3rd Year Courses

ECO 301: Intermediate Microeconomic Theory I

Advanced and mathematical treatment of the theory of consumer behaviour Revealed preference theory Calculation of income and substitution effects Calculation of compensating and equivalent variations...

ECO 302: Intermediate Microeconomic Theory II

Utility maximization under uncertainty Attitudes to risk Coefficient of absolute risk aversion Certainty equivalence Fair insurance Intertemporal utility maximization Market failures Asymmetric information Principal-agent problem...

ECO 303: Intermediate Macroeconomic Theory 1

Concept of National Income Classical, Keynesian, and Monetarist systems compared Theories of consumption and investment Income determination Equilibrium in commodity market Equilibrium in money market...

ECO 304: Intermediate Macroeconomic Theory I1

Aggregate demand and aggregate supply and economy-wide equilibrium Simultaneous equilibrium in commodity and money markets The IS-LM analytical apparatus in the discussion of relative effectiveness...

ECO 311: History of Economic Thought I

A broad survey of the main schools of economic thought from the Orients to the scholastics The mercantilist doctrine and the bullionists Physiocracy and the...

ECO 312: The History of Economic Thought II

The rise of the marginal school: Gossen and Stanley Jevons The marginalist revolution: the Austrian School and J.B. Clark The place of Marshall, Pigou, Keynes,...

ECO 322: Management Accounting

Nature and scope of managerial accounting Management’s use of accounting data Inventory control Capital budgeting Elements of cost accounting: materials, labour, and overhead cost accounting...

ECO 324: Financial Markets and Institutions

The structure of a financial system Definition of financial institution Financial Markets: functions and structure Debt and equity markets Primary and secondary markets Exchange and...

ECO 325: Public Sector Economics I

Nature and structure of the public sector Public sector in Nigeria Public goods and their economic analysis Free rider problem Externalities Concept of market failure...

ECO 326: Public Sector Economics II

Government budgeting: the budget cycle, functions, and development of modern budgeting Control of government expenditure The role of ministries, departments, and agencies (MDAs), treasury, the...

ECO 331: Introduction to Econometrics I

Nature and scope of econometrics Stages in econometrics research Revision of correlation analysis Ordinary least squares (OLS): basic assumptions of classical linear regression models Simple...

ECO 332: Introduction to Econometrics II

1.Treatment of major econometric problems with emphasis on causes, consequences, detection, and correction: Autocorrelation Heteroscedasticity Multicollinearity Identification problem Dummy variable regression models Distributed lag models...

ECO 333: Operations Research

Introduction to operations research Solving operations research models Phases of an operations research model Linear programming models: graphical and algebraic methods Classical optimization problems: constrained...

ECO 334: Mathematical Economics

Applications of optimization techniques to the analysis of monopoly behaviour: Multi-plant monopoly problem Multi-product monopoly problem Game theory and applications to analysis of oligopoly models...

ECO 341: International Economics I

Theories of international trade: Comparative advantage theory Factor proportions theory Alternative theories of international trade Static and dynamic gains from trade Empirical testing and policy...

ECO 342: International Economics II

Balance of payments: adjustment mechanisms Foreign exchange market and balance of payment policies Fixed and flexible exchange rates Exchange control and convertibility International liquidity and...

ECO 351: Demography and Population Economics

Introduction to the concepts of population and demography Methods and theories of demography Introduction to population studies: understanding the causes, mechanisms, and consequences of demographic...

ECO 361: Development Economics I

Nature and origin of development economics Development problems The new economic views of development Growth versus development Multi-disciplinary view of development and development economics Three...

ECO 362: Development Economics II

Long-term structural changes associated with development Growth and structural change: theories and implications One-sector models: Harrod–Domar model Two-sector models: Lewis dual-sector model Comparison with Fei-Ranis...

ECO 363: Political Economy

Basic distinguishing features of the bourgeois method of analysis and the dialectical method Historical materialism Classification of social systems Theory of social classes Marxist theory...

ECO 391: Research Methods in Economics I

The concept of research: types of research Choice of research topic Format for presentation of research report in economics: Designing the content of a research...

ECO 392: Research Methods in Economics II

Models in economics: meaning, types, specifications, and application Basic elements of economic model building Factors affecting choice of models Regression analysis Causality analysis VAR (Vector...