euicourses undergraduate_courses
economics

Department of Economics

DEPARTMENT OF ECONOMICS

 

PROGRAMME: ECONOMICS DEGREE

PROGRAMME TITLE: BACHELOR OF SCIENCE (B.Sc. HONS) ECONOMICS

 

1.0 GENERAL INFORMATION 

1.1 MISSION OF THE UNIVERSITY

 

Through its teaching, research and innovative activities, the Edo University, Iyamho (EUI), is poised to be a major contributor to the advancement of knowledge, wisdom and understanding for the benefit of the university in encouraging and promoting scholarship and will relate its activities to the social, cultural and economic needs of the people of Edo State in particular and Nigeria in general.

 

1.2 PHILOSOPHY AND OBJECTIVES OF THE DEPARTMENT

 

PHILOSOPHY        

In line with international standards, the philosophy of the Department of Economics is to produce graduate with theoretical and practical competencies to be problem solvers in the challenges confronting Nigeria, the underdeveloped and global levels.  The graduates are also equipped to work in organizations within and outside Nigeria and also be equipped sufficiently to be knowledge producers in economics in the dynamic world.

 

OBJECTIVES

The main objectives are to:

  1. Develop and improve student’s understanding of economic problems at various stages of development and the Nigerian economy in particular.
  2. Develop the student to understand, analyze and synthesize data on socio-economic problems, using economic methods and techniques to solve economic problems and contribute to national development.
  • Provide students with analytical skills and the ability to develop simplified frameworksfor studying the real world.
  1. Integrate the best practices in the modern world, for example, Information Technology, into the teaching and practice of economics.
  2. Provide appropriate foundation of knowledge in economics and related disciplines that will equip them for practical application and academic excellence.
  3. Equip students with appropriate tools of analysis to tackle issues and problems of economic policy.
  • Develop in  students,  through  the  study  of  economics,  a  range of  transferable  skills  that  will  be  of  value  in  employment and self-employment.

Encourage the student to acquire a firm and sound foundation for effective participation in society of man in general and Nigeria in particular.

 

 

1.3 ADMISSION REQUIREMENTS:

  1. UTME: Candidates for admission into four-year B.Sc.programme in Economics should possess:
  2. S.C.E, G.C.E, N.E.C.O, or its equivalent with credit passes in at least five subjects, which should include English Language, Mathematic and Economics (obtained in not more than two sittings). There are no waivers for credit passes in English Language and Mathematics
  3. The required Unified Tertiary Matriculation Examination (UTME) subjects are:

English language, Mathematics, Economics Plus any other relevant/related subjects.

  • Any other requirement the university may deem fit.

 

  1. DIRECT ENTRY (THREE-YEAR B.Sc PROGRAMME IN ECONOMICS):

The admission requirements are as in A (1) above, plus:

  1. Two or more subjects in the General Certificate of Education (G.C.E) at the Advanced level or Higher school certificate (H.S.C). One of the subjects must be Economics.
  2. National Certificate of Education (N.C.E) with at least merit in relevant subjects
  • National Diploma (ND) from any recognized polytechnic or colleges of technology with a grade not lower than upper credit or any equivalent diploma from a recognized university.

 

1.4 REGISTRATION FOR COURSES

  1. Students register for required courses are part of their degree programmes. Students attending lectures in courses that they are not registered for shall do so only at the express permission of the lecturer in charge of the courses.  However, such students shall not earn any credit from such courses.
  2. Registration for courses is guided by Course Advisers and students are expected to register within a stipulated time.
  • Any student who fails to register within the specified time shall not be allowed to register in that session any longer, and shall forfeit the examinations in any semester of that session, except with the approval of Senate. Such a student shall be deemed to have voluntarily withdrawn from the University and may only be readmitted in any subsequent session with the approval of Senate.
  1. Under no circumstance shall the Department allow a new student to register after matriculation.

COURSE ADVISERS

There shall be appointed Course Adviser(s) who will be responsible to the Head of Department. The Course Adviser shall offer guidance and counseling services to students in their academic, social, personal and vocational life. He/she shall be responsible for the course registration of students, recording and returns of student’s sectional results and other duties as approved by the HOD.

 

1.5 ASSESSMENT OF STUDENTS

  • Tutorials: There should be one hour of tutorial for every four hours of lecture. Thus a course of one credit unit should comprise 12 hours of lectures and three hours of tutorials.
  • Continuous Assessments: Continuous assessment shall be done through essays, tests, and practical exercises.

(i)        Scores from continuous assessment shall normally constitute 30 % of the final marks for courses which are primarily theoretical.

(ii)       For courses which are partly practical and partly theoretical, scores from continuous assessment shall constitute 50% of the final marks. The maximum number of credit load a 100 – 300 level students can register is 48 units while the minimum is 34 units. The maximum number of credit load a final year student can register is 51.

 

  • Semester Examinations: Each course shall normally be completed at the end of the semester and the students examined in a final semester examinations. The final grade shall be as follows:

Final Examination                                                                                          – 70%

Continuous assessment (Quizzes, Tutorials, Homework and Classroom Tests)– 30%

 

PROVISIONS

  • Students shall take examinations in all courses for which they are registered
  • Marks scored for any courses not originally registered for will be disregarded.

 

EXAMINATION GRADING SYSTEMS

Marks and points shall be awarded in line with the structure below:

 

Table A: Grading of Marks

S/N

MARKS

LETTER GRADES

GRADE POINTS

1.

70- 100

A

5

2.

60 – 69

B

4

3.

50 – 59

C

3

4.

45 – 49

D

2

6.

0 – 44

F

0

COURSE CREDIT SYSTEM

All programmes in the Department are run on a modularized system, also known as Course Unit System. All courses are therefore sub-divided into more or less self-sufficient and logically consistent packages that are taught within a semester and students shall be examined on the course at the end of that particular semester.  Credit weights should be attached to each course.  One credit is equivalent to one hour per week per semester of 15 weeks of lectures or 2 hours of tutorials or 3 hours per week of laboratory/studio work per semester of 15 weeks.

 

GRADE POINT AVERAGE AND CUMULATIVE GRADE POINT AVERAGE

Grading of courses shall be done by a combination of percentage marks and letter grades translated into a graduated system of Grade Point Equivalents (GPE).  For the purpose of determining a student’s standing at the end of every semester, the Grade Point Average (GPA) system shall be used.  The GPA is computed by dividing the total number of credit points (TCP) by the total number of units (TNU) for all the courses taken in the semester. The credit point for a course is computed by multiplying the number of units for the course by the Grade Point Equivalent of the marks scored in the course.  Each course shall be graded out of maximum of 100 marks and assigned appropriate GPE as in Table B.

 

 

  Table B: Grade Point Equivalent

Credit Units

(i)

Percentage Scores

(ii)

Letter Grades

(iii)

Grade Points (GP)

(iv)

Grade Point Average (GPA)

(v)

Cumulative Grade Point Average (CGPA)

(vi)

Class of Degree

(vii)

Vary according to contact hours assigned to each course per week per semester, and according to load carried by students

 

70 – 100

 

 

 

60 – 69

 

 

 

50 – 59

 

 

 

45 – 49

 

 

0 – 44

 

A

 

 

 

B

 

 

 

C

 

 

 

D

 

 

F

 

5

 

 

 

4

 

 

 

3

 

 

 

2

 

 

0

 

 

Derived by multiplying (i) and (iv) and dividing by Total Credit Units

 

 

4.50 – 5.00

 

 

 

3.50 – 4.49

 

 

 

2.40 – 3.49

 

 

 

1.50 – 2.39

 

 

 

First Class

 

 

2nd Class Upper

 

 

2nd Class Lower

 

 

3rd Class

 

 

WEIGHTING SYSTEM:

The Cumulative Grade Point (CGP) of a student can be determined by the addition of the grade point at each level taking into consideration the weighting percentage. To calculate the final class of degree for students, the following weighting system shall apply:

 

                        Table C: Weighting System

S/N

LEVEL

4 YEARS

3 YEARS DIRECT ENTRY

1.

