Download BREAKDOWN OF THE FOUR-YEAR DEGREE PROGRAMME: 100

BREAKDOWN OF THE FOUR-YEAR
DEGREE PROGRAMME:
100 Level: First Semester
Core Courses
Units
ECN 111
Principles of Microeconomics
2
ECN 112
Introductory Statistics 1
2
ECN 113
Introductory Mathematics 1
2
General Studies
GST 102
Philosophy & Logic
2
GST 103
Nigerian Peoples & Culture
2
GST 105
Use of English 1
2
GAS 201
General African Studies 1
2
Electives: 4 Units from the following:
POL 101
Introduction to Pol Science
2
SOC 111
Introduction to Sociology
2
GRY 106
Introduction to Human Geography 2
PSY 100
Introduction to Psychology 1
2
ANY ONE OF THE FOLLOWING:
FRE 189
French for Arts & Sociol Sciences 1
OR
ESM 101
Introduction to Estate Mgt
2
Second Semester
Core Courses
Units
ECN 121
Principles of Macroeconomics
2
ECN 122
Introductory Statistics II
2
ECN 123
Introductory Mathematics II
2
ACC 210
Financial Accounting
2
ACC 210
Financial Accounting
2
General Studies
GST 104
Philosophy of Science
2
GST 106
Use of English II
2
GAS 202
General African Studies II
2
Electives: 4 Units from any of the following
POL 113
Introduction to African Politics
SOC 121
Introduction to African Societies &
2
Culture
2
GRY 107
World Economic Geography
2
PSY 101
Introduction to Psychology II
2
FRE 190
French for Arts & Soc. Science II 2
ESM 102
Introduction to Estate Mgt II
2
Electives: A total of 6 units for first and the second
semesters from within and outside the faculty as approved
by the Department.
Minimum Units Required First Semester = 20 units
Minimum units required for second semesters 6 units
Minimum units required for first and
Second session
= 36 units
200 Level: First Semester
Course Course:
Units
ECN 211
Microeconomics
4
ECN 212
Statistical Methods and Appli. 1
4
ECN 213
Basic Maths for Economists 1
2
ACC 210
Financial Accounting
2
FIN 210
Introduction to Finance
2
BUS 211
Management 1
2
General Studies (2 units)
FSC 103
Introduction to Computer Sciences 2
Elective (2 units minimum)
ECN 214
Theories of Human resources
2
IRPM 210
Foundations of Indus Rel.
2
Second Semester
Coure Courses
ECN 221
Macroeconomics
4
ECN 222
Statistical Methods and Appl. II
4
ECN 223
Basic Math for Economists II
2
ECN 224
History of Economic Thought I
3
BUS 221
Management II
2
General Studies (2units)
Electives (2 units minimum)
ECN 225
Labour Economics
2
ACC 220
Cost Accounting
2
IRPM 220
Introduction to Personnel Mgt
2
Total units for year III: 37 minimum (20 units for the first
semester and 17 units for the second semester)
300 Level: 1st Semester
Core Course
Units
ECN 311
Intermediate Microeconomics
4
ECN 312
Economic Statistics
ECN 313
The structure of Nigerian Economy2
ECN 314
Principles of Public Finance
ECN 315
History of Economic thought 112
2
General Studies
Computer Applications
2
Elective (4 units from the following)
ECN 316
Monetary Economics
1
ECN 317
Mathematical Economics 1
2
ECN 318
International Trade
2
ECN 319
Industrial Economics 1
2
Second Semester
Core Courses
ECN 321
Intermediate Macroeconomics
4
ECN 322
Statistical Research Methods
2
ECN 324
Theories and Practice of Public Fin.2
ECN 325
Introductory Econometrics
2
Electives (4 units from the following)
ECN 326
Monetary policy
2
ECN 327
Mathematical Economics II
2
ECN 328
Trade Policy and International Fin. 2
ECN 329
Industrial Economics II
2
Total units for year III = 34 minimum (18 in the first
semester and 16 in the second semester)
400 Level: 1st Semester
Core courses
ECN 411
Advanced Microeconomics
4
ECN 412
Development Economics
2
ECN 413
Dev. Problems & Policies
2
ECN 414
Project Dev. & Financial Analysis 2
ECN 415
Fiscal Policy and Manage
2
ECN 416
Advanced Applied Statistics
2
ECN 420
Research Project
3
Electives (2 units from the following
ECN 417
Econometric methods
2
ECN 418
Advanced Trade Theory
2
ECN 419
Advanced Monetary Theory
ECN 431
Advanced Industrial Rel.
