Courses: 3rd Year 2nd sem., B.Sc. Economics
ECO312: Microeconomic Theory II(2 credit units)
General equilibrium and welfare economics, linear programming, introduction to capital theory, theory of distribution and partial equilibrium.
ECO322: Macroeconomic Theory II(2 credit units)
Concept of national income, classical, Keynesian and monetarist systems compared. Problems of unemployment and inflation, IS-LM analytical apparatus in discussion of relative effectiveness of monetary and fiscal policy.
ECO332: Development Economics II(2 credit units)
Growth model- Harrod-Domar Models, Kaldor Model of distribution, Solow model of growth, Mahalonobis model, two-gap model and cost-benefits of foreign aid, the new endogenous growth theory, debt problem of LDCs, FDI, deficit financing as an instrument of economic development, policy issues-industrialisation, SAP, PTF, MDGs, NAPEP, NEEDs, privatisation, deregulation and commercialisation, NV20:2020 and case studies.
ECO342: Introductory Econometrics(2 credit units)
ECO352: Public Economics II(2 credit units)
Techniques of public policy analysis; efficiency criteria for public policy options evaluations, cost – utility techniques, costs and benefit measurement; decision analysis; preference and uncertainty; social impact and research; social indicators; practical application.
ECO362: Introductory Monetary Economics(2 credit units)
The nature and functions of money. Kinds and importance of money. Monetary standards. The money supply process. Demand for money. Rates of interest. Major issues in the theory of money. Monetary policy. The effectiveness of monetary policy. Inflation. Monetary approach to balance of payments. International monetary systems. Demand for money ; the Nigerian experience. Banking in the Nigerian context. Monetary policy in the Nigerian experience. A critical review of neoclassical monetary theories.
ECO372: International Economics II(2 credit units)
Movement of factors, international capital flows, their causes and consequences, Income price and exchange rates, Multinational corporations: International liquidity and international institutions, IMF, IBRD, GATT, etc. Foreign debt problems of developing countries, Nigeria debt problem.
ECO382: Research Method(2 credit units)
Introduction to research method in social science. Research and the research process, types of research. Research methods and procedures; definitions of research problems, critical evaluation of the research problem stating the research objectives, getting the appropriate research methods and procedure, conducting the research study, collation, analysis and interpretation of results.
ECO392: Financial Management & Institutions(2 credit units)
Theories of finance and management. Finance management decision in an industry. Portfolio analysis and management. Company profitability analysis. Interpretation of company accounts, measurement of liquidity and profitability. Capital structure analysis of companies. Effects of inflation on premiums and profits, analysis of investment behaviour of companies, measurement of pension performance. Corporate finance planning and control. Intercompany comparisons. Money and capital markets. Commercial banking in Nigeria. The operations of Nigerian commercial banks. Banking practices; sources and uses of funds. Indigenization of Nigerian banking. Other financial institutions such as the Nigerian money market, the stock exchange, etc, relation of national monetary and credit institutions to the international system.
BSM362: Interest Free Banking(2 credit units)
Money and banking in an Islamic economy. Monetary and fiscal structures for an Islamic economy - Institutions and policy. Elimination of interest from the economy. Islamic banking Vs. Interest free banking. Organization and operation of Islamic banks: principles and profile of Islamic banking. Organizational and operational variations of such banks in Islamic and interest charting economics. Process of credit creation. Central banking operations. Central banking system in an Islamic economy: Role of Central Banks in promoting Islamic and interest-free banks in non-Islamic economics. Case studies Islamic and interest-free banks. Islamic banking as practiced now in the world. Interest-free banks in other economies. Prospects of Islamic banking in Nigeria. Principles and practice of Islamic Development Bank.
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