100

10%

-

2.

200

20%

30%

3.

300

30%

30%

4.

400

40%

40%

 

 

CLASSIFICATION OF DEGREE

The determination of the class of degree shall be based on the Cumulative Grade Point Average (GPA) earned at the end of the programme.  The GPA is computed by dividing the total number of credit points (TCP) by the total number of units (TNU) for all the courses taken in the semester.  The CGPA shall be used in the determination of the class of degree as summarized in Table D.

Table D: Degree Classification

 

S/N

CUMULATIVE GRADE POINT

CLASS OF DEGREE

1.

4.5  -  5.00

1st Class

2.

3.5  -  4.49

2nd Class Upper

3.

2.4  -  3.49

2nd Class Lower

4.

1.5  -   2.39

3rd Class

 

The maximum length of time allowed to obtain a degree in the Department shall be twelve semesters for the 4-year degree programme and ten semesters for students admitted directly into 200 level. For extension beyond the maximum period, a special permission of Senate shall be required on the recommendation of the Departmental Board.

 

MINIMUM CREDITS REGUIRED FORPROMOTION/PROBATION/WITHDRAWAL

 

  • PROMOTION

To be promoted to the next level a student must pass at least 20 credit units of the TOTAL credits/loads for that session.

 

  • PROBATION

Students who could only accumulate 10- 19 credit loads at the end of the session can go on probation/repeat the same level or better still, such student can seek inter-Faculty transfer or remain in the faculty

 

  • WITHDRAWAL

Any student who fails to pass up to 0-10credit loads shall be advised to withdraw from the faculty. Any student who has previously probated and still fails to accumulate at least 20 credit load at the end of the session shall be advised to withdraw from the University.

 

SUMMARY

 

  • Promotion ? 20 credits and above (50% of 40)
  • Probation ? 19 to 10 credits
  • Withdrawal ? below 10 credits (50% of 19)

 

 

MODERATION AND EXTERNAL EXAMINERS    

All question papers for 100 – 300 levels shall be moderated internally by the Head of Department (HOD).

 

In addition, external examiner shall vet the questions and the marking of scripts for all final year examinations.

 

  • Departmental Board of Examiners

      The Head of Department shall be the Chief Examiner for his/her department.  There shall also be appointed an Examination Officer who will be responsible to the Head of Department.  The examination officer will be in charge of the conduct of examinations, recording of scores and return of results.  The Board of Examiners in the Department consists of the academic staff.

 

 

  • Examinations Committee and Board of Examiners

      There shall be a Departmental Examinations Committee, consisting of all Examinations Officers.  The function of the Departmental Examinations committee is to plan for examinations and prepare results for the Departmental Board of Examiners. The Departmental Board of Studies/Examiners shall meet at the end of each semester to consider the results of the examinations held in that session.

 

 

1.6 CODE OF CONDUCT FOR STUDENTS

 

  • Students Rules and Regulations
  1. Students should be seated in the classroom at the exact time of the lecture. Any student who comes late to class for 3 times would not be allowed to further attend such a class except he/ she writes to the HOD and secures approval.
  2. All students should obey and carry out lawful and ethical instructions handed down by Department and University management
  • Apart from the University’s requirement of 75% attendance before writing an examination, any student of the faculty who is absent from classroom for three lectures (without proper official permission communicated to the lecturer) should not be allowed to further attend such class except such a student writes to the HOD and secures approval.
  1. No student should commit acts of insubordination. This includes disrespect to a lecturer within or outside the classroom, in terms of utterances or non-compliance with instructions. No student should instigate other students against any lecturer or engage in any other act as could be considered rude by the Departmental Disciplinary Committee.
  2. Students should not be involved in any form of examination misconduct including impersonation or aiding or abetting others in doing so. (Issues relating to examination misconduct and corresponding penalties shall be handled in line with the University guideline as contained in the Student Information Handbook)
  3. No student should disturb or constitute nuisance or cause commotion or instigate others to do so within the University environment.
  • Assault on lecturers or on fellow students is forbidden.
  • Use of cell phones/mobile phones by students during lectures is prohibited. Phones are expected to be switched off before entering the classroom.
  1. Students should not eat during classes.
  2. Students should not steal or damage items or property of other student(s) or lecturer or the University.
  3. Students should not litter the University environment.
  • No student should loiter around the classroom during lectures or cause distraction or be seen to have caused distraction either by speaking, gesticulating or taking items through the window or door.
  • No student should walk into a classroom during lectures without the permission of the lecturer.
  • No student should walk out of or around the classroom during lectures without the permission of the lecturer.
  1. Possession and use of hard drugs such as Indian hemp, cocaine, heroin, cannabis, codeine, etc., are highly prohibited in the University. Any form of smoking is also prohibited.
  • All students are expected to dress decently within the university. Any student whose dress is considered indecent and offensive should be reported to the Departmental Disciplinary Committee (DDC)
  • Sexual harassment is prohibited.

 

  • Report Channels

Anyone, lecturer or student, can report violator of any of the above rules with enough evidence/witnesses by writing to the Departmental Disciplinary Committee through the office of the HOD.

 

  • Determinants of Applicable Sanctions/Penalty

In deciding a case, the FDC shall consider the following:

  1. Nature of the offence
  2. Gravity of the offence
  • The penalty prescribed for the offence
  1. Frequency of the offence in the University
  2. Character of the offender (whether he/she has committed a similar offence before)
  3. Position of the offender among his/her co-offenders.

 

  • Procedures for Dispensing Disciplinary Cases

A student who violates any of the rule or regulation and is reported shall be summoned by the DDC and shall undergo the following procedure:

  1. Complete an offence form.
  2. If a plea of guilt is entered, the case shall be forwarded for consideration by the DDC.
  • If a plea of innocence is entered by a student, he/she shall be subjected to further interrogation/cross examination and investigation including calling for witnesses.

 

  • Applicable Sanctions/Penalty

Letter to the HOD/Dean: Students that are expected to obtain letters from their HOD/ Dean for offences 1 and 3 are expected to do so within a period of 48 hours after committing the offence. When this is not done, the case shall be referred to the DDC.

 

  • Confiscation of Items

Unauthorised items shall be confiscated from the erring student(s) and submitted to the DDC.

 

  • Other Penalties for Violation of Rules and Regulations

The following are some of the penalties that may be imposed for violation of rules and regulations. The DDC will in selected cases transfer and recommend to the University Disciplinary Committee that offenders be punished as follows:

(i) Issuance of Letter of Warning

This is issued to offenders by the Student Affairs Department with the knowledge of parents/ guardians. It must be collected promptly or further stringent actions shall be imposed.

(ii) Issuance of Letter of Caution

(iii) Fines

(v) Reimbursement:

(vii) Disciplinary Probation

(viii) Definite Suspension

(x) Indefinite Suspension

(xi) Advised-to-Withdraw

(xii) Expulsion         

 

  • Discipline During Examinations
  1. Only duly Matriculated/Registered students are eligible to take examinations.
  2. Students must be punctual and they must be in the Examination Hall at least 30 minutes before the time the examination is due to start.
  • A student is required to deposit his/her Hand bag, briefcase, or any other prohibited material at the chief invigilator’s Desk or a desk provided for that purpose before the start of the examination.
  1. Students shall bring with them to the Examinations only their writing materials. Absolutely no book, printed or written document or other communication gadgets or unauthorized aid shall be taken into an Examination Room by any candidate.
  2. A student shall bring his/her identity card to each examination and display it in a prominent position on his/ her desk.
  3. A student shall write his/ her Examination Number, not his/ her name distinctly at the top of the cover of every Answer Book and every separate sheet of paper.
  • Each student shall complete the Attendance Register in triplicate.
  • During the examination, a student may leave the room temporarily, with the permission of the invigilator only if accompanied by an Attendant. A candidate who leaves the examination hall shall not be readmitted unless he/she had been under the supervision of an invigilator or an examination attendant throughout the period of his/her absence.
  1. A student shall not leave the examination Hall until the first 30 minutes had elapsed and must be with the special permission of the chief Invigilator. Such Student must drop his/her Question paper and Answer Booklet before leaving.
  2. A student must not give assistance to any other student or permit any other Student to copy from or use his papers. Similarly, a Candidate must not directly or indirectly accept assistance from any other candidate or use any other candidate’s papers.
  3. Any student involved in irregular assistance or cheating during examination shall write a statement on the spot before being allowed to continue with the examination. Refusal of a student to write a statement on the spot shall be regarded as examination misconduct and will be subjected to the university disciplinary action.
  • Silence shall be observed in the examination Hall. The only permissible way to attracting the attention of an invigilator is by a student raising his/ her hand.