2
ECN 432
Petroleum Economics 1
2
ECN 433
The large corporation:
Objectives and Behaviour
2
2
Core courses
Second Semester
ECN 420
Research Project (Contd.)
3
ECN 421
Advanced Macroeconomics
4
G
SUMMARY OF THE NUMBER OF CREDIT UNITS
REQUIRED BY DEPARTMENT:
YEAR:
I
II
III
IV
37
34
38
145
CORE COURSES DESCRIPTION (SYLLABUSES)
ECN 111 Principles of Microeconomics: (2 units)
Elementary presentation of microeconomic theory. Topics include the nature and
scope of economics and the distinction between micro- and macro-economics;
tools of economic analysis and scientific method; basic concepts in economics; the
price theory; consumer behaviour; theory of supply especially analysis of production
costs, equilibrium of the profit maximising firm, and types of competition; factor
market, analysis and the theory of distribution; introduction to welfare economics.
ECN 121: Principles of Macroeconomics (2 units)
Elementary treatment of macroeconomic theory which includes the following
topics: the Circular Row of Income, and system of National Income Accounting;
basic Keynesian model and National Income determination; C6nsumption,
Savings and Investment functions; fiscal and monetary policy; trade, balance of
payments, inflation unemployment, growth and development.
ECN 112 - Introductory Statistics I (2 units):
Definition and Scope: The role of statistics in Social Sciences research: Basic
concepts - discrete and continuous
variables, constants, number accuracy and approximations, summation
notations and manipulations; Population and samples; Sources of data;
Presentation of data; Frequency Distribution; Measures of Central Tendency mean, median and mode; Qualities, declines and percentiles.
ECN 122 - Introductory Statistics II (2 units):
Measures of dispersion; Permutation and Combinations; .Sets and Venn
Diagram; Introduction te Statistical Distributions and Density functions,
especially the Binomial, Poisson, and Normal.
ECN 113 - Introductory Mathematics for Economists
I
(2 units):
The general objective of the course is to impart a deeper understanding of
pre-university Pure Mathematics with emphasis on its relevance to economic
problems. Specifically, the course will- cover the following topics: Number
systems, Set Theory; Relations and algebraic functions with special attention
paid to fundamental algebraic operations and economic applications of various
types of algebraic functions; Series and sequences and their applications in
economics, Introduction to Calculus of algebraic functions of a single variable,
with applications to marginal analysis and optimization in economics.
ECN 123: Introductory Mathematics for Economics
II
(2 units)
Polynomials functions: Trigonometric Functions; Exponential and
Logarithmic functions, Rules of indices and Power functions Set theory, Vectors.
ECN 211:
Microeconomics (4 units)
Scope and the Methodology of Economics; Economic
Systems, Concept of Market in Economics. Demand and Supply Analysis;
Elasticities of demand and supply. The Cobb-web Model; Consumer
Behaviour; Income Distribution; The Operation of factor markets and Money
and Banking.
ECN 221: Macroeconomics (4 units).
National
Income
Accounting;
The
Theory
of
National
Income
Determination. National Income and the Price Level, Economic Planning,
Growth and Development; Introduction to fiscal and monetary policies.
ECN 212 - Statistical Methods and Applications I (4 units)
Theory of probability; Binomial, Normal and Poisson Distributions;
Elementary Sampling theory; Samples and random numbers; Sampling with
and without replacement; Sampling Distribution of Means, Proportions,
Differences and Sums; Statistical estimation theory; Point and interval
estimates of Population Parameters; Standard error, reliability and confidence
levels.
ECN 222 - Statistical Methods and Applications II
(4 units):
Statistical decision theory; Test of hypotheses; Levels of Significance and
Type I and Type II Errors; Two-tail and One-tail tests; Small Sampling theory
and Student Distribution; Chi-square distribution and tests; Introduction to
Correlation and Regression Analysis; Curve fitting and methods of Least
Squares; Time-Series analysis; ANOVA-and~F-Statistic.
