COURSE COMPACT
2014/2015
COLLEGE; COLLEGE OF BUSINESS AND SOCIAL SCIENCES,
DEPARTMENT; ECONOMICS AND DEVELOPMENT STUDIES
PROGRAMME; ECONOMICS
COURSE CODE; ECN213
COURSE TITLE; HISTORY & STRUCTURE OF THE NIGERIAN ECONOMY I.
UNITS; 2
COURSE CO ORDINATOR; DR. ESE URHIE
Office Address; D302E, CBS Building,
Mailing Address; Department of Economics and Development Studies
Covenant University, Ota, Nigeria
E-mail Address;
Tel; Ext. 2190
Consultation Hours; Thursday and Friday; 10 am – 12noon each day
MR. J. ODEBIYI MISS Q-E OLUWATIMIRO
Office Address; F302C D302A
SESSION; 2014/2015
SEMESTER; ALPHA,
Class Days; Wednesday
Time; 1pm – 3pm
Venue; C301, CBS Building
(A) 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.
(B) COURSE OBJECTIVES/GOALS: 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.
(C) METHODS OF LECTURE DELIVERY/TEACHING AIDS:
Lecture delivery methods: Lectures to be conducted with audio-visuals as well as multi-media projector. Teaching Aids: Magnetic Board, Public Address System (PAS) and Lecture notes
(D) COURSE SCHEDULE
WEEKS / TOPICS, SUB-TOPICS AND REFERENCES1 / 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 and 4 / FEATURES & BASIC STRUCTURE OF THE NIGERIAN ECONOMY
§ Geographical Features
§ Demographic Features
§ Dualistic Nature of the economy
§ The Political Economy of Nigeria
§ Overall economic performance [ECONOMIC GROWTH / OUTPUT (Vision 20:2020), ECONOMIC DEVELOPMENT (HDI, HPI, MDGs) POVERTY and INCOME INEQUALITY
5 / THE AGRICULTURAL SECTOR
§ Role of Agriculture in Economic Development
§ Structure of Agricultural Sector in Nigeria
6 and 7 / 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
8 and 9 / THE FINANCIAL SECTOR
· Imporrtance of a Sound Financial System
· The structure of the Nigerian Financial System
· The Role of CBN in the Nigerian Financial System
10 and11 /
INFRASTRUCTURE IN NIGERIA
· Economic Infrastructure· Social Infrastructure
12 / TRADE IN NIGERIA
· Domestic Trade
· International Trade
13 / REVISION
14 / EXAMINATION
(E) Tutorial; After each topic
(F) COURSE STRUCTURE
Ist Test 5 Marks
Term Paper / Seminar 10 Marks
Mid-Alpha Semester Test 15 Marks
Final Examination 70 Marks
TOTAL 100 Marks
(G) 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.
(H) ASSIGNMENT; To be given in class
(I) ALIGNMENT WITH COVENANT UNIVERSITY VISION/ GOALS: The course content contributes to knowledge and aligns with the University’s goals/ vision of becoming a world class university.
(J) 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
Explaining African Economic growth Performance; The Case of Nigeria.
By Iyoha, M. A. and Oriakhi, D.
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