Postgraduate School
Department of Economics Master of Science in Economics
M.Sc. Economics
List of Academic Staff
| Name | Status & Qualification | Research Interest(s) | |||
| S.B.Akanbi | Reader &Ag. Head of Department, B.Sc. (UDUS, Sokoto); M.Sc., Ph.D. (Ilorin) | Monetary Economics | |||
| A.Jimoh | Professor B.Sc. (ABU, Zaria); M.A. (Ontario); Ph.D. (OAU, Ile-Ife) | International Finance, Monetary Economics | |||
| G.T.Arosanyin | Professor B.Sc.,M.Sc.(ABU, Zaria);Ph.D.(OAU, Ile-Ife) | Transport Economics | |||
| G.T. Ijaiya | Professor B.Sc.,M.Sc.(Jos);Ph.D.(UDUS, Sokoto) | Development Economics | |||
| R.A.Bello | Professor B.Sc.,M.Sc.,Ph.D.(ABU, Zaria) | Health Economics | |||
| A.A.Kilishi | Reader B.Sc.(Ilorin);M.Sc.,Ph.D.(Ibadan) | Institutional Economics | |||
| A.T.Yakubu | Senior Lecturer B.Sc. (Ilorin); (Ilorin) | M.Sc. | (Ibadan); | Ph.D. | Transport Economics |
| M.A.Yaru | Senior Lecturer B.Sc.(Ilorin);M.Sc.(ABU,Zaria);Ph.D. (Ilorin) | Public Finance, Development Economics | |||
| I.A.Abdulrahman | Senior Lecturer B.Sc.,M.Sc.(Maiduguri);Ph.D.(Ilorin) | Development Economics | |||
| A.F.Oshodi | Lecturer I B.Sc.,M.Sc.(Lagos);Ph.D.(Ilorin) | International Trade | |||
| D.S.Oyerinola | Lecturer I B.Sc.,M.Sc.,Ph.D.(UDUS,Sokoto) | Development Economics | |||
| H.A.Yusuf | Lecturer II B.Sc. (Ed)., (Mamaysia) | M.Sc. | (Ibadan); | Ph.D. | International Trade |
| M.A.Alabi | B.Sc.,M.Sc.,(Ilorin);Ph.D.(Colombo) | Monetary Economics | |||
| G.O.Olasheinde | B.Sc.(Oyo);M.Sc.,Ph.D.(Cyprus) | Development Economics | |||
| F.M.Ajide | B.Sc.(Ilorin);M.Sc.,Ph.D.(OAU,Ile-Ife) | Financial Economics | |||
| M.O.Bello | B.Sc. (Ilorin);(Malaysia) | M.Sc. | (Lagos); | Ph.D. | Energy Economics |
M.Sc. degree in Economics has been carefully designed and structured to enable the students acquire sound academic training that will make them academic scholars and practitioners who will contribute their quotas towards sustained economic growth and development.
Philosophy
The philosophy of the Programme (M.Sc.) in Economics is targeted at producing a steady flow of high skilled manpower who is well equipped to make outstanding contributions to Economics in a globalised world. It is hoped that graduates of the programmes would readily meet the manpower needs of universities, research institutes, public and private organisations.
Aim and Objectives
The aim of the programme is to produce high skill manpower that would be able to study, analyse and proffer solutions to economic problems.
The objectives of the programme are to:
Develop highly competent and versatile teachers, researchers, consultants and professionals in economics through the provision of relevant academic courses which are required in other to meet the development challenges of the Nigerian economy in the context of globalization. Train high caliber manpower for the Nigerian economy and promote the spirit of self- reliance.
Admission Requirements
Candidates must have at least five O’level credits in: English Language, Mathematics, Economics, one social science subject and any other subject. Candidates must possess bachelor‘s degree from a recognized university and must obtain a minimum of second class lower division in their fields or related disciplines.
Duration of the Programme
A full time Master‘s programme shall run for a minimum of 18 months and a maximum of 24 months.
For extension beyond the specified maximum period, a special permission of the Board Postgraduate School shall be required on the recommendation of the Department.
