The purpose of this course is to introduce students to the basic concept of economics, the fundamentals of demand, supply and elasticity’s and the main issues in the theories of production and cost. It also covers the different types of business organizations.

The purpose of this course is to introduce students to economic system. Both pre- capitalist and capitalist economic share studied. This include; Communal, Slave Holding, Feudalism, Capitalism, etc. The major focus is on the basic features of each economic system and a comparative analysis of the different mode of production.

The course reviews the general elements of mathematics with a particular emphasis on topics relating to methods and techniques needed in social sciences. The aim is to equip the students with sufficient tools for analyzing problems. It covers among other things, the fundamentals of operations, equations, graphs and statistics including elementary set theory, permutations and probability.

Definition and scope of statistics are to be introduced to the students. Use of statistics in everyday life, level of measurement in social sciences. Distribution and comparisons. Types and techniques of data presentation. Sources and nature of published statistical data in Nigeria, their uses and limitations.

The purpose of this course is to introduce students to the basic concept of economics, the fundamentals of demand, supply and elasticity’s and the main issues in the theories of production and cost. It also covers the different types of business organizations

Macroeconomic issues of national income, foreign trade, economic policies and some international institutions such as ECOWAS and OPEC are discussed with special reference to Nigeria.

It covers among other things, the Socialist, Islamic and mixed economic systems. Emphasis is on the ownership of the means of production, the relations of production and the contradictions or conflicts within each mode of production and economic problems of society and the approaches for solving them under each of the systems.

The course aims at equipping the students with sufficient tools for analyzing problems in economics. It covers the differentiation and integration, equations factor and factor additions. Measures of central tendency and dispersion.

The course covers some basic concept of statistics, frequency distributions, graphical presentation of data, measure of location and dispersion, elementary probability theory and probability distributions and the essentials of index numbers.

Course Description This course is designed to expose the students to the basic principles of microeconomic theory. The emphasis will be on thinking like an economist and the course will illustrate how microeconomic concepts can be applied to analyze real-life situations.

Course Description This course aims to introduce the students to the basic concepts of Macroeconomics with special reference to the developing economies general and Nigeria in particular. Macroeconomics deals with the aggregate economy. This course discusses the preliminary concepts associated with the determination and measurement of aggregate macroeconomic variable like savings, investment, GDP, money, inflation, and the balance of payments.

This course is an extension of Macroeconomics I. It focuses on domestic economic stabilization, Consumption Theory (Absolute Income Hypothesis, Permanent Income Hypothesis), Monetary and Fiscal Policy with special reference to Nigeria. Elements of Money and Banking and Issues in International Trade and Finance.

The purpose of the course is to provide the student with basic tools, techniques and skills needed in analyzing economic problems. It covers topic on differentiation, integrals maxi and minima logarithms, differential equation, matrix, 1gra and piedmont decision. Emphasis is on the relevance of each topic and its application in analyzing economic issues.

Basic Concepts: Population, Sample, Parameter, Frequency Distribution. Cumulative Frequency. Graphic and Diagrammatic Representation of Data. Techniques of Data collection. Sampling vs. census, primary and secondary Data. Central Tendency and Dispersion: Measures of central tendency. Mean, Median, Mode, Geometric mean and harmonic mean. Measures of dispersion. Range, Mean Deviation, Standard Deviation, Coefficient of Variation, Quartile deviation, Lorenz curve, Sleekness and kurtosis. Correlation and Regression: Correlation- scattered diagram. Coefficient of correlation- Karl Pearson and Rank Correlation. Regression analysis- Least squares method, Interpretation of regression coefficients (two variables only).

This is the continuation of Microeconomics I. It covers 3 sections which are following:
1. The Markets Structure i) Perfect Market Structure, Behaviour of profit maximizing firms and the production process; short run costs and output decisions; costs and output in the long run. ii) Imperfect Market Structure Monopoly and anti-trust policy; government policies towards competition; imperfect competition. 2. Input Markets Labour and land markets - basic concepts (derived demand, productivity of an input, marginal productivity of labour, marginal revenue product); demand for labour; input demand curves; shifts in input demand curves; competitive labour markets; and labour markets and public policy

This is the continuation of math’s for economists I. the derivatives of trigonometric functions, sequences and series expansions are to be taught. Application of partial derivatives, langrangian multiplier, simultaneous linear equation, introduction to linear programming and input- output analysis etc.

Time Series and Index Numbers: Time series analysis- concept and components- determination of regular trend. Index numbers- concept, price relative, quantity relative, value relative. Lapeer’s, Pascoe’s and Fisher’s indices. Family budget method. Problems in the construction and limitations of index numbers. Tests for ideal index number. Probability and probability distributions: probability: concept, Rules of Probability (Addition and Multiplication); Random variables, Mathematical expectation. Theoretical distributions- Binomial, Poisson and normal: their properties and uses.

