Brief History

          Economics Department was established in the year 2002 out of the present Business Education Department to supplement the Economics Teachers requirements of the State in particular and the nation at large. The Department started with only six (6) members of staff but at present has twenty -one (21). Economics is at present being combined with the following subjects-  Geography, History, English, Islamic Studies and Social Studies among others.

PHILOSOPHY

Economics is a subject that is desired by all citizens either as producers or as consumers so that they would acquire knowledge of the economic system and how to work. The insight derivable from the study of economics not only frees the minds of the recipients from the shackles of destiny and chance events but also equips them with solutions to problems of our country. Further, it enables the development of critical thinking required for making logical contribution towards economic growth and development.

OBJECTIVES

The teaching of Economics in secondary schools should achieve at least four main aims:

  1.  Prepare recipients for good citizenship
  2.  Provide intellectual training which would create critical thinking
  3.  Prepare recipients for vocation
  4. Acquisition of economic competence

In order to produce teachers who would ensure that these aims are achieved, the NCE programme should:

1) Train teachers who have acquired in-depth knowledge of economic theory and applied economics to be able to appreciate economic problems;

2)  Produce teachers who have acquired adequate professional skills to be able to organise and teach economics at the secondary school level in Nigeria;

3)  Prepare teachers who would be able to undertake further education in economics or related areas of study;

4)  Produce teachers who have acquired economic skills and abilities and are able to apply them to their daily activities.

ADMISSION REQUIREMENTS

General

  1. A Senior Secondary School Certificate (SSSC) or G.C.E. O’ Level with passes in four subjects which must be at credit level in the same sitting or at two sittings. Two of the credits must be relevant to the course the candidate wishes to offer. Credit in English and Mathematics are required.
  2. A Grade II Teacher’s Certificate with credits or merit in four subjects, two of which must be relevant to the course the candidate wishes to offer. Credit in English and Mathematics are required.
  3. Successful candidates in the Pre-NCE final examinations organized by the College with a CGPA of 2.0.
  4.   All candidates wishing to be considered for admission must enroll for and write the selection examination organised by an accredited body such as JAMB.
  5. Pass the College Screening tests or interviews.

          Economics is a subject that is desired by all citizens either as producers or as consumers so that they would acquire knowledge of the economic system and how it work. The insight derivable from the study of economics not only frees the minds of the recipients from the shackles of destiny and chance events but also equips them with solution to problems of our country.  Further, it enables the development of critical thinking required for making logical contributions towards economic growth and development.

Courses offered in the Department

NCE I First Semester

Code Title Credit Status
ECO 111 Principles of Economics 1 2 C
ECO 112 Introduction to Mathematics for Economics 2 C
ECO 113 Introductory Statistics 1 1 C
  TOTAL 5 Units

NCE I Second Semester

ECO 121 Principles of Economics II 2 C
ECO 122 Public Finance 1 1 E
ECO 123 Introductory Statistics II 1 C
ECO 124 Introduction to Business Finance 1 E
ECO 125 Introduction to Accounting 2 C
  TOTAL 7 Units

NCE II First Semester

ECO 211 Micro Economics 1 C
ECO 212 Money and Banking 2 C
ECO 213 Economic Methodology 2 C
ECO 214 Research Methods 2 C
  TOTAL 7 Units

NCE II Second Semester

ECO 221 Macro-economics 2 C
ECO 222 Introduction to Business Economics 1 E
ECO 223 Economics of Production 2 C
ECO 224 Structure of the Nigerian Economy 2 E
ECO 225 Development Economics 2 C
  TOTAL 7 Units

NCE III First Semester

EDU 311 Teaching Practice   6 units C
EDU 323 Project 2 C

NCE III Second Semester

ECO 321 Applied Economics 2 C
ECO 322 International Economics 2 C
ECO 323 History of Economic Thought 1 E
ECO 324 Labour Economics 1 E
ECO 325 Human Resources Development 2 C
  TOTAL 8 Unit

Minimum Credits Required for graduation in Economics

Compulsory Courses- 29 Units

Elective Courses   – 6 Units

Education courses          30 Credits.

