COURSES
CLASSIFICATION OF COURSES
The following terminologies shall be used:
(i) Compulsory Courses
Courses specified by a department, which a student must take, and pass.
(ii) Required Courses
These shall mean those specified courses with a department, which a student must take but not necessarily pass. A minimum mark of 30% is needed to satisfy this requirement.
(iii) Elective Courses
These shall mean course from which a student can choose in order to make up the required additional units for the award of degree.
(iv) University Courses - General Studies (GES) Courses
It should be said unequivocally that no student may graduate from the University without passing ALL relevant GES courses.
(v) Faculty- wide Course FSS 204
FSS 204: Statistics in the Social Sciences is a faculty course and is compulsory for all students in the Faculty of the Social Sciences. As the title suggests the course is concerned with the fundamentals of statistics in the Social Sciences
COURSES OFFERRED UNDER BACHELOR OF SCIENCE DEGREE PROGRAMME IN ECONOMICS
FIRST SEMESTER
Course Code Course Title
Eco 101 Introductory Economics I
Eco 104 Introductory Mathematics for Economists I
Eco 105 Arguments and Critical Thinking
Eco 201 Principles of Economics I
Eco 204 Introductory Mathematics for Economists II
Eco 301 Microeconomic Theory
Eco 303 Structure of the Nigerian Economy
Eco 305 Project Analysis I
Eco 311 Introduction to Accounting
Eco 331 Introduction to Political Economy
Eco 341 Mathematics for Economists
Eco 342 Introduction to Operation Research
Eco 351 Introduction to International Economics
Eco 361 Monetary and Financial Institutions
Eco 371 Elements of Public Finance
Eco 381 History of Economic Thought I
Eco 391 Economics of Human Resources
Eco 401 Microeconomics
Eco 403 Original Essay
Eco 404 Quantitative Analysis
Eco 415 Corporate Finance
Eco 423 Development Economics
Eco 425 Environmental and Resource Economics
Eco 433 Comparative Economic Systems I
Eco 443 Econometrics
Eco 451 Theory of International Trade
Eco 461 Monetary Theory and Policy
Eco 471 Public Sector Economics
Eco 483 Developments in Global Economy
Eco 485 Issues in Islamic Economic System and Finance
Eco 487 Issues of Industrial Economics
Eco 491 Labour Economics
SECOND SEMESTER
Eco 102 Introductory Economics II
Eco 103 Nigerian Economy in Perspective
Eco 202 Principles of Economics II
Eco 203 Applied Economics
Eco 205 Introduction to Logic
Eco 302 Macroeconomic Theory
Eco 304 Statistics for Economics
Eco 306 Research Methodology
Eco 312 Principles of Accounting
Eco 321 Economic Development Theory
Eco 342 Introduction to Operation Research
Eco 352 Fundamental of Deposit Insurance
Eco 362 Monetary Theory
Eco 385 Principles of Islamic Economics and Finance
Eco 393 Introduction to Industrial Economics
Eco 402 Macroeconomics
Eco 403 Original Essay
Eco 405 Project Analysis II: Case Study
Eco 416 Accounting for Economic Decision Making
Eco 432 The Political Economy of Institutions
Eco 452 International Finance
Eco 462 Practice of Deposit Insurance System
Eco 472 Fiscal Policy
Eco 486 Industrial Economics
Eco 492 Issues in Human Capital Development
FOUR YEAR DEGREE PROGRAMME
SUMMARY OF COURSES
(A) COMPULSORY COURSES
(i) 100 Level Units
ECO 101 3
ECO 102 3
ECO 104 3
(ii) 200 Level
ECO 201 3
ECO 202 3
ECO 204 3
FSS 204 3
(ii) 300 Level
ECO 301 3
ECO 302 3
ECO304 3
ECO306 3
(iv) 400 Level
ECO 401 3
ECO 402 3
ECO 403 6
ECO405 3
(B) REQUIRED COURSES
(i) 100 Level
ECO 103 3
ECO 105 3
(ii) 200 Level
ECO 203 3
ECO 205 3
(iii) 300 Level
ECO 303 3
ECO 311 3
ECO 321 3
ECO 341 3
ECO 305 3
ECO 381 3
(iv) 400 Level
ECO 404 3
ECO 406 3
ECO 443 3
(C) ELECTIVE COURSES
(i) 100 Level
Nil
(ii) 200 Level
Nil
(iii) 300 Level
ECO 312 3
ECO 331 3
ECO 342 3
ECO 351 3
ECO 352 3
ECO 361 3
ECO 362 3
ECO 371 3
ECO 385 3
ECO 391 3
ECO 393 3
(iv) 400 Level
ECO 415 3
ECO 416 3
ECO 423 3
ECO 425 3
ECO 432 3
ECO 433 3
ECO 442 3
ECO 451 3
ECO 452 3
ECO 461 3
ECO 462 3
ECO 471 3
ECO 472 3
ECO 483 3
ECO 485 3
ECO 486 3
ECO 487 3
ECO 491 3
ECO 492 3
COURSE LIST FOR THE FOUR YEAR B.Sc.. (Econs) DEGREE
A = No. of Hours Theoretical Instruction
B = No. of Hours of Practical Instruction
C = Total No. of Units
D = Pre-requisites
E = Remarks
C: Compulsory
R: Required
E: Elective
PR: Pre-requisite
Course Code |
Course Title/Contents (Course Description/Synopsis |
A |
B |
C |
D |
E |
GES 101 |
Use of English |
|
|
3.0 |
|
University Compulsory General studies |
GES 104 |
Science and mankind |
|
|
2.0 |
|
“ “ |
GES 105 |
Agriculture, Renewable Natural Resources, Animal Husbandry and Health |
|
|
2.0 |
|
“ “ “ |
GES107 |
Reproductive Health, Sexually Transmitted Infections (STIs) and Human Immunodeficiency Virus (HIV) |
|
|
2.0 |
|
“ “ “ |
GES 201 |
Use of English II |
|
|
3 |
|
“ “ |
GES 301 |
Introduction to Entrepreneurial Skills |
|
|
2 |
|
“ “ |
ECO 101 |
PRINCIPLES OF ECONOMICS I The Basic Problem of Scarcity and Choice; the methodology of Economic science; general principle of resource allocation; equilibrium; microeconomics vs macroeconomics. Theory of demand, supply and price type of allocation decisions. Theory of the Firm; Introduction to Welfare economics. HL:45; HP:0; U:3 |
