FOURYEAR 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

2

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 doubleentry bookkeeping: 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 noncurrent 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 riskreturn 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, interquartiles, deciles, percentiles etc]; Measures of dispersion: the range, variation, mean deviation, semiinterquartile range, the variance, Shephard’s correction for variance, standard deviation, properties of standard deviation, Empirical relation between measures of dispersion; Relative