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200 LEVEL

EDS 201- Introduction to micro- Economics

Introduction to Economics -  Scope and methodology, Microeconomic theory- Price theory and the function of the market system; Demand and Supply; elasticity; Consumer behavior; The theory of Production; the costs of Production. The revenue plan of the firm;  Market Structures that is, Perfect Competition, Monopoly; Monopolistic Competition; Oligopoly. The Theory of Distribution; Wages, Rent, Interest, Profit.

 

EDS 202- Introduction to macro- Economics

National income accounting; the Circular Flow of Incomes, National Income Analysis; Money and the Monetary System; International trade and Payment. Element of Public Finance

 

EDS 203- Mathematics for Economists 1

The nature of Mathematical Economics; Economic models; Equilibrium Analysis in Economics; Linear models and matrix Algebra; Comparative Statistics of the concepts derivatives, rules of differentiation and integration in Comparative Statics: Comparative Static functional models: Experimental and logarithmic functions optimization.

 

EDS 204- Mathematics for Economists 11

Economic dynamics and integral calculus and its applications: First Order differential equations and its application dynamics and stability of equilibrium and simultaneous equation dynamic models: Linear Programming: Game Theory.

 

EDS 205- Globalisation, Business and Development

Examination of the possibilities for "catch-up" in developing countries at the level of the large firm. Analysis of the relationship between globalizing large firms and the small and medium-sized enterprises that compose the rest of the global value chain. A combination of theoretical and macro-level analysis with detailed empirical analysis of global change in a series of sectors: aerospace, pharmaceuticals, complex electrical equipment, autos and auto components, oil and petrochemicals, steel, mining, financial services, and IT. In-depth case studies from large firms from developing countries.

 

EDS 206- Economic Anthropology and Development

The course focuses on development-related themes from a global perspective: development is not simply a 'Third World' concern, and covers three central areas: i) critiques of development policy and practice; ii) impacts of social, economic and political transformation; iii) the contributions and roles of anthropology. Specific subjects for study include: theoretical bases of development policy; gender and non-capitalist models of development; development policy and practice; privatization; technology and indigenous technical knowledge; land use; environment and ecology; the implications of politicized anthropology and advocacy; discourses of participation and empowerment. The course also focuses on child welfare issues and services of relevance to development policy.

 

EDS 207- Philosophical Issues in Economic Development

Debates about happiness, fairness, equality and freedom in relation to human welfare; rival perspectives on rational choice, a core economic concept; and ways of trying to judge the acceptability of competing theories about economic systems.

Topics include: happiness measurement and the pros and cons of a utilitarian position on policy options; other theories of social choice, drawing on rights and needs, including Rawls’ justice account and Sen's capabilities framework; whether or not there is a conflict between seeking equality and pursuing freedom; limitations of the rational self-interest assumption and how to treat altruism and charitable aid; the significance of bounded and twisted rationality and of irrational exuberance; the case for and against using assumptions, as economists frequently do, that are not strictly true; skepticism, induction, refutation and paradigms; and how satisfactorily facts can be distinguished from values. The focus will be on weighing up grounds for alternative points of view; and the approach involves analysis of often quite short extracts from the work of leading authors (e.g. Williams, Rawls, Dasgupta, Broome, Keynes, Friedman, Popper and - most often - Sen).

 

EDS 208- Justice and development

Comparative perspectives on a number of key issues relating to justice in the broad context of development. This will be primarily from the standpoint of those concerned with legal justice, but will properly comprehend relevant moral, social, economic and political considerations. It will also have regard to the institutions and instrumentalities of justice and in particular deliverability of justice in developing, smaller and transition economies. While no prior knowledge of any law or legal system is required, the course aims to provide those taking it, with the ability to identify and analyze important issues relating to justice and thereby foster greater understanding of the role of law and legal institutions in society.

While the context is legal, no prior knowledge of law or its institutions is required or expected.

 

EDS 210- Economic History

The conditions of Economic progress in Britain, Western Europe and USA in the eighteenth and nineteenth centuries. The causes and effect of Population Growth. Technical change in industry, Agriculture and Transport. The mobilization of capital and labour. The further spread of industrialization, economic growth in Russia and Japan since 1860. The world economy in the last 100 years. Economic changes in Africa during the last 100years, with particular reference to Nigeria. Colonial economic Policies.

 

EDS 212- Introductory Applied Economics

The application of Economic principles to developed and developing countries with special reference to the development problems of less developed countries, especially Nigeria. Economic and non economic factors in development: comparative economic system; the characteristics of a developed economy and under developed economy contrast. Planning the development process; Rural Development issues and problems; Agricultural Development: Transportation problems; Trade and development, Balance of Payment Problems and commercial policy; economics of aid and private foreign investment; Global interdependence and the international economic order.

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