Elective Courses (CMAP)

This course aims to provide a sound foundation in the theory and practice of econometrics for economists. A distinctive feature of the course is its integration of the theoretical developments and practical data analysis. Economic examples with emphasis on African context are consistently used throughout the course to motivate and illustrate the subject matter. Extensive practical work using econometric software packages is an important aspect of the course.

This course aims to provide a sound foundation in the theory and practice of econometrics for economists. A distinctive feature of the course is its integration of the theoretical developments and practical data analysis. Economic examples with emphasis on African context are consistently used throughout the course to motivate and illustrate the subject matter. Extensive practical work using econometric software packages is an important aspect of the course.

Overall, the course seeks to demonstrate how economic techniques covered in the core courses in microeconomics, macroeconomics and quantitative methods are applied to environmental and natural resource policy and research, with special reference to Sub-Saharan Africa. It also seeks to explain the role of environmental economics in the development process in general, and in the integrated management of environmental re-sources in particular. The specific objectives of the course are to:

• Expose students to the theories and models of environmental economics
  
• Enable students to understand and appreciate linkages between the environment and economics
  
• Help students apply the environmental models to practical situations with specific reference to Sub-Sahara Africa
  
• Acquaint students with the dynamics of global environment and the implications for development in Sub-Sahara Africa.

Objectives

Overall, the course seeks to demonstrate how economic techniques covered in the core courses in microeconomics, macroeconomics and quantitative methods are applied to environmental and natural resource policy and research, with special reference to Sub-Saharan Africa. It also seeks to explain the role of environmental economics in the development process in general, and in the integrated management of environmental re-sources in particular. The specific objectives of the course are to:

• Expose students to the theories and models of environmental economics
  
• Enable students to understand and appreciate linkages between the environment and economics
  
• Help students apply the environmental models to practical situations with specific reference to Sub-Sahara Africa
  
• Acquaint students with the dynamics of global environment and the implications for development in Sub-Sahara Africa.

The purpose of the course is to provide a comprehensive instruction in contemporary Financial Economics at an advanced level. The course will emphasize theoretical as well as the empirical aspects of each topic in the syllabus.

The purpose of the course is to provide a comprehensive instruction in contemporary Financial Economics at an advanced level. The course will emphasize theoretical as well as the empirical aspects of each topic in the syllabus.

The goal of the course is to expose students to health economics as a branch of economics in order to develop an understanding of economic principles as applied to health and health care. Emphasis will focus on developing countries in general and Africa in particular.

Objectives

The goal of the course is to expose students to health economics as a branch of economics in order to develop an understanding of economic principles as applied to health and health care. Emphasis will focus on developing countries in general and Africa in particular.

This course is aimed at providing students with an in-depth analysis of international economics by relating the topics to the conditions in Africa. The course has the following objectives:

• To offer an up to date overview of the theory of international trade. International trade covers the reasons for trade and explanation of trade patterns and the gains accruing from trade or from restricting trade. These are core areas and call for extensive coverage. Linked to this core are a number of specific issues which must also be studied: increasing returns and trade; trade policy; international factor movements; growth and trade; income distribution and trade; economic integration; multinational enterprises; and ‘North-south’ issues. Empirical evidence supplements the theoretical treatment. The empirical evidence mainly focuses on Africa. The European Union (EU), World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD) are institutionally involved in trade policy issues and their major concerns are included in the subjects to be studied
• This module also aims for students to acquire appropriate skills to critically reflect on and analyse issues of international finance. International finance covers the balance of payments, exchange rates and open-economy macroeconomics. Linked to this core are a number of specific issues which must also be studied: national income accounting; spot and forward markets; parity conditions; exchange rate determination; exchange rate regimes; exchange rate stability and currency crises; and currency unions. Empirical evidence, though often inadequate and conflicting, is relevant in many areas. Issues associated with the European Monetary System (EMS), the International Monetary Fund (IMF) and, in general, with international monetary relations are also included in the syllabus.