45 |
|
3.0 |
|
Compulsory Pre-Requisite to 201 |
ECO 102 |
PRINCIPLES OF ECONOMICS II Introduction to macroeconomics; national Income Determination; The public sector in national economy and macroeconomic policy objectives and instruments; Introduction to money and banking; introduction to economic growth and international trade analysis. |
45 |
|
3.0 |
|
Compulsory Pre-Requisite to 202 |
ECO 103 |
THE NIGERIAN ECONOMY IN PERSPECTIVE The Application of the economic principles discussed in Introductory Economics I and II to the Nigerian Economy. Emphasis will be on the interpretation of economic data |
45 |
|
3.0 |
|
Required Pre-Requisite to 203 |
ECO 104 |
INTRODUCTORY MATHEMATICS FOR ECONOMISTS I The Use of Mathematics in Economics; Limitation and abuses of mathematics in Economics; Basic Concept in Mathematics; Sets, set inequalities and functions in economic solution of simultaneous equations; series and progressions; permutations and combinations; growth mathematics including logarithms and time rate of change; Coordinate geometry and basic trigonometry. |
45 |
|
3.0 |
|
Compulsory Pre-Requisite to 204 |
ECO 105 |
Arguments and Critical Thinking in Economics Meaning and definition. Types of discourse. The nature of arguments. Validity; techniques for evaluating arguments. Inductive and deductive inferences. Illustrative arguments taken from typical texts in history, Law Reports, Newspapers etc. will be examined. |
45 |
|
3.0 |
|
Required Pre-Requisite to 205 |
ECO 201 |
Introduction to Microeconomics: The Economic problem. The nature of economic science; methodology of economics. Elementary principles of microeconomics |
45 |
|
3.0 |
ECO 101 |
Compulsory Pre-Requisite to 301 |
ECO 202
|
Introduction to Macroeconomics Elementary principles of macroeconomics; Basic national income models. Basic treatments of different theories of consumption and investment. Basic Multiplier acceleration principle. Classical – Keynesian models of employment, output and prices in closed and open economies. Introduction to capital theories of economic growth; Structural Adjustment programmes |
45 |
|
3.0 |
ECO 102 |
Compulsory Pre-Requisite to 301 |
ECO 203 |
APPLIED ECONOMICS Application of Economic Principles to the developed and developing economies with special references to African economies |
45 |
|
3.0 |
ECO 103 |
Required Pre-Requisite to 303 |
ECO 204 |
INTRODUCTORY MATHEMATICS FOR ECONOMISTS II Introduction to Calculus; Function of One variable; Limits and continuity; Techniques of differentiation, logarithmic, trigonometric, exponential functions etc. Application of these methods to Economics. |
45 |
|
3.0 |
ECO 104 |
Compulsory Pre-Requisite to 341 |
ECO 205 |
Introduction to Logic in Economics A general introduction of Logic; Arguments, inductive and deductive. The notions of validity and soundness; logical constants. Logical and factual truths. Propositional calculus, techniques for evaluating arguments e.g. truth tables, formal proofs of validity: basic concepts of predicate logic. Syllogystic arguments |
45 |
|
3.0 |
ECO 105 |
Required
|
ECO 301 |
MICROECONOMICS I Scope and methods of microeconomics; Economics model building: Partial and general equilibrium approach; Theory of Consumer behaviour; Indifference Approach. Topics in Consumer Demand;\ Market demand; Theory of Costs, market structure and pricing. Pricing and control under perfect competition, monopoly, monopolistic competition and under oligopoly; Theory of distribution; Input pricing and Employment Under Imperfect competition; general Equilibrium of Exchange and Economic Welfare |
45 |
|
3.0 |
ECO 201 & 204 |
Compulsory Pre-Requisite to 401 |
ECO 302 |
MACROECONOMICS I Review of basic concepts such as functions, static and dynamic equilibriums, endogenous and exogenous variables and measurement of economic activity; Basic models of income determination. Extensions from simple closed economy to a four-sector economy. Consumption and Investment functions. Elementary knowledge of money and goods market. Derivation of IS-LM diagrams. Basic Balance of trade and balance of payments. |
45 |
|
3.0 |
ECO 202 & 204 |
Compulsory Pre-Requisite to 402 |
ECO 303 |
STRUCTURE OF THE NIGERIAN ECONOMY Growth of income employment and prices. The Conduct of regulatory agencies and their effects on different economic sectors Contribution of different economic sectors of the Nigerian economy to national output and relationship between these sectors. The peculiarity of the Agricultural and Oil and Gas sector to the Nigerian economy. Role of Financial sector, industrial sector, transport, international trade and politics to economic development of the country. Role of National Institutions |
45 |
|
3.0 |
ECO 203 |
Required |
ECO 304 |
