Summary of 300 L First and Second Semester Courses

300 Level

EDS 301- Intermediate Micro-Economic Theory.

More advanced and mathematical treatment of micro-economic 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.

 

EDS 302- Intermediate Macroeconomic Theory.

 Concepts of national income, classical, Keynesian and monetarist systems compared. Problems of Unemployment and Inflation, IS –LM analytical apparatus in discussion, of the relative effectiveness of monetary and Fiscal Policy.

 

EDS 303- History of Economic Thought I

Comparative Survey and assessment in Economic thought. Ideas of the early Christian Fathers, Islamic Ideas on Economic activity. Classical economics, neo-classical economics, Keynesian school of thoughts, evolution and contemporary development of Marxian school of thought, contemporary state of development in Economics and Future prospects. Marginalists and modern school of economic thought. African Economic ideas and future prospects.

 

EDS 304- History of Economic Thought II

The Historical School including Reseler Nies. Hilder and Schmoliory. The breakup of labour theory of value; the Mathematical school including Rossen, Stanley Jevons. Leon Walras and Bohm-Baerl Keynesian and post-Keynesian economic thought. Socialist Economists-Karl Marx, Lenis Engel.

 

EDS 305- Elements of Econometrics

Definition and subject matter of econometrics, model types and their forms. Parameter estimation of models, bivariate and multivariate, linear and non-linear. Models, their variances, covariance and correlation coefficients between the variable. Formulation of generalized linear regression models in independent variables and t-joint observation. Assumption of multicollinearity heteroskedasticity, autocorrelation, Non-stationary and co-integration causes, consequences, test and correction in models. Predictive power and significant tests of models.

 

 

EDS 306- Structure Of The Nigerian Economy

Growth of income, employment, wages and prices. Agricultural and industrial production. Public development institutions. National income and expenditure. Monetary and fiscal policies. Monetary Institutions. Trade. Transport system. Economic development and social change.

 

EDS 307- Comparative development of India and China

Historical and contemporary accounts of the development trajectories of Indian and Chinese economies, polities and societies. Key development issues in both countries in a comparative framework using both historical trajectories as well as current debates on the patterns of long term development in both countries. The lectures focus on the major historical events, movements and shifts in these countries to provide a deeper and broader context to current day development processes. Key issues such as early modern development, colonialism and imperialism, formation of the new nation state and its implications for national development.

 

EDS 308- Financial Organization and Economic Growth

Interaction between financial organizations and accumulation; theory of banking and financial intermediation; consumer credit, corporate spending, public-sector finance and problems of regulation. Emphasis on international, cyclical, and dual (centre-periphery, regulated-unregulated) aspects.

 

EDS 309- Migration, development and environmental change

An overview of migration and its interaction with human development. Traditionally being treated as separate policy portfolios, migration and development are today increasingly viewed through the prism of the many links that exist between these two fields. While development-oriented actions can help tackling the root causes of migratory flows, migration can, in turn, contribute positively to development, including economic growth, social empowerment and technological progress. On the other hand, if not well managed, migration can also pose challenges to a country’s development efforts (e.g. ‘brain drain’ and pressures on urban areas) and individual welfare. The additional challenges of environmental change, mainly due to anthropogenic climate change, to development will be discussed through the lens of population mobility. Migration is increasingly viewed as an adaptation strategy, rather than only as a distress response to disasters and this has important implications for development policy.

 

EDS 310- Research Methodology in Economics and Development Studies

Definition of research; the role of research in development; Development in research methodology, essential features of research work, procedures and stages involved in research proposals and report writing in Economics and Development studies. New developments in research methods in social sciences. Uses of statistical and Econometric methods in research.

 

EDS 311- Applied Statistics II

Probability; random variables, duality functions; distribution theory; Mathematical expectation; Moments and Moment generation function; Multivariate functions; distributions; joint distribution functions, stochastic independence; Linear functions.

 

EDS 312- Applied Statistics II

Estimation(Point and intervals); efficiency and sufficiency of estimators; maximum likelihood estimator; tests of Hypothesis; likelihood test ratio; goodness of fit; contingency tables; regression analysis.

 

EDS 313- Introduction to Public Finance

The development of Nigeria Federal Finance. The main issues in federal finance structure of public revenue. Structure of public expenditure; inter-governmental transfers, regional/state revenues. Problems of public debt in Nigeria; budgetary processes of Nigerian governments.

 

EDS 314- Political Economy

Basic distinguishing features of bourgeois methods of analysis and of dialectical methods. Marxist theory of capital accumulation. Surplus value. Stages of capitalist development; emergence and advancement of capitalism. Metropolitan and satellite economic relations; The struggle against colonialism and neo-colonialism. State of socialist development, emergence and advancement of socialism.

 

EDS 315- Industrial Economics I

Scope, methodology of industrial economics, industrial structure, definitions, problems and measurement theories of the firm; the growth of the firm, diversification and innovation, investment economics, risk, and uncertainty, the cost of capital, sources of finance, industrial pricing and marketing, pricing and marketing public goods, government intervention in industry and public policy, industrial location; industrial practices and policies in Nigeria and factors of fixed investment demand.

 

EDS 316- Industrial Economics II

The case for industrialization; the industrial environment of Nigeria ; the growth and structural changes in manufacturing industries; market structure and conduct of selected manufacturing industries; private and public enterprises in industrial development; the financing and ownership of industrial projects; location of industries and distribution of industries; performance of the industrial sector; Government intervention in the industrial sector.

 

EDS 317- Labour Economics I

Nature of labour problems in developing countries, labour force, definition and concepts, determinations of size and composition of labour force. The informal sector and the modern sector, labour market theories, economics of wage determination, features of the Nigeria labour market theories, economics of wage determination, features of the Nigerian labour market, manpower development.

 

EDS 318- Labour Economics II

labour problem in less developed countries; unemployment; the Nigeria labour market; labour mobility and migration; labour market institution; collective bargaining; manpower policy; manpower planning.

 

EDS 319- Applied Monetary Economics

Framework for monetary analysis, is money wealth? Supply of money theories, wealth effect mechanism of monetary policy, and inflation.

 

EDS 320- Introduction to Operational Research

Definitions, origin, development of operations research, usefulness and limitations, modelling in Operations Research; Decision analysis; Mathematical programming concepts formulation, analysis and application of linear and non-linear programming, Dynamic, integer and goal programming, theory of games; two-person, zero-sum features and limitations; System models – system dynamics, advanced simulation; Queuing Theory and Application: Theory of Stochastic process, Theory of Queues.

 

EDS 321- Mathematical Economics I

Co-ordinate geometry. Basic trigonometry. Trigonometric functions and their inverses. Inequalities,  Limit and Continuity. Calculus. Differentiation. Power exponential and logarithmic functions. Applications. Implicit functions and differential.

 

EDS 322- Mathematical Economics II

Linear and non linear models; static and dynamic model; advanced treatment of input-output analysis; general equilibrium analysis; Mathematical programming; dynamic programming; optimal control theory with emphasis on Bellman and Pantryagin approaches; game theory and application; linear and differential equation system.

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