Course Description
Dear Students,
Welcome to Grade 11 Economics Module Two!
In this module, we will delve deeper into various advanced economic concepts, building on the foundational knowledge gained in Module One. The focus will be on understanding trade, finance, economic development, and sectorial policies and strategies, with a specific emphasis on the Ethiopian context. This module aims to enhance your analytical skills and provide a comprehensive understanding of how trade and economic policies shape national and global economies.
Structured into three main units, this module will guide you through:
- Unit Five: Trade and Finance – Explore the fundamentals of trade, including domestic and international trade theories. Understand the balance of payments, trade policies, exchange rates, and the impact of regional integration and globalization on Ethiopia.
- Unit Six: Economic Development – Analyze economic growth and development, with a focus on the Human Development Index (HDI) and the performance of Ethiopia against the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs).
- Unit Seven: Main Sectors, Sectorial Policies, and Strategies of Ethiopia – Examine the key sectors of the Ethiopian economy, including agriculture, industry, and services. Understand historical and current policies and strategies applied in these sectors.
Course Objectives
Upon successful completion of this module, you will be able to:
- Define and explain the concept of trade and its importance.
- Differentiate between domestic and international trade.
- Justify Adam Smith’s absolute cost advantage theory and David Ricardo’s comparative advantage theory of international trade.
- Contrast the basic similarities and differences between these two international trade theories.
- Describe the components of the balance of payments and the determinants of exchange rates.
- Evaluate trade policies and strategies, including regional integration and globalization practices relevant to Ethiopia.
- Apply the Human Development Index (HDI) and analyze Ethiopia’s progress towards Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs).
- Understand economic growth versus economic development and measures of productivity.
- Review historical and contemporary agricultural, industrial, and service sector policies and strategies in Ethiopia.
Course Contents
Unit Five: Trade and Finance
- Lesson 1: Overview of Domestic Trade
- Lesson 2: Basis of International Trade
- Lesson 3: Basic Theories of International Trade
- Lesson 4: Balance of Payment Components
- Lesson 5: Trade Policies and Strategies
- Lesson 6: Exchange Rate Determinations
- Lesson 7: Regional Integration and Globalization Practices in the Ethiopian Context
Unit Six: Economic Development
- Lesson 1: Economic Growth and Economic Development
- Lesson 2: Measures of Productivity
- Lesson 3: Human Development Index (HDI)
- Lesson 4: Capability Approach
- Lesson 5: Sustainable Development
- Lesson 6: Millennium Development Goals (2000-2015)
- Lesson 7: The Sustainable Development Goals (2015-2030)
Unit Seven: Main Sectors, Sectorial Policies, and Strategies of Ethiopia
- Lesson 1: Overview of Agricultural Policies and Strategies
- Lesson 2: Specific Policies and Strategies of the Agricultural Sector
- Lesson 3: Problems of the Agricultural Sector
- Lesson 4: Specific Policies and Strategies of the Industrial Sector
- Lesson 5: The Service Sector Policies and Strategies in Ethiopia
Assessment Methods
- Engagement (brainstorming questions)
- Activity questions
- Quizzes
- Model Exams
Reference Materials
- Grade 11 Economics Textbooks
- Samuelson, P. A., & Nordhaus, W. D. (2020). Economics. McGraw-Hill Education.
- Mankiw, N. G. (2021). Principles of Economics. Cengage Learning.
- Pindyck, R. S., & Rubinfeld, D. L. (2018). Microeconomics. Pearson.
- Rosen, H. S., & Gayer, T. (2020). Public Finance. McGraw-Hill Education.
- Krugman, P., & Obstfeld, M. (2020). International Economics: Theory and Policy. Pearson.
- Stiglitz, J. E. (2002). Globalization and Its Discontents. W.W. Norton & Company.
- World Bank. (2023). Ethiopia Economic Update.
- International Monetary Fund. (2023). Ethiopia: Staff Country Reports.
- African Development Bank. (2022). Ethiopia Economic Outlook.
- OECD. (2023). Economic Policy Reforms: Going for Growth.