STATISTICS FOR ECONOMISTS This course is divided into two parts. The first gives students the necessary background in probability theory and statistics. Topics include definitions and axioms of probability, moments, some univariate distributions, the multivariate normal distribution, sampling distributions, introduction to asymptotic theory, Hypothesis testing and confidence interval: Probability and distribution theory; statistical inference. The second part introduces the linear regression model and develops associated tools. Correlation analysis as well as principles and properties of the ordinary least squares estimator will be studied in detail. This includes methods of ordinary least squares, variance of the OLS estimators, Hypothesis testing, confidence intervals and t ratios. |
45 |
|
3.0 |
ECO 204 & FSS 204 |
Compulsory Pre-Requisite to 401 & 402 |
ECO 305 |
PROJECT ANALYSIS I Definition and Classification of projects and project evaluation. Project planning and project cycle. Calculation of total investment required for a project. Evaluation of projects. Appraisal of projects from private and social viewpoints including financial appraisal, economic appraisal and social appraisal. Rates of Return; Economic and Social Profitability of projects. Cash-flow analysis. Preparation of feasibility study documents. |
45 |
|
3.0 |
ECO 204 |
Required Pre-Requisite to 405 |
ECO 306 |
RESEARCH METHODOLOGY IN ECONOMICS Types of research: quantitative versus qualitative research; Moral and ethical issues in research Components of the research proposal: Introduction; Background and Statement of the research problem; Objectives, Motivation/rationale; Scope of the study; Review of relevant literature: theoretical, methodological, and empirical reviews; Scope of the study; Models and hypotheses /theoretical framework; Research methodology; Expected results; References and Appendices; Time allocation (Gantt chart) and Budgeting; Sources of Literature and search engines in economics: JSTOR, ECONLIT, Science direct etc.; Data Types and Data Management
|
45 |
|
3.0 |
ECO 201 & 202 |
Compulsory Pre-Requisite to 403 |
ECO 311 |
INTRODUCTION TO ACCOUNTING The outline, scope and purpose of accounting and basic financial statement, accounting concepts and conventions, double entry book-keeping and the ledger classifications, recording and summary of business transactions, the journal and columnar daybooks, the cashbook, bank transactions and bank reconciliation statement, the trial balance, suspense accounts and errors, self-balancing ledgers and control accounts, preparation and adjustment of final accounts, including trading, profit and loss accounts and balance sheets of sole traders, nature and causes of depreciation, methods of provision for depreciation and reserves, company accounts including issue and forfeiture of shares and final accounts, analysis and interpretation of financial statements including financial ratio analysis, cash flow statements, Single Entry bookkeeping and incomplete records, accounts of non-profit making organizations including receipts and payment, income and expenditure accounts, Manufacturing accounts, Introduction to social accounting. |
45 |
|
3.0 |
ECO 201 & 202 |
Required Pre-Requisite to 415 & 416 |
ECO 312 |
PRINCIPLES OF AUDITING More advanced treatment of the topics in ECO 311. Departmental and Branch accounting, partnership accounts, joint ventures and consignment accounts, hire purchase and instalmental payment accounts, treatment of tax in company accounts, group accounts including elements of consolidated final accounts, accounting for reorganization, reconstruction and combination of companies, contract accounts, design and use of accounting systems including mechanized and electronic data processing, current issues in financial accounting, limitations of accounting data, criticism of published accounting systems and the why of auditing. |
45 |
|
3.0 |
ECO 201 & 202 |
Elective Pre-Requisite to 415 & 416 |
ECO321 |
ECONOMIC DEVELOPMENT THEORY Basic concepts of Development and underdevelopment. Quantitative analysis of the growth of nations. Economics and non-economic factors in development experience. Survey of development theories from classical to modern times. Dualism. Unemployment and underemployment. Human resources. Capital formation, investment criteria. Technology, Trade and aid, institutions and development; value chain analysis; critical evaluation of conventional development thought |
45 |
|
3.0 |
ECO 201, 202 & 203 |
Required Pre-Requisite to 423 |
ECO 331 |
INTRODUCTION TO POLITICAL ECONOMY Introduction to the formal methods of political economy. Important applications such as social choice, interest groups and collective action, models of voting, elections and policy cycles, distributive politics, the political economy of economic reform, and economic and political integration. Distinguishing features of bourgeois method of analysis and the dialectical method. Historical materialism. Classification of social systems. Surplus value and Reproduction under capitalism and communism. Theory of imperialism and class struggle. Theory of bourgeois and socialist revolutions |
45 |
|
3.0 |
ECO 202 |
Elective Pre-Requisite to 432 |
ECO 341 |
