Uniben Economics and Statistics Undergraduate Syllabus
100 LEVEL:
1ST SEMESTER
COURSE CODE
COURSE TITLE CREDITS
| ECO 111 | Principles of Economics I (Macro) | 3 | |
| ECO 112 | Introduction to Quantitative Method | 3 | |
| ECO 113 | Introduction to Statistics I | 3 | |
| ACC 111 | Introduction to Accounting I | 3 | |
| BUS 111 | Introduction to Business I | 3 | |
| GST 11l | Use of English | 2 | |
| GST 112 | Philosophy and Logic | 2 |
Two elective courses from any two Departments in the Faculty
2ND SEMESTER:
CREDITS
| ECO 321 | Principles of Economics 11 (Micro) | 3 | |
| ECO 122 | Introduction to Economics History | 3 | |
| ECO 123 | Introduction to Statistics 11 | 3 | |
| ACC 121 | Introduction to Accounting 11 | 3 | |
| BUS 121 | Introduction to Business 11 | 3 | |
| GST 121 | Use of English | 2 | |
| GST 122 | Nigeria People and Culture | 2 | |
| GST 123 | The History and Philosophy of Science | 2 | |
Two elective courses form any two Departments in the Faculty
200 LEVEL
1ST SEMESTER
CREDITS
| ECO 211 | Microeconomic Theory 1 | 3 | ||
| ECO 212 | Economic Statistics 11 | 3 | ||
| ECO 213 | Mathematics for Economists I | 3 | ||
| ACC 211 | Financial Accounting I | 3 | ||
| BUS 211 | Principles of Management | 3 |
Two elective courses from any two Departments in the Faculty
2ND SEMESTER
CREDITS
| ECO 321 | Microeconomic Theory | 3 | |
| ECO 222 | Economic Statistics 11 | 3 | |
| ECO 223 | Mathematics for Economists 11 | 3 | |
| ACC 221 | Financial Accounting 11 | 3 | |
| BUS 221 | Principles of Management | 3 |
Two elective courses from any two Departments in the Faculty
300 LEVEL
1ST SEMESTER
CREDITS
| ECO 311 | Development Economics | 3 | |
| ECO 312 | Monetary Theory | 3 | |
| ECO 313 | Econometrics 1 | 3 | |
| ECO 314 | International Economics | 3 | |
| ECO 315 | Project Analysis and Evaluation | 3 | |
| ECO 316 | Petroleum Economics | 3 | |
| ECO 317 | Macroeconomic Theory | 3 | |
| ECO 318 | Introduction to Research Methods | 3 |
Single Honours Students are required to take the following five
compulsory courses (i.e ECO 311, 313, 315, 317, 318) and any other
two courses. Education and Combined Honours Students must take the
following compulsory courses. ECO 311, 313, 317, 318, and any other
one course.
Total 21
2ND SEMESTER
CREDITS
| ECO 412 | Microeconomic Theory | 3 | |
| ECO 322 | Economic History of Nigeria | 3 | |
| ECO 323 | Economic Development II | 3 | |
| ECO 324 | Introduction to Public Finance | 3 | |
| ECO 325 | Econometrics 11 | 3 | |
| ECO 326 | Applied Statistics 1 | 3 | |
| ECO 327 | Financial Institutions | 3 | |
| ECO 328 | Comparative Economic Systems | 3 | |
| ECO 329 | Introduction to Operations Research | 3 |
Single Honours Students are required to take the following course;
ECO 321, 323, 324, 325, 326, 329 and any other one course. Education
and Combined Honours Students must take the following courses: 321,
323, 324, 325, 326.
Total 21
400 LEVEL
1ST SEMESTER
CREDITS
| ECO 411 | Research Project Original Essay | 3 | |
| ECO 412 | History of Economic Thought | 3 | |
| ECO 413 | Structure of the Nigeria Economy | 3 | |
| ECO 414 | Advanced Macroeconomic Theory | 3 | |
| ECO 415 | Mathematical Economics | 3 | |
| ECO 416 | International Trade | 3 | |
| ECO 417 | Development Planning | 3 | |
| ECO 418 | Economics of Production | 3 | |
| ECO 419 | Industrial Economics | 3 |
Single Honours Students are required to take the following courses:
ECO 411, 412, 413, 414 417, 418, and any other one course.