Detailed Course Description
ECN851 Advanced Micro economics I 3Credits
Welfare economics and general equilibrium with applications to public finance and International trade; Models of the consumer optimum; Laws of demand; Empirical demand analysis; Duality and welfare change; Uncertainty and market equilibrium.45h(T);C
ECN852 Advanced Micro economics II 3Credits
Firm objectives under uncertainty; Profit-maximizing behaviour of the firm; Alternative criteria for the firm; Theories of corporate growth; Production theory and the stock market; Factor demand and supply in the short and long run; Public policy and the corporation.45h(T);C.PR:ECN851
ECN853 Advanced Macro economics I 3Credits
Models of aggregate demand; Consumption function: Keynes and Friedman. Empirical evidence and reconciliation of short and long-run results; Models of investment behaviour; Models of aggregate supply; Production and employment sector; Monetary sector; IS/LM model; Theories of inflation; Alternative theories of interest rates.45h(T);C
ECN854 Advanced Macro economics II 3Credits
Recent research in macroeconomic model-building; Expectations formation and its role in macroeconomics; Models of income fluctuations and trade cycles; Reviews of empirical evidence on factor shares in national income; Theory of macroeconomic policy; Capital theory.45h(T);C.PR:ECN853
ECN856 Quantitative Methods 3Credits
Aspects of linear algebra; Differential and difference equations; Integral calculus methods; Further expansions in series; Sampling methods; Statistical inference. 45h (T); C
ECN857 Theory of Econometrics 3Credits
Review of ordinary least squares regression and analysis of variance; Generalized least squares in autocorrelation and homoscedasticity; Methods of estimation of lagged models;Simultaneous equation models and methods; Simulations and tracking; Evaluation of the forecasting power and stability of a model.45h(T);C
ECN858AppliedEconometrics 3Credits
Static single and multiple equations; Demand analysis; the consumption function and the production function; Measurement problems: the permanent income hypothesis and technical change; Dynamic single equations: the investment function; Dynamic simultaneous equation models: wage-price models; Simulation and policy applications.
45h(T);C.PR:ECN857
ECN861 Theory of Public Finance 3Credits
Market failure and resource allocation; Collective choice and social welfare; Cost- benefit analysis of public projects; Taxation and factor supply; Taxation and resource allocation; Distributional effects of fiscal measures; Fiscal measures and macro-economic stabilization; Principles of optimal taxation; Optimal size of the public sector.45h(T);E
ECN862 Intergovernmental Fiscal Relations 2Credits
Optimality of decentralized government; Optimal size of state and local government; Distributional functions in a federalism; Externalities and the possibility of over-supply of local public goods; Rationale for grants to states and local governments; Revenue allocation to state and local governments; State and local government finances.30h(T);E
ECN863 Public Enterprise Pricing 3Credits
Welfare basis of marginal cost pricing; Problems with marginal cost pricing; Peak- load pricing. Effects of capacity and capital indivisibility constraint; Monopolistic pricing; Effects of regulatory constraints; Pricing of exhaustible resources; Distributional equity and optimal pricing rules; Analysis of the pricing policy of some public enterprises in Nigeria.45h(T);E
ECN864 The Economics of Social Security 2Credits
Causes and measurement of poverty and income inequality; Private security Systems; Rationale for social security; Methods of income distribution: cash vs kind; Tax vs non-tax measures; Contributory and non-contributory social security schemes; Pension schemes; Social security systems in Nigeria: National Pension Scheme; Problems confronting redistributive programmes.30h(T);E
ECN866 Monetary Theory 3Credits
Money supply: the multiplier and flow-of-funds approaches; Money demand: micro-and-macro perspectives; Short and long-run demand for money; Empirical verification of money supply and demand for money in Nigeria; Money, inflation and growth.45h(T);E
ECN867 Monetary Policy 3Credits
Objectives and instruments of monetary policy; Policy under uncertainty; The permissive role of money; Monetarism with emphasis on Friedman. Exchange rate analysis; Transmission mechanism of monetary policy into the real sector; Traditional and buffer-stock approaches; Monetary policy in LDCs.45h(T);E
ECN868 Financial Institutions 3Credits
Money market; Capital market; Central banking; Theories of commercial banking; Rural Banking/ Microfinance; Banking institutions in Nigeria; International financial institutions; Impact of IMF stabilization programmes on LDCs; Nigeria and the IMF.45h(T);E