MATHEMATICS FOR ECONOMICS Set theory and Trigonometry. Linear Algebra: Vectors, matrices; subspaces, ranks and determinants; eigenvalues, eigenvectors; symmetric matrices; quadratic forms. Calculus: Function of several variables. Geometric interpretation. Implicit functions. Partial differential and total differentiation. Static Optimisation: Constrained and unconstrained optimisation. Maxima and minima; Langrangian multipliers. Approximations Taylor’s theorem. Integration – definite and indefinite integrals. Introduction to differential and difference equations. Sequence and series. integral calculus; linear equations – Cramer’s rule. Application of these concepts and techniques economics |
45 |
|
3.0 |
ECO 204 |
Required Pre-Requisite to 401 & 402 |
ECO 342 |
INTRODUCTION TO OPERATION RESEARCH Linear programming – formulation of LP problems and solution using the graphical method only. Transportation problem. Assignment problems. Inventory models – deterministic only. Network analysis. Critical Path Method (CPM) and programme Evaluation and Review Technique (PERT) |
45 |
|
3.0 |
ECO 204 |
Elective Pre-Requisite to 442 |
ECO 351 |
INTRODUCTION TO INTERNATIONAL ECONOMICS Introduction to the theory of trade and international finance incorporating presentations of various theories of international trade. Foreign trade protection. Economic integration. Balance of payments. Foreign and capital inflows. The uses of international economics in explaining cotemporary international relations and diplomacy. |
45 |
|
3.0 |
ECO 202 |
Elective Pre-Requisite to 451 |
ECO 352 |
FUNDAMENTALS OF DEPOSIT INSURANCE Concept; financial safety net, Deposit Insurance system, mandate, powers and governance, membership and coverage, funding, bank failure/liquidation, financial stability institutions, cross border issues etc |
45 |
|
3.0 |
ECO 202 |
Elective Pre-Requisite to 462 |
ECO 361 |
MONETARY AND FINANCIAL INSTITUTIONS Money and is role in the economy. Growth of commercial bank in Nigeria and the development of financial institutions. Structure, performance and competition in the banking system. Other financial institutions, e.g. insurance companies. The West African Currency Board and the problems of domestic stabilization. Commercial banking and deposit. Central banking and the instrument of monetary policy. Money and capital markets and the effectiveness of intermediation and the effectiveness of monetary policy. International monetary systems, the IMF, and the World Bank, The African Development Bank (ADB)
|
45 |
|
3.0 |
ECO 201 & 202 |
Elective Pre-Requisite to 461 |
ECO 362 |
MONETARY POLICY The theory of demand for money. Classical to Keynesian and post Keynesian. Interest elasticity of the demand for money. Simple money supply theory. The determination of the general equilibrium level of money stock. Is the money supply endogenously determined. Theory of inflation; problems associated with inflation. Theories of interest. Current issues in monetary theory. |
45 |
|
3.0 |
ECO 202 |
Elective Pre-Requisite to 461 |
ECO 371 |
INTRODUCTION TO PUBLIC SECTOR ECONOMICS Definition – Subject matter and methodology of public finance. The concept of the Public sector. Government budgeting and Accounting Federal Finance, Taxation. Public debt, fiscal policy. (Pre-requisite |
45 |
|
3.0 |
ECO 202 |
Elective Pre-Requisite to 471 |
ECO 381 |
HISTORY OF ECONOMIC THOUGHT I The sociology of knowledge and economic thought – social environment and economic ideas. Comparative survey and the development of economic thought from the Bible to the mercantilism. Physiocrats thoughts and classical economics. The Marxian school
|
45 |
|
3.0 |
ECO 202 |
Required Pre-Requisite to 481 |
ECO 385 |
PRINCIPLES OF ISLAMIC ECONOMICS AND FINANCE Islamic Economic value system, Demand and supply, Prices profits, Wealth, Income, labour theory of value, economics of labour, capital accumulation, Economic/business cycle, Financial plan Financial assets, Prohibition of interest, Trade, Partnership, Macroeconomics, growth, taxation and government role, money and interest, foreign trade |
45 |
|
3.0 |
ECO 202 |
Elective Pre-Requisite to 485 |
ECO 391 |
ECONOMICS OF HUMAN RESOURCES Concepts Human and Physical resources in production. Human capital, returns to investment in human capital. Introductory resource management review and application of resources allocation theory to the problem of investment in human capital. Investment in human capital-choice between capital investment and in physical capital, the process of human capital accumulations, determinants of human capital accumulation. Investment in education-social and private costs and returns to education. Benefit-cost approach to investment decisions in education. Manpower planning and the relationship between Manpower planning and the unemployment of the educated rural-urban migration and urban employment as special problems in Nigeria. |
45 |
|
3.0 |
ECO 201 & 202 |
Elective Pre-Requisite to 491 |
ECO 393 |