ECN 213 - Basic Mathematics for Economists I (2 units)
This course is intended to equip the students with the basic mathematical tool
for economic analysis and research. The course will review and carry out a
more advanced treatment of topics covered at the 100 level, namely; Set
theory and applications to economic research; Relations, algebraic and nonalgebraic functions; Series and sequences; Calculus of functions of a single
variable; Introduction to Calculus of functions of several variables, with
applications to Optimization; Lagrange Multiplier and Constrained
Optimization in economics.
ECN 223 - Basic Mathematics for Economists II (2 units)
The course being a continuation of the First Semester course, will cover
additional topics, namely: Integral Calculus; Introduction to Differential and
Difference equations; Standard treatment of Linear Algebra, with
applications to micro, multi-sector and macro-economic problems.
ECN 214 . Theories of Human Resource (2 units)
Definition of terms: human resources/manpower, human capital, human
capital formation; Problems of human resources and the nature of labour
problems in developing countries; Determinants of the size and composition
of labour force; Labour in the informal sector and the modern sector;
Unemployment: definition, types, causes, effects and solutions; human resource
planning and development.
ECN 224 - History of Economic Thought I (3 units)
An introduction to the appreciation of the importance of History of Economic
Ideas. Nature and Scope of Economic Thought, Ancient and Medieval
Economic Thought;
Mercantilists Ideas, and Cameralism. An overview of pre-Classical and
Classical Schools of Economic thinking.
ECN 225 - Labour Economics (2 units)
Definitions and Concepts; Labour, Labour Force, Working Population, Labour
Force participation rate; the determinants of Labour Force; Demographic
factors and Economic factors; Industrial and Occupational distribution of labour;
Wage theory and labour markets; Collective bargaining.
ECN 311 - Intermediate Microeconomic Theory (4 units)
An advanced treatment of topics ECN 211. Extensions will be on monopoly
and price discrimination, theories of monopolistic competition and
oligopoly, Linear Programming, General Equilibrium theory, welfare
economics including a discussion of public goods, market imperfection,
externalities, and market failures especially in less-developed economics, as well
as the impact of privatization and commercialization of government et
terprises on welfare.
ECN 321 - Intermediate Macroeconomic Theory (4 unit*) '
An advanced treatment of topics in ECN 221. Emphasis will be on theories of
Consumption, Investment and Savings, Demand and Supply of Money,
Financial Institutions, and Monetary Politics, General Equilibrium Analysis
of the Product and Money markets, and the complementarily of fiscal and
monetary policies, International Income Transmission and impact on the
General Equilibrium, Inflation and Employment, Growth Models and
Macroeconomic policies.
ECN 312 - Economic Statistics (2 units)
Analysis of Times Series Data; Multiple Regression and Correlation, National
Income Accounting; Basic Concepts of SNA, the Nigerian GDP using Production
Accounts, and Final Expenditure Accounts.
ECN 322 - Statistical Research Methods (2 units)
Introduction to statistical research methodology in Economics; Research Design and
Surveys in economics; Sampling Design, Collection and Analysis of Secondary
data; Designing Questionnaire for Survey; Collection of primary data; Analysis of
Qualitative data and non- parametric Statistical tests.
ECN 313 - The Structure of Nigerian Economy (2 units)
An overview of the Nigerian economy and its evolution since Independence in
1960, and the use of microeconomic and macroeconomic analysis to explain in
details the pattern of, and interrelationship among, the agricultural, crude
petroleum and mining, manufacturing, utilities and commercial services sectors, as
well as the aggregate economic behaviour in respect of growth, inflation,
employment, trade and balance of payments.
ECN 323 - The Problems of the Nigerian Economy (2 units)
A detailed analysis of the problems of economic development in Nigeria with
emphasis
on
the
roles
of
infrastructure,
investment,
agricultural
development, technological dependence, balance of payments, foreign debt
service burden, rural to urban migration, unemployment, inflation, poverty, law
and order, and security to life and property.