Objectives 

This course is aimed at providing students with an in-depth analysis of international economics by relating the topics to the conditions in Africa. The course has the following objectives:

• To offer an up to date overview of the theory of international trade. International trade covers the reasons for trade and explanation of trade patterns and the gains accruing from trade or from restricting trade. These are core areas and call for extensive coverage. Linked to this core are a number of specific issues which must also be studied: increasing returns and trade; trade policy; international factor movements; growth and trade; income distribution and trade; economic integration; multinational enterprises; and ‘North-south’ issues. Empirical evidence supplements the theoretical treatment. The empirical evidence mainly focuses on Africa. The European Union (EU), World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD) are institutionally involved in trade policy issues and their major concerns are included in the subjects to be studied
• This module also aims for students to acquire appropriate skills to critically reflect on and analyse issues of international finance. International finance covers the balance of payments, exchange rates and open-economy macroeconomics. Linked to this core are a number of specific issues which must also be studied: national income accounting; spot and forward markets; parity conditions; exchange rate determination; exchange rate regimes; exchange rate stability and currency crises; and currency unions. Empirical evidence, though often inadequate and conflicting, is relevant in many areas. Issues associated with the European Monetary System (EMS), the International Monetary Fund (IMF) and, in general, with international monetary relations are also included in the syllabus.

OBJECTIVES 

The objectives of the course in Labour Economics are to: 

(a) Provide students with both theoretical and empirical knowledge about the operation and the importance of labour markets; 

(b) Equip students with the analytical skills required for dealing with labour market issues and policies; 

(c) Familiarize students with current issues and policies relating to labour market outcomes with particular emphasis on Africa; and 

(d) Encourage and develop students’ skills and interest in undertaking research in labour market issues using African datasets.

ORGANISATION OF THE COURSE 

 The course is divided into two complementary parts. Part 1 in the first semester (Labour Economics I) covers the general concepts and theory of labour economics. Part 2 in the second semester (Labour Economics II) is devoted to major empirical, institutional and policy issues pertaining to labour markets in developing countries in general and in subSaharan Africa in particular.

OBJECTIVES 

The objectives of the course in Labour Economics are to: 

(a) Provide students with both theoretical and empirical knowledge about the operation and the importance of labour markets; 

(b) Equip students with the analytical skills required for dealing with labour market issues and policies; 

(c) Familiarize students with current issues and policies relating to labour market outcomes with particular emphasis on Africa; and 

(d) Encourage and develop students’ skills and interest in undertaking research in labour market issues using African datasets.

ORGANISATION OF THE COURSE 

 The course is divided into two complementary parts. Part 1 in the first semester (Labour Economics I) covers the general concepts and theory of labour economics. Part 2 in the second semester (Labour Economics II) is devoted to major empirical, institutional and policy issues pertaining to labour markets in developing countries in general and in subSaharan Africa in particular.

The purpose of this course is to enable you to acquire sufficient knowledge of monetary theory and policy. The course content is designed to ensure that the state of the art of monetary theory is given sufficient exposition, while at the same time introducing sufficient doses of policy and empirical topics with special reference to developing countries, in particular African countries. 

Objectives

The purpose of this course is to enable you to acquire sufficient knowledge of monetary theory and policy. The course content is designed to ensure that the state of the art of monetary theory is given sufficient exposition, while at the same time introducing sufficient doses of policy and empirical topics with special reference to developing countries, in particular African countries. 

This course will expose you to the state-of-the-art in public sector economics theory, while drawing on empirical evidence from developed and developing countries. The aim is to develop analytical tools and methods that will enable you to appreciate issues pertaining to public spending, taxation and financing of government. As much as possible, evidence will be drawn from African and other developing countries. By the end of this course, you should be able to:

• Discuss critically key issues in public economics, informed by recent research
  
• Demonstrate familiarity with a range of public policy issues and relevant analytical and empirical tools.

This course will expose you to the state-of-the-art in public sector economics theory, while drawing on empirical evidence from developed and developing countries. The aim is to develop analytical tools and methods that will enable you to appreciate issues pertaining to public spending, taxation and financing of government. As much as possible, evidence will be drawn from African and other developing countries. By the end of this course, you should be able to:

• Discuss critically key issues in public economics, informed by recent research
  
• Demonstrate familiarity with a range of public policy issues and relevant analytical and empirical tools.