INTRODUCTION TO INDUSTRIAL ECONOMICS Nature and scope of Industrial Economics. Motivation of the firm, Profit concept and measurement structure of business-enterprise. Major functions of management. Business decision and environmental factors. Major functional areas of business. Consumer motivation and behaviour. Marketing functions and institutions. Nature and market for consumer and capital goods. Selection and evaluation of distribution channels. Marketing Research and Demand Analysis. Economic Theory in relation to Management. |
45 |
|
3.0 |
ECO 201 |
Elective Pre-Requisite to 486 & 487 |
ECO 401 |
MICROECONOMICS II Statics, Comparative static and dynamics. Utility functions and indifference curves. Constrained utility maximization. Applications of consumer theory – rationing work and leisure etc. cost and production functions, optimisation in the theory of the firm. Duopoly, oligopoly and bilateral monopoly. Linear programming analysis of the firm. Introductory general equilibrium of theory of production – comparative cost, gains from exchange. Social and private cost/benefits. Theory of distribution wages, rent profit and interest. Social welfare function and Pareto optimum |
45 |
|
3.0 |
|
Compulsory |
ECO 402 |
MACROECONOMICS II Review of basic facts about macroeconomic issues and national income accounting. Short run: The goods Market including demand for Determination of Equilibrium output and Financial markets including determination of interest rate and equilibrium in the financial market. The IS-LM model and the effect of monetary and fiscal policy on output and interest rate. The Labour Market; wage determination, price determination and the natural rate of unemployment; The Aggregate Supply and Aggregate Demand Model. The natural rate of unemployment and the Phillips curve. Inflation Activity and Nominal money growth. Savings, Capital Accumulation and output; Technological progress and growth. The Open Economy: Openness in Goods and Financial Markets; Exchange Rate Regimes. The Importance of Policy in Macroeconomics: Monetary Policy, Fiscal Policy and Policy mix. (Pre-requisite: |
45 |
|
3.0 |
ECO 301 & 341 |
Compulsory |
ECO 403 |
ORIGINAL ESSAY An essay on one topics, selected from a list covering specialized areas of the economics discipline or dealing with significant current economic problems. |
45 |
|
3.0 |
ECO 301, 302 & 305 |
Compulsory |
ECO404 |
QUANTITATIVE ANALYSIS. This course is divided into mathematical economics and econometrics. Mathematical Economics: Review of Ordinary differential equations; systems of ordinary differential equations; difference equations; systems of differences equations. Comprehensive treatment of Dynamic Optimisation: Calculus of variation; optimal control theory. The Classical Linear Regression Model; hypothesis testing; violation of Gaussian and normality assumptions; functional form; additional estimators; Analysis of variance (ANOVA) and Analysis of Covariance (ANCOVA) Standard Assumption about the Error Term and Correlation of problems created by them. Systems of equations; limited dependent variables; time series econometrics |
45 |
|
3.0 |
ECO 305 |
Required |
ECO 405 |
PROJECT ANALYSIS II: Case Study: |
45 |
|
3.0 |
ECO 304 |
Compulsory |
ECO 406 |
HISTORY OF ECONOMIC THOUGHT II: Positive and welfare economics. Institutionalism and the Keynesian school. Contemporary development in economics and prospects for the future. African economic thought and the challenge of Third World development. |
45 |
|
3.0 |
ECO 381 |
Required |
ECO 415 |
CORPORATE FINANCE This course is aimed at building a deeper understanding of corporate financial decision making in the modern corporation. It examines the fundamental question in finance i.e., how do companies make profitable financial decisions using financial theories put forward by different scholars?. The course also deals with controversies regarding what businesses do in order to maximize firm value. The basic issues include: forms of business organization, the role, functions and organization of functional management, Corporate sources and uses of Funding, Long term credit granting institutions including Nigeria industrial development bank, Stock Exchange and the new issue market, securities and exchange commission, introduction to capital budgeting/ corporate investment, capital structure, the Cost of Capital, determinants and implications of dividend policy, working capital management, Corporate finance and Portfolio principles, Leasing, bankruptcy and financial distress, merger and acquisition, some current problems and issues
|
45 |
|
3.0 |
ECO311 & 312 |
Elective |
ECO 416 |
ACCOUNTING FOR ECONOMIC DECISION MAKING The course set out to establish the link between economics and accounting. The objective of this course is to introduce students to the basic concepts of managerial accounting, including cost accounting, financial planning, control and decision-making. The basic issues include: Nature, scope and function of management accounting, cost concept and analysis for managerial decisions, cost volume profit (CVP) analysis, elements of cost accounting for control in a divisionalised organization, managerial aspects of budgeting, the master budget and its problems, variance analysis and cost analysis for control and standard cost accounting, including performance appraisal and evaluation of cost control systems, capital asset selection and capital budgeting, responsibility accounting and transfer pricing in decentralized operations, the balanced scorecard. Some current problems and issues. |
