The objective is to: 1. Distinguish between economic growth and economic development 2. Discuss the characteristics of under-development 3. Explain the goals of development 4. Discuss the factors which may hinder development 5. Explain the meaning of development planning 6. Recognize the need for development planning 7. Discuss problems encountered in development planning

The objective is to: 1. Explain the meaning of international trade 2. Explain the advantages and disadvantages of international trade 3. Discuss terms of trade, balance of trade and balance of payments 4. Discuss the causes of balance of payments disequilibrium 5. Discuss the measures that may be taken to correct the balance of payment

The objective is to: 1. Explain the meaning and limitations of barter trade 2. Explain the meaning and characteristics of money 3. Explain the functions of money 4. Explain demand for and supply of money 5. Describe the meaning of banking 6. Describe the development of banking 7. Explain the functions of commercial banks 8.

The objective is to: 1. Explain the meaning and purpose of public finance 2. Describe the various sources of public finance 3. Categorize government expenditure 4. Explain the principles of government expenditure 5. Explain the meaning and purpose of taxation 6. Explain the principles of taxation 7. Classify taxes 8. Explain the merits and demerits

The objective is to: 1. Explain the meaning of inflation 2. Determine consumer price index 3. Explain the various types of inflation 4. Discuss causes of each type of inflations 5. Explain the levels of inflation 6. Assess the effects of inflation in an economy 7. Discuss the methods of controlling inflation

The objective is to: 1. Explain the meaning of the term source documents 2. Identify the various source documents used to record business transactions 3. Discuss the various books of original entry 4. Explain the meaning of the term journal 5. Record information in the relevant journal from the source documents 6. Post information from

The objective is to: 1. Identify the various financial statements 2. Explain the importance of each of the financial statements 3. Explain the concept of trading period 4. Prepare simple Financial Statements 5. Explain the various types of capital 6. Calculate basic ratios from financial statements 7. Explain the importance of each of the basic