Empowering the nation through Economic Literacy

iEE

 Institute of Economic Education

(A Div. of KnowledgeFountain)

Economic Literacy Initiative is dedicated to Late Nani A. Palkhivala

Give instruction to a wise man and he will be yet wiser.

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India's First 

Economic & Environment

Literacy Course 

IEE, a division of KnowledgeFountain offers Economic  & Environment Literacy programs for all. Basic knowledge of economy is essential for right decision making in all fields. People should be able to understand implications of economic changes.  You do not have to be a mechanic to learn driving. Thus, to understand and analyse the changing economic environment one need not be a trained economist. Sadly, economics is taught not as a ‘common sense subject’ but as a very complex, academic subject. Economists too talk in some otherworldly language full of jargons. Economic Literacy is very important for right, informed decision making in all fields. Common people find economics very mysterious and confusing. Sadly, economics is taught not as a ‘common sense subject’ but as a very complex, academic subject. Economists too talk in some otherworldly language full of jargons. So common people do not understand GDP, Inflation, stagflation, Current Account Deficit, etc. You do not have to be a mechanic to learn driving. Thus, to understand and analyse the changing economic environment one need not be a trained economist. Institute of Economic Education offers a unique  certificate course in ‘Economic & Environment Literacy’. This is for all. Investors will find this course very rewarding. The objective is to enable people to understand important concepts in economics and to get insightful understanding of changing economic environment.

As environment and economics go hand in hand, a special course on Environment Literacy is given with this. Water scarcity  is emerging as a major factor all over the world. It is considered as a major cause of conflict in future. a special course module is given on water and related issues.

The objective of this course is capacity building for individual and community level leadership. We expect our learners to become knowledge workers for the society.

CONTENTS    

Unit – I

·        Welcome   

·        Introduction

What is Economics about?, Any definition of Economics?, Economic Problem, What is the economy?, What economists do?, Economics is a science, Importance of Study of Economics, Macro and micro Economics, The vocabulary of Economics (Wants, How do wants arrive?, Comforts, Consumption, Engel’s Law of Family Expenditure, The concept of Utility, Types of Utility, The Law of Diminishing Utility, Marginal Utility, Exception to the Law of Diminishing Utility, Demand, Supply, Value, Price, Progress in economic thoughts, Mercantilists, Physiocrats, Classical School, Marginalist School, Marxist School, Institutionalist School, Keynesian School

·        Production

-          Scarcity and Choice, Factors of Production, Economic System, Market Economies, Command Economies, Mixed Economies, Production, Types of Production   

·        Factors of Production  

-       Land ( Peculiarities of Land, Factors affecting Productivity of Land, Land is subject of the Law of Diminishing Returns, The Law of Diminishing Returns, Other applications of the Law  

-     Labour (Importance of Labour, Some other peculiarities of Labour, Labour Force, Supply of Labour, The Productivity and Efficiency of Labour, Mobility of Labour, Importance of Mobility of Labour)  

-      Capital (Land and Capital, Wealth and Capital, Is money capital?, Forms of Capital, Classification of Capital, Formation of Capital, Factors in Capital Formation, Importance of Capital Formation, Functions of Capital, Concept of “Roundabout” Method of Production, Understanding Division of Labour)

-      Enterprise (Difference between Labour and Enterprise, Functions of the Organiser, Entrepreneur and Manager, Qualities essential in an entrepreneur)

·        Additional Reading –I

·        Ethics and Economics

·        The basic frame work for a closed economy 

·        Environment Literacy - IEnvironment as a Factor of Production       

·        Glossary For Economic Literacy Course   

Unit – II   

Macroeconomics   

·     Introduction

Market Systems, National Income, Understanding Fiscal Systems, Income and Employment, Some important theories (Keynesian Economics), Aggregate market, Money, Inflation, Deflation, Stagflation, and Devaluation, Monetary Standards, Currency systems, Saving and Investment, Monetarism, Banking system (Credit creation and Investment), Central Banking, Reserve Bank of India, Financial Institutions, Understanding Business Cycles, Pricing Policy, International Trade, Balance of Payments, Economic Growth

·        Additional Reading – II  

·      Environment Literacy – II UNDERSTANDING  CRITICAL  TRENDS 

Unit – III  

·        Essentials of Microeconomics  

·       Additional Reading – III  

·        Environment Literacy – III   UNDERSTANDING SECURITY 

Unit – IV

·        Indian Economy – The Past

·        The Indian Economic System

·       Indian Economy – the Present

·       Indian Economy in Transition – problems and prospects (Economic Reforms)   