(i)    Examination Irregularity, Misconduct and Malpractice     

Any of the following shall, prima facie, constitute examination irregularity, misconduct or malpractice in the Department.

 

Irregularity

Irregularity shall be deemed to have occurred if the candidate sits for an examination for which he/she is not eligible, as may occur when the candidate:

  • Does not register for the approved course
  • Does not satisfy the attendance requirement of at least 75%
  • Has not complied with any other requirement(s) prescribed by the Senate, Faculty or Department.

Sanctions

Candidates whose positions are irregular as identified under this heading shall not be allowed to sit for the examination. Where the irregularity is discovered after the candidate might have sat for the examination, such paper(s) done under irregular conditions shall be nullified. 

 

Misconduct

Misconduct shall be deemed to have occurred under the following instances:

  • Failure to observe silence. The only permissible way for attracting the attention of the invigilator is by the candidate raising his hand.
  • Act(s) of insubordination or insolence to the invigilator(s).
  • Fighting in the examination hall.
  • Act(s) of commission or omission that may negatively affect the smooth conduct of the examination.

Note: Gross misconduct shall be deemed to have occurred where there is evidence of a student’s membership to any secret cult of fraternal organization.

Malpractice

Examination malpractice shall be deemed to have occurred under the following:

  • Any act of omission which contravenes any of the provisions of section 3(2) of the Miscellaneous Offences Decree of 1984.
  • Any unlawful attempt, acts, omissions, successful or unsuccessful, directed at obtaining pre-knowledge of examination question(s) or influencing the marking of scripts or award of marks by the University or External Examiner.
  • Any attempts, successful or unsuccessful, to impersonate a candidate in any university examination.

The following shall constitute impersonation:

  • Writing examination for a candidate
  • The exchange of examination number or names or answer scripts/sheets
  • The intentional use of someone else’s examination number.
  • Introduction of relevant foreign material(s) and cheat notes into the examination hall, whether used (copied from, consulted) or not. Relevant materials shall be taken to refer to any material that is considered to be relevant to the subject matter or course being examined irrespective of whether it is relevant to the specific examination question of the subject matter/course or not.
  • Exchange of relevant materials in the examination hall while examination is in progress. These materials may involve any of the following:
    • Question paper containing relevant jottings and materials
    • Collaborated copying
    • Exchange of answer scripts
  • Any unlawful attempt, whether successful or unsuccessful, to:
    • Remove submitted examination answer script(s) or material(s).
    • Alter, add or delete any written material in the submitted answer script(s) or material(s) after the examination.
    • Replace submitted examination script(s) with extraneous one after the examination, either in part or in whole.
  • Speaking/conversation during the examination in spite of a warning.
  • Use and/or possession of unapproved electronic gadgets, such as mobile phones, during the examination in spite of a warning.

 

  • General Examination Misconduct and Penalties

The following sanctions shall apply to cases of examination misconduct as stipulated below:

 

 

S/N

MISCONDUCT

SANCTION

1.

Proven cases of fore- knowledge of Examination Questions (Leakage)

Expulsion of all involved

2.

Coming into examination Hall with extraneous materials

Rustication for a minimum period of 4 Semesters, or expulsion if fore-knowledge of questions is proven

3.

Writing on any materials, other than the Answer Booklet in the examination Hall.

Letter of warning

4.

Non production of identity card or authorized letter of identification before and during examination

to leave the Examination Hall Immediately

5.

Any form of unauthorized communication between and among students during examination

To lose 10 minutes examination time; if it persists relocate the student; further persistence cancel the paper.

6.

Impersonation at examination

Expulsion of all involved

7.

Refusal to fill Examination Misconduct form

Expulsion of all involved

8.

Attempt to destroy or actually destroying materials of proof of cheating

Rustication for two (2) Semesters plus penalty for the original offence.

9.

Refusal to obey invigilator’s instructions

(i)               Writing after the examination has been stopped

(ii)             Non – compliance with the invigilator’s sitting arrangements.

Such as:

(i)               Letter of warning.

(ii)             To leave the Hall and carry over the course.

10

Refusal to submit Answer scripts(used) and (unused) at close of examination

Rustication for a minimum period of two (2) Semesters

11.

Smuggling of Questions papers and Answers Booklets out of the Hall for help with Answer scripts

Expulsion

12.

Failure to write Matriculation Numbers on Answer Booklet or to sign Attendance Sheet

Letter of warning

13.

Writing of candidate’s names on Answer Booklets

Letter of warning

14.

Leaving examination Hall without permission

To carry over the course and letter of warning

15

Failure to draw a line through each blank space at the end of each answer

Letter of warning

16

Unruly behaviour in the examination Hall such as smoking, drinking, liquor, noise etc.

Verbal warning by invigilator. If unruly behaviour persist, to leave the Hall and carry over the course.

17.

Proven cases of physical assaults on invigilator/Attendants

Expulsion

18.

Failure to appear before Misconduct panel

Guilty as charged. Indefinite suspension pending appearance before the panel

19

Any students with three (3) letters of warning

Rustication for a minimum period of one (1) session.

 

1.7 RESULTS

  • Provisional results shall be published by Departments after approval by the Faculty Board of Examiners and the University Senate. These provisional results shall be in letter grades.
  • At the end of every academic year, the Registrar shall issue to each student an authenticated result slip for that session.

 
 

1.8 TRANSCRIPTS

A transcript shall be issued on behalf of the students on demand, and upon payment of the appropriate fees.  The transcript shall include the name of the student, date of birth, year of admission to the degree programme, all courses taken and Grades obtained, the degree awarded and the signature of the appropriate university officer(s). 

 

TITLE OF DEGREE

The Bachelor of Science (B.Sc) degree would be awarded in this Department

 

1.9 GRADUATION REQUIREMENTS:

A minimum of (149) credits in the four-year degree programme and (116) credits in the three-year programme is required for graduation.

 

2.0 SUMMARY OF COURSES

 

Keys to Codes Used

S= STATUS, L= LECTURE TIME, P= PRACTICAL, T= TOTAL

 

100LEVEL

FIRST SEMESTER COURSES

 

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ECO111

Principles of Microeconomics

3

C

3

0

3

ECO112

Quantitative Techniques I

2

C

2

0

2

ECO113

Introduction to Statistics I

2

C

2

0

2

ACC111

Introduction to Accounting I

3

C

3

0

3

BUS111

Introduction to Business I

3

C

3

0

3

POL111

Introduction to Political Science I

2

E

2

0

2

GST111

Communication in English I

2

C

2

0

2

GST112

Logic, Philosophy and Human Existence

2

C

2

0

2

GST113

Nigerian Peoples and Culture

2

C

2

0

2

SOC 111

Introduction to Sociology

3

E

3

0

3

Total Credits

24

 

24

0

24

SECOND SEMESTER COURSES

 

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ECO121

Principles of Macroeconomics

3

C

3

0

3

ECO122

Quantitative Techniques II

2

C

2

0

2

ECO123

Introduction to Statistics II

2

C

2

0

2

ACC121

Introduction to Accounting II

3

C

3

0

3

BUS121

Introduction to Business II

3

C

3

0

3

POL121

Introduction to Political Science II

2

E

2

0

2

GST121

Communication in English II

2

C

2

0

2

GST122

History and Philosophy Science

2

C

2

0

2

GST123

Use of Library and Information Technology (ICT)

