ECONOMICS
ECONOMICS
Medium Term Course
[[welcome_to]] ECONOMICS !!
This is a course designed to equip the learners with knowledge and skills in regard to the economic environment and strategies in the market
KSH 2000.00
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Course Plan
+TOPIC 1 - INTRODUCTION TO ECONOMICS
+TOPIC 2 - DEMAND,SUPPLY AND DETERMINATION OF EQUILIBRIUM
+TOPIC 3 – THE THEORY OF CONSUMER BEHAVIOR.
Concepts
- Approaches to the theory of the consumer – Cardinal approach versus ordinal approach
- Utility analysis, marginal utility(MU),Law of diminishing marginal utility.
- Limitations of cardinal approach
- Indifference curve analysis
- Budget line
- Consumer equilibrium; Effects of changes in prices and incomes on consumer equilibrium
- Derivation of a demand curve.
- Application of indifference curve analysis
- Consumer surplus.
+TOPIC 4 – THE THEORY OF A FIRM
+TOPIC 5 – NATIONAL INCOME
Concepts
- Definition of national income
- Circular flow of income
- Approaches to measuring national income
- Concepts of national income
- Analysis of consumption, saving and investment and their interaction in a simple economic model
- Determination of equilibrium national income
- Inflationary and deflationary gaps
- The multiplier and accelerator concepts
- Business cycles/cyclical fluctuations
+TOPIC 6 – ECONOMIC GROWTH, ECONOMIC DEVELOPMENT AND ECONOMIC PLANNING
Concepts
- The difference between economic growth and economic development
- Actual and potential growth
- Actual and potential growth
- The benefits and costs of economic growth
- Determinants of economic development
- Obstacles to economic development
- The need for development planning
- Short term medium term and long term planning tools
- Limitations of planning in developing countries
Who should go for this course?
This course can be taken by :
Course Features
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Category :mElimu Education Service Provider
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Recommended Duration:0
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Certificate:Yes
Activities
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Assignment:0
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Quiz:0
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Forum:108
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Chat:0