Courses: 4th Year 1st sem., B.Sc. Business Management
BSM411: Advanced Management Theory(3 credit units)
Overview of System Approach and Methodology, Data Processing System Design; Management Information System. Human Factors; Man-machine Systems, Organizational Design Method, Training, Cybernetics, Concept of Feedback and Feed Forward Control System: Cybernetics and Organizations Cyberfiter.
BSM421: International Business(3 credit units)
Introduction: The concept of International Business, Classical Trade Theory: Introduction, Mercantilism and Nation Building, Free Trade (Theory of Absolute Advantage), Theory of comparative advantage, The Assumptions of classical Trade Theory, Modern Trade Theory: Factor Proportions and Factor Intensity, Offer Curves – Reciprocal Demand and Supply, Dynamic Factors. Changing the Basis of Trade, Terms of Trade Measures, and The Effects of Tariff; International Finance: Balance of Payments Accounting – Credits, Debits, and Current Account, Balance of Payment Accounting – The Financing Accounts, National Income, Prices and Trade Balance, The Foreign Exchange Markets, Relatively Fixed Rate System. The Gold and Gold Exchange standard. International Business Environments.
BSM431: Industrial Relations(2 credit units)
The concept of industrial relations. Foundational Theories of Industrial Relations. Trade union characteristics; Industrial Relations Laws in Nigeria. Types of Unions; Internal Structures and Government of Unions; Trade Union Federation; Central Labour Organization and International Affiliations; Union Solidarity and Check-Off Systems. Collective Bargaining; Industrial Disputes; Dispute Settlement; Joint Consultation; The State and Industrial Relations; Comparative Industrial Relations.
BSM441: Business Policy(2 credit units)
Concepts of strategy in relation to Business, Corporations and Management. Linkage between organization and their environments. Concepts of policies, decision-making, Business objectives, performance criteria, structure, and managerial behaviours. Practice in calculating simple financial and economic indices from Business data and other accounting information. Learning the behavioural implications of courses of action. Analyzing a firm’s opportunities and threats, strengths and weaknesses. Selecting strategies and structures of public liability companies from their published annual reports. Developing clear Business objectives, setting clear strategies and policies, and presenting structures that are capable of being used in implementing chosen strategies. Organic Business functions of marketing, production, finance, and personnel in Nigeria.
BSM451: Analysis for Business Decision(3 credit units)
Elements of Decision Analysis, Types of Decision Situations, Decision Trees; Operational Research Approach to Decision Analysis, Systems and System Analysis; Modeling in OR, Simulation; Cases for OR Analysis, Mathematical Programming; Transportation Model, Assignment Model, Conflict Analysis and Game Theory, Project Management, other OR Models: Inventory, Replacement, Line Balancing, Routing and Sequencing, and Search.
BSM461: Marketing Research(2 credit units)
The definition and role of marketing research; marketing research as a sequence of steps; the research design, data collection and forms; analysis and interpretation of data additional coding and tabulations; selecting techniques; Daye son analysis; the research report form of report graphic presentation of results.
BSM471: Nigerian Economy(2 credit units)
Overview of the Nigerian Economy. Fiscal and Monetary System and Policies. Revenue and Expenditure Pattern. Sectoral Analysis of the Economy (Agriculture, Forestry and Fishing, Manufacturing, Mining and Quarrying, Social and Economic Infrastructure). Population, Labour Utilization and Manpower Development, Development Planning in Nigeria (Meaning, Objectives, Planning Machinery, Financing Development Plans, problem encountered etc). International Trade and balance of payments. The Nigerian Economic crisis and Economic recovery efforts. Nigeria's membership of International Economic Organizations (e.g. OPEC, ECOWAS).
BSM481: Management Information System (MIS)(2 credit units)
Introduction to, and Fundamentals of Data Processing –brief history and conventional data processing methods; Manual methods and mechanized methods. Classification of systems and their relative merits. Closed loop and open loop systems: effect on time-lag; the total system approach and objectives; total systems and subsystems. Business Systems hierarchical structure of Organizations; the sub-optimization issue. Data processing and Management Information Systems (MIS). The organization of MIS including the use of mechanical and electronic accounting machines, flow charting and the principles of systems design and documentation. Managerial uses of the information output as a basis for developing criteria and systems. Information needs of management and design of MIS. Computer and Data Processing – evolution of the Computer and the Computer system Input, output and central processing unit. Hardware and Software, Different types of data processing packages e.g. Spreadsheet, SPSS etc.) Electronic, Data Processing (EDP) methods; batch processing, real-time processing and the management of EDP.
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