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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.