ECN 314 - Principles of Public Finance (2 units)
Meaning, Nature and Scope of Public Finance under the Classical,
Keynesian and Modern Economic Theories; the
Principle of Maximum Social Advantage; Sources of Government Revenue;
Introduction to the Theories and Principles of Taxation; Canon and Types of
Taxation Incidence and Effects of Taxation; Equity in Taxation and Equitable
distribution of Income; Meaning; Objective and Kinds of Public Expenditure;
Canon of Public Expenditure, Classification and Growth of Public Expenditure.
ECN 324 - Theories and Practice of Public Finance (2 units)
Public Sector Production and Consumption Decisions; Public Goods; Taxation
and Economic Growth; Tax Determination and Practice of Taxation in Nigeria;
Concepts
of
Optimizing
Government
Expenditure;
Efficiency
in
Government Spending and the Criteria for Public Investment; Evaluation of
Government Expenditure with the help of Cost-Benefit Analysis; Public Debt
Burden and Management; Fiscal Federalism and the Problems of
Intergovernmental Fiscal Relation; Strength and Weakness of Fiscal Policy in
Developing Countries with special reference to Nigeria; Introduction to the
Theory of Government Intervention in the Market Economy.
ECN 315 - History of Economic Thought II (2 units)
This builds on the Foundation laid in ECN 224. It covers Neo-Classical,
Institutional and Marxian Schools of Economic Thought; Welfare Economics,
Keynesian Economic System. Contemporary Economic Ideas from the third
world.
ECN 325 - Introductory Econometrics (2 units)
Definition and methodology of econometrics; The Simple Linear Regression
Model; Statistical tests of estimators;
Multiple regression analysis; the concepts of autocorrelation, multi-colinearity
and errors in variables; Interpretation of regression results.
ECN 316 - Monetary Economics (2 units)
This course is designed to expose students to the tools of Monetary
Economics. The following topics are discussed in the lecture. Money: Concept,
Historical- Development, Types, Functions and Characteristics; Keynesianism
versus Monetarism: The Great Debate; . Theory of Demand for Money:
Quantity Theory Approach, The General Theory as Monetary Theory, and
Post-Keynesian Developments in Monetary Theory; Determinants of Money
Demand; Supply of Money as an Exogenous or . Endogenous variable;
Determinants
of
Money
Supply;
High-powered
Money;
Monetary
Equilibrium: LM Curve; General Equilibrium: IS-LM Analysis; IS-LM-BP model:
In an open small Economy.
ECN 326 - Monetary Policy (2 units)
This course is designed to expose students to the tools of Monetary Policy.
Students are expected to appreciate the conduct, implementation and control of
Monetary Policy in Nigeria. The following topics will be discussed.
Introduction: Concept Scope, and Methods of Monetary Policy Targets, Lags
and Rules ,of Financial Markets: Meaning and Participants; Financial
Intermediation and Indicators of Financial Deepening in Nigeria; The Nigerian
Money Market: Instruments and Institutions' involved; Investment Banking:
Prospects and Problems; Banking crisis in Nigeria: Causes, Consequences and
solutions.
ECN 3 1 7 - Mathematical Economics I (2 units)
The nature of mathematical economics; Microeconomic models; Ingredients
of a mathematical model; Comparative Static analysis and the Concepts of
Derivatives; Constrained Optimization Problems; Continuous analysis and firstorder
Difference Equations; Dynamic analysis and Market Stability.
ECN 327 - Mathematical Economics II (2 units)
Presentation of MacroeconomlC Models with emphasis on Linear Algebra and
Systems of Linear Equations; Linear-Programming Optimization and InputOutput Analysis; Introduction to Mathematical Programming and Economic
Applications.
ECN 318 - International Tridi (2 units)
Pure theory of trade including th« Rlcardian and Heckscher-Ohlin theories; factor
price eqUllllfttion theorem; empirical tests of the theories; alternatlva theories
including labour skills, technological-gap and related product life-cycle theories;
the scale economy, demand similarity and 'availability' theories.
ECN 328 - Trade Policy and International Finance (2 units)
Commercial policies and their goals including tariff and non-tariff barriers; terms of
trade and growth policies, imports substitution versus exports promotion debate,
evolution of regional economic co-operation, theory of customs unions,
international factor payments: the 'new' international economic order; balance
of payments, adjustment mechanisms, and problem of international' monetary
system.