2ND SEMESTER
CREDITS
| EC0411 | Research Project/ Original Essays | 3 | |
| EC0421 | Advanced Microeconomic Theory | 3 | |
| EC0422 | Applied Econometrics | 3 | |
| EC0423 | International Finance | 3 | |
| EC0424 | Public Sector Economics | 3 | |
| EC0425 | Labour Economics | 3 | |
| EC0426 | Nigeria Public Finance | 3 | |
| EC0427 | Applied Statistics 11 | 3 | |
| EC0428 | Introduction to Marxist Economics | 3 | |
| EC0429 | Managerial Economics | 3 |
Single Honours Students are require to take the following courses:
ECO. 411, 421, 422, 423, 426, 427, and any other course. Education
and Combined Honours Students must take the following courses ECO.
421, 424, 425, 426, and other one course.
9. COURSE
DESCRIPTIONS
ECO 111:
PRINCIPLES OF ECONOMICS 1 (MACRO)
This is essentially an introductory course on the Macroeconomic
aspects of Economic Theory. Topics covered include the subject matter
of Economics and Basic Economic Problems, National Income Accounting
including Elementary Models of Income and Employment, Money and
Banking, Employment and Unemployment, Public Finance including
Government· Budgets, International Trade, Balance of Payments and
Commercial Policies; Development Planning.
ECO 112:
INTRODUCTION TO QUANTITATIVE METHODS
This course introduces students at the Elementary Levels some of the
Quantitative Techniques necessary for the Analysis of Economics.
Topics include Elementary Algebra such as Real Number System,
Indices, Logarithms and Polynomials Monomials, etc. Equations and
Inequalities, Functions and Relations, Elementary Co-ordinate
Geometry, Matrix Algebra, Set Theory, Introductory Growth
Mathematics, Series, Sequences, Progressions, Elementary
Trigonometry.
ECO 113:
INTRODUCTION TO STATISTICS I:
This
is a basic course in General Statistics, with special reference to
the Probability Theory. Topics covered include, Origin and
Development of Statistics, Scope and Limitations of Statistics,
Mathematical Preliminary I, the Set Mathematical Preliminary 11,
Combinatorial Methods, Frequency Distribution Measures of Central
Tendency and Dispersion, Skewness and Kurotosis (including moments),
Probability Theory Distributions, the Bayes Theorem, Mathematical
Expectations (excluding generating functions).
ECO 121:
PRINCIPLES OF ECONOMICS II (MICRO)
This course is a continuation of ECO112, and focuses on Microeconomic
Theory. The topics covered include: Theories of demand and supply and
price formation. The theory of consumer behaviour. The theory of the
firm; theory of costs and theory of production, market structure and
the theory of production.
ECO 122:
INTRODUCTION TO ECONOMIC HISTORY
This course is designed to familiarize students with the history of
human economic struggle. The course traces man's economic experiences
from the period of Palolithic and Neolithic Ages, the River Valleys,
the Greek/Roman Economic Civilization, etc., to the modem day. The
course studies the metals, writing, cultivation of alluvia plains,
etc.
ECO 123:
INTRODUCTION TO STATISTICS II
This programme systematically develops the work covered in the First
Semester up to and including the following topics: the Normal
Binomial and Poison Distribution, Estimation Theory Tests of
Statistical Hypotheses including t-F and Chi-Square Test, Analysis of
Least Squares Method, Correlation and Regression Analysis, Elementary
Sampling Theory and Design of Experiments, Non Parametric Methods,
Introduction to the Central Limit Theory (CLT) and the Law of Large
Numbers.
ECO 211: MACRO-
ECONOMIC THEORY
This course deals at the Intermediate Level with that part of
economics which is primarily concerned with the study of relationship
between Broad Economic Aggregates. Topics to be covered include
National Income (Accounting and Determination), Aggregation Savings
and Consumers Expenditure, Investment Employment, Money Supply, Price
Level, Balance of Payment. The course attempts to explain the
determinants of the magnitudes of these aggregates and their rates of
change over time. It looks at Government Expenditure particularly in
Developing Countries such as Nigeria (Budget), Taxation, Monetary
Policy in determining the General Level of Economic activity under
Static and dynamic Equilibrium.
ECO 212:
ECONOMIC STATISTICS 1
The primary objective of this course is to introduce the students to
Descriptive Statistics and Basic Concepts in Probability Theory. The
Descriptive part includes such topics as the Construction and
Interpretation of Tabular Data, Visual Presentation of Data,
Computation and Interpretation of various Measures of Location,
Dispersion and Price Indices, Probability, Permutation and
Combinations, Conditional Probability, and Bayes Theorem.
