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ECO441Social Sciences2 Unitsintermediate

Economics Planning I

This course introduces the basics of Economic Planning, covering theories, practices, processes, and strategies adopted by Nigeria, developing countries, and developed countries. It explores theories, processes, and strategies involved in economic planning that can be adopted by central authorities to achieve targets within a specified time. The course incorporates all aspects of human aspirations to accelerate a country's social, economic, and political development.

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26h
Study Time
13
Weeks
2h
Per Week
basic
Math Level
Course Keywords
Economic PlanningDevelopmentNigeriaStrategiesTheories

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

Economic Planning Theories

2

Development Models

3

Sustainable Development

4

Economic Growth

5

Underdevelopment

6

National Planning in Nigeria

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 (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

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Economic Planner

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Development Economist

Apply your skills in this growing field

Government Advisor

Apply your skills in this growing field

Project Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

GovernmentInternational DevelopmentConsultingFinanceResearch

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues

2h

Unit 1: Meaning of Economic Planning

2 study hours
  • •Define economic planning.
  • •Discuss the objectives of economic planning.
  • •Identify the rationales for economic planning.
Week
2

Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues

2h

Unit II: Features and Types of Planning in Developing Nations

2 study hours
  • •Show the various types of economic planning.
  • •Enumerate the relevance of development models to economic planning.
  • •Identify the features of economic planning in Less Developed Countries.
Week
3

Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues

2h

Unit III: Theories and Models of Economic Planning

2 study hours
  • •Define economic planning models.
  • •Enumerate and discuss types of planning models.
  • •Identify the theories of economic development planning.
Week
4

Module 2: The Concept and Approaches to Economic Growth and Development

2h

Unit 1: Economic development and economic growth

2 study hours
  • •Define economic development and economic growth.
  • •Show and identify the measurements of economic development.
  • •Understand what the human development index is all about.
Week
5

Module 2: The Concept and Approaches to Economic Growth and Development

2h

Unit II: Sustainable Development

2 study hours
  • •Define sustainable development.
  • •Understand the objectives of sustainable development.
  • •Highlight and explain elements of policies for sustainable development
Week
6

Module 2: The Concept and Approaches to Economic Growth and Development

2h

Unit III: The Concept of Underdevelopment

2 study hours
  • •Know the Meaning of underdevelopment.
  • •Highlight the visible criteria or indicators of underdeveloped countries.
  • •Understand the obstacles to economic development.
Week
7

Module 3: Economic Development Planning Experience in Nigeria

2h

Unit 1: National planning in Nigeria; Pre-independence to SAP Era

2 study hours
  • •Discuss Nigeria's Pre-Independence economic plan.
  • •Explain Nigeria's Post-Independence Development Plan: 1st and 2nd Plan.
  • •Understand Nigeria's Post-Independence Development Plan: 3rd and 4th Plan.
Week
8

Module 3: Economic Development Planning Experience in Nigeria

2h

Unit II: National Economic Plans During and After SAP Era

2 study hours
  • •Understand the Fifth National Development Plan and SAP.
  • •Ascertain the Perspective Plan and Rolling Plans.
  • •Discuss the macro objectives of rolling plans in Nigeria
Week
9

Module 3: Economic Development Planning Experience in Nigeria

2h

Unit III: Visions and policy statements of economic plans in Nigeria

2 study hours
  • •Show the overview of Nigeria's vision 2010 economic plan.
  • •Discuss the NEEDS, Vision 2020, and other policy statements
  • •Understand the challenges of economic developments plans in Nigeria
Week
10

Module 4: Planning Experiences in other Countries of the World

2h

Unit I: Planning experiences of selected developed countries

2 study hours
  • •Identify the Planning experience of France and the Soviet States
  • •Show Planning experience in the USA
  • •Explain the Planning experience in China.
Week
11

Module 4: Planning Experiences in other Countries of the World

2h

Unit II: Planning experience of India and Asian Tigers

2 study hours
  • •Understand planning experience in India
  • •Discuss the planning experience of the Asian Tigers
  • •Explain the vision of Singapore to become a developed country
Week
12

Module 4: Planning Experiences in other Countries of the World

2h

Unit III: Comparisons of economic plans of less developed and developed nations

2 study hours
  • •Compare China and Nigeria in terms of economic performance
  • •Compare Malaysia and Nigeria in terms of economic performance
  • •Compare Singapore and Nigeria in terms of economic performance
Week
13

Course Review

4h

Final Revision

4 study hours
  • •Review all modules and units
  • •Work on assignments
  • •Prepare for final examination

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 timeline of Nigeria's economic plans, noting key objectives and outcomes.

2

Compare and contrast the planning experiences of Nigeria with those of China, Malaysia, and Singapore.

3

Focus on the factors that contributed to the success or failure of different economic plans.

4

Practice applying economic planning concepts to current economic challenges in Nigeria.

5

Review all self-assessment exercises and tutor-marked assignments.

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