2

C

2

0

2

SOC 121

Introduction to Psychology

3

E

3

0

3

Total Credits

24

 

24

0

24
               

 

 


 

200 LEVEL

FIRST SEMESTER COURSES

 

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

 

ENT 211

Introduction to Entrepreneurial Studies I

1

C

1

0

1

 

ECO211

Introduction to Microeconomic 1

2

C

2

0

2

 

ECO 212

Introduction to Macroeconomic 1

2

 

2

0

2

 

ECO214

Mathematics for Economics I

2

C

2

0

2

ECO213

Descriptive Statistics

2

C

2

0

2

ECO215

History and Structure of the  Nigerian Economy I

2

R

2

0

2

ACC211

Financial Accounting I

3

C

3

0

3

BUS221

Principles of Management 1

2

      E

2

0

2

 

One elective from the following

 

 

 

 

POL211

Nigerian Government & Politics

3

E

3

0

3

ECO 216

Labour Economics

2

E

2

0

2

Total Credits

18/19

 

 

 

 
                 

 


 

SECOND SEMESTER COURSES

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ENT 221

Introduction to Entrepreneurial Studies I1

1

C

1

0

1

GST221

Peace Studies and Conflict Resolution

2

C

2

0

2

ECO221

Introduction to Microeconomic 1

2

C

2

0

2

ECO222

Introduction to Macroeconomic 1

2

C

2

0

2

ECO223

Inferential Statistics

2

C

2

0

2

ECO224

Mathematics for Economics II

2

C

2

0

2

ECO225

History &Structure of the Nigerian Economy 11

2

C

2

0

2

ECO226

Principles of Finance

2

C

2

0

2

ACC221

Financial Accounting II

3

C

3

0

3

BUS221

Principles of Management 11

2

C

2

0

2

Sub-Total

 

20

 

 

 

 

 

Plus one elective

 

 

 

 

 

ECO227

Urban and Regional Economics

2

 

 

 

 

Total Credits

 

22

 

 

 

 

Note: All direct entry students must take all the 100 level GST courses.

 

 

300 LEVEL FIRST SEMESTER

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ENT 311

Entrepreneurial Skills I

2

C

2

0

2

ECO311

Intermediate Microeconomics I

2

C

2

0

2

ECO312

Intermediate Macroeconomics 1

2

C

2

0

2

ECO313

Public Finance

2

C

2

0

2

ECO314

Applied Statistics

3

C

3

0

3

ECO315

Development Economics

2

C

2

0

2

ECO316

International Economics I

2

R

2

0

2

ECO317

History of Economic Thought I

2

C

2

0

2

ECO 318

Computer Application for Economist

2

C

2

0

2

 

Sub- Total

19

 

17

0

17

 

Choose Two Electives from:

 

 

 

 

 

ECO 310

Managerial Economics

2

E

2

0

2

ECO 319

Mathematical Economics

2

E

2

0

2

331

Political Economy   

2

E

2

0

2

ECO332

Monetary Economics I&II

2

E

2

0

2

Total Credits

23

 

21

 

21


 

300 LEVEL SECOND SEMESTER

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ENT 321

Entrepreneurial Skills II

2

C

2

0

2

ECO321

Intermediate Microeconomics II

2

C

2

0

2

ECO322

Intermediate Macroeconomics 1I

2

C

2

0

2

ECO323

Introductory Econometrics

2

C

2

0

2

ECO324

International Economics II

2

C

2

0

2

ECO325

History of Economic Thought II

2

C

2

0

2

ECO326

Research Methods

3

C

3

0

3

 

SUB-TOTAL

15

 

 

 

 

 

TWO ELECTIVES FROM:

 

 

 

 

 

ECO327

Operations Research

2

E

2

0

2

ECO 328

Financial Institutions             

2

E

2

0

2

 

TOTAL

19

 

 

 

 

 

 


 

400 LEVEL FIRST SEMESTER

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ENT 411

Entrepreneurship Development I

1

C

2

0

2

ECO411

Advanced Microeconomics I

2

C

2

0

2

ECO412

Advanced Macroeconomics I

2

C

2

0

2

ECO413

Applied Statistics II

2

C

2

0

2

ECO414

Project Evaluation and Analysis

3

C

2

0

2

ECO 415

Issues in Development: Problems and Policies of Dev.

2

C

2

0

2

ECO 416

Comparative Economic System

2

R

2

0

2

 

SUB TOTAL

14

 

 

 

 

 

ONE ELECTIVE FROM:

 

 

 

 

2

ECO417

Petroleum Economics

2

E

2

0

2

ECO418

Industrial Economics

2

E

2

0

2

TOTAL CREDIT

 

16

 

 

 

 

 


 

LEVEL 400   SECOND SEMESTER

COURSE CODE 

   COURSE TITLE   

CREDIT UNITS

S

L

P

T

ENT 421

Entrepreneurship Development II

1

C

1

0

1

ECO421

Advanced M1croeconomics

2

C

2

0

2

ECO422

Advanced Macroeconomics

2

C

2

0

2

ECO423

Applied Econometrics           

2

C

2

0

2

ECO424

Economics of Production

2

C

2

0

2

ECO425

Economic Planning

2

C

2

0

2

ECO 426

Taxation and Fiscal Policy

2

C

2

0

2

ECO 427

Public Sector Economics

2

R

2

0

2

ECO430

Research Project

6

C

2

0

2

 

SUB-TOTAL

19

 

 

 

 

 

ONE ELECTIVE FROM

 

 

 

 

 

ECO 428

Applied Monetary Economics

2

E

2

0

2

 

 

 

 

 

 

 

Total Credits

21

 

 

 

 

 

COURSE DESCRIPTION

100 LEVEL FIRST SEMESTER

ECO 111: PRINCIPLES OF MICROECONOMICS             3 CREDITS

This is an essential introductory course that focuses on the microeconomic aspects of economic theory. Topics covered include the subject matter of economics and bask microeconomic problems, tools of economic analysis, scientific methods, basic concepts in economics, the price theory, consumer behaviour, theory of cost, theory of firm, pricing and output under perfect competition and monopoly, theory of distribution.    45h (L), C

ECO 112: INTRODUCTION TO QUANTITATIVE TECHNIQUES I           2 CREDITS

The course is designed to introduce student to some quantitative techniques necessary for analyzing economic issues. Topics covered include elementary algebra: real number system; indices and logarithms: monomials and polynomials; equations and inequalities function and relations and elementary co-ordinate geometry.                                                 30h (L) C

ECO 113: INTRODUCTION TO STATISTICS   I                                  2 CREDITS

Definition scope and development of statistics; use of  statistics in everyday life; accuracy and error computation; classification tabulation and pictorial representation; frequency distribution collection of statistical data; questionnaire method of data analysis: averages and other measure of central tendency; measures of dispersion, measures of partition etc.