General Studies courses 18 Credit’s.

Second Teaching Subject 32 credits

Total                    – 118 Units

COURSE DESCRIPTION

ECO 111 Principles of Economics I (2 Credits) C

The nature, scope and methodology of Economics (Tools of Economic analysis). The basic economic problems and concepts (scarcity, scale of preference, choice, opportunity cost, etc). Elementary theories of demand and supply, types of demand and supply, shifts in demand and supply curves. Elasticity of demand and supply. Introduction to production, types of production (primary, secondary and tertiary). Factors of production – land, labour, capital entrepreneurship; mobility of factors of production, the law of diminishing returns; division of labour.

ECO 112 Introduction to Mathematics for Economics (2 Credits) C

Relevance of Mathematics to Economics

Arithmetical and geometrical progressions, simultaneous linear equations, Crammar’s Rule and Matrix inversion. Techniques of differentiating and integrating simple algebraic, logarithmic and exponential functions and their applications to economics. Set theory : definition and evaluation of limits of various functions. Variables, constant and parameters. Functional relationship and equations e.g. definitional and behavioural changes.

ECO 113 Introductory Statistics I (1 Credit) C

Descriptive Statistics:

The nature, scope and purpose of statistics, sources of statistical data and problems of data collection, frequency distribution, quartiles, percentiles, measures of central tendency, (mean, median and mode), (grouped and ungrouped data)

The use of diagrams and histograms in statistical economic analysis.

Measures of dispersion – Range, (mean deviation) variance and standard deviation.

ECO 121 Principles of Economics II (2 Credits) C

Population Theories: Malthusian and Demographic Transition Theories: over – population, under-population and optimum population, geographical, occupational and age distribution of population, ageing population. Macro-economic policy objective and instruments. Elements of macroeconomics. Economic systems – capitalism, socialism and mixed economy.

Forms of business organization – sole proprietorship, partnership, joint stock company. Co-operative society and state – owned corporations.

ECO 122 Public Finance (1 Credit) E

The nature, scope and methodology of public finance, comparison of government with business firms. Sources of business finance, sources of public finance in Nigeria. The forms and financing of government expenditure budget. Principles and problems of public debts. Principles and goals of taxation. Personal income tax, company tax, import, export and excise duties, VAT. Federal, State and Local fiscal systems, inter governmental fiscal relations.

ECO 123 Introductory Statistics II (1 Credit) C

Inferential statistics: The concept of permutations and combinations, probability theory, estimation of simple statistics and population parameters, correlation, coefficient and simple regression analysis, index numbers and time series.

Note: Emphasis should be laid on application of concepts rather than the theoretical application of the statistical principles.

ECO 124 Introduction to Business Finance (1 Credit) E

Elementary concepts of money and capital market. Basic financial concepts (stocks, bonds, shares, debentures). Concept of mortgage saving, current account, fixed deposit, certificate of deposit, bank loans and overdraft, cheques, promissory notes, discounting bills, bills of exchange and treasury bills. Concepts and differences between business and public finance. Source of business finance.

ECO 125 Introduction to Accounting (2 Credits) C

The nature, scope and purpose of accounting, basic financial statements, accounting conventions, theory and mechanics of double entry book-keeping, books of original entry, the cash book and the ledger classification, recording and summary of business transactions, trial balance, correction of book-keeping errors.

Revenue accounting, profits and loss accounts and balance sheets of business

concerns.

Valuation of assets and measurement of business income. Interpretation of accounts: significant accounting ratios. Bank reconciliation.

ECO 211 Micro Economics (1 Credit) C

Nature and scope of micro-economics.

Theory of consumer behaviour, demand and supply functions, price determination, utility and preference, elasticity, income, price and substitution effect, combination of factors of production. Pricing and output under perfect competition, monopoly, monopolistic competition, duopoly and oligopoly.

