Economics-Course Modules

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

 

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 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