CONTENT AND DESCRIPTION OF COURSES
100 level Compulsory Courses:
ECO 112 and 122 – Economic Theory and Principles I & II
As introduction to the various issues, the nature of economic science, the methodology of economics, major areas of specialization in economics, historical development of economic ideas, major findings in the various areas of specialization , elementary principles of Microeconomics and Macroeconomics, current issues of interest and probable future development.
ECO 111 and 121 – Introduction to Statistics I & II
Definition and scope of Statistics, use of statistics in everyday life, levels of measurement in social sciences, Distributions and comparisons, Types and techniques of data presentation; sources and nature of published data in Nigeria and their uses and limitations; methods of data collection – Census and surveys, Population and sample. Measures of central tendency and dispersion; the unit normal distribution. Simple tests of hypotheses; Simple regression analysis; Index Numbers
ECO 113 & 123 – Introductory Math for Economists
Mathematical concepts in the social sciences; set theory; factors and exponents, logarithms and trigonometry, equations, functions and progressions. Coordinates geometry, trigonometric functions and their inverse; inequalities; matrix algebra; differentiation; introduction to calculus; exponential and logarithmic functions; economic application of implicit functions, differential permutations and combinations, etc.
The Essay on Statistic Business
The meaning of statistics to me means, to collect, organize, and analyze a set of information that has been gathered. Though the definition in statistics in our reading material stats that it is the science of data, that involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information. There are a lot of different types of statistics that you can use ...
ACC 111 – Introduction to Accounting (Accounting department)
BUS 112 – Introduction to Business Management (Management Department)
200 level Compulsory Courses:
ECO 211 & 221 – Microeconomics I & II
Microeconomic theory; Problem of scarce resources and allocation of resources in production and factor markets with application to Nigeria and other economies; Equilibrium concepts; possibility of disequilibrium; partial equilibrium and general equilibrium analysis. Supply and demand theories; Cobweb theory; Introductory dynamics; Consumer Behaviour; General equilibrium of exchange; Production theory; Cost curves; Pricing and Output under perfect competition; Imperfect competition; Monopoly and Monopolistic competition; Pricing of production factors; The comparative theory of costs.
ECO 212 & 222 – Macroeconomics I & II
Macroeconomics theory; National Income Accounting; Macroeconomic aggregates; The classical system; The Keynesian system; Monetarist system; Domestic economic stabilization; Monetary and fiscal policies; Price control and Inflation.
ECO 213 & 223 – Mathematics for Economists I & II
The derivatives of trigonometric functions; Sequences and series; Expansions; Taylor’s theorem; Mathematical analysis of basic theories of economics; Partial and total derivatives; differential and difference equations; Application of partial derivatives; Maxima and minima; LaGrange multiplier; Linear algebra; Matrix algebra; Inverse matrix; Simultaneous linear equations; Introduction to linear programming; Input-output analysis; etc.
ECO 214 & 224 – History and Structure of the Nigerian Economy I & II
Analysis of development in the pre-colonial periods with regard to development of economic and social organizations; role of agriculture, industry, monetization and banking, and international trade in Nigerian economic development; Growth of income, employment, wages and prices; Public Development institutions; National income and expenditure; Monetary and fiscal policies; Monetary institutions; Trade; Transport system; Contribution of sectors of the Nigerian economy to national output, relationship between these sectors; Role of national institutions; Economic development and social change.
The Essay on Economic theory of mercantilism
Mercantilism was popular and it was the prevailing economic philosophy in the Great Britain, the Netherlands, Spain, and France from the 16th to the 18th century (Gabay, et al. 2007). Gabay, ET al. asserts that according to the theory of mercantilism, for a nation to become rich and powerful, it needs to export more and import less. This basically meant that a nation on its conquest to grow ...
ECO 215- History of Economic Thought I
Comparative survey and assessment of development in economic thought; Classical economics; Neoclassical school of thought; Positive and welfare schools of economic thought, institutional economics; Keynesian school of economic thought; Evolution and contemporary development of Marxian school of economic thought; Contemporary stage of development in economics and future prospects.
