Economics Grade 10: Semester 1

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.

Competence

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.

1: Theory of Consumer Behavior

Lesson 1: The Concept of Utility

Lesson 2: The Consumer Maximization Problem

2: Theories of Demand and Supply

Lesson 3: Theory of Demand and Supply

Lesson 4: Market Equilibrium and Elasticities of Demand & Supply

3: Theories of Production and Cost

Lesson 5: Theory of Production

Lesson 6: Theory of Cost

4: Market Structure

Lesson 7: Perfectly Competitive market and Pure monopoly Market

Lesson 8: Monopolistically Competitive Market and Oligopoly Market

Assessment Methods

Assessment in this module may include:

• Quiz and test
• Mid Exam  
• Final Exam

You will be continuously assessed by the tests presented at the end of every lesson. All assessments consist of automatically graded multiple-choice questions with explanatory feedback. Each question offers four answer choices, marked by small square checkboxes. While the options may not always be labeled A, B, C, or D, you can interpret the checkboxes in that order.

References

Mohammed, H., & Ababu, T. (2022). Economics student textbook: Grade 9. Federal Democratic Republic of Ethiopia, Ministry of Education, Hawassa University.