ECO 213:
MATHEMATICS FOR ECONOMISTS I
The course deals with basic calculus necessary for analyzing and
understanding many aspects of Economic Theory. A brief review of
Elementary Algebra and Geometry is desirable. Contents include the
Number Systems, Exponents and Roots, Equations, Simultaneous and
Quadratic Equations, Logarithms, Functions of one Variable, Free
Optimization (Maxima and Minima) Functions of Several Variables
Partial Differentiation, Integral Calculus. All topics are to include
Relevant Economic Applications.
ECO 221: MICRO-
ECONOMIC THEORY
The course deals with Micro Economics at Intermediate Level, Theory
of Consumer Behaviour, Utility Approach, Indifference Curve
Approaches. Topics include Consumer Demand, Market Structures Output
and Pricing under various market structures (in Developing countries,
such as Nigeria) Perfect Competition, Monopolistic Oligopolistic,
Theory of Distribution under Perfect Competition. Input Pricing and
Employment under Imperfect Competition.
ECO 222:
ECONOMIC STATISTICS II
This course builds on the Basic Concept of Probability Theory and
introduces the student to Probability Distributions and Inferential
Statistics. Topics include Visual Tabular and Algebraic Derivation
and Interpretation, Computation of Exception and a Study of the
Normal Distribution, and Chi - square Distributions. Topics in
Interval Statistics include Estimations and their Properties,
Confidence Internals and Hypothesis Testing, plus Elementary
Regression.
ECO 223:
MATHEMATICS FOR ECONOMISTS II
This course is an extension of Economics 213, and is in two parts.
The first part completes the course on Calculus by examining function
of several variables; specific topics include Total Differentiation,
Free Optimization of Function of several Variables and Constrained
Optimization- Method of Substitutions Lagrange Multiplier. The second
part of the course concentrates on Liberal Algebra- Vectors and
Matrices.
ECO 311:
DEVELOPMENT ECONOMICS I
An introduction into the study of the Theory of Economic Development
and Growth, emphasis is on factors determining Economic Growth and
Development deriving from relevant Theories and Empirical Studies
Indicating the Role of both the Economic and Institutional Factors in
the Directions and Magnitude of Growth and Development in Developed
and Developing Countries such as Nigeria
ECO 312:
MONETARY THEORY
The course is an Introduction to Monetary Policy. Topics covered
include the Nature, Type of Money, Functions of Money, Demand for and
Supply of Money and Interest Rates. The various Theories of Money,
including Quantity Theory, Liquidity Preference, Portfolio Balance,
Wealth Adjustment and Recent Development in Monetary Thought. Other
topics include Inflation, Stagflation, Trade Cycle Theory and the
Neoclassical Revival in Monetary Policy. Emphasis is on the relevance
of these theories to Nigeria and Africa.
ECO 313:
ECONOMETRICS I
An introductory course on the Mechanics of Regression Analysis. The
Simple Linear Regression Model is introduced along with estimation
using Ordinary Last Squares, Properties of the Estimators including
the Gauss- Markov Theorem, Significance Test, and Extension
Manipulation of the Techniques of Regression Analysis and Obtaining
of Standard
Results. Prerequisites ECO 222
ECO 314:
INTERNATIONAL ECONOMICS
This course is designed to introduce the student to the fundamental
and major Theories of Trade and International Finance. Topics covered
include the Classical and Modem Theories of Trade, Elementary Supply
and Demand, Theory of Tariffs and Trade Restriction, Balance of
Payments, International Institutions in Trade and Finance such as
IMP, IBRD, IFC, OPEC etc, together with Elements of the New
International Economic order as it relates Nigeria.
ECO 315:
PROJECT ANALYSIS AND EVALUATION
The course begins with an introduction to the Scope and Benefits of
Project Appraisal and goes to examine the concept of a project.
Topics covered include the Costing of Projects. Investment criteria
(PV and IRR) measures of Commercial Profitability. The Social cost of
Investment, Assessment of Projects' desirability and success. The
student goes through a rigorous exposure to the tools of project
Appraisal and the difficulties faced with special reference to
Nigeria.
ECO 316:
PETROLEUM ECONOMICS
The course is a general survey of major Types of Energy Resources
including Petroleum, Synthetic Fuel, Hydroelectricity, etc. Specific
topics include, Oil in International Relation, New Word Economic
Order,
Neocolonialism, the big Oil Companies. Structural and Market
Characteristic of the Oil Sector, Types of Energy Sources and their
place in the Economic Performance of Nigeria.