ECO 216 & 226 – Introductory Statistics I & II
The role and significance of statistics in social research; the logic of basic and inferential statistics; Sampling distribution points and integral estimates of parameters; The logic of hypothesis testing; Tests of significance for normal, ordinary, interval, and ratio level; Measures of association for normal, ordinary , interval, and ratio levels; Simple regression analysis; Index numbers; Time series; growth surveys.
ECO 219 – Principles of Finance
The Scope and nature of finance; Major sources of financing for business such as short, medium, and long term sources; Financial ratio analysis; The cost of capital; Dividend policy; Financial planning and control budgeting; Financial markets in Nigeria in both money and capital markets; Capital reorganization/reconstruction; The interest factor in financial decision.
ECO239 – Basic Accounting for Economics
The nature scope and purpose of accounting; Basic financial statements; accounting conventions; Theory and mechanics of double entry book-keeping; Books of original entry; The cash book, the ledger; Classification, recording and summary of business transactions; The revenue accounts and balance sheets of business concerns; The valuation of assets and measurement of business income; The interpretation of accounts; Significant amounting ratios; Source and application of funds statement.
200 LEVEL ELECTIVES
ECO 217 – Theories of Human Resources
Investment in human resources; capital formation and human resources; The role of the educational sector; Manpower requirement approach; Human resource development in both developed and less developed countries.
ECO 218 – Monetary Theory
Framework of Monetary analysis; Is money wealth? Supply of money theories; Wealth effect mechanism of monetary policy and inflation.
The Coursework on Development Theory
This coursework tends to analyze the case why Sally, a certain researcher, seems to lose her working will which caused her to be dull on her job. This paper discusses the applicable development theory which could explain the reason behind her said behavior towards her job. The development perspective or theory which could be applied to Sally’s case is the Contextual theory. Contextual theory ...
ECO 219 – Urban and Regional Economics
The concept of urban economics; Process of urbanization in Nigeria and West Africa; The concept of urban growth – theories, causes, problems and policies; Urban land use and implication for urban development; The private city concept; Industrialization and industry location in Nigeria; Development of slums; Rules of cities in regional planning and development management of municipal solid waste in urban areas.
ECO 231 – Labour Economics
Nature of labour problems in developing countries; labour force- definition and concepts; Determinants of sizes and composition of labour force; Concepts of unemployment; Industrial and occupational distribution of labour force; The formal sector and the modern sector labour market theories; Economics of wage determination, features of Nigeria labour market, Manpower development.
300 LEVEL COMPULSORY COURSES
ECO 311 & 321 – Microeconomics I & II
More advanced and mathematical treatment of microeconomic theory with incorporation of linear programming, advanced price and output determination under perfect competition, oligopoly, monopoly, exchange theory, offer curves and contract curves; Introduction to capital theory and types of production functions.
ECO 312 & 322 – Macroeconomics I & II
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.
ECO313 & 323 – Applied Statistics I & II
Introduction: Production samples and descriptive statistics; Nature and purpose of statistics; Deductive and inductive; Frequency distribution (tables, histogram, frequency distribution, measures of central tendency and dispersion); Probability- definition, conditional probability, independence, dependence and mutual probability; Combination and Permutation; Hypothesis testing; Hypothesis testing and Confidence interval; Type I & II errors; Level of error decision; Regression and correlation; The least square method; Correlation coefficient; Coefficient of determination; Analysis of time series; Moving averages; Estimation of trend; Estimation of seasonal variation; Estimate of cyclical variation; Forecasting; Index numbers; Price relative; Quality and volume relative; Value relative.
The Research paper on Kelson's Pure Theory Of Law
This paper deals with the basic causes of numerous – often extremely negatively intoned – critical estimations said on the account of Kelson’s pure theory of law and exposes essential properties of certain phases of its development; point to the contribution of Merkl and Verdross to the making of pure theory of law and to the main determinants of Kelsen’s attempts to ...
ECO 314 – Econometrics and Research Methods I:
Definition of research, the role of research in development; The uses of different statistical procedures including survey methods, correlation and regression; concepts and use of mathematical methods in research; Operations research; Mathematical economics and mathematical programming; Definition and scope of econometrics; Stages of economic research; Simple linear econometric model and regression; ordinary least square estimator; Multi-co linearity; Auto correlation; Homoscedasticity and heteroscedasticity; and Simultaneous equation models and the two stage least square identification problem.
ECO 315 – History of Economic Thought II:
