Introduction To Cooperatives
- Management Sciences
- 100 level
- 3 credit units
- 124 pages
- 16 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 26 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of CRD124, taken from the course material NOUN publishes.
- UNIT 1 TYPES OF CO-OPERATIVE SOCITIES AND THEIR FUNCTIONSPage 35
- UNIT 2: REASONS FOR ESTABLISHING OR JOINING CO-OPERATIVESPage 44
- UNIT 3 CO-OPERATIVE SPIRIT, CO-OPERATIVE NEXUS AND CO-OPERATIVES EFFECTPage 51
- UNIT 4 CO-OPERATIVE SPIRIT, COOPERATIVE NEXUS AND COOPERATIVES EFFECTPage 59
- UNIT 5: FACTORS THAT ENHANCE THE SUCCESS OF COOPERATIVE ORGANISATIONSPage 67
- UNIT 1 SHARE CAPITAL AS A SOURCE OF CO- OPERATIVE FUNDS IPage 74
- UNIT 2 SHARE CAPITAL AS A SOURCE OF CO- OPERATIVE FUNDS IIPage 81
- UNIT 3 BORROWED CAPITAL AS A SOURCE OF CO- OPERATIVE FUNDSPage 90
- UNIT 4 MANAGEMENT OF CO-OPERATIVEPage 98
- UNIT 5 HISTORICAL DEVELOPMENTS OF CO- OPERATIVES IN NIGERIAPage 107
- UNIT 6 THE RELATIONSHIP BETWEEN GOVERNMENT AND COOPERATIVES IN NIGERIAPage 114
One paragraph, so you can see how it reads
CRD124 · UNIT 1: NATURE OF CO-OPERATIVES
The buyer becomes the seller, the borrower becomes the lender, and the tenant becomes the landlord and so on. The owner – user nature of co- operative will be explained further when we start to look at the definitions of a co–operative in unit 3.
What you should be able to do
- Differentiate between cooperatives and other forms of self-help organizations.
- Classify cooperatives based on various criteria.
- Explain the economic and sociological reasons for joining cooperatives.
- Identify sources of cooperative funds and their characteristics.
- Describe the structure and functions of cooperative management.
- Analyze the historical development of cooperatives in Nigeria.
What it prepares you for
- Cooperative Manager
- Credit Officer
- Community Development Officer
- Microfinance Officer
- Entrepreneur
- Agriculture
- Finance
- Community Development
- Retail
- Microfinance
Where it gets hard
The units students slow down on, and what makes each one heavy.
- MODULE 1
Unit 2: The Differences and Similarities between Co–operatives and other Self – Help Organisations
Understanding the nuances between formal cooperatives and traditional self-help organizations requires careful analysis of their structures and objectives.
- MODULE 3
Unit 2: Share Capital as a Source of Co-operative Funds II
Requires understanding of financial statements and accounting principles to fully grasp the implications of reserve funds.
A suggested way through it
13 weeks, about 32 hours in total. Yours will differ.
- Week 1MODULE 1
Unit 1: Nature of Co-operatives · 2 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 2MODULE 1
Unit 2: The Differences and Similarities between Co–operatives and other Self – Help Organisations · 2 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 3MODULE 1
Unit 3: Definition of a Co-operatives and the Analysis · 2 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 4MODULE 1
Unit 4: Co-operative and other Forms of Business · 2 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 5MODULE 1
Unit 5: Classification of Co-operatives · 2 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 6MODULE 2
Unit 1: Types of Co-operative Societies and their Functions · 2 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 7MODULE 2
Unit 2: Reasons for Establishing or Joining Co-operatives · 2 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 8MODULE 2
Unit 3: Co-operative Spirit, Cooperative Nexus and Co-operatives Effect · 2 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 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 9MODULE 2
Unit 5: Factors that Enhance the Success of Cooperative Organisations · 2 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 10MODULE 3
Unit 1: Share Capital as a Source of Co-operative Funds I · 2 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 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 11MODULE 3
Unit 3: Borrowed Capital as a Source of Co-operative Funds · 2 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 12MODULE 3
Unit 4: Management of Co-operative · 2 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 13MODULE 3
Unit 5: Historical Developments of Co-operatives in Nigeria · 2 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 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..
Preparing for the exam
- Review the definitions of key terms such as 'cooperative,' 'self-help organization,' and 'share capital.'
- Create a comparative table outlining the differences between cooperatives and other business structures (sole proprietorship, partnerships, etc.) from Unit 4.
- Focus on understanding the various classifications of cooperatives (Unit 5) and their practical applications.
- Summarize the reasons for joining cooperatives (Unit 7), categorizing them into economic and sociological factors.
- Understand the different sources of funds for cooperatives (Units 1-3 of Module 3) and their advantages/disadvantages.
- Review the structure and functions of cooperative management (Unit 4 of Module 3), focusing on the roles of members, committee members, and managers.
- Outline the historical development of cooperatives in Nigeria (Units 5-6 of Module 3), noting key events and government interventions.
Questions students ask about this course
What is CRD124 about?
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.
How many units does CRD124 have?
CRD124, Introduction To Cooperatives, has 16 units across 3 modules, over 124 pages of course material. You can read it one unit at a time.
How many credit units is CRD124?
CRD124 carries 3 credit units, at 100 level in Management Sciences.
Is CRD124 hard?
CRD124 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does CRD124 take to study?
About 26 hours of study, spread across its 16 units.
How is CRD124 assessed?
CRD124 is assessed by assignments, tutor marked assessments and final examination.
What can I do with CRD124?
Cooperative Manager, Credit Officer, Community Development Officer, Microfinance Officer and Entrepreneur.