ECO 317: MACRO-
ECONOMIC THEORY
The emphasis of the course is on the Quantitative Analysis of Advance
Macro- Economic topics such as Savings, Consumption and Investment,
National Income Models, the Theory of Price Level, Internal and
External Balance, Economic Growth Theory
ECO 318:
INTRODUCTION TO RESEARCH METHODS
A course in General Orientation to Economic Research, the Scientific
Method as a Basis for Economic Analysis, the Formulation and
Empirical Testing of Hypothesis and Econometric Models,
Interpretation and Presentation of Results, including Appraisal and
Comparison of various Economic Research Techniques.
ECO 321: MICRO
- ECONOMIC THEORY
This course emphasizes the use of Quantitative Methods, the
Scientific Method in Analyzing and Addressing Micro- Economic Topics,
such as the Theory of Demand, Theory of Production, Cost Theory,
Price Theory, Managerial Theories of the Firm, the Behavioural Theory
of the Firm, the Notion of Surplus Values and Profit, General
Equilibrium Theory and Welfare Economics, with particular reference
to Nigeria
ECO 322:
ECONOMIC HISTORY OF NIGERIA
The Economic History of Nigeria could be periodised into three areas:
Precolonial, Colonial and Neo- Colonial. Topics covered include:
Modes of Production, Agricultural, and Industrial Development,
Foreign Trade, Foreign Investment, Development Planning, Foreign
Trade, Investment and Foreign Aid, etc.
ECO 323:
ECONOMIC DEVELOPMENT II
An introduction to the study of economic development of Africa,
Economic Institutions, Investment Problems, Policies and Strategies
related to the Economic Development of Sub-Sahara African Countries,
specific issues would include Agriculture, Industry, Population,
Trade, Income Distribution to the relevance of the thoughts of
Nkrumah, Amin, etc.
ECO 324:
INTRODUCTION TO PUBLIC FINANCE
This is an introductory course and topics covered include Government
Revenue and Expenditure. The criteria for evaluating the issues of
Public Goods and Private Goods, Social Balance, Spill-Over, etc,
Revenue Sharing, Pubic Debt and the application of Preto Optimality
to the issues of Revenue Allocation and Nigeria's experience in the
light of different Revenue Allocation Exercise.
ECO 325:
ECONOMETRICS II
This is a continuation of the First Semester Course on Regression
Analysis. It introduces the Concept of Simultaneous Equations and
their Estimation. The primary objective of the course is to look
closely at the Economic Assumptions made in Econometrics 313, and
provide solutions when there is breakdown. The topics covered are
Heterosoedastity, Auto Correlation, Multi-Collinearly and Measurement
and Specification Errors and Non-normally Distributed Variables. The
course looks at Estimation when there are Errors in Variable. The use
of Dummy Variables as an Explanatory Variables.
ECO 326:
APPLIED STATISTICS
This course is an intermediate treatment of the following topics:
Quality control, Time Series Analysis, Index Numbers (construction
and uses demand analysis), Analysis of Variance (ANOV A) and Analysis
of Covariance (ANACOV A), Design of Experiments and Sample Surveys,
Introduction to Vital and Demographic Statistics.
ECO 327:
FINANCIAL INSTITUTIONS
The course deals with Financial Institutions with particular
reference to Nigeria. Topics covered include Functions and
Organization of Commercial Banks, Credit Creation and Control, Growth
of Banking in Nigeria, Financial Intermediates, Central Bank and
their Relation to other Institutions, International Financial
Institutions such as IMF, ADB, IBRD, IMC, WORLD BANK, etc.
ECO 328:
COMPARATIVE ECONOMIC SYSTEM
This is a survey course that handles basic Theoretical and Conceptual
Issues (Comparison Criteria, Basic Economic Institutions,
Centralization, versus Decentralization, and Ideologies). Then basic
Economic Models, Capitalist Market versus Non Capitalist Market,
Planned versus Command Economic are treated in depth to embody the
Institutional Arrangement in the Contrast of the U.S.A .U.K. Japan,
Netherlands, India and Nigeria. Finally, the Economics of the USSR,
China, Yugoslavia and Hungary are treated following a Development of
the Disciplined particularly, Methodologies are treated in the
context of Contemporary Economic Systems and Nigeria.
ECO 329:
INTRODUCTION TO OPERATIONS RESEARCH
An extensive study of the Principles, Methods and Uses of
Mathematical Programming with particular emphasis in the Formulation
and Solution of Linear Programming Problems. The course will use
examples from Economics Extensively; particularly relating to the
Theory of the Firm. Topics include Linear Programming. The
Transportation Problem, Network Analysis, Critical Path Analysis and
Decision Tress.