45 |
|
3.0 |
ECO 311 & 312 |
Elective |
ECO 423 |
DEVELOPMENT ECONOMICS The nature, scope and goals of development; historical perspectives and theories of growth and development; development as freedom; fertility and population; labour market; migration; credit markets, risks and insurance; land markets; inter-linkage in rural markets; human and physical capital accumulation and capital flight; Poverty, corruption, distributive conflicts and development. International trade, external debt and development. Impact of globalization on development. |
45 |
|
3.0 |
ECO 321 |
Elective |
ECO 425 |
ENVIRONMENTAL AND RESOURCE ECONOMICS Environment and the economy; definition, concepts, overview of environment, environmental quality and sustainable development; Valuing the environment including fairness and time in environmental issues; Environmental policy and instrument and the design implementation and importance of environmental impact assessment; Property rights and the tragedy of the commons; strategies of sustainable development. Issues including environment and poverty; environment and trade; biodiversity, global warming ozone depletion and international environmental agreements. |
45 |
|
3.0 |
ECO 321 |
Elective |
ECO 432 |
THE POLITICAL ECONOMY OF INSTITUTIONS Concept and nature of Institutions; social, political and economic institutions.; government vs. nongovernmental institutions; formal vs. informal institutions, financial vs. non financial institutions etc.; Character and performance of institutions; Importance of civic community, cultural values, ethnic and political conflicts to institutional performance; Institution and Economic and political Reform process in developing Countries; The political Economy of Bretton Woods Institutions and Developing Countries; Politics of institutional behaviour including enforcement of property rights, incentive structure, rent seeking behaviour and corruption. |
45 |
|
3.0 |
ECO 331 |
Elective |
ECO 433 |
COMPARATIVE ECONOMIC SYSTEMS Classification of economic systems. Communalism, slavery, feudalism, capitalism, socialism, communism. Capitalism- values and goals – the market system- consumption and investment decisions. Prices and labour policies- public finance. Money and international trade. Britain, USA, Japan- values and goal. The planned economy and collective ownership. Socialist pricing and planning of consumption and investment. Labour policies and public finance. money, international trade. Economics and problems of socialism. USSR, China, Tanzania. Communism- transition from socialism to communism. The Third World System in Transition features of underdeveloped countries. Structural Adjustment Programmes deregulation vs. Regulation. The Economics of Newly Industrialized Countries Principles of Islamic Economics |
45 |
|
3.0 |
ECO 331 |
Elective |
ECO 442 |
OPERATIONS RESEARCH Linear programming: simplex method. Non linear programming. Game theory. Queuing models. Theory of Stochastic processes. Markov simulation |
45 |
|
3.0 |
ECO 342 |
Elective |
ECO 443 |
ECONOMETRICS Meaning and scope of econometrics. Regression model; simple; linear; and multiple regressions. Methods of estimation. Ordinary least squares, Indirect least squares, two stage least squares. Presentation and interpretation. Simultaneous equation systems.). Estimation problems. Choice of techniques. Equation of parameter estimates. Simulation. Forecasting and the test of forecasting ability. Aspects of variable relationships including time as regressors, transformation of variables, lagged dependent variables, stationary and non-stationary variables and dummy variables. Introduction to time series modelling; Multiple Equation models. |
45 |
|
3.0 |
ECO 304 & 341 |
Required |
ECO 451 |
THEORY INTERNATIONAL FINANCE Classical and Heckscher-Ohlin-Samuelson theorems of international trade, trade offer curves and terms of trade theories of tariffs, theories of economic integration, effect of growth on trade. Introduction to Trade Agreements, GATT, GATS and WTO |
45 |
|
3.0 |
ECO 351 |
Elective |
ECO 452 |
INTERNATIONAL FINANCE Balance of payments theories and policy, models of international monetary organization, foreign trade multiplier, exchange rate flexibility, monetary integration, internal and external balance, the foreign exchange market, role of the international reserves and reforms of international monetary system. |
45 |
|
3.0 |
ECO 351 |
Elective |
ECO 461 |