30h (L) C

 

BUS 111: INTRODUCTION TO BUSINESS I             3 CREDITS

Describes the nature and scope of business, concept of business kind of businesses, types of businesses, know who a consumer is, explain different business environment, various legal issues in business, the role of government in business,  ethics and responsibilities of a business, character of business from social, legal and economic perspectives, forms of ownership, organization and management, marketing, production finance and accounting functions, government and business, the social responsibility of business, problems of Nigerian business enterprises, government and business, Social responsibility of business, problems of Nigerian business enterprises, accounting in business, how communication helps in the business, role of insurance in business.                                                45h (L) C

 

100 LEVEL SECOND SEMESTER

ECO 121: PRINCIPLES OF MACRO ECONOMICS              3 CREDITS

This course deals with elementary presentation of macroeconomics, topic includes the circular flow of income; system of national income accounting, basic Keynesian model, consumption, saving and investment theories of functions, fiscal and monetary policies, trade balance of payment, inflation, unemployment, growth and development, differences in micro-macroeconomics; Scope and methodology of national income accounting; Macroeconomic aggregates of the Classical and Keynesian systems, Monetarist system; Domestic economic stabilization; International Trade and international monetary system; National Income Accounting; Concepts and problems in National Income analysis; Elements of public finance and fiscal federalism in Nigeria; tools for macroeconomic analysis; Income and Employment determination in a simple Keynesian Model, aggregate demand, supply and the Philips curve, Fiscal policy and domestic debt, National Income Measurement and determination.45h (L) C

 

ECO 122: INRODUCTION TO QUANTITIVE TECHNIQUES II             2 CREDITS

This is a continuation of ECO 112. Topics include set theory, introductory growth mathematics, series sequence and progressions, elementary geometry, introduction to Matrix algebra, general arithmetic such as approximation and percentage errors, introduction to probability, income tax and exchange rate computations. Other topics include: Trigonometric functions and their inverse; Inequalities, and differentiation. The course will introduce calculus, exponential and logarithmic functions, Economic applications, implicit functions and differential as well as permutations and combinations etc.                                                                                                       30h (L) C

 

ECO 123: INTRODUCITON TO STATISTICS II  2CREDITS

This extends to mathematical expectations for both discrete and continuous variables, probability and chance, permutations and combinations, sampling techniques and bias, estimation theory, test of hypothesis, etc.                                                     30h (L) C

 

BUS 121: INTRODUCTION TO BUSINESS II    3 CREDITS

Topics include functional areas of business elementary concepts in personnel management, marketing, accounting, finance, money and banking, insurance and production management, amongst others.                                                                             45h (L) C


 

200 LEVEL FIRST SEMESTER

ECO 211: INTRODUCTION TO MICROECONOMICS 2 CREDITS

Pre-requisite ECO 111

The course is aimed at acquainting the students with the basic microeconomic theory. Topics covered include institutions of microeconomics; theoretical foundations of the subject; price system; role of price mechanism and consumer sovereignty; the concept of equilibrium; consumer demand, revenue and elasticity of demand; derivation, determination and elasticity of market demand;theories of consumer behavior, theory of production, Problems of scarce resources; allocation of resources in product and factor markets; comparative economic systems; supply and demand theory, equilibrium analysis; elasticity theory, static and comparative analysis and Cobweb theory, 30h (L) C

ECO 212: INTRODUCTION TO MACROECONOMICS 2 CREDITS

Pre-requisite ECO 121

The course deals with that aspect of economics, which is primarily concerned with the study of relationship among broad macroeconomic aggregate. Macro-economic theory is introduced along with national income accounting and macro-economic aggregates Topics include the meaning of macroeconomic analysis i.e. static, comparative static and dynamic analysis; National Income Accounting; models of multiplier theorem and gap analysis, Macroeconomic Aggregates:  development of types of economic theories i.e. an introduction to various schools of economics thought, the Classical, the Keynesian System; the Monetarist System; macroeconomics models, types, uses and macroeconomic policy, Domestic Economic Stabilization, analysis of the government sector, measurement of the size of government and the budget, money and banking; interest rate and analysis,  30 (L). C

 

ECO 213: DESCRIPTIVE STATISTICS       2 CREDITS                       

Pre-requisite ECO 113

This course is aimed at introducing the students to descriptive statistic. The specific topics include meaning of descriptive statistics, measure of central tendency, measures of variation, measures of partition, probability theorem, central limit theorem for discrete data, and distribution. 30h (L), C

 

ECO 214: MATHEMATICS FOR ECONOMISTS I                               2 CREDITS           

This course is an extension of ECO 102. The course deals with basic calculus tools necessary for analyzing and understanding many aspect of economic theory. and proceeds with derivatives of trigonometric functions; sequences and series; expansions, and Taylor’s theory.  It covers Mathematical analysis of basic theories of economics as well as partial and total derivatives,. Other topics include Matrix algebra: matrix addition, subtraction and multiplication; Transpose of a matrix; Determinants; Matrix inversion; Cramer’s Rule and economic applications. Calculus: Partial derivatives; Maximal and minima: unconstrained and constrained, optimization of one variable function etc.30h (L) C

ECO 215: HISTORY AND STRUCTURE OF THE NIGERIAN ECONOMY I                                                                     2 CREDITS

An overview of the Nigerian economy and its evolution since independence in 1960; the course looks at the political Economy of Nigeria. Specific topic include; the meaning of structure of Nigerian economy; the analysis of development of the Nigerian economy in the pre-colonial and post-colonial periods, the course also covers the development of economic and social organizations, the role of agriculture, industry, as well as monetization and banking.                                                                                                    30h (L), C

ECO 216: LABOUR ECONOMICS           2 CREDITS

The course starts with a review of the Nature of Labour problems in Developing Countries; Labour Force Definition and Concept Determination of Sizes and Occupational Distribution of Labour Force; The Informal sector and the Determinations, concept of unemployment, labour market theory, economics of wage determination, feature of Nigeria Labour Market; Manpower Development.                                                                     30h (L),  E

 

COURSE CODE: BUS 211  PRINCIPLES OF MANAGEMENT I        2CREDITS

Pre-requisite BUS 111

The course familiarizes students with basic concepts, principles, processes, significance and evaluation of management; functions of the manager, planning: nature and purpose; organization: nature and purpose, span of management, departmentation, line and staff authority; service department, staffing and directing, selection of managers, appraisal of managers, management and development.Concept in Human Capital Returns in Investment in Human Capital Introduction; Resource Management Review and application Introduction; Resource Allocation Theory to the Problem of Investment; Human Capital Accumulation; Investment in Education-Social and Private costs and Returns to Education; Benefit-Cost Approach; Investment Decisions in Education; Manpower Planning and Relationship between Manpower Planning and Unemployment and Special Problems in Human Resources Management (with Specific reference to Nigeria); human resources in Nigeria and their distribution in different regions of Nigeria, Africa and the global economy.       30h (L), E

ACC 211: FINANCIAL ACCOUNTING I       3 CREDITS

Pre-requisite ACC111/ACC121

This course entails revision of trial balance, suspense accounts, adjustments and the preparation and presentation of final accounts. Also, total/control accounts, incomplete records, account of clubs and societies, farmers’ accounts, voyage &solicitors’ accounts, inventory valuation and bills of exchange, electronic money transfer, detailed treatment of SAS 3, SAS 4 and equivalent IAS, IFRS etc.are treated in the course.

 

200 LEVEL SECOND SEMESTER

ECO 221: INTRODUCTION TO MICROECONOMICS II

This is a continuation of ECO 211. Topics to be treated here include: Theory of consumers behaviour/utility theory and consumer demand, theory of production and costs; introductory dynamics, theory of consumer behaviour, theory of cost of production, internal and external economies and diseconomies, market structures; theory of competition and types, law of returns using both traditional approach and isoquant-isocost approach; theory of cost; market structure and theory of the firm. Pricing and Output under Perfect Competition, Imperfect Competition, Monopoly and Monopolistic Competition; The theory of Comparative costs. Students should be introduced to some models of oligopolistic competition and basic mathematical applications.                                                                           30h (L), C

 

ECO 222: INTRODUCTION TO MACROECONOMICS II                  2 CREDITS

This is a continuation of ECO 212. Topics include: Theories of unemployment and inflation; introduction to international economics and development economics, introduction to growth theories. Basic Macroeconomic concepts such as stock and flows accounting and theoretical relationships, ex-ante and ex-post, the consumption function, business investment theory, including the profit theory of investment and acceleration principles of investment. Macroeconomic Theory of Consumption, Saving and Investment; Money Supply and Demand; Monetary and Fiscal Policy; Price Control and Inflation; Balance of Payment.

