📘 Grade 9 → Unit 1: Introducing Economics · Unit 2: Basic Economic Problems and Economic Systems
Definition of economics, micro vs macro, scarcity, choice, opportunity cost, economic systems (capitalism, socialism, mixed).
English: Economics is the study of how scarce resources are allocated to satisfy unlimited wants.
Opportunity cost = the next best alternative forgone. Scarcity forces choice.
Economic systems answer: What to produce? How to produce? For whom to produce?
📘 Grade 9 → Unit 5: Introduction to Production and Cost
Basic production and cost concepts.
📗 Grade 10 → Unit 3: Theories of Production and Cost
Production function, short-run vs long-run, total/average/marginal product, fixed and variable costs, ATC, AVC, MC.
English: Short run: at least one factor fixed. Long run: all factors variable.
Law of diminishing returns: adding more variable input (labour) eventually lowers marginal product.
MC intersects ATC and AVC at their minimum points.
በጣም ግልፅ አማርኛ (ከEnglish ጋር):
Short run፡ ቢያንስ አንድ factor ቋሚ ነው። Long run፡ ሁሉም factors ተለዋዋጭ ናቸው። Law of diminishing returns፡ ተጨማሪ labour ሲጨመር በመጨረሻ marginal product ይቀንሳል።
MC ከATC እና AVC ጋር በminimum ነጥባቸው ይገናኛል።
“MC cuts ATC at the bottom of ATC.” Fixed costs do not change with output in the short run.
“Perfect competition = many + identical. Monopoly = one + unique. Oligopoly = few + interdependent.”
Characteristics of the four market structures በentrance ላይ በጣም ብዙ ጊዜ ይመጣሉ!
6. Macroeconomics እና National Income
📘 Grade 9 → Unit 7: Introduction to Macroeconomics
Basic macroeconomic concepts.
📙 Grade 11 → Unit 3: National Income Accounting · Unit 4: Consumption, Saving and Investment
GDP, GNP, methods of measuring national income, consumption, saving, investment, multiplier.
English: GDP = total value of final goods and services produced within a country in a year.
Three methods: production, income, expenditure (should give same result).
GDP does not include intermediate goods, transfer payments, or home production.
Y = C + I + G + (X − M).
GDP = C + I + G + (X − M)
በጣም ግልፅ አማርኛ (ከEnglish ጋር):
GDP = በአንድ አመት ውስጥ በአገር ውስጥ የተመረቱ final goods እና services ጠቅላላ ዋጋ።
ሦስት የመለኪያ ዘዴዎች፡ production, income, expenditure።
Y = C + I + G + (X − M)።
“GDP counts only final goods within the country’s borders. GNP counts by citizenship.”
GDP definition, components (C+I+G+X−M) እና what is excluded በentrance ላይ በጣም ብዙ ጊዜ ይመጣሉ!
7. Money, Banking እና Finance
📘 Grade 9 → Unit 6: Introduction to Money
Functions of money, types of money.
📗 Grade 10 → Unit 5: Banking and Finance
Financial intermediaries, banks, indigenous financial systems in Ethiopia.
English: Functions of money: medium of exchange, store of value, unit of account, standard of deferred payment.
Commercial banks accept deposits and give loans. Central bank (NBE in Ethiopia) controls money supply and regulates banks.
በጣም ግልፅ አማርኛ (ከEnglish ጋር):
የገንዘብ ተግባራት፡ medium of exchange፣ store of value፣ unit of account። Commercial banks፡ deposit ይቀበላሉ፣ loan ይሰጣሉ። Central bank (በኢትዮጵያ NBE)፡ የገንዘብ አቅርቦትን ይቆጣጠራል።
“Money must be acceptable, divisible, portable, durable, and scarce enough to hold value.”
Functions of money እና role of central bank በentrance ላይ ብዙ ጊዜ ይመጣሉ!
8. Economic Growth እና Development
📗 Grade 10 → Unit 6: Economic Growth
Meaning and measurement of growth, sources of growth, business cycle.
📙 Grade 11 → Unit 6: Economic Development
Growth vs development, indicators (HDI, GDP per capita), barriers to development.
English: Economic growth = increase in real GDP over time.
Economic development = growth + improvement in living standards, education, health, equity.
HDI includes life expectancy, education, and income.
በጣም ግልፅ አማርኛ (ከEnglish ጋር):
Economic growth = real GDP መጨመር። Economic development = growth + የኑሮ ደረጃ፣ ትምህርት፣ ጤና መሻሻል። HDI = life expectancy + education + income።
“Growth is necessary but not sufficient for development.” Look at HDI, not only GDP.
Growth vs development እና HDI በentrance ላይ በጣም ብዙ ጊዜ ይመጣሉ!
9. Ethiopian Economy እና Policies
📗 Grade 10 → Unit 7: The Ethiopian Economy
Structure and features of the Ethiopian economy.
📙 Grade 11 → Unit 5: Trade and Finance · Unit 7: Main Sectors and Policies of Ethiopia
Trade, sectoral policies, agriculture, industry, service sector strategies in Ethiopia.
English: Ethiopian economy is largely agriculture-based (though services share is growing).
Main challenges: low productivity, unemployment, inflation, balance of payments pressure.
Policies aim at agricultural transformation, industrialization, and infrastructure.