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CRD124Management Sciences3 Unitsintermediate

Introduction To Cooperatives

This course introduces the fundamental concepts of cooperative organizations. It explores the nature, characteristics, and classifications of cooperatives, differentiating them from other self-help organizations. The course covers essential topics such as cooperative spirit, nexus, and effect, as well as factors influencing cooperative success. Additionally, it examines sources of cooperative funds, including share capital and borrowed capital, and provides insights into cooperative management and historical developments in Nigeria.

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26h

Study Time

13

Weeks

2h

Per Week

basic

Math Level

Course Keywords

CooperativesSelf-Help OrganizationsCooperative ManagementShare CapitalBorrowed Capital

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

Self-Help Organizations

3

Cooperative Definitions

4

Types of Business Organizations

5

Classification of Cooperatives

6

Types of Cooperative Societies

7

Reasons for Joining Cooperatives

8

Cooperative Spirit and Nexus

9

Sources of Cooperative Funds

10

Cooperative Management

11

Historical Development of Cooperatives in Nigeria

12

Government and Cooperatives

Total Topics12 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 (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

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

Community Development Officer

Apply your skills in this growing field

Microfinance Officer

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

AgricultureFinanceCommunity DevelopmentRetailMicrofinance

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

MODULE 1

2h

Unit 1: Nature of Co-operatives

2 study hours

•Read Unit 1: Nature of Co-operatives
•Understand the origin and acts of mutual assistance.
•Explain the characteristics of co-operatives and what they are not.

Week

2

MODULE 1

2h

Unit 2: The Differences and Similarities between Co–operatives and other Self – Help Organisations

2 study hours

•Read Unit 2: The Differences and Similarities between Co–operatives and other Self – Help Organisations
•Compare formal co-operative organizations with self-help organizations.
•Identify types of self-help organizations.

Week

3

MODULE 1

2h

Unit 3: Definition of a Co-operatives and the Analysis

2 study hours

•Read Unit 3: Definition of a Co-operatives and the Analysis
•Explain the essentialist and nominalist approaches to cooperative definitions.
•Define the term 'Co–operatives' using the nominalist approach.

Week

4

MODULE 1

2h

Unit 4: Co-operative and other Forms of Business

2 study hours

•Read Unit 4: Co-operative and other Forms of Business
•Identify various types of business organizations in Nigeria.
•Compare co-operatives with other business organizations.

Week

5

MODULE 1

2h

Unit 5: Classification of Co-operatives

2 study hours

•Read Unit 5: Classification of Co-operatives
•Understand the bases for co-operatives classification.
•Classify different types of cooperatives based on various criteria.

Week

6

MODULE 2

2h

Unit 1: Types of Co-operative Societies and their Functions

2 study hours

•Read Unit 1: Types of Co-operative Societies and their Functions
•List principal types of cooperatives in Nigeria.
•Explain the main forms of co-operatives and their major functions.

Week

7

MODULE 2

2h

Unit 2: Reasons for Establishing or Joining Co-operatives

2 study hours

•Read Unit 2: Reasons for Establishing or Joining Co-operatives
•List the major reasons or motives why people join or establish cooperatives.
•Explain the economic and sociological reasons for joining co-operatives.

Week

8

MODULE 2

4h

Unit 3: Co-operative Spirit, Cooperative Nexus and Co-operatives Effect

2 study hours

•Read Unit 3: Co-operative Spirit, Cooperative Nexus and Co-operatives Effect
•Explain what a co-operatives spirit is.
•Describe Co-operative effects and Co-operative nexus.

Unit 4: Co-operative Spirit, Cooperative Nexus and Cooperatives Effect

2 study hours

•Read Unit 4: Co-operative Spirit, Cooperative Nexus and Cooperatives Effect
•Understand the economic conditions for the establishment of cooperatives.
•Explain the non-economic conditions for the establishment of Co-operatives.

Week

9

MODULE 2

2h

Unit 5: Factors that Enhance the Success of Cooperative Organisations

2 study hours

•Read Unit 5: Factors that Enhance the Success of Cooperative Organisations
•List the essential factors necessary for co-operatives growth and development.
•Explain the factors that have been listed.

Week

10

MODULE 3

4h

Unit 1: Share Capital as a Source of Co-operative Funds I

2 study hours

•Read Unit 1: Share Capital as a Source of Co-operative Funds I
•Define fixed capital, operating and working capital, owned capital and borrowed capital.
•Explain what share capital is and its composition.

Unit 2: Share Capital as a Source of Co-operative Funds II

2 study hours

•Read Unit 2: Share Capital as a Source of Co-operative Funds II
•List and explain types of reserves.
•Enumerate and explain sources of reserves.

Week

11

MODULE 3

2h

Unit 3: Borrowed Capital as a Source of Co-operative Funds

2 study hours

•Read Unit 3: Borrowed Capital as a Source of Co-operative Funds
•Explain the features of borrowed capital.
•Discuss the advantages and limitations of borrowed capital.

Week

12

MODULE 3

2h

Unit 4: Management of Co-operative

2 study hours

•Read Unit 4: Management of Co-operative
•Explain the various organs responsible for the management of cooperatives.
•Describe the functions of each organ of management.

Week

13

MODULE 3

4h

Unit 5: Historical Developments of Co-operatives in Nigeria

2 study hours

•Read Unit 5: Historical Developments of Co-operatives in Nigeria
•Describe the history of co-operative development in Nigeria.
•Give reason for government involvement in co-operative development.

Unit 6: The Relationship between Government and Co-operatives in Nigeria

2 study hours

•Read Unit 6: The Relationship between Government and Co-operatives in Nigeria
•Describe the spread of co-operative in Nigeria
•Explain government present roles in co-operative promotion.

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

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review the definitions of key terms such as 'cooperative,' 'self-help organization,' and 'share capital.'

2

Create a comparative table outlining the differences between cooperatives and other business structures (sole proprietorship, partnerships, etc.) from Unit 4.

3

Focus on understanding the various classifications of cooperatives (Unit 5) and their practical applications.

4

Summarize the reasons for joining cooperatives (Unit 7), categorizing them into economic and sociological factors.

5

Understand the different sources of funds for cooperatives (Units 1-3 of Module 3) and their advantages/disadvantages.

6

Review the structure and functions of cooperative management (Unit 4 of Module 3), focusing on the roles of members, committee members, and managers.

7

Outline the historical development of cooperatives in Nigeria (Units 5-6 of Module 3), noting key events and government interventions.

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