Courses: 2nd Year 1st sem., B.Sc. Economics
GST211: History and Philosophy of Science(2 credit units)
Man - his origin and nature, Man and his cosmic environment, Scientific methodology, Science and technology in the society and service of man, Renewable and non-renewable resources-man and his energy resources, Environmental effects of chemical plastics, Textiles, Wastes and other material, Chemical and radiochemical hazards Introduction to the various areas of science and technology, Elements of environmental studies.
GST221: Peace Studies and Conflict Resolution(2 credit units)
Basic concepts in peace studies and conflict resolution, peace as vehicle of unity and development, conflict issues, types of conflict, e.g. ethnic/religious/political/economic conflicts, root causes of conflicts and violence in Africa, indigene/settler phenomenon, peace – building, management of conflict and security, elements of peace studies and conflict resolution, developing a culture of peace, peace mediation and peace-keeping, alternative dispute resolution (ADR). Dialogue/arbitration in conflict resolutions, role of international organizations in conflict resolution, e.g. ECOWAS, African Union, United Nations, etc.
ECO211: Introduction to Microeconomics(2 credit units)
Element of price theory; demand function and the derivation of individual and market demand curves for a commodity; supply function and the derivation of individual and market supply curves; interactions under supply and demand and the idea of equilibrium under competition; price controls. Change and adjustment under a pricing system. Elasticity of demand and supply. Utility theory.Production function and the law of variable proportions. Cost curves in the short run and long run. The theory of the firm; competition, monopoly and oligopoly. An overview of efficient allocation of resources in a market economy. Factor pricing and the idea of marginal productivity.
ECO221: Mathematics for Economists I(2 credit units)
Sequence; arithmetic and geometric progressions and their applications to accumulations, compound interest, income generation. Investment multiplier and the creation of money. Functions and their graphs; types of mathematical functions; linear, quadratic, cubic and other polynomials, rectangular hyperbola, logarithm and exponential functions. Systems of equations; basic concepts such as endogenous and exogenous variables, coefficients, parameters and equilibrium illustrated by market and national income models. Solutions of simultaneous equations by eliminations and substitution methods. Linear economic models solved by crammers rule and matrix method.
ECO231: History and Structure of Nigerian Economy(2 credit units)
The Nigerian Legal System: Sources of Nigerian Law; Hierarchy of Nigerian Court, Commercial Arbitration. Nature and formation of the contract, conditions, warranties, and representations; ownership and passing of property; duties of the buyer, effect of contract, remedies, special commercial contracts in outline the use of negotiable instruments, e.g. cheques, credit cards, luncheon voucher and fuel vouchers.
ECO241: History & Structure of Nigerian Economy(2 credit units)
Historical background, Structure of the Nigerian economy, the socio-economic and political framework of the Nigerian economy, the structure, organization and performance of important sectors such as agriculture, manufacturing, mining( including petroleum etc) under alternative strategies and policies. The activities of multinational corporations. Income distribution, inflation, BOPs, poverty, etc; economic reforms and its implications for Nigeria.Transportation system and national output; energy and power; development planning and the effects on the structure of the National economy. Structure of Nigeria’s BOP’s problems; Nigerian financial system. Indigenization and import substitution policies.
ACC241: Public Finance(2 credit units)
The public sector environment, the role of government in National Economy, Nature and structure of Government Revenue, sources of federal, state and local governments revenue, revenue allocation principles. The role of revenue mobilization and fiscal allocation commission, nature and classification of public expenditure, fiscal policy and fiscal jurisdiction in Nigeria structure of public debt and debt management strategies, inter governmental fiscal relations in Nigeria, the concept of public-private-partnership, cost-benefit analysis in the public sector, public enterprises, privatization and commercialization, government deregulation policy, the fiscal responsibility act. Borrowing policy and public debts: funded and unfunded debts; external loans: multilateral- IMF, World Bank; Paris Club, London Club, and Bilateral sources; promissory notes and others. Debt Management Strategies: Loans pooling and consolidation; Loan re-scheduling; debt-equity swap; debt forgiveness and others. Principles and practice of federalism: fiscal federalism, fiscal capacity and needs in multi-level government structures. Inter-governmental fiscal relations, Nigeria’s experience with revenue allocation. The theory and practice of grants in relation to State and Local Governments Project appraisal in the Public Sector: cost-benefit analysis; cost-outcome analysis; cost-effectiveness analysis; net present value and internal rate of return; dimensions of project performance such as availability, efficiency, outcome, effectiveness and accessibility.
ACC211: Financial Accounting I(3 credit units)
Partnership: formation of partnership, accounting treatment for admission, retirement, removals and death of partners, revaluation of assets and goodwill on admission, retirement, removal or death of partners, amalgamation and absorption of partnership, dissolution of partnership including piece meal realization and distribution, preparation of partnership final accounts, partnership absorption and amalgamation. Miscellaneous Accounts: Branch accounts including foreign branches - Hire purchase transactions, lease accounts, Consignment accounts, Containers’ accounts, Royalties, Contract accounts, Joint venture accounts, Goods on sales or return, Accounting for stock losses and defalcations, Accounting for the effect of cut-off point on stock valuations and Simple lease account transactions.
ECO251: Human Resource Economics(2 credit units)
The concept of human capital, human resource development, investment in human resources, capital formation and human resources, the role of education sector, man power requirement approach, industrial relations laws in Nigeria, trade union characteristics, industrial disputes and settlements, human resource management outcomes and employment performance and satisfaction, personnel, planning, forecasting and programming career management.
ECO261: Labour Economics(2 credit units)
Basic concepts and scope of labour economics. Nigerian labour forces. Labour markets, labour and productivity. Unemployment and underemployment. Concept of industrial relations. Trade unionism. Collective bargaining. Industrial dispute and settlement. Joint consultation. The state industrial relations.
BSM211: Elements of Marketing(2 credit units)
Introduction: Marketing definition, concept, Evolution, Role and Importance, The Marketing System. The Marketing Analysis: Marketing Environment, Buyer Behaviour, Market Segmentation; Market Measurement and Forecasting; Marketing Research. The Marketing Mix: The Product Concept, Development and Life Cycle; Product Classification and Marketing Strategies, Pricing, Management of the Channels of Distribution. Promotion: Advertising, Personal Selling, Public Relations and Sales Promotion, Marketing of Professional Services. Appraising the Marketing Effort.
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