Courses: 3rd Year 1st sem., B.Sc. Economics
GST311: Introduction to Entrepreneurial Studies(2 credit units)
Some of the ventures to be focused upon include the following: soap/detergent, tooth brushes and tooth paste making; photography; brick, nails, screws making; dyeing/textile blocks paste making; rope making; plumbing; vulcanizing; brewing; glassware production/ceramic production; paper production; water treatment/conditioning/packaging; food processing/packaging/preservation; metal working/fabrication-steel and aluminum door and windows; training industry; vegetable oil /and salt extractions; fisheries/aquaculture; refrigeration/air conditioning; plastic making; farming (crop); domestic electrical wiring; radio/TV repairs; carving; weaving; brick laying/making; bakery; tailoring; iron welding; building drawing; carpentry; leather tanning; interior decoration; printing; animal husbandry (poultry, piggery, goat.); metal craft-blacksmith, tinsmith; sanitary wares; vehicles maintenance and bookkeeping.
ECO311: Microeconomic Theory I(2 credit units)
Theory of consumer behaviour, utility theory; theory of production and costs, production functions types, perfect competition, monopoly, imperfect markets, oligopoly. Cobweb theory. The theory of comparative costs.
ECO321: Macroeconomic Theory I(2 credit units)
The definition and goals of macro-economic; evolution of macro-economic policy; macroeconomic variables and their measurements, economic growth, the theory of investment and stabilization policy( economic policy).
ECO331: Development Economics I(2 credit units)
Some theories of economics development – Classical, Marxian, Schumpeterian, Keynesian, stages of economics development- Rostow, Marx and Khaldun’s view, Lewis’ theory of unlimited supplies of labour, Fei-Ranis theory, Harris-Todaro model of migration and unemployment, Big-push theory,
ECO341: Applied Statistics(2 credit units)
Applications; survey and collection of data. Sample designs, computational design for least squares estimation. Introduction of computer packages for analysis of variance, regression analysis, multiple regression, correlation analysis.
ECO351: Public Economics I(2 credit units)
The concepts of public sector, public policy formulation and analysis. Pricing investment and financing of public sector enterprises. Public policy in Nigeria, the public sector and economic development. Analysis of selected public policies.
ECO361: History of Economic Thought(2 credit units)
The nature of economic knowledge, philosophy and methodology; meaning and significance of history of economic thought. Contemporary crises in economics and revival of interest in the history of economic review and appraisal of Ruhnian notion of paradigm as frame work for studying the history of economic thought. Origin, scope and philosophy of modern economics. Scope and methodology of classical political economy; Adams smith theory of value, Ricardian theory of value, distribution and growth. Origins of modern growth theory and monetary theory. The management revolution and the development of the Neoclassical paradigm. The theory of value and monetary theory. The Keynesian revolution and counter revolution. The integration of Keynesian macroeconomics into neoclassical framework. The evolution of the neoclassical, Keynesian and Marxian derived growth theory. The emergent economic thought from Latin, America, Asia and Africa; the structuralist and dependency paradigms.
ECO371: International Economics I(2 credit units)
Theory of comparative cost, factors proportions, factors prices and comparative advantage, terms of trade, free trade and protection. Theory of unequal exchange and theories of trade. Interaction of economic growth and international trade, tariffs and other restrictions, custom unions, free trade areas and common markets.
ECO381: Population Economics(2 credit units)
Theories of population dynamics. Techniques of forecasting population trends and changes in demographic patterns. Methods of data collection of population. The relationship between population and economic development and growth. Effect of sharing political and economic benefits based on population size. Quality of life associated with population changes.
ECO391: Urban and Regional Economics(2 credit units)
The composition and distribution of cities, their social and economic change. Characteristics in Nigeria. The rise of cities, Nigerian urban distribution, location and growth of cities and major metropolitan regions with their various economic developments. The concept of regional growth theory, and regional growth analysis, the concept of a national resource, mobility of capital and inter-regional migration, and the integration of regional and urban economics, the concepts of regional dispersion of growth, the inter regional concentration and urban decentralisation.
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