30h (L), C

 

ECO 223: INFERENTIAL STATISTICS   2CREDITS   

Pre-requisite ECO 213

This course builds on the basic concepts of probability theory and probability distributions. Topic covered includes sampling distribution and point and interval estimates of parameters; tests of significance for nominal, ordinal level, interval and ratio level; measures of association for binomial probability distribution, poison probability distribution, normal distribution, student t-distribution, hyper geometric distribution.  It also includes simple correlation and regression analysis, Chi- square distribution and F distribution, unit normal distribution. Other topics include theory of estimators and their properties and confidence interval.                                                                              30h (L), C

 

 

ECO 224: MATHEMATICS FOR ECONOMISTS            II                   2 CREDITS

The course which is a continuation of ECO 214 deals with Linear and non- linear models; Static and dynamic models; differentiation and integral calculus, differential and integral calculus and its applications in economics, first order difference and differential equations, constrained optimization-lagrangian multiplier and liner programming; Advanced treatment of input- output analysis; General equilibrium analysis. All topics are including the relevant economic applications.                                                                    30h (L). C

 

ECO 225: HISTORY AND STRUCTURE OF THE NIGERIAN ECONOMY                          2CREDIT

 This is an extension of ECO215. It examines the role of international trade in Nigerian economic development. In addition, growth of income, employment, wages and prices are discussed as well as public development institutions, national income and expenditure.  The related topics of monetary and fiscal policies, monetary institutions, trade and transport systems and contributions of sectors of the Nigerian economy to national output, relationship between these sectors are also discussed; commerce, banking, and other services sub-sectors; social and political issue affecting development in Nigeria and their resolutions; international economic cooperation. 30h (L). C

 

ECO 226: PRINCIPLESOF FINANCE                                          2 CREDITS

Forms of money and theories of finance; finance and the modern economy; finance and economic activities are introduced. Other topics in the course include finance and technology; plastic money and developing countries as well as finance and international trade; currency value in national and international trade.                                                    30h (L) C

ECO 227: URBAN AND REGIONAL ECONOMICS                              2 CREDITS

Introduction to Urban and Regional Economics and Consumption within Urban Locality; Models of Urban Land use of Rent Wage Determination and Urban Housing Markets; Factors that affect the Growth, Decline and Optimal Size of Cities; Government Economic and Social Policies.                         30h (L) E

ACC 221: FINANCIAL ACCOUNTING I       3 CREDITS

Pre-requisite ACC111. This course include miscellaneous accounting topics such as manufacturing accounts, consignments, goods on sale or return, royalties, containers, hire purchases and sinking funds. Introduction to the analysis and interpretation of financial statements, ratio analysis-uses, limitations, standards of comparison; trend, percentage, common-size financial statements, vertical, horizontal, industry, intra and inter-firm analyses, factors to consider in firms analysis, cash flow statement, hire purchase, treatment of SAS 18 and the equivalent IAS and IFRS.                                       45h (L), C

 

COURSE CODE: BUS 221  PRINCIPLES OF MANAGEMENT II       2 CREDITS

This course is an in-depth look at management functions; some of the topics include directing, motivating, planning, organization, controlling and leadership, nature of directing, leadership, controlling, the control process, control techniques, recent development in management process. The Nigerian specific envinronment, management problems in Nigeria, challenges of indigenization, transferabilty of management systems (modern trends) are also introduced.

Institutions in Industrial Relations; .Nature and Resolutions of Industrial Conflict; .Anatomy of Wage Claim; Personnel Management; Theory of and Statistics of Collective Bargaining; Dynamic of Industrial Relation: the Nigerian Experience.In-depth look at management functions; some of the topics include directing, motivating, planning, organization, controlling and leadership, nature of directing, motivation, leadership, controlling, the control process, control techniques, recent development in management process. The Nigerian specific envinronment, management problems in Nigeria, challenges of indigenization, transferabilty of management systems (modern trends).                                    30h (L),E

 

300 LEVEL FIRST SEMESTER

ECO 311: INTERMEDIATE MICROECONOMICS I                2 CREDITS

Pre-requisite ECO 211

The main focus of this part of the course is the Demand aspect of microeconomics. It is a more advanced and mathematical treatment of micro-economic theory. Topics covered include theory of costs, pricing, short run and long run equilibrium of firms and industry under perfect competition; pricing under imperfect competition; short run and long run equilibrium of the classical monopoly; price discrimination; factor pricing and choice of optimal combination of factors of production; choice of optimal expansion path; theory of firms i.e. objective and optimization problems; returns to scale and laws of proportion. It also incorporates the principles of linear programming                                                30h (L),C

 

ECO 312 INTERMEDIATE MACROECONOMICS I                2 CREDITS

The emphasis of this course is on the quantitative analysis of income determination; theories of consumption and other determinants of consumption such as problems of unemployment and inflation; Pigou effect and the effects of interest are rates and investments decisions; Investment analysis; equilibrium analysis in the various markets i.e. the Goods market, the labour market, the money market; the IS-LM framework, monetary and fiscal policy in a closed and open economy and the discussion of the relative effectiveness of monetary and fiscal policy; interest rate sensitivity and the liquidity trap.                          30h (L),C

 

ECO 313: PUBLIC FINANCE        2 CREDITS   

The course is basically an introductory one. Specific topics covered include the definition the definition of public finance, finance, budgets and budgeting; source of government revenue, government expenditure, composition of government expenditure, taxation theories of public expenditure, revenue sharing and revenue allocation, the application of Pareto principles to the issue of public finance, public debt etc.                                                      30h (L),C

ECO 314: APPLIED STATISTICS I          3 CREDITS               

This course emphasizes the practical application of statistics. Topics covered include statistics of quality control, analysis of time series, index number analysis, demography statistics, life tables statistics, non-parametric statistics, design of experiment and sample surveys. This course emphasizes the practical application of statistics, advance treatment of correlation and regression analysis, binomial probability distribution, poison probability distribution, normal distribution, student t-distribution, hyper geometric distribution.

45h (L),C

 

ECO 315: DEVELOPMENT ECONOMICS                      2CREDITS

This course is an introduction to the study of the theory of economic development and growth. Topics include meaning of economic growth, and development (concept and approaches), characteristics of under-development, development gap and poverty, obstacles to development and strategies to remove them, foreign aid and assistance investment, industrialization and technological impact of economic development, effects of International trade and globalization on economic development, financing developing plans, development policies and problems of development in Nigeria, policies tried in the past in solving the problems and why they failed.                                                                   30h (L),C

 

ECO 316: INTERNATIONAL ECONOMICS I            2CREDITS

This course is comprised of international trade and finance and it is designed to introduce the students to the fundamental theories of international trade. Topics include the meaning of international trade, free trade and trade restrictions. Samuel’s factor price equalization theorem, the phenomena of factor reversal, Rybzynsk theorem, trade policies and balance of payment, globalization, economic growth and integration, WTO and other international institutions such as IMF, IBRD, IFC, OPEC, IDA etc. Emphasis on Policy would be placed in Nigeria.                                                                                                           30h(L). R

 

ECO 317: HISTORY OF ECONOMICS THOUGHT I               2CREDITS

This course is aimed at introducing the students to contributions of various schools to the development of Economic thought. Topics covered include the Philosophy and Methodology; Contemporary Crisis in Economic Theory and Revival of Interest in the History of Economic Thought; Approaches to the Study of the Development of Economics thought, the Greek contribution to Economics thought, the Middle Ages, the Shoolmen, Mercantilism and Physiocracy, the contribution of the Classical Economics such as Adam Smith, David Ricardo, Karl Marx, and Alfred Marshall the Marginalistetc to Economic thought, , positive and welfare schools of economic thought.                        30h (L),  C

 

ECO 318: COMPUTER APPLICATION FOR THE ECONOMISTS          2 CREDITS

The Historical Development of Computer; Basic Computer Concept; Computer Configuration; Uses and Limitations; Software and Programming Languages such as  BASICS, COBOL, Word Processing Packages and the Spreadsheets, the Nature of Computer Hardware, Printers, Readers, etc; Types of Data Processing: Batch, Real Time, Time Sharing, etc; Information Systems.                                                                               30h (L), C

