Economics Planning I
- Social Sciences
- 400 level
- 2 credit units
- 113 pages
- 12 units
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.
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 ECO441, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
ECO441 · Unit 1: Meaning of Economic Planning.
In this section, we shall look at the objectives of economic planning. The following are the objectives of economic planning as outlined by Pooja Mehta.
What you should be able to do
- Define economic planning and its objectives
- Analyze the role of planning in developing economies
- Compare and contrast different economic development models
- Evaluate the success and failures of Nigeria's development plans
- Apply economic planning principles to real-world scenarios
What it prepares you for
- Economic Planner
- Policy Analyst
- Development Economist
- Government Advisor
- Project Manager
- Government
- International Development
- Consulting
- Finance
- Research
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues
Unit III: Theories and Models of Economic Planning
Theories and models require strong analytical skills and understanding of mathematical concepts.
- Module 3: Economic Development Planning Experience in Nigeria
Unit II: National Economic Plans During and After SAP Era
Understanding the historical context and the reasons for the failures of past plans requires critical thinking.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues
Unit 1: Meaning of Economic Planning · 2 hours
Define economic planning.. Discuss the objectives of economic planning.. Identify the rationales for economic planning..
- Week 2Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues
Unit II: Features and Types of Planning in Developing Nations · 2 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 3Module 1: Economic planning: Meaning, Terminologies and Contemporary Issues
Unit III: Theories and Models of Economic Planning · 2 hours
Define economic planning models.. Enumerate and discuss types of planning models.. Identify the theories of economic development planning..
- Week 4Module 2: The Concept and Approaches to Economic Growth and Development
Unit 1: Economic development and economic growth · 2 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 5Module 2: The Concept and Approaches to Economic Growth and Development
Unit II: Sustainable Development · 2 hours
Define sustainable development.. Understand the objectives of sustainable development.. Highlight and explain elements of policies for sustainable development.
- Week 6Module 2: The Concept and Approaches to Economic Growth and Development
Unit III: The Concept of Underdevelopment · 2 hours
Know the Meaning of underdevelopment.. Highlight the visible criteria or indicators of underdeveloped countries.. Understand the obstacles to economic development..
- Week 7Module 3: Economic Development Planning Experience in Nigeria
Unit 1: National planning in Nigeria; Pre-independence to SAP Era · 2 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 8Module 3: Economic Development Planning Experience in Nigeria
Unit II: National Economic Plans During and After SAP Era · 2 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 9Module 3: Economic Development Planning Experience in Nigeria
Unit III: Visions and policy statements of economic plans in Nigeria · 2 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 10Module 4: Planning Experiences in other Countries of the World
Unit I: Planning experiences of selected developed countries · 2 hours
Identify the Planning experience of France and the Soviet States. Show Planning experience in the USA. Explain the Planning experience in China..
- Week 11Module 4: Planning Experiences in other Countries of the World
Unit II: Planning experience of India and Asian Tigers · 2 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 12Module 4: Planning Experiences in other Countries of the World
Unit III: Comparisons of economic plans of less developed and developed nations · 2 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 13Course Review
Final Revision · 4 hours
Review all modules and units. Work on assignments. Prepare for final examination.
Preparing for the exam
- Create a timeline of Nigeria's economic plans, noting key objectives and outcomes.
- Compare and contrast the planning experiences of Nigeria with those of China, Malaysia, and Singapore.
- Focus on the factors that contributed to the success or failure of different economic plans.
- Practice applying economic planning concepts to current economic challenges in Nigeria.
- Review all self-assessment exercises and tutor-marked assignments.
Questions students ask about this course
What is ECO441 about?
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.
How many units does ECO441 have?
ECO441, Economics Planning I, has 12 units across 4 modules, over 113 pages of course material. You can read it one unit at a time.
How many credit units is ECO441?
ECO441 carries 2 credit units, at 400 level in Social Sciences.
Is ECO441 hard?
ECO441 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does ECO441 take to study?
About 26 hours of study, spread across its 12 units.
How is ECO441 assessed?
ECO441 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ECO441?
Economic Planner, Policy Analyst, Development Economist, Government Advisor and Project Manager.