FOUR-YEAR B. Sc DEGREE PROGRAMME IN ECONOMICS
FIRST YEAR [FIRST SEMESTER]
COURSE CODE TITLE | UNITS | |
MAJOR COURSES | ||
ECO 101 Principles of Economics 1 | 2 | |
ECO 121 Introduction to Accounting | 2 | |
ECO 131 Introduction to Economic Statistics 1 | 2 | |
REQUIRED ANCILLIARY COURSES | ||
COS 101 Introduction to Computer 1 | 2 | |
MTH 111 Elementary Mathematics I | 3 | |
MTH 121 Elementary Mathematics II | 3 | |
GENERAL STUDIES | ||
GSP 101 Use of English I | 2 | |
GSP 105 Natural Science I | 2 | |
GSP 111 Use of the Library and Study Skills | 2 | |
ELECTIVES [Any 2 units to be chosen from the list below] | ||
PSY101 Introduction to Psychology 1 | 2 | |
SOC101 Introduction to Sociology I | 2 | |
GEO101 Basic Elements of Landforms and the Hydrosphere | 2 | |
TOTAL UNITS | 22 | |
FIRST YEAR [SECOND SEMESTER] | ||
MAJOR COURSES TITLE | UNITS | |
ECO 102 Principles of Economics II | 2 | |
ECO 122 Introduction to Business Management | 2 | |
ECO 124 Principles of Business Finance | 2 | |
ECO 132 Introduction to Economic Statistics II | 2 | |
ANCILLIARY COURSE | ||
COS 102 Introduction to Computer 11 | 2 | |
MTH 122 Elementary Mathematics III | 3 | |
GENERAL STUDIES | ||
GSP 102 Use of English II | 2 | |
GSP 106 Natural Science II | 2 | |
ELECTIVES [Any 2 Units to be chosen from list below] | ||
STA 132 Inference 11 | 2 | |
STA 172 Laboratory for Inference II | 2 | |
GEO 102 Basic Elements of the Atmosphere and Biosphere 2 | ||
TOTAL UNITS 19 | ||
SECOND YEAR [FIRST SEMESTER] | ||
COURSE CODE TITLE UNITS | ||
MAJOR COURSES | ||
ECO 201 Microeconomic Theory I 2 | ||
ECO 203 Macroeconomic Theory I 2 | ||
ECO 221 Monetary Economics and Finance 2 | ||
ECO 231 Intermediate Economic Statistics I 2 | ||
ECO 233 Intermediate Mathematical Economics I 2 | ||
ECO 281 History and Structure of the Nigerian Economy 1 2 | ||
GENERAL STUDIES | ||
GSP 201 Peace Studies and Conflict Resolution I 2 | ||
GSP 207 Philosophy and Logic I 2 | ||
ELECTIVES [Any 2 Units to be Chosen from the list below] | ||
ECO 223 Intermediate Business Accounting 2} | ||
ECO 271 Theories of Human Resources 2} | ||
ECO 273 Labour Economics 2} | ||
TOTAL UNITS 18 | ||
SECOND YEAR [SECOND SEMESTER] | |
MAJOR COURSES TITLE | UNITS |
ECO 202 Microeconomic Theory II | 2 |
ECO 204 Macroeconomic Theory II | 2 |
ECO 232 Intermediate Economic Statistics II | 2 |
ECO 234 Intermediate Mathematical Economics II | 2 |
ECO 236 Computing Applications for Economists | 2 |
ECO 282 History and Structure of the Nigerian Economy II | 2 |
GENERAL STUDIES | |
GSP 202 Peace Studies and Conflict Resolution II | 2 |
GSP 208 Philosophy and Logic II
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2
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DEPARTMENTAL ELECTIVES [Any 2 Units from list below] | |
ECO 262 Urban and Regional Economics | 2 |
ECO 264 Introduction to Environmental Economics | 2 |
ECO 266 Introduction to Health Economics | 2 |
FACULTY ELECTIVES [Any 2 or 3 Units from list below] | |
POL 241 Foundation of Political Economy | 3} |
SOC 252 Social Change and Social Problems | 3} |
GEO 214 Climatic Systems and Regional Climates | 2} |
TOTAL UNITS | 20/21 |
THIRD YEAR [FIRST SEMESTER]
THIRD YEAR [SECOND SEMESTER]
FINAL YEAR [FIRST SEMESTER] | |
COURSE CODE TITLE | UNITS |
ECO 401 Advanced Microeconomic Theory and Policy I | 2 |
ECO 403 Advanced Macroeconomic Theory and Policy I | 2 |
ECO 421 Advanced Public Sector Economics | 2 |
ECO 423 Public Policy | 2 |
ECO 431 Advanced Statistics and Econometrics I | 2 |
ECO 461 Advanced Development Economics | 2 |
ECO 463 Comparative Economic Systems | 2 |
ECO 475 Project Appraisal I | 2 |
ELECTIVES [Any 4 units to be chosen from list below] | |
ECO 433 Advanced Mathematical Economics | 2 |
ECO 451 Energy Economics | 2 |
ECO 453 Advanced Demography and Population Economics | 2 |
ECO 471 Industrial Relations and Personnel Management | 2 |
TOTAL UNITS | 20 |
FINAL YEAR [SECOND SEMESTER] | |
MAJOR COURSES TITLE | UNITS |
ECO 402 Advanced Microeconomic Theory and Policy II | 2 |
ECO 404 Advanced Macroeconomic Theory and Policy II | 2 |
ECO 432 Advanced Statistics and Econometrics II | 2 |
ECO 452 Economics of Production | 2 |
ECO 462 Economics of Planning | 2 |
ECO 476 Project Appraisal II | 2 |
ECO 478 Project Report | 6 |
ELECTIVES [Any 2 Units to be chosen from list below] | |
ECO 428 Advanced Monetary Economics | 2 |
ECO 464 Health Economics and Health Policy | 2 |
ECO 466 Climate and Environmental Economics | 2 |
TOTAL UNITS | 20 |