ECO 411:
RESEARCH PROJECT ORIGINAL ESSAY
This is a two - semester, double- scoring mandatory course for all
the 400 Level students of the Department. During the First Semester,
students are allocated essentially applied Essay Topics at random
within the General Framework of the entire Departmental Academic
Programme. Consequently, the Essays, beside being as Original as
Possible, must exhibit Copious Application of Economic, Statistical
and Quantitative Techniques of Analysis.
ECO 412:
HISTORY OF ECONOMIC THOUGHT
This is a necessary Pre-condition to affirm grasp of any discipline
the Study of Thought is unquestioned. It covers the Development of
Thought from Plato to Feudalism. It then examines at length the
Mercantilist, the Physoicrat, the Utopian and Scientific Socialist,
and the Classical Schools of Thought. It then goes to study the
Neo-Classical Approach (the Swedish, the Austrian and the Cambridge
Schools). The Keynesian Revolution, the failure of the New Economics
(the 1960 Recession) and the New Left.
ECO 413: THE
STRUCTURE OF THE NIGERIAN ECONOMY
The course looks at the Political Economy of Nigeria. It looks at the
pattern of Agriculture, the Pattern of Industrialization, the
Indigenisation Decree, International Trade, the Balance of Payments
and the Role of Foreign Direct Investment. Others include Mining and
Quarrying, Structure of National Income and Income Policy. Capital
Formation, Monetary and Fiscal System and Development Planning.
ECO 414:
ADVANCED MACROECONOMIC THEORY
This is a course in Advanced Macroeconomic Theory which deals with
the study of the determinants of the Level of Growth, Rate of Income.
Employment and Prices. Topics covered include. Keynesian and
Classical Models, Income Determination in crossed and open Economics
Money Interest and Prices, Growth Theory and Optimal Economic
Policies under Alternative Exchange Rate Regimes.
ECO 415:
MATHEMATICAL ECONOMICS
This course employs the Mathematics Approach for Analyzing topics in
Micro and Macro-Economics. Topics to be covered include the Theory of
Consumer Behaviour, the Theory of the Firm in Perfect Competition,
Market Equilibrium, Imperfect Competition, the Production Function
and Macro-Economic Models, Income Expenditure and their
Determinations.
ECO 416:
INTERNATIONAL TRADE
This course is an Advanced Version of Economics 314. After
Introductory Survey of Smith and Ricardo Theories, the course looks
at the Hecksher-Ohilin Theorem using the Tools provided by the
Edeworth, Bowley Box. It goes on to study Samuelson's Factor Price
Equalization Theorem, the Phenomena of Factors Reversals, and Minha's
ECS Function, Models of Trade and Growth where growth is unspecified,
Rybczynsk’s Theorem, Trade Policies for the 1.D's and the New world
Economic Order
ECO 417:
DEVELOPMENT PLANNING
This course deals in Survey, Theory Principles, Processes, Strategies
of Economic Development Planning. Emphasis will be on Nigerian
experience but useful International and Third World Comparison will
be made.
ECO 418:
ECONOMICS OF PRODUCTION
This course relies heavily on the student's knowledge of Micro
Economics. It centres on the Application of Microeconomic Theory and
Quantitative Techniques to the Production Decisions of Finn. The
course will be subdivided into three sections. Part 1 deals with the
Environment of Business Enterprises. Part II covers Production and
Cost Analysis, part 111 deals with Production Behaviour and Market
Performance.
The topics to be examined in Section 1 include the Dynamic Structure
of Business Enterprise and Decision Making under Risk and
Uncertainty. Section IT covers Production and Cost Analysis,
Principle of Production, Technology of Production Functions, their
Properties and Application, the Application of Linear Programming and
Critical path Analysis to Production Problems. Section III deals with
Production Behaviour and Market Performance. The topics include
Profit Output Decision of Periphery Firms, the Dynamics of Oligopoly
and Monopoly Pricing, Conglomerate Bargaining and Pricing Behaviour.
The Treatment of Multiple Products, Segmented Markets, Transfer
Pricing and Non-Maximizing Behaviour and the Evaluation of Private
and Public Projects.