 

ECO 319: MATHEMATICAL ECONOMICS      2 CREDITS

This is an advanced treatment and application of mathematical methods in economics analysis. topics to be treated include: Linear or Non-Linear Models, Static and Dynamic Models; Advanced Treatment of Input-Output Analysis: General Equilibrium Analysis; Mathematical Programming, Dynamic Programming, Optional Constraints Theory with emphasis on Bellman and Pantry Gini Approaches, Game Theory and Applications; Linear, Differential Equation System.                                                                       30h (L), E

 

 

ECO 310 MANAGERIAL ECONOMICS  2 CREDITS

Production, consumption, markets, and prices; the elements of choice problem; Review of calculus; maximum and minimum value of function; use of derivatives in managerial economics; theory of consumer behaviour; elasticity’s of demand; objectives of business formations; profit maximization; business environment; different environments in which decisions are made, production function; cost concept for decision making; breakeven analysis; requirements of a linear programming problem; perfect competition; monopoly; pricing objectives; nature of investment decisions; and monetary policy.                    30h (L), E

 

ECO 331 POLITICAL ECONOMY           2 CREDITS

This is a course that analyzes the role of the political economy in the analysis of economic issues. It cover topics as: Basic Distinguishing Features of Bourgeois Method of Analysis and Dialectical Methods; Historical Materialism; Classification of Social System; Theory of Social Classes; Marxist Theory of Capital Accumulation; Surplus Value; Stage of Capitalist Development; Emergence an Advancement of Capitalism; .Metropolitan and Satellite Economy Relations; The Struggle against Colonialism and Neo-Colonialism; Stage of Socialist Development, Emergence and Advancement of Socialism.                   30h (L), E

 

ECO 332: MONETARY ECONOMICS     I&II                2 CREDITS

Topics include origin of money and banking, nature, types and functions of money, banking and financial institutions, the money market,  theories of demand for money and monetary multipliers of interest rate general price level, monetary policy, channels of momentary transmission mechanism; wealth effect mechanism of monetary policy, and inflation.The structure and functions of financial systems and markets, general outlines of financial institutions are discussed as are markets and their roles; competition between banks and other financial institutions; theory of money, money supply and demand; stabilization policy; international adjustments and liquidity.                                                 30h (L), E

 

 

300 LEVEL SECOND SEMESTER

ECO 321: INTERMEDIATE MICROECONOMICS II                          2CREDITS

Advanced price and output determination under oligopoly and the theory of consumer behaviour. The course cover cardinal and ordinal theories of demand, indifference curve analysis; the revealed preference hypothesis and consumer equilibrium; Pricing of factor of  Production; exchange theory, offer curves, and contract curves, partial and general equilibrium concepts; production possibility curve analysis as well as introduction to capital theory and types of production functions.                                        30h (L), C

 

ECO 322: INTERMEDIATE MACROECONOMICS II 2 CREDITS

The emphasis of this course is the quantitative analysis of the following topics; government and fiscal policy, fiscal deficit and budget surplus analysis, Ricardian equivalence hypothesis, output gap analysis, monetary policy analysis, exchange rate policy and devaluation concept, International trade and balance of Payments; theory of money demand and supply.30h (L), C

 

ECO 323: INTRODUCTORY ECONOMETRICS 2 CREDITS

This is an introduction to the theory of econometrics. The theoretical, statistical and mathematical foundations of the econometrics are examined. The course covers simple regression analysis and multiple regression analysis. The assumptions of ordinary least squares (OLS) are presented and discussed.  Testing of hypothesis and the interpretation of simple regression results are covered. The course also aimed at introducing the students to the basic econometric problems,heteroskedasticity, autocorrelation and multicollinearity problems.                                                                           30h (L), C

 

ECO 324 INTERNATIONAL ECONOMICS II  2 CREDITS      

This course provides a fairly advanced treatment of the elements of international finance. Topics include: making of international payment, and documents of international finance, trade financing, the foreign exchange market, the balance of payment accounts including payment adjustments and related policies, the autonomous and accommodating accounts, the transfer movement, foreign aid and capital movement, international reserves, the interactive monetary system development in the system monetary recent development in the system, monetary integration effects of contagion Bretton Woods and beyond, the International Monetary System and Standard, the Euro Dollar and Euro currency market and the uses of international economics in explaining contemporary international relations and diplomacy.30h (L), R

 

ECO 325: HISTORY OF ECONOMICS THOUGHT II 2CREDITS

The course will equally include courses such as Historical School, the Institutionalism, the Nationalist school, the contribution of John Maynard Keynes to Economic thought, the monetarist, the new Classicals, Supply Side Economics, African Economic thought. The Marginalist Revolution and the Development Revolution and the Development of the Neoclassical Paradigm; The Development of the Marxian Paradigm from the Classical Political Economy; Institutional economics and Institutionalism Revolution; Integration of Keynesian Macroeconomics into the Neoclassical Framework; The Evolution of the Neo-classical, Keynesian and Marxian Derived Growth Theory; Emergent Economic Thought from Latin America, Asia and African; Structuralist and Dependence Paradigm and the Challenge of the World Development. Contemporary state of development in economics and future prospects are examined; Marginalists and modern schools of economic thought and African economic ideas and future prospects are also discussed.                              30h (L), C

 

ECO 326: RESEARCH METHODS           3 CREDITS   

This course is a general orientation to research. It provides a detailed and comprehensive discussion of research methods in Economics, Banking and Finance, with emphasis on scientific inquiry, problem conceptualization, design of outline, survey methods and data collection. Topics covered include: the nature, role and importance of scientific inquiry, scientific methods,  research plan, choosing a research topic, formulation of hypothesis and specification of research objectives, types of research, questionnaire design, data processing, quantitative and qualitative analysis-sampling, basic statistics, tables and cross tabulation, chi square, etc, report writing, citation and bibliography.                              45h (L), C

 

ECO 327: OPERATIONS RESEARCH     2 CREDITS   

This course examines the application of quantitative techniques in finding solution to the organization’s operational problems. Topics include: Introduction to Operations Research-i.e. origin, states, uses and limitations, probability theory and decision diagram, decision theory under certainty and uncertainty, optimization techniques, linear programming formulation, solution, primal and dual allocation techniques, transportation and assignment, queuing theory, network analysis.                                                                          30h (L), E

ECO 328 FINANCIAL INSTITUTIONS    2 CREDITS

The structure and functions of financial systems and markets are examined as are general outlines of Financial Institutions.  Theory of money, money supply and demand are also studied. Other topics are demand and supply of Financial Assets; Determination of money stock, interest and prices; Stabilisation Policies: meaning of Monetary Policy, techniques, and effects. It concludes by examining policy objectives, conflicts, trade off and co-ordination; and International Adjustment and liquidity.                                                       30h (L), E

 

400 LEVEL FIRST SEMESTER

ECO 411: ADVANCED MICROECONOMICSI              2 CREDITS

The course covers microeconomic theory in an advanced way. It also exposes the students to contemporary applications of microeconomic theories. Topics covered include pragmatic approaches to Demand analysis; Technical progress and the production function; production of multi plant and multi product firms; prediction for dynamic changes and analysis; collusive and non-collusive oligopoly, Bilateral Monopoly and Monopsony,. General Equilibrium and Disequilibrium; Optimization in Theories of Consumption and Production; Emphasis is on mathematical applications.                                                30h (L), C

 

ECO 412: ADVANCED MACROECONOMICSI 2 CREDITS

Basic Model of Income Determination: Extension from Simple Closed Economy to  a Four-Sector Economy; Detailed Theories of Consumption and Investment Functions; The classical and Keynesian Models of Employment, and Output.30h (L), C

 

ECO 413: APPLIED STATISTICS II                                                        2 CREDITS

This scheme of work involves more rigorous treatment of each of the major aspects covered in part one, including the following psychological and educational statistics, demographic area, heath statistics (Introduction to vital and demographic statistics), elementary stochastic processes, multiple regression, advanced analysis of variance and covariance, simultaneous equation systems (including stochastic simulation), production function (i) in Agriculture              (ii) industry, statistical forecasting (including population projections statistical computing).

