Course Description:
This module provides a comprehensive knowledge and concept of grade 10 Economics. It starts from Theory of Consumer Behavior, Theories of Demand and Supply, Theories of Production and Cost, Market Structure, Banking and Finance, Economic Growth, The Ethiopian Economy, Business Startups and Innovation. While online learning shares many of the fundamental design principles of effective activities, assessments, and interactions used in other learning contexts, it is worth considering the unique set of teaching and learning conditions that the online environment generates.
Interactions between instructors, course content, and learners in online courses are influenced by physical and social distances, familiar and unfamiliar types of teaching technologies, and cognitive, affective, and motivational challenges as well as opportunities.
Course Objective:
Students to understand the basic theoretical background of each unit and try to associate the theories with the practical situation in their country.
Module Objectives:
After completing Module 1 , you will be able to:
- Explain cardinal and Ordinal utility theory,
- Discuss the law of diminishing marginal utility
- illustrate the consumer optimum under the cardinal approaches
- Explain the theory of demand and the theory of supply
- State the Theory of production and Cost; production functions in the short and long run..
- Explain the characteristics of the market structures.
Assessment Methods:
Activities, Self Check Questions, Review Questions and Test.
Reference Materials:
Economics Student Text Book Grade 10
OVerview
UNIT ONE: Theory of Consumer Behavior
Lesson 1: Unit Introduction, The Concept of Utility and The Cardinal Utility Theory
Lesson 2: The Consumer Maximization Problem and Introduction to the Ordinal Utility Theory
Lesson 3: Unit Summary
Unit Review Exercises
UNIT TWO : Theories of Demand and Supply
Lesson 1: Unit Introduction, Theory of Demand and Theory of Supply
Lesson 2: Market Equilibrium and Elasticities of Demand & Supply
Lesson 3: Unit Summary
Unit Review Exercises
UNIT THREE: Theories of Production and Cost
Lesson 1: Unit Introduction and Theory of Production
Lesson 2: Theory of Cost
Lesson 3: Unit Summary
Unit Review Exercises
UNIT FOUR Market Structure
Lesson 1: Unit Introduction, Perfectly Competitive market and Pure monopoly Market
Lesson 2: Monopolistically Competitive Market and Oligopoly Market
Lesson 3: Unit Summary
Unit Review Exercises
