INTRODUCTION The Development of Management thought is basically the historical background of management; management yesterday and management today. This unit introduces you to the early management 10 practices of the division of labour to the industrial revolution up to the scientific management era, which established the framework for many of the contemporary ideas in organizations today. 2.0 OBJECTIVES By the end of the unit you should be able to: 1. Describe the early management practices ...
It appears that there are many definitions of money as there are writers of economists. A number of definitions shall be examined here. One of such definitions is that of Paul Samuelson, who defined money "as the modern medium of exchange and the standard unit in which prices and debts are expressed". Money has also been defined as an asset which is used as a medium of exchange, a store of value and a standard for deferred payment or value. Money is looked at as anything legally acceptable in...
INDUSTRIALIZATION IN NIGERIA: POLICIES AND STRATEGIESEvaluation of Policies and Strategies of Nigerian’s IndustrializationAGRICULTURAL DEVELOPMENT POLICIES AND STRATEGIES IN NIGERIA Nigeria’s Post Independence Agricultural Policies and Strategies ECONOMIC SYSTEMSMajor Elements of Structural Diversity
Nigeria Economic StructurePRE-COLONIAL NIGERIAN ECONOMYIntroductionAgricultureFISHING, HUNTING AND PASTORALISMThe relative size, importance, and contribution of the various sector
IntroductionTypes of samples: Sample selection methodologiesProbability sampling methodologiesHow to determine a sample sizeSYSTEMATIC SAMPLING DEFINITIONDifference between linear systematic sampling and circular systematic samplingThe Advantages of systematic samplingWhat Is Stratified Random SamplingAdvantages of Stratified Random SamplingDisadvantages of Stratified Random SamplingREASON WHY SYSTEMATIC SAMPLING IS PREFERRED TO STRATIFIED SAMPLING
Analysis of Population ParametersSample StatisticSampling ParametersSampling ErrorSampling DistributionSampling Distribution of the Mean
IntroductionCorrelation AnalysisTypes and Magnitude of Measure of AssociationPearson's Correlation CoefficientSpearman's Rank Correlation CoefficientRegression AnalysisMethod of Eye FitThe Least Squares Regression LineForecasting in RegressionEstimation Error in the Dependent Variable yA Note of Warning in Forecasting
Meaning of ProbabilitySet NotationBasic Elements of Probability-Random Experiment-Sample Space-Event
Probability TheoryProbability Distribution-Binomial Distribution-Poison-Hyper Geometric Distribution-Normal DistributionMeasuring Change in Economic Aggregating (Indexing)
Conditional ProbabilityIndependent Event
Leontief Input-Output Models
OptimizationEconomic application Profit FunctionUtility Function
Meaning of International TradeReasons for International TradeClassical Theories of International TradeAssumptions of the TheoryMeaning of Balance of Payments (BOP)Disequilibrium in the Balance of PaymentsMeasures to Adjust Balance of PaymentsThe Phillip's CurvePolicy Implication of the Phillip's Curve
Meaning/Definitions of InflationTypes of InflationCauses of Inflation in NigeriaEffects of Inflation (Problems Caused by Inflation)General Ways of Controlling Inflation in Nigeria
Policy Implication of the Philips CurveMeaning of International TradeReasons for International TradeClassical Theories of International Trade-The Theory of Absolute Cost-The Theory of Comparative CostAssumptions of the TheoryCriticisms of the Theory