ECN871 Economics of Industrial Production 3Credits
Basic concepts; Production planning; demand forecasting and determination of input requirement and procurement; Industrial location and plant layout; Cost control; Inventory management; Production control: linear programming and critical path analysis; Method analysis and work measurement; Incentive plans; Problems of industrial production in Nigeria.45h(T);E
ECN872 Labour Economics 2Credits
Labour market models; Institutional forces in the labour market; Internal labour market; Demand for labour; Labour supply: individual and household; Labour mobility, wage determination and wage structure; Economics of trade unions.30h(T);E
ECN873 Industrial Relations 2Credits
Basic concepts; Management functions and styles; Organizational objectives; effective bargaining; conflict management and grievance procedure.30h(T);E
ECN874 Nigerian Industrial Structure 3Credits
Patterns of industrial location; Industrial growth: output structure, sources of inputs and the cost structure; Input-output analysis; Price formation and price trend; Industrial rankings: ownership and employment structure; Market concentration; Vertical and horizontal integration; Industrial performance.45h(T);E
ECN 876 International Trade Theory 3 Credits
Comparative advantage theory and empirical tests; Vent for surplus basis of trade; Trade and economic growth through factor accumulation and technical progress; International economic order, International commodity agreements; Trade in factor inputs. Multi-national corporations.45h(T);E
ECN877 International Commercial Policies 3Credits
Partial and general effects of commercial policies; Implicit tariffs: commercial policies and market imperfections; Theory of customs union; Major economic integration in the world: EEC, LAFTA, ECOWAS etc.; Major non-monetary organizations: ECA, GATT, UNCTAD, OECD, OPEC and Lome conventions.45h(T);E
ECN878 International Finance 3Credits
Balance of payments, International currency markets: spot and forward markets; Exchange rate systems: including Nigeria‘s purchasing power parity; Balance of payments policies: including Nigeria‘s maintenance of internal and external balances; Assignment problem; Optimum currency areas: international areas; International monetary systems and proposals for reform.45h(T);E
ECN881 Theory of Economic Growth 3Credits
Growth theories: Harrod-Domar; Kaldor; Neoclassical; induced innovation; growth and technical progress; State theories: balanced and unbalanced growth; Economic dualism.45h(T);E
ECN882 Economic Development 3Credits
Conceptual and measurement problems; Development theories: role of internal and external factors for influencing development in LDCs; General requirements of development; Obstacles to development; Trends in development in some LDCs; Economic development in Nigeria.45h(T);E
ECN883 Economic Planning 3Credits
Nature and logic of planning; Special features of development planning models; Case studies of planning drawn from the Soviet and Western European experiences; Development planning in Nigeria.45h(T);E
ECN884 Health Economics 3Credits
Nature and scope of Health Economics; Demand and supply of health care services; Costing and pricing in health sector; Health planning and policy; Other health-related issues in the developing countries.45h(T);E
ECN885 Transport Economics 3Credits
Nature and scope of Transport Economics; Demand and supply of transport; Pricing and costing in transport; Investment appraisal in transport; Transport data generation; Transport planning and policy; Economics of transport safety; Transportation issues in the developing world: Nigeria.30h(T);45h(P);E
ECN886 Social Research Methods 2Credits
Research problem formulation; Data collection techniques; Survey designs; Sampling techniques; Questionnaires design and data analysis.30h(T);45h(P);C
ECN889 Graduate Seminar 2Credits
Each student is expected to present one or two papers in this course for assessment. Such an assessment will be based on the quality of paper(s) presented. 30h (T);C
ECN839 Research Project 5Credits
Each student shall submit a research report on a topic approved by the department.225h(P);C
Graduation Requirements
The candidate is expected to pass all core courses listed below:
Core Courses: ECN851(3),ECN852(3),853(3),854(3),856(3),857(3),858(3),886(3),889(2)and 839(5) =31Credits
Total of Core courses = 31Credits
Elective Courses: At least 1of any Elective courses mounted at any Session 2/3credits
Summary
To be awarded Master of Science (B.Sc.) Degree in Economics, a candidate must pass a minimum of 33 credit units made up as follows:
Core Courses minimum of 31Credit units.
Elective Courses minimum of 2/3Credits units.
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