Pricing of factors of production and factor proportions, returns to scale, marginal productivity of factors of production, theories of determination of wages, rents, interests and profits.

ECO 212 Money and Banking (2 Credits) C

Definition of money, the barter system of trade and its problems. The evolution and functions of money. The quantity theory of money and changes in the value of money and the theory of interest rates. The Nigerian monetary system. Central and Commercial Banks. The role of other financial institutions. Problems and concepts of money and capital markets in Nigeria. Monetary policy. Concept of universal banking, mergers and acquisition to be discussed.

ECO 213 Economics Methodology (2 Credits) C

The nature of economics, objectives of teaching and learning economics in secondary schools. Problems of teaching economics in Nigerian Secondary schools.

Factors that influence the choice of methods of teaching economics e.g. (Age, ability, size of class, time, finance etc.).

Different methods of teaching (lecture, problem solving, demonstration, discussion, case studies and field trips).

The use of instructional materials. Evaluation of learning in economics and evaluation of economics textbooks. Unit preparation and lesson notes. Micro-teaching exercises. A detailed study of the syllabus of Secondary School economics.

ECO 214 Research Methods (2 Credits) C

The nature and scope of research projects in economics. Planning and design of research. Types of research. Basic sampling techniques

Methods of data collection, analysis, and interpretation. Report writing.

ECO 221 Macro Economics (2 Credits) C

Nature and scope of macroeconomics: macroeconomic policy objectives and instruments. National income accounting, income determination, the multiplier and acceleration principle, the theory of consumption, theory of inflation, theory of employment. Theory of interest rates, theory of investment, the theory of economic growth, business cycles and problems of economic growth.

ECO 222 Introduction to Business Economics (1 Credit) E

− The nature and scope of business economics

− Objectives (traditional and modern) and functions of firms

− Forms of business organization – formation, financing, advantages and disadvantages

− Sources of Finance and problems of business organizations in Nigeria

− The role of business organisations in economics development

− Functions of Management

− Profit – its concepts and measurement

− The development of business organizations in Nigeria since independence

ECO 223 Economics Of Production (2 Credits) C

Production function; cost concepts and characteristics of cost, location of industries, plant layout and materials handling, inventory, policy and control.

ECO 224 Structure Of The Nigerian Economy (1 Credit) E

Profile and structure of the Nigerian economy. Sectorial breakdown of the Nigerian economy; primary sector – agriculture, mining and quarrying.

secondary sector – industries

Tertiary sector – commerce and services

Contributions of the different sectors to the Nigerian economy. Changing structure of the Nigerian economy, Austerity measures: SAP, etc.

ECO 225 Development Economics (2 Credits) C

− Growth and development – concepts and measures (per capital income and social indicators).

− The characteristics and causes of under development

− Some theories of economic growth – Rostow, Balance and unbalance growth

− Problems of agricultural transformation, industrialization and technological changes

− Problems of dualism

− Population and Economic development

− Foreign aids, foreign trade and Economic development

− The role of capital, natural and human resources in economic development

− Development plan and economic development – Nigeria’s experience.

ECO 321 Applied Economics (2 Credits) C

− Nigeria national income – size, growth rate and structural composition, changes in size, growth rate and structure.

− Major sectors of the Nigerian economy – agriculture, mining, industrial, social services and foreign sectors – development, prospects and problems.

− Nigerian population: size, structure, occupational distribution, spatial distribution, stages of demographic transition, Malthusian population theory and its relevance to Nigeria.

− Nigerian Labour market – trade unions and employers associations. Industrial relations in Nigeria.

− Government recent policies and their effects on the economy. Nigerian Enterprises promotion Decree, Land Use Decree, privatisation and commercialisation of enterprises. NEEDS, SEEDS AND LEEDS.

ECO 322 International Economics (2 Credits) C

− Domestic versus International Trade

− Theories of International Trade: Absolute Advantage, Comparative advantage; factor endowment.