COURSE DESCRIPTION
ECO 101: Principles of Economics I 2 Units
The nature and significance of economics; The methodology of economics; Economic tools of analyses; Theories of demand and supply; Elasticity analysis; Dynamic theory of price: Predictions of price theory, Production theory: Output, cost, law of diminishing returns; Market structure: Perfect competition, monopoly, oligopoly etc; Elementary theory of utility; Distribution theory; Demand for and pricing of productive factors; Interest rate and profit.
ECO 102: Principles of Economics II 2 Units
Elementary principles of microeconomics and macroeconomics; National income estimation; The circular flow of income: Injections, withdrawals and the multiplier; Income determination: consumption, saving and investment functions; Nature and history of money; The banking system and the supply of money; Money supply and price level; International trade: Exchange rate and comparative advantage; Foreign trade and domestic economy; Economic growth; Elementary notion of economic planning; Introduction to Marxist economic theory.
ECO 121: Introduction to Accounting 2 Units
The nature, scope and purpose of accounting; Evolution of accounting divisions; The users of financial statements and their information requirements; Roles and types of accountants; Accounting Theory: terminologies, concepts, assumptions, and conventions; Theory and mechanics of double-entry book-keeping: books of original entry, cash book and petty cash books, the ledger classifications; Trial Balance and correction of errors; Suspense Account; Accounting for depreciation and non-current assets; Basic financial statements; Preparation of final accounts of business concerns without adjustments: statement of financial position, statement of Comprehensive Income, sources and application of funds statements; The valuation of assets and measurement of business income; The interpretation of accounts; Significant accounting/financial ratios; Computer Accounting Applications and Software Packages.
ECO 122: Introduction to Business Management 2 Units
Concepts of Business, organization and management: Definitional problems, Evolution of management theory, relevance of management theories to business organization, non business organization and the household; Management functions; Business environment: types and roles of each to the success of business organization; Corporate responsibility of business organization to the environment; Business financing: different types of business financing, advantages and disadvantages of different types of business financing; Why some businesses fail and others succeed; Quantitative aids to management.
ECO 124: Introduction to Business Finance 2 Units
Introduction: meaning, basic concept and objectives of business finance; Role of financial markets and opportunity cost of capital; Valuation: fixed income securities, common stock; Financial Management of firms: basic theory and practice, investment decision making; Financial statements and financial analysis; Time value of money; Capital budgeting and risk-return tradeoff: measuring risks; Portfolio theory: managing risk, the capital asset pricing model; the cost of capital, capital structure, and the role of financial markets.
ECO 131: Introduction to Economic Statistics I 2 Units
Meaning and scope of statistics; Statistical methods and their purposes; Data: primary data, secondary data, data frequency, rounding of data; Population and sample [including inductive and descriptive statistics]; Variables: discrete and continuous; Functions; Rectangular coordinates; Graphs, Frequency distributions [including arrays, frequency distributions, class intervals and limits, class size, width, general rules for forming frequency distributions, histograms and frequency polygons, relative frequency distributions, cumulative frequency distributions, ogives, frequency curves]; Measures of central tendency [including unweighted and weighted arithmetic mean and their properties, arithmetic mean for grouped data, median and mode, and the empirical relations between the three; Geometric mean, harmonic mean, and the relationship between them, the root mean square, quartiles, inter-quartiles, deciles, percentiles etc]; Measures of dispersion: the range, variation, mean deviation, semi-inter-quartile range, the variance, Shephard’s correction for variance, standard deviation, properties of standard deviation, Empirical relation between measures of dispersion; Relative