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COP211Management Sciences2 Unitsintermediate

Cooperatives Economics I

This course introduces learners to the economics of cooperative and how cooperatives are organised. It covers cooperative terminologies, concepts, and the differences between single-purpose and multi-purpose cooperatives. The course also explores promotional motives, conditions for effective performance, and the effects of cooperatives on members and the public. It further examines sources of capital, investment opportunities, and the classification of cooperatives in Nigeria.

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30h
Study Time
13
Weeks
2h
Per Week
basic
Math Level
Course Keywords
Cooperative EconomicsCapitalInvestmentClassificationsNigeria

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Nature of Cooperatives

2

Cooperative Concepts

3

Cooperative Terminologies

4

Definition of Cooperative

5

Capital Sources

6

Investment Opportunities

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (2 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Cooperative Manager

Apply your skills in this growing field

Credit Officer

Apply your skills in this growing field

Investment Analyst

Apply your skills in this growing field

Agricultural Extension Officer

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

AgricultureFinanceRetailCommunity Development

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Understanding the Nature of Cooperatives

4h

Unit 1: The Nature of Cooperative

2 study hours
  • •Understand the origin and acts of mutual assistance.
  • •Explain the extension of mutual assistance to formal cooperatives.
  • •Describe cooperative as a non-profit making organisation.
  • •Explain the characteristics of cooperative.

Unit 2: Cooperative Concepts

2 study hours
  • •Identify types of cooperative concepts and ideas.
  • •Explain cooperative as a socio-economic entity.
  • •List components of cooperative complex.
  • •Explain cooperative in transition.
Week
2

Module 1: Understanding the Nature of Cooperatives

4h

Unit 3: Explanation of Cooperative Terminologies

2 study hours
  • •Explain what a cooperative spirit is.
  • •Explain what cooperative frequency is.
  • •Describe cooperative effects.
  • •Explain what cooperative movement is.
  • •Determine what cooperative nexus is.
  • •List reasons why cooperative is a Non-Governmental Organisation (NGO).

Unit 4: Definition of Cooperative

2 study hours
  • •Explain what a cooperative is, using the essentialist and nominalist approach.
  • •Define the term "cooperative" in your own word.
Week
3

Module 1: Understanding the Nature of Cooperatives

2h

Unit 5: Promotional Motives of a Cooperative Business Enterprise

2 study hours
  • •Explain the economic problems faced by individuals that may necessitate the establishment of co-operatives.
  • •Discuss the non-economic conditions for the formation of cooperatives.
Week
4

Module 2:

2h

Unit 1: The Need for Individuals with Similar Problems to Come Together to Form a Cooperative

2 study hours
  • •List the major motives why people join or establish cooperatives.
  • •Explain the need for cooperative.
Week
5

Module 2:

2h

Unit 2: Conditions under which a Cooperative Enterprise can Perform Effectively

2 study hours
  • •List the essential factors necessary for the growth and development of a cooperative society.
  • •Explain these factors, clearly.
Week
6

Module 2:

2h

Unit 3: Effects of Cooperative on their Members and the General Public

2 study hours
  • •Identify factors that can influence the establishment of a cooperative in a given area.
  • •Explain the effect of a cooperative on members and non-members (the general public).
  • •Distinguish between various types of cooperative effects.
Week
7

Module 2:

2h

Unit 4: Explanation of the Terms "Groups", "Sub-Groups" and "Bandwagon Effects" in Cooperative

2 study hours
  • •Explain the terms "groups", "sub-groups" in a cooperative society.
  • •Explain the term "bandwagon effects" in a cooperative entity.
  • •Outline how cooperatives are organised.
  • •State the strengths and weaknesses of cooperative business.
Week
8

Module 2:

2h

Unit 5: Sources of Capital in Cooperative Societies

2 study hours
  • •List various sources of funds for cooperative societies.
  • •Explain the meaning of gearing ratio.
  • •Describe which kind of funds is best for cooperatives.
  • •Discuss the legal framework and support that affect cooperative financing.
Week
9

Module 3:

2h

Unit 1: Distinctions between Fixed Capital and Working Capital

2 study hours
  • •Define fixed capital and working capital.
  • •Estimate the value of fixed capital.
  • •Determine investment risk of fixed capital.
  • •List sources of funding for fixed capital investment.
  • •Explain factors which influence fixed capital requirements.
  • •Calculate working capital.
  • •Determine accounts received, accounts payable and inventory.
Week
10

Module 3:

2h

Unit 2: Possible Investment Opportunities Open to Cooperatives in Nigeria

2 study hours
  • •Describe the history of cooperative development in Nigeria.
  • •Explain the meaning of investment.
  • •Discuss the various types of investment opportunities open to cooperatives in Nigeria.
Week
11

Module 3:

2h

Unit 3: Criteria for the Classification of Cooperative

2 study hours
  • •Explain the criteria (or bases) for the classification of cooperatives.
  • •Explain the benefits members of cooperatives derive from their type of cooperatives.
Week
12

Module 3:

2h

Unit 4: Types of Cooperative Societies, their Functions and Assessment of the Correctiveness of Available Classification

2 study hours
  • •List principal types of cooperatives in Nigeria.
  • •Explain the main forms of cooperatives as listed.
  • •Describe the major functions of cooperatives.
  • •Assess the correctness of available classification of cooperatives.
Week
13

Module 3:

2h

Unit 5: Similarities and Differences between Single-Purpose and Multipurpose Cooperatives

2 study hours
  • •State the similarities and differences between single-purpose and multipurpose cooperatives.
  • •State the characteristics and factors that distinguish singlepurpose from multipurpose cooperatives.
  • •Give examples of single-purpose and multipurpose cooperatives in Nigeria.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a study schedule allocating specific time for each module and unit.

2

Review cooperative principles and terminologies from Modules 1 and 2.

3

Practice calculating financial ratios and working capital from Module 3.

4

Focus on understanding the differences between single-purpose and multi-purpose cooperatives.

5

Review all Tutor-Marked Assignments (TMAs) and their solutions.

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