ECN 319 - Industrial Economics I (2 units)
The scope and methodology of Industrial Economics. Types of firm, Classical and
Neoclassical. Types of firms and 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) - Herfindahl Index, Structure Performance
Models, Contestable Market Models.
ECN 329 -Industrial Economics II (2 units)
The growth of firms, Diversification, Mergers and Innovation; Investment
Decisions, 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.
ECN 411 - Advanced Microcconomic Theory (4 units)
An advanced treatment of ECN 311 & 211 withfextensions to, and special
emphasis on the following: revealed preference theory and compensated
demand curve; constrained output and profit maximization and cost
minimization; production functions and their properties, and Euler's theorem;
market dynamic equilibrium analysis and stability; Walrasian and Marshallian
approaches; the monopsony model bilateral monopoly and theory of
exploitation; general equilibrium theory and Walras law; social welfare
function and the theory of Second Best.
ECN 421 - Advanced Macroeconomic Theory (4 units)
,
An advanced treatment of ECN 321 & 221 with extensions to, and special
emphasis on the following: various theories of the consumption function,
investment function and I-S curve; quantity equation of exchange and
money supply theories; complementarily and relative effectiveness of fiscal and
monetary policies; the new quantity theory; information costs; Phillips curve,
inflation and unemployment; growth models and economic growth analysis.
ECN412- Development Economics(2units)
Definition of economic growth and concepts of development. Arithmetic
of growth and' measurement of development. Diverse, structures, and
common characteristics of less-developed countries. Theories of economic
growth and development including Linear - stages theories, the Classical and
neo-classical growth theories, Keynesian growth models (e.g. Kaldor and
Mirrless model), and international dependence models. Strategies of economic
development, optimal industrial development strategies and synthesi-' of major
factors in modern economic development.
ECN 422 - Development Planning (4 units)
Definition of development planning; The theory of development policy and
pre-requisites for successful development planning. The levels and ranges of
planning: annual, medium-term and perspective plans; . quantitative, qualitative
and reformative policies and planning; Planning in stages: macroeconomic
planning and rationale; multi-sector planning for intersectoral consistency
and optimal development; sector and project planning; introduction to social
and regional planning; the planning organization and procedure with special
reference to Nigeria.
ECN 413 - Development Problems and/Policies (2 units)
Development objectives and indicators, obstacles to development and the
phenomenon of growth without development. Steps in analysing development
problems and policy prescriptions. Special emphasis on the problems and
policies of poverty, unemployment, population growth, spatial distribution and
migration, agriculture, infrastructure,
ECN 423 - Comparative Economic Systems (2 units)
Categorisation and feature of the various economic systems including
communalism,
feudalism,
capitalism,
socialism,
mixed
economy,
communism and welfarism. Values and goals of the systems; consumption and
investment decisions; price, income and labour policies; money, banking and
trade; comparative problems of capitalism and socialism; convergence theory.
, ECN 414 - Project Development and Financial Analysis
Analysis (2 units) Introduction: Definition of concepts such as projects,
programmes and plans, and project cycle. Project identification and
development, including technical requirement study, technical feasibility,
study of size and location, and project cost analysis. Financial analysis of
projects, including measures of operating performance, liquidity and shortrange solvency, long-term solvency, criteria for project choice, cash flow and
financial profitability, and project financing.
ECN 424 - Economic and Social Analysis of Project (2 units)
Introduction: Objectives and relevance of economic and social analysis, etc.
Definition and measurement of primary and secondary benefits and costs.
Shadow or Accounting prices. The social discount rate. Risk and
Uncertainty in project analysis, and sensitivity analysis. Determination of
economic and social profitability. Project implementation, organisation and
management, critical path method and plan of work.
ECN 415 - Fiscal Policy and Management (2 units)
Public Choice and Theories of the Public Sector, Static and
Dynamic Incidence of Taxes, the Concept of Excess Burden under different
Taxes, Budget Analysis, Budget Preparation, Presentation and Performance,
Theories and Practice of Government Expenditure and Government
Intervention, User Charges and the Pricing of Public Goods in Theory and
Practice, Public Sector Borrowing and Public Debt Management, the
Concept
and
Practice
of
Commercialization,
Privatization
and
Nationalization.
