Certificate in Applied Economics

Topic 1: Foundations of Economics

1. Meaning, Scope and Importance of Economics
2. Scarcity, Choice and Opportunity Cost
3. Factors of Production and Economic Resources
4. Economic Systems and the Role of Government
5. Basic Economic Problems and Decision-Making

Topic 2: Microeconomics and Market Forces

1. Demand and the Law of Demand
2. Supply and the Law of Supply
3. Market Equilibrium and Price Determination
4. Elasticity of Demand and Supply
5. Consumer and Producer Behaviour

TOPIC 3: CONSUMER AND PRODUCER BEHAVIOUR

1. Production and the Production Function
2. Short-Run and Long-Run Production
3. Costs of Production
4. Perfect Competition and Monopoly
5. Monopolistic Competition and Oligopoly

Topic 4: Macroeconomics and National Economic Performance

1. National Income and Gross Domestic Product
2. Economic Growth and Economic Development
3. Inflation and Price Stability
4. Unemployment and Employment Policies
5. Business Cycles and Macroeconomic Performance

Topic 5: Money, Banking and Financial Economics

1. Meaning and Functions of Money
2. Commercial Banks and Credit Creation
3. Central Banking and Monetary Policy
4. Interest Rates and Financial Markets
5. Financial Inclusion and Digital Finance

Topic 6: Public Economics and Government Policy

1. Government and the Economy
2. Public Revenue and Taxation
3. Government Expenditure and Public Goods
4. Public Debt and Fiscal Policy
5. Market Failure and Government Intervention

Topic 7: Development Economics

1. Concepts and Measurement of Economic Development
2. Poverty, Inequality and Social Protection
3. Population, Human Capital and Labour
4. Agriculture, Industry and Structural Transformation
5. Sustainable Development and Inclusive Growth

Topic 8: International Economics and Trade

1. International Trade and Its Importance
2. Comparative Advantage and Trade Theory
3. Balance of Payments and Exchange Rates
4. Trade Policies, Tariffs and Non-Tariff Barriers
5. Regional Integration and Globalisation

Topic 9: Applied Economic Statistics and Research Methods

1. Introduction to Economic Data and Statistics
2. Data Collection and Sampling
3. Descriptive Statistics and Data Presentation
4. Correlation, Regression and Interpretation
5. Economic Research Design and Report Writing

Topic 10: Economic Policy, Planning and Contemporary Issues

1. Economic Policy Formulation and Analysis
2. Public Policy and Evidence-Based Decision-Making
3. Economic Planning and Project Appraisal
4. Applied Economics in Kenya and Developing Economies
5. Contemporary Economic Issues and Future Trends