Economics Grade-11: Semester 2

Description

Dear Learners,

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.

Competencies

Dear Learners,

At the end of successful completion of the study 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.

Contents:

Unit 5: 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 6: Economic Development

Lesson 8: Economic Growth and Economic Development

Lesson 9: Measures of Productivity

Lesson 10: Human Development Index (HDI)

Lesson 11: Capability Approach

Lesson 12: Sustainable Development

Lesson 13: Millennium Development Goals (2000-2015)

Lesson 14: The Sustainable Development Goals (2015-2030)

Unit 7: Main Sectors, Sectorial Policies, and Strategies of Ethiopia

Lesson 15: Overview of Agricultural Policies and Strategies

Lesson 16: Specific Policies and Strategies of the Agricultural Sector

Lesson 17: Problems of the Agricultural Sector

Lesson 18: Specific Policies and Strategies of the Industrial Sector

Lesson 19: The Service Sector Policies and Strategies in Ethiopia

Assessment Methods

• Engagement (brainstorming questions)
• Activity questions
• Quizzes
• Model Exams

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.

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.