30h (L), C

 

ECO 414: PROJECT EVALUATION AND  ANALYSIS 3 CREDITS               

This course deals with the concept of project evaluation, definition and classification, the evolution of projects. The nature, role and importance of projects and its overall view in development and development planning are covered. Project identification and planning, location and size are touched upon. Other topics include: investment criteria and evaluation of projects; financial and economic analysis of projects; identification and classification of costs and benefits; shadow costs and externalities; cash flows; analysis of risks and uncertainties; project selection criteria; the project cycle and post evaluation considerations.45h (L), C

 

ECO 415: ISSUES IN DEVELOPMENT: PROBLEMS AND POLICIES2 CREDITS

Development and Underdevelopment; Survey of Development theories; Economic and Non economic Factors in Development Experience; Role of the State in Promoting Development; Prospects of Nigeria’s Development.Specific topics include theories of development such as  classical, Marxian, Schumpeterian and Harrod – Domar, dualism, balanced and unbalanced growth, Poverty, inequality and development; Population growth and economic development – causes, consequences and controversies; Urbanization and rural-urban migration; Human capital-education and health in economic development; Agricultural transformation and rural development; Environment and development; International trade policies and development strategies; Self-reliance and development; Science and Technology for development, Structural adjustment programmes in Nigeria and the Third Word; Inward Versus outward-oriented development strategies, regional integration and development; Multinationals and development. Concepts and practices of social mobilization for development.            30h (L), C

 

ECO 416: COMPARATIVE ECONOMIC STSYEMS                             2 CREDITS

This course deals with the following topics: Categorization, feature and characteristics of various economic systems including communalism, feudalism, capitalism, socialism, mixed economies, values and goals of the systems; consumption and investment decision, price, income and labour policies, money banking and trade, comparative problems of capitalism and socialism, convergence theory. Future trends of the transforming world economy.

30h (L), C

 

 

ECO 417: PETROLEUM ECONOMICS               2 CREDITS

this course teaches the students the relationship between mineral resources and economic development, exploration and production minerals, capital, manpower and technological requirements, role of national and international oil and other mineral resources companies; commercial, marketing and pricing policies, role of organization such as OPEC and Western countries, impact of mineral resources on industrialization, balance of payments, public finance, etc. strategic roles of petroleum and other mineral resources in National and International policies.30h (L), E

 

ECO 418: INDUSTRIAL ECONOMICS   2 CREDITS

The scope and methodology of industrial economics, types of firm: classical and neoclassical, types of firms forms of incorporation, structure of corporate organization and the legal framework, concepts and measurement of industrial structure input-output analysis, market structure (definition and measurement)-Herfindahi index, structure performance model, Contestable market models.This course furtheranalyzes the growth of firms, diversification, mergers and innovation, investment decision, risk and uncertainty, the cost of capital and the source of finance, industrial pricing and marketing public goods, government objectives in industrial practices and policies in Nigeria.30h (L), E

 

400 LEVEL SECOND SEMESTER

ECO 421: ADVANCED MICROECONOMICSI I           2 CREDITS

This is a continuation of ECO412. Topics include: value theory production functions. Other topics are theories of determination of wages, rent, interest and profit; It also includes the notion of economic efficiency; Efficiency and equity; Externalities as well as Social and private costs and Pareto optimum.  Social welfare functions are also studied.30h (L), C

 

ECO 422: ADVANCED MACROECONOMICS  II         2 CREDITS

This course deals with the mathematical analysis of the models of income determination in both the closed and open economies, theories of economic growth, business cycles theories and models, models of aggregate demand and supply, seignorage and hyperinflation analysis.

30h (L), C

 

ECO 423: APPLIED ECONOMETRICS  2 CREDITS   

This course embraces the econometrics of policy analysis, impact multiplier analysis including prediction and forecasting. Illustrations are drawn from models of markets equilibrium, sectors and aggregate national economies. Other topics include model formulation, identification, Simultaneous Model, identification problem together with the omitted variable bias and simultaneity bias with particular reference to the Wu-Hausman’s test and Estimation K-class Estimators, estimation with 2-stages least squares, indirect least squares, instrumental variable, full information maximum likelihood and three stage least equals. Distributed lag models and introduction of the generalized least squares models. Model evaluation and validation; hypothesis testing, the Choice of Estimators;Practical estimations with the use of econometric software.   etc.30h (L), C

 

ECO 424: ECONOMICS OF PRODUCTION                  2 CREDITS

Nature and Scope; Production Operations; Production Progress Models; Decision Models; Deterministic and Inventory Model; General Linear Programming and Network Analysis; Work Measurement and Incentive Plans.30h (L), C

 

ECO 425: ECONOMIC PLANNING         2 CREDITS   

The rationale for planning; planning origins, types and performance, planning machinery, the planning process, planning decision models, planning data; objective and policy, plan implementation; development planning in Nigeria, National Economic Empowerment and Development Strategies (NEEDS), role of the New Partnership for African Development (NEPAD), the Millennium Development Goals (MDG).30h (L), C

 

ECO 426: TAXATION AND FISCAL POLICY 2 CREDITS

The course covers the Nigerian system of income tax Administration; structure and procedures, returns, assessments, appeal, postponement, collection; with reference to all necessary legislation.  Topics will include distinction between the taxation of income and taxation of Capital; Personal Income Tax. Other topics are the law and practice of income tax relating to individuals, exemptions, settlements, trusts, and estates. It also covers Partnership assessments, treatments of losses as well as computation of assessable Income; commencement and cessation of trade or business.  Company Tax – the principles and scope of company tax as well as small company provisions including definitions, computations and exemption.

30h (L), C

ECO 427: PUBLIC SECTOR ECONOMICS 2 CREDITS

Definition problem of the public sector in the Third World, economic rational of modern State, the economic analysis of public goods, social choice, theoretical determinants of public expenditure growth, the pricing, investment and financing of public sector enterprises discussed; public budget and efficiently, cost benefit analysis, partial and general equilibrium analysis of taxation, measures of reducing poverty, socialization of resources, size and role of government and economic development in an emerging economy; analysis of selected public policies with special attention to the public service in Nigeria. 30 (L). R

 

 

ECO 430: RESEARCH PROJECT             6 CREDITS   

An essay on topics selected from a list covering generalized themes of the economic discipline, dealing with significant current economic problems and issues within National and International contexts.

 

ECO 426 APPLIED MONETARY ECONOMICS                                    2 CREDITS 

The structure and functions of financial systems and markets, general outlines of financial institutions are discussed as are markets and their roles; competition between banks and other financial institutions; theory of money, money supply and demand; stabilization policy; international adjustments and liquidity. 30 (L). E

ADMISSION REQUIREMENTS:

  1. UTME: Candidates for admission into four-year B.Sc.programme in Economics should possess:
  2. S.C.E, G.C.E, N.E.C.O, or its equivalent with credit passes in at least five subjects, which should include English Language, Mathematic and Economics (obtained in not more than two sittings). There are no waivers for credit passes in English Language and Mathematics
  3. The required Unified Tertiary Matriculation Examination (UTME) subjects are:

English language, Mathematics, Economics Plus any other relevant/related subjects.

  • Any other requirement the university may deem fit.

 

DIRECT ENTRY (THREE-YEAR B.Sc PROGRAMME IN ECONOMICS):

The admission requirements are as in A (1) above, plus:

  1. Two or more subjects in the General Certificate of Education (G.C.E) at the Advanced level or Higher school certificate (H.S.C). One of the subjects must be Economics.
  2. National Certificate of Education (N.C.E) with at least merit in relevant subjects
  • National Diploma (ND) from any recognized polytechnic or colleges of technology with a grade not lower than upper credit or any equivalent diploma from a recognized university.

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