·        Additional Reading – IV  

·       Environment Literacy – IV- The Challenge of Building Sustainable Societies 

Unit – V 

·      Global Economy (WTO era, Dawn of Knowledge Societies, the rich-poor disparities and issues of Third world development)

·      Global Economy in Transition   

·        Additional Reading – V  

·        Environment Literacy – V    SAVING THE PLANET

Unit – VI

·   Understanding the Changing Economic Environment

·   Sociological issues and Economic Development

·   Understanding Budget

·   Trend Analysis and Analysing Budget

·   Economics for Daily Usage

·   Vital Statistics

·   Building your own Knowledge Bank (Knowledge Resources, Important Institutes, Think Tanks, Associations, NGOs, Periodicals, Web sites, etc.)   

·        Additional Reading – VI  

·        Environment Literacy – VI   Environmental Issues in India

Unit – VII  

·     Assignment : Prepare your own Budget for the country  

·    You are the Finance Minister of India – Now solve these problems.  

·  Additional Reading – VII (Study of leading NGOs Vanrai and Dr. M.S. Swaminathan Research Foundation)

Contents of Environment Literacy Course

·     Environment Literacy Package - I

- Environment as a Factor of Production       

The Population Challenge, Grain Production, Fresh Water, Biodiversity, Energy, Oceanic Fish Catch, Jobs, Infectious Disease, Forests, Housing, Climate Changes, Materials, Urbanisation, Education, Waste, Conflict, Meat Production, Income, Conclusion : The Emergence of Demographic Fatigue, Important points, Environmental Capital and Future of Nation-state   

·      Environment Literacy Package – II UNDERSTANDING  CRITICAL  TRENDS :Global Change and Sustainable Development - Development and Environment: From Stockholm to Rio,  Trends in World Population, Energy and Materials Consumption, Agriculture and Food Supply, Water:  A Multifunction Resource, Human development, Conclusions -  The Impact Policy,  Priority Strategies  

·     Environment Literacy Package – III    UNDERSTANDING SECURITY - Sources Of  Stress : Environmental Stress, Conflict Over The Environment, People On The Move, Security  In The Twenty First Century, A Human Security  Policy, Enhancing  International  Peace  Capacity, A Human Security Budget, Vicious Circles: Two Case Studies, A Global Partnership For Human Security?    

·       Environment Literacy Package – IV

The Challenge of Building Sustainable Societies   

·     Environment Literacy Package – V SAVING THE PLANET : The Economist Vs. The Ecologist ,The efficiency Revolution, Building  a Solar Economy - Towards Solar Future, Reusing and Recycling Materials, Protecting the Biological Base, Grain for Eight Billion, A Stable World Population, From Growth to Sustainable Progress, Better Indicators of Human Welfare, Banking on the Environment, The Struggle for a New World  

·        Environment Literacy Package – VI

- Environmental Issues in India  

• Water - the Matrix of Life : Understanding the basics

• The state of this water resources at local, national and    international level.

•  Issues Related to Water

• Solutions on Water Crises 

• Community Level solutions (Water Harvesting, etc.)

      Duration -  6 months

Course fee : The course could be completed online as well as by correspondence distance education. Printed study material is dispatched in correspondence course. 

Fee structure :

Correspondence Distance mode : Rs. 3500.

Fee is to be paid by a Demand Draft/Crossed Cheque for the right amount (Rs.3500 for correspondence course) drawn in favour of ‘KnowledgeFountain’ payable at Mumbai. Course books will be delivered within two weeks of the receipt of the admission form. Note : At the end certificate of participation is awarded. The test is in form of critical appraisal of annual budget. Group discounts for corporate training.   

Eligibility: 

There is no minimum eligibility as such to join this course. You should be interested in this subject, and should have good knowledge of English. We at Institute of Economic Education believe that even most complex ideas too can be explained and taught in plain and simple language if we sincerely attempt. There is an urgent need to demystify knowledge so that common people take no threat of it. Knowledge is for all and everyone is equally entitled to it. There should be no barriers to knowledge. It should be available to one and all as tool of empowerment and development.  

This philosophy of making knowledge available to all is the guiding principle for us all at Institute of Economic Education. 

Economics is too important to be left to economists and teachers of economics.

Our humble effort it to take economic literacy to more and more people is inspired with this knowledge for all ideal. 

Economic & Environment Literacy Course is especially rewarding for aspirants of higher careers in management, civil services, business, etc. Entrepreneurs will find this knowledge very empowering. 

We welcome you to join this course. All are welcome. 

Click here for Admission Form.