Cooperatives Economics I

1. Explain the nature and characteristics of cooperatives
2. Identify and explain cooperative terminologies and concepts
3. Define a cooperative society using different approaches
4. Identify sources of capital and investment opportunities for cooperatives
5. Classify cooperatives based on various criteria

13 weeks, about 30 hours in total. Yours will differ.

1. Week 1Module 1: Understanding the Nature of Cooperatives

   • Unit 1: The Nature of Cooperative · 2 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 hours

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

2. Week 2Module 1: Understanding the Nature of Cooperatives

   • Unit 3: Explanation of Cooperative Terminologies · 2 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 hours

     Explain what a cooperative is, using the essentialist and nominalist approach.. Define the term "cooperative" in your own word..

3. Week 3Module 1: Understanding the Nature of Cooperatives

   • Unit 5: Promotional Motives of a Cooperative Business Enterprise · 2 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..

4. Week 4Module 2:

   • Unit 1: The Need for Individuals with Similar Problems to Come Together to Form a Cooperative · 2 hours

     List the major motives why people join or establish cooperatives.. Explain the need for cooperative..

5. Week 5Module 2:

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

     List the essential factors necessary for the growth and development of a cooperative society.. Explain these factors, clearly..

6. Week 6Module 2:

   • Unit 3: Effects of Cooperative on their Members and the General Public · 2 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..

7. Week 7Module 2:

   • Unit 4: Explanation of the Terms "Groups", "Sub-Groups" and "Bandwagon Effects" in Cooperative · 2 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..

8. Week 8Module 2:

   • Unit 5: Sources of Capital in Cooperative Societies · 2 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..

9. Week 9Module 3:

   • Unit 1: Distinctions between Fixed Capital and Working Capital · 2 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..

10. Week 10Module 3:

    • Unit 2: Possible Investment Opportunities Open to Cooperatives in Nigeria · 2 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..

11. Week 11Module 3:

    • Unit 3: Criteria for the Classification of Cooperative · 2 hours

      Explain the criteria (or bases) for the classification of cooperatives.. Explain the benefits members of cooperatives derive from their type of cooperatives..

12. Week 12Module 3:

    • Unit 4: Types of Cooperative Societies, their Functions and Assessment of the Correctiveness of Available Classification · 2 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..

13. Week 13Module 3:

    • Unit 5: Similarities and Differences between Single-Purpose and Multipurpose Cooperatives · 2 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..