MONETARY THEORY AND POLICIES More on the theory of demand and the supply of money. Empirical results. Multiplier, high-powered money controllability of the money supply concept. Cambridge (Quantity) and Keynesian monetary theory and after. The recent developments in the Keynesian approach. The transmission mechanism of monetary and fiscal actions. Economic policy issues: the effectiveness of monetary policy. The real balance effect. Rules versus authorities in stabilization policy. Policy lags; Monetary instruments and goals. Concepts of trade off. Policy co-ordination. Growth as an objective of economic policy. Monetary and real sectors considered together. Economic policies in open economies. Capital mobility and stabilization policies. International adjustment and liquidity |
45 |
|
3.0 |
ECO 361 |
Elective |
ECO 462 |
PRACTICE OF DEPOSITI INSURANCE SYSTEM Establishment, Design and structure of the NDIC, its Legal framework, NDIC Coverage of DIS, Funding/Fund Management NDIC ad Bank Supervisor, Failure Resolution options of NDIC. NDIC Stakeholder Collaboration, compliance with IADI Core Principles Deposit Insurance practice in other jurisdictions |
45 |
|
3.0 |
ECO 352 |
Elective |
ECO 471 |
PUBLIC SECTOR ECONOMICS Theory of public sector. Pricing, investment and financing of public sector enterprises. The public sector and economic development |
45 |
|
3.0 |
ECO 371 |
Elective |
ECO 472 |
FISCAL POLICY The nature of fiscal policy; meaning, goals, measurement and assessment. The theories of fiscal policy, Techniques of fiscal policy; fiscal policy and economic development; Limitations of fiscal policy |
45 |
|
3.0 |
ECO 371 |
Elective |
ECO 483 |
DEVELOPMENTS IN THE GLOBAL ECONOMY Trends, Forces, Game Changes and Changers, Paths of the global economy, paths of different economies in the Americas, Europe, Asia and Africa; Nigeria. Specifically, Industrial revolution and Industrialization and economic growth in different parts of the world. Structural changes in the world economy. Overseas expansion and imperialism, Neocolonisation, The Great Depression and Great Moderation, Structural changes in Soviet Union |
45 |
|
3.0 |
ECO 302 & 321 |
Elective |
ECO 485 |
ISSUES IN ISLAMIC ECONOMICS AND FINANCE Issues of Interest, Zakat, Population, Finance Mudaraba, Muharasha, Economic Planning, poverty, household economics: family size and poverty, interest and Economic/business cycle, Financial plan and Financial assets, Insurance, Sukuk bonds, Partnership and profit sharing, Macroeconomics, growth, taxation and government role, money and interest, foreign trade, etc |
45 |
|
3.0 |
ECO 383 |
Elective |
ECO 486 |
INDUSTRIAL ECONOMICS Evolution of industrial organization theory. Role of industry. Concepts of market, competition and monopoly. Elements of market structure. Concentration. Scale Economies and capital requirements. Barriers to Entry. Oligopoly behaviour and Pricing Theory. Collusion and cartels. Product Differentiation and Advertising. Productivity and Efficiency. Dimensions of Industrial Performance |
45 |
|
3.0 |
ECO 381 |
Elective |
ECO 487 |
ISSUES IN INDUSTRIAL ECONOMICS Industry Structure in Africa. Global Trends in Industrial Structure. Industrial Development Strategy. Integration, diversification and merger. Innovation, Research and Development. Ownership Structure. Strategic Trade Policy. Analysis of Industrial Policy. Regulation. |
45 |
|
3.0 |
ECO 393 |
Elective |
ECO 491 |
LABOUR ECONOMICS Labour terms and Concepts; The Labour market. The determinants of Demand for labour and supply of labour. Wage theories and wage administration. Labour policy, Institutions and Legislation, Organization theories and structures. The scope of industrial relation system. Development of trade unionism. Collective bargaining and joint consultation legal aspects of industrial relations. Problems of trade, urban organization with particular reference to Nigeria. |
45 |
|
3.0 |
ECO 391 |
Elective |
ECO 492 |
ISSUES IN HUMAN CAPITAL DEVELOPMENT Microeconomic analysis of household behaviour in low-income societies emphasizing the economic determinants of Education, health and nutrition and the evaluation of policy. The relationship among health, nutrition, fertility, savings, schooling, labour productivity, wage determination, and gender-based inequality. Emphasizes theoretically based empirical research. Economic Analysis of Pension and Social Security |
45 |
|
3.0 |
ECO 391 |
Elective |
POSTGRADUATE COURSES
Course Code |
Course Title/Contents (Course description/synopsis |
A |
B |
C |
D |
E |
F |
ECO 701 |
PROJECT (M.Sc.) A supervised non-instructional course aimed at giving students the opportunity to produce research papers on subjects of their own
|
- |
- |
- |
- |
M.Sc. course work & Eco 702, 709 |
Compul- sory |
ECO 702 |
RESEARCH SEMINAR IIs to provide a forum for all graduate students to make seminar presentations on recent developments in the literature, preliminary reports on research proposal and report on going or completed graduate research.
|
- |
- |
- |
- |
- |
Compul- sory for all MBA M.Sc. M.Phil/ Ph.D. Students |
ECO 711 |
MICROECONOMICS I This course is intended as an introduction advanced micro-economic theory: the first part of the course, theory of consumer behaviour, will include the usual topics: Economics methodology and consumer theory under certainty: inter – temporal behaviour. The second part production economic theory of production under certainty and uncertainty etc.
