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General Business

Grade 11 Economics II


Class
Mehari Bisrat
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Lessons

Here is the class outline:

1. Introduction to Economics

2. Meaning and Definition of Economics

3. The Nature of Economics

4. Scope of Economics

5. Usefulness and Significance of Economics

6. Methods of Economic Analysis

7. Integrated Deductive and Inductive Methods

8. Model Building in Economics

9. The Role of Value Judgement in Economic Analysis

10. The Nature of Economic Laws

11. Resource Allocation

12. The Economic Problems

13. Resources

14. The Economica Growth

15. Economic Growth and the PPF

16. Why PPF is Important

17. Production Possiblity Frontier

18. Opportunity Cost and PPC

19. Basic Economic Questions

20. ECONOMIC SYSTEM

21. Advantages & Disadvantages of Capitalist Economy

22. Command/Planned Economy (Socialistic Or Collective Market Economy)

23. Mixed Economy

24. Decision Making Units (Actors)

25. Decision Making Units (Actors

26. Theory of Demand

27. Demand schedule (table), demand curve and demand function

28. Why the Demand Curve Slopes Downward?

29. Market Demand

30. Determinants of demand

31. Elasticity of demand

32. Elasticity of Demand

33. Types of Price Elasticity of Demand

34. Determinants of Price Elasticity of Demand

35. Income elasticity of demand

36. Theory of supply

37. Elasticity of Supply

38. Market Equilibrium

39. The Effects of Changes in Demand and Supply

40. Exceptions to the Law of Supply

41. Market Equilibrium - an illustration

42. Mathematical Analysis of Market Equilibrium

43. Demand and Supply Curves do not Intersect each other –Is it possible?

44. The Theory of Consumer Behavior

45. THE CONCEPT OF UTILITY

46. Utility

47. THE CARDINAL UTILITY THEORY

48. Consumer’s Equilibrium or Law of Equi-Marginal Utility

49. The Ordinal Utility Theory: Concepts

50. An Indifference Curve

51. Marginal Rate of Substitution (MRS)

52. Budget Line

53. Equilibrium of the consumer

54. THEORY OF PRODUCTION

40 min

55. Production Function

56. Production Function with One Variable Input

45 min

57. Stages of Production

58. The Law of Diminishing Marginal Returns

59. Production Function with Two Variable Inputs

60. Isoquant

61. Economic Region of Production

62. Returns to Scale

63. Increasing Returns to Scale

64. Theory of Cost

65. Time Element and Cost

66. Average Costs in the Short Run

67. Marginal Cost and Its Relatioships With Other Types of Cost

68. RELATIONSHIP BETWEEN PRODUCTION AND COST

69. Relationships Between Prodduction Curves and Cost Curves

70. Long-Run Cost of Production

71. Market Structure

72. Perfectly Competetive Market

73. Distinction Between Perfect Competition and Pure Competition

74. TR, AR and MR under Perfect Competition

75. Profit Maximisation or Producer’s Equilibrium in the Short Run

76. Marginal Approach with Graphical Analysis

77. Profit Maximisation in the Long Run

78. Deriving the Supply Curve of a Perfectly Competitive Firm (in the Short Run)

79. PURE MONOPOLY

80. Profit Maximisation Under Pure Monopoly

81. Profit maximization under monopoly

82. Demand Curves Perceived by a Perfectly Competitive Firm and by a Monopoly

83. MONOPOLISTICALLY COMPETITIVE MARKET

84. Profit Maximisation Under Monopolistically Competitive Markets

85. Monopolistic Market vs. Perfect Competition

86. OLIGOPOLY MARKET

87. Methods of Coordination Among Oligopoly Firms

88. Unit 5 Summary

89. MACROECONOMICS

90. General Objectives of Macroeconomic Policy

91. Characteristic Features of Business Cycles

92. Unemployment

93. Analysis of Unemployment

94. Measurement of Unemployment

95. Inflation

96. Cost-Push Inflation

97. The Impact of Inflation On Economic Growth

98. Adverse Effects

99. Budget Deficit

100. Structure (or Components) of Budget

101. Expenditure Budget

102. Unit 6 Summary

103. NATIONAL INCOME ACCOUNT

104. Importance of National Income Accounting

105. GDP ¬GROSS DOMESTIC PRODUCT AND GNP -GROSS NATIONAL PRODUCT DEFINITION AND MEASUREMENT

106. Approach to Measuring GDP

107. Value Added Approach

108. Expenditure Method of Measurment For GDP

109. Problems in Measuring GDP

110. Conversion of Nominal GDP into Real GDP

111. Personal Income

112. Practical Works for GDP

113. Practical Activities For the GDP Calculations

114. Unit 7 Summary

115. CHAPTER EIGHT CONSUMPTION

116. DETERMINANT FACTORS OF CONSUMPTION

117. Consumption Function

118. What is the Average Propensity to Consume (APC)?

119. Propensity To Consume

120. Marginal Propensity to Consume

121. SAVING

122. Consumption and Saving Functions are Complementary

123. Average Propensity to Save (APS)

124. RELATIONSHIP BETWEEN CONSUMPTION AND SAVING

125. INVESTMENT

126.  Role of Investment in Economic Growth

127. Unit 8 Summary

128. INTERNATIONAL TRADE

129. Advantages of International Trade

130. Basis of International Trade

131. Theory of Comparative Cost (David Ricardo)

132. Trade Restrictions

133. The definition of Trade Restrictions in Economics

134. Impact of Foreign Trade on GDP

135. BALANCE OF PAYMENT

136. CIURRENT ACCOUNT

137. CAPITAL ACCOUNT

138. FOREIGN EXCHANGE RATES

139. Floating Exchange Rate

140. DETERMINATION OF LEVELS OF OUTPUT, PRICES, AND EMPLOYMENT

141. Factors that Determine Aggregate Demand

142. Aggregate Supply (AS)

143. Unit 9 Summary

144. MACROECONOMIC POLICIES

145. Contractionary Fiscal Policy:

146. Monetary Policy

147. Public Finance and Taxation

148. Principles of Taxation

149. Classes of Tax

150. Types of Tax

151. Unit 10 Summary