At the end of the three-year course, students are expected to: 1 . Be acquainted with basic economic principles, concepts and the tools for economic analysis. E familiar tit the structure and functioning of economic institutions – commercial, industrial and financial. Understand the basis for rational economic decisions. Understand and be able to explain the basis and structure of the West African economy, including the roles of agriculture, industry and mining and their contributions to the national income. Be able to follow the role and status of the West African countries in international economic relationships. Appreciate the problems West African countries encounter in their economic development.;
There will be two papers; Paper 1 will be an objective test of 50 questions to be completed in 50 minutes, and paper 2, an essay-type to be completed in 3 hours. Paper 2 will be divided into 2 sections (A and B). Section A will consist of two data- response questions and candidates must answer one of them. Section B will consist of ten other questions and candidates will be required to answer any four of them. All questions will carry equal marks. Candidates will in all, be required to answer all questions in Paper 1 and five questions in Paper 2 as spelt out above.
From Ligneous Poundage of wry. ]sustains. Mom 176 Economics By Jadedly Scarcity and Choice, Scale of preference, Opportunity cost, Economic activities – Production, Distribution and Consumption. Classification of economic activities – Primary, Secondary and Tertiary and their relative contributions in terms of output/ income, employment, savings and foreign exchange.
Geographical, age, sex and occupational distribution. Importance and problems of census. Population and economic development (under – population, optimum population and over-population). Concept of labor force, efficiency and mobility of labor, factors affecting the size of the labor force, particularly the population characteristics (age, sex, occupation, education, etc. ); supply of and demand for Barbour; wage determination and concept of unemployment. Trade Unions, Employers’ Associations, and Government policies on labor and wages. Labor Market 13.
AGRICULTURE Structure (e. G. Food crops, export crops, livestock, fisheries); systems of agriculture (peasant, commercial, co-operative and state farming); importance of agriculture to the national economy; marketing of agricultural products (commodity boards). Agricultural policies (minimum agricultural prices) problems of agriculture and remedies. 14. Meaning , types, location of industry, localization. Role of industrialization in economic development. Strategies of industrialization, problems of industrialization, modernization policy.