|
- |
- |
- |
- |
- |
Compul- sory for all MBA M.Sc. M.Phil/ Ph.D. Students |
ECO 712 |
MACROECONOMIC THEORY IThis is an introductory course in advanced macro-economic theory covering such topics as methodology of macroeconomics statics comparative statics and dynamics
|
- |
- |
- |
- |
ECO 402 or instruc- tions consent |
Compul- sory |
ECO 713 |
INTRODUCTION TO ECONOMETRICSThe course will cover some of the basic analytical techniques. In Econometrics, emphasizing the General linear model estimation and evaluation techniques and the problems with them in application. The course will aim at the minimum exposure required for basic empirical research |
30 |
- |
3 |
- |
- |
Compul- sory |
ECO 714 |
MONETARY ECONOMICSSome general topics in advanced monetary economics are introduced, for example: Classical & Neo Classical theory; Demand for and supply of money, monetary policy. Monetarism and Keynesianism etc. |
30 |
- |
3 |
- |
ECO 702 or instruc- tor consent |
Elective |
ECO 715 |
DEVELOPMENT ECONOMICSProblem economic development: patterns of development and dualism; Investment allocation problem; Optimal Capital accumulation and development; International trade and the development process; Planning for economic development |
30 |
- |
3 |
- |
- |
Elective |
ECO 716 |
PUBLIC SECTOR ECONOMICSIntroduction to Public Sector. Economics covering welfare economics. Public goods theory, public investment decision (Cost/benefit analysis). Fiscal Policy and taxation. (Macro-economic analysis of fiscal policy, economic stabilization & Growth. Forms & Effects of taxation etc). |
30 |
- |
3 |
- |
ECO 711, 712 or equiva- lent |
Elective |
ECO 717 |
INTERNATIONAL ECONOMICS IIntroduction to the major developments in the field without delving into the empirical literature. The topics to be treated will include: introduction to the pure theory of international trade factor price equalization, trade and growth, commercial policy and economic integration. |
30 |
- |
3 |
- |
ECO 711, 712 or equiva- lent |
Elective |
ECO 718 |
ECONOMIC PLANNINGTopics to be covered will include the planning problem, types of economic planning, planning techniques (input- out, linear programming) Project evaluation, sectoral and multi-sectoral and multisectoral planning model. |
30 |
- |
3 |
- |
ECO 711, 712 or equiva- lent |
Elective |
ECO 719 |
MATHEMATICAL ECONOMICS ITopics will include static optimization theory in economics. classical calculus methods, Linear non-Linear programming Dynamic optimization theory. calculus of variations. Control theory, dynamic programming. Some applications. |
30 |
- |
3 |
- |
ECO 711, or instruc- tors consent |
Elective |
ECO 720 |
OPERATIONS RESEARCH ILinear programming. Basic properties of linear programmes; simplex algorithm, (standard and revision) Transportation problem large mathematical programmes. Decomposition integral programming. Other types of programming techniques such as convex and geometric programming and other topics as may be determined by the instructor. |
30 |
- |
3 |
- |
Instruc- tors consent |
Elective |
ECO721 |
ECONOMETRIC THEORY ITheory of Distribution, classical linear Regression model, Extensions of the General linear model, advance topics including distributed lags, and multiple choice models. |
30 |
- |
3 |
- |
Instruc- tors consent |
Elective |
ECO722
|
ACCOUNTING & FINANCESelected topics in Accounting and finance to be determined by instructor. |
30 |
- |
3 |
- |
Instruc- tors consent |
Elective |
ECO 723 |
PETROLEUM & ENERGY ECONOMICSTheoretical issues in the economics of world energy demand and supply; petroleum in the international energy economy; economics of crude oil production, cost, refining, transportation. The political economy of oil. OPEC and the world; oil Industry and OPEC; Petroleum & Energy in the Nigerian economy. |
30 |
- |
3 |
- |
- |
Elective |
ECO 724 |
HEALTH ECONOMICSIntroduction -scope and significance of Health economics, health and Economic Development-interaction between health and economic development: health indices; demographic and epidemiological transitions; microeconomic applications in health-demand for health services –medical markets; determinants of demand for health services, production of health -cost of health services. Economic Evaluation of health care programmes -cost-analysis; cost-benefit analysis; cost-effectiveness analysis; cost-utility analysis 30 and Economic Development-interaction between health and economic development: health indices; demographic and epidemiological transitions; microeconomic applications in health-demand for health services -medical markets; determinants of demand for health services, production of health-cost of health services. Economic Evaluation of health care programmes-cost-analysis; cost -benefit analysis; cost-effectiveness |
30 |
- |
3 |
- |
- |
Elective |
ECO751 |
MICRO-ECONOMIC THEORY IIWelfare Economics, General Equilibrium models; other advanced topics |
30 |
- |
3 |
- |
Eco 711 |
Compul- sory |
ECO752
|
MACRO-ECONOMIC THEORY IIGrowth theory, macro-dynamic, disequilibrium models, business cycles and stabilization theory other advanced topics |
30 |
- |
3 |
- |
Eco 712 |
Compul- sory |
ECO 753 |
ECONOMETRIC THEORY IIMulti-Equation models, simultaneous, equation estimation, simulation models, Dynamics behaviour of simulation model; Time series models
|
30 |
- |
3 |
- |
Eco 721 |
Elective |
ECO 757 |
INTERNATIONAL ECONOMICS IIInternational finance, balance of payments theory, international monetary system and institutions the new world economic order and related topics
|
30 |
- |
3 |
- |
Eco 711 |
Elective |
ECO 759 |
MATHEMATICAL ECONOMICS IITheory of Competitive markets, Existence & Stability Analysis, optimal growth models Game theory, Differential Games. Other advanced topics
|
30 |
- |
3 |
- |
Eco 719 or Elective Instruc- tors consent |
Elective |
ECO 760 |
OPERATIONS RESEARCH IINon-linear and Dynamic programming techniques, various algorithms, selected current topics in Mathematical programming and additional topic as to be determined by instructor |
30 |
- |
3 |
- |
Eco 720 or Instruc- tors consent |
Elective |
ECO 799 |
RESEARCH SEMINAR IISecond semester continuation of Eco 702 |
30 |
- |
3 |
- |
Instruc- tor |
Compul- sory for all M.Sc./ M.Phil/ Ph.D. Students |
ECO 800 |
READING COURSES AND SEMINARCourses can be arranged for the treatment of advance topics in any of the fields, or other popular demand depending on the availability of staff. |
30 |
- |
3 |
- |
- |
Compul- sory for All M.Sc. |