Thursday October 23 2014
 

ECO 412: STRUCTURE OF THE NIGERIAN ECONOMY

STRUCTURE OF THE NIGERIAN ECONOMY (3 Units)

 

COURSE LECTURER

 ESE URHIE   

 

Class Days: Mondays and Thursdays

Time: 1pm–3pm and 10 am–11am Respectively 

Venue: Mondays; Hall H301, CBS Building and Wednesdays; Hall G201

 

COURSE DESCRIPTION: This course exposes students to the development of the Nigerian Economy with respect to economic and social achievements. It analyzes the growth of the various sectors of the economy in terms of structural changes, causes and consequences on economic development.  It also evaluates the relationship among the various sectors of the Nigerian economy and their effects on the economic growth and development of the nation.

  

COURSE OBJECTIVES: At the end of this course, the students should be able to conduct a trend analysis of the development of each sector of the economy and ascertain possible reasons for the various trends observed.

 

METHODS OF LECTURE DELIVERY

Lecture delivery methods: Lectures to be conducted with audio-visuals as well asmulti-media projector. Teaching Aids: Magnetic Board, Public Address System(PAS) and Lecture notes

 

COURSE SCHEDULE

WEEKS

 

   TOPICS, SUB-TOPICS AND REFERENCES
1

INTRODUCTION

  • The Meaning of the Structure of on an Economy
  • Importance of the Structure of an Economy
2

COMPARATIVE ECONOMIC ANALYSIS

  • Types of Economic System
  • The Doctrine of Liberalization
  • The Rationale for Government
  • Deregulation in Nigeria
3

FEATURES & BASIC STRUCTURE OF THE NIGERIAN ECONOMY

  • Geographical Features
  • Demographic Features
  • Dualistic Nature of the economy
  • The Political Economy of Nigeria
  • Overall economic performance
4

THE AGRICULTURAL  SECTOR

  • Role of Agriculture in Economic Development
  • Structure of Agricultural Sector in Nigeria
5 and 6

THE INDUSTRIAL SECTOR

  • Meaning of Industrialization
  • Why Countries Embark on Industrialization
  • Efforts of Government at promoting Industrialization
  • Characteristic Feature of the Industrial Sector
  • Structure of the Nigeian Industrial Sector
7 and 8           

THE FINANCIAL SECTOR

  • Importance of a Sound Financial System
  • The structure of the Nigerian Financial System
  • The Role of CBN in the Nigerian Financial System
9 and 10

INFRASTRUCTURE IN NIGERIA

  • Economic Infrastructure
  • Social Infrastructure
11

TRADE IN NIGERIA

  • Domestic Trade
  • International Trade
12

ROLE OF NATIONAL INSTITUTIONS

  • Meaning of Institutions
  • Types of Institutions
  • The Role of Institutions in Economic Development
13 REVISION
14 EXAMINATION

 

 

Tutorial; 1hour interactive session

 

COURSE STRUCTURE

1st Test 5  Marks

Term Paper / Seminar 10   Marks

Mid-Alpha Semester Test 15   Marks

Final Examination 70   Marks

TOTAL 100 Marks

GROUND RULES & REGULATIONS:

  • Students are expected to be in class before the commencement of lectures and to be well-behaved for lecture objectives to be achieved.
  • Entrance into lecture hall will not be allowed after five minutes of the commencement of lecture.
  • Students are expected to actively participate in class discussion in an interactive manner.
  • Prior notice should be given if students are going to be absent from class.

ASSIGNMENT: To  be given in class

  

ALIGNMENT WITH COVENANT UNIVERSITY VISION: The course content contributes to knowledge and aligns with the University’s vision of becoming a world class university.

The course will aid students in understanding the linkages between the various sectors of the Nigerian economy. It also evaluates how each sector can be developed.

 

(K) TEXTBOOKS AND INSTRUCTIONAL MATERIALS

Anyanwu, J . C.,Oyefusi, A., Oaihkenan .A. and Dimowo, F.A. (1997), The Structure of the Nigerian Economy: 1960-1997. Onitsha, Joanee Educational Publishers Ltd

CBN, (2000), The Changing Structure of the Nigerian Economy; Implications for Development. Lagos, Realm Communications Ltd

NES (2001) Natural Resource Use, The Environment and Sustainable Development, Ibadan, NES

NES (2002), Human Resource Development in Africa, Ibadan, NES

CBN, Statistical Bulletin, Various Issues

CBN Annual Report and Statement of Accounts , Various Issues

 

Also make reference to;

Explaining African Economic growth Performance; The Case of Nigeria.

By Iyoha, M. A. andOriakhi, D.

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