Mechanism
5 Min


38 Limitation of the Price Mechanism [Quiz]
N/A


39 The meaning of Merit Goods
6 Min


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


41 Rewards of factors of production
4 Min


42 Rewards of factors of production [Quiz]
N/A


1 Meaning of wages
5 Min


2 Meaning of wages [Quiz]
N/A


3 Meaning of money illusion
5 Min


4 Meaning of money illusion [Quiz]
N/A


1 The labor market is perfect; there is perfect mobility of labour.
5 Min


2 The labor market is perfect; there is perfect mobility of labour. [Quiz]
N/A


3 Diagram of the marginal productivity theory
5 Min


4 Diagram of the marginal productivity theory [Quiz]
N/A


1 Meaning of the marginal productivity theory
5 Min


2 Meaning of the marginal productivity theory [Quiz]
N/A


1 The productivity of labour, the price of the product.
5 Min


2 The productivity of labour, the price of the product. [Quiz]
N/A


1 Meaning of the supply of labor.
5 Min


2 Meaning of the supply of labor. [Quiz]
N/A


1 It states that firms seek to maximise profit only, the marginal revenue cannot only be determined by labour, and the theory assumes perfect mobility of labour.
5 Min


2 It states that firms seek to maximise profit only, the marginal revenue cannot only be determined by labour, and the theory assumes perfect mobility of labour. [Quiz]
N/A


1 The meaning of equilibrium wage rate.
5 Min


2 The meaning of equilibrium wage rate. [Quiz]
N/A


3 Diagram showing equilibrium wage rate.
4 Min


4 Diagram showing equilibrium wage rate. [Quiz]
N/A


1 Meaning of collective bargaining
5 Min


2 Meaning of collective bargaining [Quiz]
N/A


1 Meaning of a trade union
5 Min


2 Meaning of a trade union [Quiz]
N/A


1 Craft union, industrial union, white collar trade union, general trade union.
5 Min


2 Craft union, industrial union, white collar trade union, general trade union. [Quiz]
N/A


3 Meaning of a close shop trade union and meaning of an open shop trade union.
5 Min


4 Meaning of a close shop trade union and meaning of an open shop trade union. [Quiz]
N/A


1 To fight for increase in real wages of members, to improve working conditions.
5 Min


2 To fight for increase in real wages of members, to improve working conditions. [Quiz]
N/A


3 To ensure job security, to negotiate better labour laws, to improve productivity of members
5 Min


4 To ensure job security, to negotiate better labour laws, to improve productivity of members [Quiz]
N/A


1 The bases of wage claim
5 Min


2 The bases of wage claim [Quiz]
N/A


3 An increase in the productivity of workers, an increase in the wages of workers in similar occupation.
5 Min


4 An increase in the productivity of workers, an increase in the wages of workers in similar occupation. [Quiz]
N/A


1 The proportion of labor cost in the total cost of production, the extent to which labor can be substituted with machines. [Quiz]
N/A


2 The elasticity of demand for the product, the productivity of the workers.
5 Min


3 The elasticity of demand for the product, the productivity of the workers. [Quiz]
N/A


4 The proportion of labor cost in the total cost of production, the extent to which labor can be substituted with machines.
5 Min


5 The proportion of labour cost in the total cost of production, the extent to which labour can be substituted with machines. [Quiz]
N/A


6 The level of employment in the economy, the skills and honesty of the leaders of the trade unions.
5 Min


7 The level of employment in the economy, the skills and honesty of the leaders of the trade unions. [Quiz]
N/A


8 The financial strength of the trade union, the ways in which the trade union is organised, Government policy on wages.
5 Min


9 The financial strength of the trade union, the ways in which the trade union is organised, Government policy on wages. [Quiz]
N/A


1 Meaning of systems of wage payment
5 Min


2 Meaning of systems of wage payment [Quiz]
N/A


3 Meaning of time rate
5 Min


4 Meaning of time rate [Quiz]
N/A


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