ECO 421:
ADVANCED MICRO ECONOMICS
The course considers selected topics in standard Undergraduate
Microeconomics in some details, emphasis will be placed on the
Application of Standard Theories, and their extensions to practical
problems. Topics to be covered include Working Tools (Supply and
Demand Analysis ). Preference, Consumption, Demand Equilibrium and
Exchange. The Firm and Industry Factors Markets, Distribution and
Inter-temporal Analysis and Factors Supply, Factor Market
Equilibrium, and Income Distribution.
ECO 422:
APPLIED ECONOMETRICS
The course builds on previous session's work on Regression Analysis.
Topics include Simultaneous Equation, Identification and
Specification of Macro Models, Simultaneous Estimation Method will
include Full Information, Maximum likelihood and three stage Least
Squares. The final topic would be Distributed Lag Models and the
Introduction of the Generalized Least Squares Models.
ECO 423:
INTERNATIONAL FINANCE
This course provides a fairly advanced treatment of the Basic
Elements of International Finance. Topics covered include, the Making
of International Payments and Document of International Finance, the
Foreign Exchange Markets, the Balance of Payments includes Payments
Adjustment and related Policies, the Transfer/Capital Movement,
International Reserves the International Monetary System, the
Euro-Dollar and the Euro Currency Markets as New Economic Order.
ECO 424: PUBLIC
SECTOR ECONOMICS
Definitional problems of the Pubic Sector in the 3rd World form the
starting point of the course. It looks at the State as the Employer.
Arbiter and Guardian at once. The course studies the Bureaucratic
Framework,
how Funds are Utilized and Social Cost of Capital
ECO 425: LABOUR
ECONOMICS
The course can be effectively divided into four parts each of which
can be studied in isolation as well as studied in a continuum, (a)
Theories of Labour Movement (the Liberal, the Marxist and Third World
Schools) (b) Theories of Collective Bargaining (Bicks, Zeultien,
Harsayi, Dunlop, Ross, Ashenfelter, Johnson Hyman) (c) the Notion of
Industrial Democracy (the Scandinavin, the British and the Third
World Experiment). (d) Advanced Treatment of the Theories of
Employment and
Inflation (their Macro Foundation and Micro
relevance).
ECO 426:
NIGERIA'S PUBLIC FINANCE
A course on the Theory of Public Finance and specific issues in
Fiscal Policy and their application to Nigeria. Public Finance and
the Changing Role of the State, Functions of Public Finance and
Fiscal Administration. Tax Incidence, Effects, Equity, Progressively
and Regressively. Deficit Budgeting and Budget Surplus.
Fiscal Federalism and Revenue Allocation in Historical Perspective;
Revenue and Expenditure of Local Government and the Related Fiscal
Production.
ECO 427:
APPLIED STATISTICS II
This Scheme of Work involves a more rigorous treatment of each of the
major aspects covered in part one, including the following:
Psychological and Educational Statistics, Demographic and Health
Statistics, Elementary Stochastic Processes, Multiple Regression,
Advanced Analysis of Variance and Covariance, Simultaneous Equation
Systems (including Stochastic Simulation), Production Function I in
Agriculture, Production Function 11 Industry, Statistical Forecasting
(including Population Projections) Statistical Computing, Decision
Making under Uncertainty, Hypothesis testing.
ECO 428:
INTRODUCTION TO MARXIST ECONOMICS
This course begins with a critique of Classical Economics and
examines the pitfalls of general Equilibrium Analysis before going to
the failure of the new Economics. It then treats topics such as
Labour, Necessary Product, Surplus Product, Exchange and Value
Theory, it examines the Reproduction Scheme, the Concept of Period
Crisis, Monopoly and Regulated Capitalism and possibly Imperialism.
The course looks at the Development of Capital on one hand and the
Contradictions of Capitalism on the other hand. The Underdevelopment
Controversy and Neo-colonialist are also treated.
ECO 429
MANAGERIAL ECONOMICS
The course is an application of Macro Devices like Labour Market,
Aggregate Demand and Competition to Micro - Economic Phenomena like
the Firm. It looks at the Objectives and Motivation of Business
Enterprise, the Market Constraints on the Firm and the Formation of
Prices. On the side of Production it looks at Government Policy,
Finance and Cost. How cost are calculated and transfer pricing. It
then goes on to look at environmental competition, the State Control
and the Multinationals. It looks at the Internal Environment and
Management Information Systems, Management Control System Inflation
Accounting and Attitude of Labour. It applies the same Theory
Approach to Problem Solving and Treats the Decision Theory in the
Light of Post 1970
Critique.
(*) All Courses carry 3 Credits
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