The course is designed to provide a sound training in microeconomic theory to formally analyze the behavior of individual agents. Since students are already familiar with the mathematical Analysis in the previous semesters, therefore, mathematical tools are used to facilitate understanding of the basic concepts. This course looks at the behaviour of the consumer and the producer and the behaviour of a competitive and Non-competitive firm and also cover the Government Tax and Income Policies and their effects on resource allocation with special reference to Nigeria.

The course is designed to give an idea to the undergraduate students of Economics about the application of quantitative techniques to economic problems particular mathematical aspects. Basic concepts: Variables, Sets, Functions, Equations, Identities, Systems of Equations, Application of Straight-line system, Slope of the Line. Homogeneous function Calculus Concepts of Limit and Continuity and Derivative Rules of Differentiation. Maxima and Minima. Elasticity’s. Equilibrium of a firm and consumer. Interrelationships among total, marginal and average costs and revenues. Integration of a function (introduction only). Matrix and Determinants: Various types of Matrices. Determinants. Inverse of a Matrix. Crammer’s Rule.

The course aims at providing sufficient knowledge on the political Economy of Nigeria, the mode of production and distribution and issues on inflation, trade unionism and employment. Sectoral distribution of income and wealth in relation to revenue generation and allocation are discussed in detail. It covers topics on national economic planning.

The course covers the definition of entrepreneurship, characteristics & philosophy of entrepreneurship, development of enterprises in Nigeria, small business & self-employment, formal & informal sectors in Nigeria and their roles in employment generation. It also covers the historical perspectives: origin, structure, roles and reasons for business failure.

The course focuses on historical economic developments that gave birth to the present industrial and economic growth of the developed capitalist and socialist countries and the contributions or lessons these may provide to developing countries. The historical contributions of Islamic civilization and its impact on subsequent economic developments are also highlighted. Agricultural and industrial revolutions in Western Europe are discussed in relation to territorial expansion through colonization. Alternative models of the socialist economics and the prospects of the newly industrializing developing countries are also covered.

The course introduces students to research in social sciences. It covers the scientific methods of inquiry and formation of hypothesis. Research proposal and design, collection, compilation and analysis of data and ways of making reasonable conclusions from the analysis.

The course covers various aspects of natural resource from definitions, categorization, forms and effects of scarcity to their common property problems. It also discusses market behavior in relation to optimum resource use. The Impact of resource availability on economic growth as well as the Islamic perspective on resource availability and utilization is also included.

The course introduces the classical and neo-classical models the Marxian in analysis and Islamic perspective of labor with a view to providing alternative approaches to the problems of unemployment. It also includes the activities of trade unions and their possible impacts on the demand and supply for labor. Theories of population in relation to supply of labor and its productivity are covered. The Nigeria’s labor market is also analyzed.

This course introduces the students to formal modelling of a macro-economy in terms of analytical tools. It discusses various alternative theories of output and employment determination in a closed economy in the short run as well as medium run, and the role of policy in this context. It also introduces the students to various theoretical issues related to an open economy.

This course focuses on further topics in: Probability: Classical, axiomatic and empirical approach; Theorems of probability; Multiplicative, additive, conditional, total and compound probability, concept of sample space, density function, and distribution function. Probability distributions: Binomial, Poisson, normal, Multinomial and Hyper geometric distribution, Mathematical Expectation, Moment Generating functions. Correlation and regression: divagate and multivariate, fitting of regression by OLS Method, Partial and Multiple Correlation, Correlation ratios, Estimates of Variances of parameters (Nonlinear equations and the estimation of the parameters), Growth curves, Logistic curves and their fitting. Sampling Distribution: Distribution of sample mean, and variances, t-distribution, F- distribution and X2-distribution and their uses. Testing of hypothesis: types of hypothesis, types of errors, power of a test, application of t, F and X2 tests. Analysis of covariance, two-factor and three-factor analysis. Design and Analysis of Variances: R.B.D. with replications, 1.5.Design and ANOVA tests.

The purpose of this course is to acquaint the students with sector at composition of GDP, its growth and an overall performance of Nigeria Economy. Analysis of agricultural, industrial, oil and banking sectors are also incorporated. Issues on international trade and finance and balance of payments problems of Nigeria are well covered.