− Commercial policies and theory of customs unions

− Economic integration: types and advantages, ECOWAS etc., prospects and problems.

− Balance of payments:- concepts, problems and adjustments of disequilibrium: International financial institutions:- IMF, IBRD, GATT, UNCTAD

− International trade and economic development

− Contemporary international economic problems: the debt problem; South/South Dialogue, the Group of 7 or other similar phenomena.

ECO 323 History of Economic Thought (1 Credit) E

− The nature, scope and methodology of History of Economic Thought – its evolution, importance and limitation.

− The pre-classical economic ideas – mercantilism and physiocracy

− The classical economic doctrine-tenets and contributions of Adam Smith, David Ricardo, Rev. T.R. Malthus, etc.

− Marxian Economics and relevance to modern economic development

− The Historical school and marginalism with special reference to the contribution of Jevons and Marshall.

− Keynesian revolution and relevance to contemporary economic development

− The contributions of Pareto and Edgeworth etc. Application and relevance.

− Contributions of Nigerians to Economic Thought.

ECO 324 Labour Economics (1 Credit) E

The meaning and scope of Labour Economics. Labour Unions in Nigeria. Labour Unions and bargaining power. Wage differentials, employer and employee relationships. Strikes and lockouts. Mobility of labour (causes and effects). Industrial relations in Nigeria. Investment in and efficiency of human capital. The Labour market (demand for and supply of labour).

ECO 325 Human Resources Development (2 Credits) C

Concepts of human capital, returns to investment in human capital, choice between human capital investment and investment in physical capital.

Determinations of human capital accumulation, social and private costs and returns to investment in education, manpower planning and unemployment problems. The socio-economics implication of HIV/AIDS on human resources, entrepreneurship skill and development.

Members of Academic Staff in the Department

S/No. Name Qualification Rank
1   Dr. Ibrahim S. Muhammad B Sc., M.Sc. PhD GDE C/ Lecturer
2   Aminu A. Hussaini B.Sc  GDE P/ Lecturer
3   Dr. Idris A. Isah B.Sc, M Sc, PhD.,GDE P/Lecturer
4   Dr. A. Y. Sanyinna BA, M Sc, PhD C/Lecturer
5   Abubakar S. Tambuwal B.Sc., GDE Lecturer I
6   Ummu M. Yeldu B.Sc., M.Sc, GDE P/Lecturer
7   Luba Sidi (Mrs) B.Sc., MBA, GDE Lecturer I
8   Muhammad B. Shehu B.Sc, M Sc S/Lecturer
9   Suwaiba A. Bello B Sc, M Sc, PDE P/Lecturer
10   Bello Ibrahim Yabo B Sc, MBA, PDE Lecturer I
11   Shehu Muhammad B Sc, M Sc PDE Lecturer I
12   Alh. Kabir B Sc, M Sc, PDE S/Lecturer
13   Murtala M. Rabah B Sc, MBF, PDE Lecturer I
14   Dr. Muhammad Lawal NCE, B Sc Ed, M Sc, PhD S/Lecturer
15   Shareho Nuru A Muazu. B Sc, MBF, PDE S/Lecturer
16   Amina Ladan Shuni B Sc, M Sc, PDE S/Lecturer
17   Luba Adamu Kwazo B Sc, MBA, GDE Lecturer I
18   Umar Muhammad Aliyu B Sc Ed, MBA Lecturer I
19   Safina Haliru S. B Sc Ed, M Sc S/Lecturer
20   Amina M. Abdullah B Sc, M Sc, PDE Lecturer II
21  Dr. Nurudeen Ibrahim B Sc Ed, M Sc, PhD Lecturer I
22   Abubakar Bello Sokoto BA, M Sc, PDE Lecturer I
23   Mubarak Sani Aliyu B Sc A/Lecturer
24   Zayyanu Abubakar G B Sc A/Lecturer
25 Ramatu A. Aliyu B Sc A/Lecturer