'ECN 425 - Production Economics (2 units)
The course covers the basic gamut of production at the plant level. It comprises
cost and supply conditions including production costs and economies of
Scale at the plant level, corporate pricing behaviour including empirical evidence
on pricing. Other topics are Inventory, Control, Locational Analysis and
Transportation Economics. Linear Programming, and Investment Appraisal.
ECN 416 - Advanced Applied Statistics (2 units)
This course is designed to familiarize students with the basic and operational
concepts of sampling and social investigation. The emphasis is on the
application of statistical concepts to Nigerian situations. Examples from the
various national designs are extensively presented and discussed. Course
content includes:
(1)
Fundamentals of Survey Sampling
(2)
Simple Random Sampling
'
(3)
Precision and Cost Considerations in Sampling
(4)
Stratified Sampling
(5)
Systematic Sampling
(6)
Cluster Sampling
(7)
Regression Methods in Sampling
(8)
Questionnaire Design
(9)
Implementation and Analysis of Surveys.
ECN 417 - Econometric Methods (2 units)
An advanced treatment of ECN 325 with extension to and special emphasis on
the following:
Introduction - The Definition, Objectives and Scope of Econometrics:
Econometrics Models and Economic Data: The Stages and Methodology of
Econometric Analysis: Correlation theory and. the Simple. Regression
Model Estimation, Statistical Tests of the Simple Regression Model: The Multiple
Regression Model and their estimation: and Properties of OLS Estimators.
Introduction to General Linear Models.
ECN 427 - Major Topics in Econometrics (2 units)
Simple Linear Regression Models: Estimation theory and Economic Model:
The General Linear Regression Model: Violations of Ordinary Least Squares
Assumptions: Model Specification, Specification Problems and Errors:
Introduction to Simultaneous Equation Models; and Generalised Least
Squares Techniques. Dynamic Econometric Analysis and Applications.
ECN 418 - Advanced Trade Theory (2 units)
An advanced treatment of the traditional and contemporary theories of
international trade. The course examines the Classical and Neoclassical
models and their empirical tests. It also analyses such theorems as the factor price
equalisation . theorem, the Stolper-Samuelson theorem and the Rybczynski
theorem. Static and dynamic comparative advantage theories are treated in
detail as well as other contemporary theories of International Trade
ECN 428 - International Monetaly Theory (2 units)
The course examines monetary aspects of International Trade such as tariffs,
balance of payments and its adjustment mechanisms, foreign exchange
markets, monetary and portfolio balance approaches, exchange rate regimes, .
and the International Monetary System.
ECN 419- Advanced Monetary Theory
IS-LM-BP model: In a large opened economy; Application .of the model to
Flexible and Fixed Exchange rates; Theory of Financial Repression; McKinnon
and Shaw Hypotheses; Financial Deregulation and Banking Fragility; A
Theoretical Underpinning; Inflation and Expectation Theories; Rational
Expectations Revolution and Macroeconomic Stabilization Debate; Theories of
Interest Rates; Formal and Informal Financial Sector in- Nigeria: Problems and
Prospects.
ECN 429 - Advanced Monetary Policy (2 units)
Background to the Nigerian Financial system; Deregulation of the Nigerian
Financial Market; Examination of Major Monetary policy measures under
SAP, Foreign Exchange Market: Management and Problems; Privatization and
Commercialization: Issues and Problems; Interest Rates and Credit Policy:
Management and Problems; Stabilization Policy and Economic Growth;
Balance of Payments; Foreign Borrowing and Debt Problems; International
Monetary Institutions and Monetary Policy in Nigeria; and Contemporary
issues, such as Universal Banking and International Capital Market.
ECN 431 - Industrial Relations (2 units)
Definitions and scope of industrial relations; Theories of Industrial Relations;
Trade Unions: definitions and types, development in Nigeria since 1912;
Functions, Types, Structure and the Development of Employers Associations;
Labour Disputes and their settlement: definitions and types of disputes, dispute
settlement procedures, manifestations, patterns' and trends of disputes;
Collective bargaining: definition and concept, elements and structure,
government policy and constraints to collective bargaining; Joint Consultation;
International comparison of Industrial Relations and the future of Industrial
Relations.