The course focuses on the introduction of forms of business organizations, sources of finance, constraint of business finance and the environment. It covers the roles of public & private sectors in employment generation in Nigeria, government policies & initiatives towards entrepreneurship development vise: SMEs, NIBD, ACGS, NDE, NAPEP, NACRDB, and Community & Micro-finance Banks

This course introduces students to economic activities in pre-colonial West Africa, the Islamic penetration of the sub-region and the development of political and economic institutions, colonization and the effects of colonial economic policies on West Africa. A comparative study of colonial policies in some sub-regions of the continent is also included. Finally, the economic history of Nigeria provides an insight into the country’s problems of development and prospects for the future.

This course is design to teach students the effects of economic activities on the environment and how the problem can be mitigates. Topics covered include externalities, cost-benefit analysis, and the hazardous industrial wastes, pollution of Air; Water etc. limited economic control by government, case studies to industries in Nigeria.

It covers reading on selected contemporary issues of interest in Islamic Economics. Topics including consumption; production theories; investment theories; Ribah (interest) and Islamic banking; indexation; debt; inequality; growth and development; population; time discounting; stock and commodity markets; Zakat and taxation; monetary and fiscal policies are discussed.

This course is a sequel to Economic Analysis I. The emphasis will be on giving conceptual clarity to the student coupled with the use of mathematical tools and reasoning. It covers theories of models of analyzing Microeconomics problem in developing countries.Specific topics are:

The course covers the Introduction to Econometrics, Simple Linear Regression Model (SLR). OLS estimation, Multiple Linear Regression Model (MLR): two explanatory variables and K explanatory variables, variables Transformations in Regression Analysis, Dummy Variables, Linear Regression Model Specification, Heteroscedasticity, stochastic Explanatory Variables, Simi flameout Equations Models, Maximum Likelihood Estimation. Modeling with Time Series Data, Dynamic processes Models and Forecasting, Time Series Econometrics: no stationary Time Series and panel Data Models. The main software used in the course is Econometric Views (version 3.1 and ones). Spreadsheet Excel is also used in the course. For making class and home assignments the data bases from CBN are going to be used.

It surveys and analyses the various development theories and models. Topics include: Distinction between growth and development; development and underdevelopment. Theories of development: classical, maxi an, Schumpeter and Harrod-Domar; Characteristics of a developing country, obstacles to development and strategies to remove them; labor supply and population growth; Dualism; Balanced and unbalanced growth models, capital formation; International trade; Transfer of Technology, Strategies for developing agriculture and industry and trade.

This course deals with the theories of international trade and payments. Topics include: the comparative advantage theory; factor price equal libation/Wechsler-Ohlin models; unequal exchange; trade and technology; multinational corporations; the terms of trade debate; protection; Economic integration; balance of payments; the two gap models; foreign aid; capital flows; the new international economic order; international monetary and economic organizations (IMFUNCTAD,IBRD,IDB;ECOWAS,etc.).

Topics comprises: Definition and classification of projects and project evaluation including cases involving risk and uncertainty. The project and the overall view of development programmed Data requirement. Location and size of projects calculation of investments required for a project. Appraisal of project from commercial and social view points; cash flow analysis; the applications of problems of project analysis in real world situations are also included.

This course covers the definition, subject matter and methodology of public finance. The concept of the public sector, Government Budgeting Accounting, Fiscal Federalism; Taxation; public Debt and Fiscal policy.

ECO 4399: - (6 Credits Units) Students are required to write an original essay (project) on any topic of their choice under the supervision of a lecturer in the department.

This course is a sequel to Economic AnalysisII. In this course, the students are introduced to the long run dynamic issues like growth and technical progress. It also provides the micro-foundations to the various aggregative concepts used in the previous course.

The course covers the origin, nature and functions of money, types of money and their degree of liquidity; theories of money and inflation in Nigeria, capital & money markets. Demand for and supply of money; others are instruments of monetary policy and their applications and balance of payment problems and adjustment. The origin and development of banking: Central bank, commercial banks and their roles in the Economic Development of Nigeria; Non-banking financial institutions; Nigerian banking system, money and capital markets.

The course focuses the conceptual analysis of the Nigerian economy essential the structure and relations of the Nigerian economy and their evaluation and the main problems and possible methodologies for investigating them. The main topics are: The Agricultural sector, public sector management in Nigerian, Need I and Needs II, seven points agenda, Millennium development goals, Nigerian capital market, foreign aid and foreign investments and balance of payment.

Topics include: Brief history of petroleum exploration in Nigeria; oil production and marketing; Multinational oil companies and Nigerian petroleum industries; OPEC and the International Economic Order crisis and slumps in the petroleum market.

The rationale for planning, origin, types and performance; planning machinery; the planning processes; planning decision models; planning data; objectives and policy formation; planning implementation; Development and Underdevelopment and Economic and non-economic factors in development experiences; Development planning in Nigeria.