ECN 432 - Petroleum Economics I (2 units)
This course is taught as an introduction to Energy and Petroleum
economics. The energy component is important so as to enable students to
situate their knowledge of Petroleum Economics within the nexus of
energy, natural resource and environmental economics. Content of the course
during the first semester includes introduction to brief theory of firm
production, Classical and other theories of the firm. Organization and Structure
of the Energy and Petroleum and Gas Industries. Price and Output
Determination in Energy and Petroleum industry. Characteristics and
Peculiarities of the industry; Bilateral Monopolies, Decreasing cost and
increasing returns examples. Externalities, Environmental Pollution and
Problems of Natural Resource Depletion and Resource Pricing.
ECN 433 - The Large Corporation: Objectives and Behaviour (2 units)
The Institutional Characteristics of the large diversified firms including
Multinational Enterprises. Corporate Finance. The objectives of large firms:
Revenue
Maximization,
Growth
Optimization,
Cyert
and
March
Intermediation among conflicting demand by sub-groups within firm.
Research and Development. The large Public Enterprises: Characteristics and
goals. Relationship with Government,
ECN 441 - Personnel Management (2 units)
Definition, scope and the Development of Personnel Management; personnel
functions and functions of the Personnel Department; corporate human
resource management: corporate goals human resource planning process,
Forecasting techniques and the manpower environment; recruitment and
selection, training and development, performance appraisal, wages and
salaries
administration, labour mobility and management information
system.
ECN 442 - Petroleum Economics II (2 units)
The first semester- course is a pre-requisite for the 2nd semester. This course
is therefore a build-up on the Energy and Petroleum Economics of the first
semester. The content of the course includes analysis and examination the role
and place of Energy and Petroleum (i) within the Domestic Macro economy, (ii)
within the Global Economy. Analysis of Global Institutions such as centres of
energy markets, supplies and other market institutions.
Energy policy formulation in Nigeria and in other countries.
Nigerian Gas Development, Deregulation, Liberalisation Pricing of Energy,
International Experience Energy Nexus; Power Transmission, Generation and
Distribution. Politics of Energy, Management Development in the Energy
Industry.
The Energy Sector and Nigeria's Development.
ECN 443 - Corporate Conduct: Performance and Government
Intervention (2 units)
An advanced treatment of ECN 319, 329 & 433 with extension to and special
emphasis on the following; Cost conditions; Economies of scale, minimum
efficient scale and capacity utilization. Monopoly Pricing and Price
Discrimination. Elements of Game Theory - as basis for explaining
interdependence amongst firms. Profit and Nonprofit Competition (e.g.
product differentiation). Performance measurement: Profit, Productivity and
Growth Accounting. Predatory pricing - theory and practice. Public Policy
towards Industrial behaviour. Economics of publicly regulated industries.
Deregulation and Privatization.
ECN 444 - Advanced Mathematical Economics (2 units)
The course adopts a rigorous mathematical, approach to microeconomic
analysis as well as macroeconomic analysis and so constitutes advanced
treatment of the 300 level mathematical economics I & II. Special attention will
be paid to dynamic analysis of the market, consumer utility function and
production functions at the micro level, while at the macro level attention
will be paid to computable general equilibrium analysis, input-output system
and economic applications of numerical methods.
ECN 445 - Major Topics in Public Finance (2 units)
Fiscal aspects of Macro-econqmic, Theory; Jnternational issues in Public
Finance, Normative and Positive Optimal Taxation; Tax Evasion; Tax
Avoidance and Black Economy, Pricing and Taxation of Public Enterprises
and Public Utilities; Public Sector Borrowing Requirements; Rolling back the
role of the State; Restructuring of the Nigeria Economy, Privatization; Fiscal
Federalism; the Models' of Resource Devolution in Nigeria, Fiscal Adjustment;
Fiscal Equalization.
RESEARCH PROJECT /ESSAY
As a form of identification, all final year research projects should have the
candidate's name and the title of the project both on the cover as well as on the
spine of the bound copies.
Also for uniformity, the colours of the hardback cover for the project! essay are
allocated as follows;
Diplom Brown Black Green
a
Maroon! Wine Blue
B.Sc.
Size of all essay rojects should be A4.