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ECO247

The Nigerian Economy In Perspective Ii

This course, Nigerian Economy in Perspective 2, is a three-credit, one-semester undergraduate course that builds upon ECO 146. It explores the structure and contributions of infrastructure, trade, commerce, and the private and public sectors to the Nigerian economy. The course evaluates government plans, policies, and programs affecting economic structure and development, and examines economic cooperation and integration in Africa, including international trade. It aims to equip students with skills to analyze and appraise economic activities in Nigeria.

About this course

Difficulty
Intermediate
Study hours
208 hours
Maths
Basic
Content
Theoretical, case study
Practical work
No
How it is assessed
  • Assignments
  • Tutor marked assignments
  • Final examination

One paragraph, so you can see how it reads

ECO247 · UNIT 1 GENERAL CHARACTERISTICS AND PERFORMANCE OF THE INFRASTRUCTURE/SERVICE SECTOR

The date of submission of all assignments and date for completing the study units as well as the final examination dates shall be communicated to you online.

What you should be able to do

  1. Analyze the structure and performance of key sectors in the Nigerian economy.
  2. Evaluate government policies and programs affecting economic development.
  3. Discuss the challenges and opportunities for economic cooperation in Africa.
  4. Apply economic principles to understand real-world issues in Nigeria.
  5. Appraise the role of international trade and finance in Nigeria's development.

What it prepares you for

Careers
  • Economic Analyst
  • Policy Advisor
  • Financial Consultant
  • Development Officer
  • Trade Specialist
Where it is applied
  • Government
  • Banking
  • International Trade
  • Development
  • Consulting

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • Module 2: Infrastructural/Service Sector 2

    Unit 2: Financial Sector Reforms in Nigeria

    Requires understanding of complex financial instruments and regulatory frameworks.

  • Module 5: Economic Co-operation and Foreign Transactions

    Unit 4: International Trade and Balance of Payments

    Involves grasping intricate details of international trade agreements and their implications.

A suggested way through it

Suggested

13 weeks, about 78 hours in total. Yours will differ.

  1. Week 1Module 1: Infrastructure/Service Sector 1
    • Unit 1: General Characteristics and Performance of the Infrastructural/Service Sector · 4 hours

      Define infrastructure and its social and economic dimensions.. Discuss the significance of infrastructure in the Nigerian economy.. Assess the general performance of the infrastructural sector..

    • Unit 2: Communication Subsector · 3 hours

      Trace the history of communication in Nigeria.. Identify stakeholders in the communication sector.. Discuss the structure of the communication subsector..

  2. Week 2Module 1: Infrastructure/Service Sector 1
    • Unit 3: Public Utility Subsectors · 4 hours

      Discuss the historical development of electricity in Nigeria.. Explain the significance of electricity and water resources.. Evaluate the performance of the public utility sector..

  3. Week 3Module 1: Infrastructure/Service Sector 1
    • Unit 4: Transport Subsector · 5 hours

      Explain the importance of transportation to the Nigerian economy.. Trace the development of transportation in Nigeria.. Evaluate the performance of the transport sector..

  4. Week 4Module 2: Infrastructural/Service Sector 2
    • Unit 1: Finance Subsector · 4 hours

      Define finance and financial system.. Identify the functions of various financial institutions.. Assess the performance of the financial sector's contribution to GDP..

    • Unit 2: Financial Sector Reforms in Nigeria · 4 hours

      Highlight important reform interventions in the financial sector.. Evaluate the effect of financial reforms on small and medium scale industries.. Analyze the linkage between SMEs and the financial institution..

  5. Week 5Module 2: Infrastructural/Service Sector 2
    • Unit 3: Education Subsector · 4 hours

      State the importance of education.. Describe the structure of the education system.. Evaluate the contribution of the education sector to GDP..

    • Unit 4: Health Subsectors · 4 hours

      State the importance of health.. Describe the structure of the health sector.. Evaluate the contribution of the health sector to GDP..

  6. Week 6Module 3: Other Sectors
    • Unit 1: Trade and Commerce Sector · 5 hours

      Profile the scope of trade and commerce in Nigeria.. Explain the features and implications of pre-independence trades.. Describe the performance of the trade and commerce sector after independence..

  7. Week 7Module 3: Other Sectors
    • Unit 2: Building and Construction Sector · 5 hours

      Define the scope of the building and construction sector.. Analyze the performance of the building and construction sector.. Appraise the challenges of the building and construction sector..

  8. Week 8Module 3: Other Sectors
    • Unit 3: The Private Sector · 4 hours

      State the types and organizations that make up the private sector.. Analyze the performance of the private sector.. Enumerate the challenges facing the private sector..

    • Unit 4: The Public Sector · 4 hours

      Trace the history of public enterprises in Nigeria.. Highlight the necessities for public enterprises.. Discuss the forms and structure of public enterprises..

  9. Week 9Module 4: Economic Plans, Policies and Programmes 2
    • Unit 1: Privatisation and Commercialisation · 5 hours

      State the objectives of privatization.. Define the types and concepts of privatization.. Describe the institutional arrangements and approach to privatization in Nigeria..

  10. Week 10Module 4: Economic Plans, Policies and Programmes 2
    • Unit 2: Monetisation Policy · 5 hours

      Highlight the scope and components of the monetization policy.. Appraise issues in favor of and against the monetization policy.. Examine the background to monetization benefits in public service..

  11. Week 11Module 4: Economic Plans, Policies and Programmes 2
    • Unit 3: Vision 20: 2020 · 5 hours

      Explain the meaning and focus of Vision 20:2020.. State the rationale for Vision 20:2020.. Discuss the implementation strategy of Vision 20:2020..

  12. Week 12Module 4: Economic Plans, Policies and Programmes 2
    • Unit 4: Millennium Development Goals (MDGs) · 5 hours

      State the Millennium Development Goals and its targets.. Appraise the achievements of the MDGs.. Explain the introduction to MDGs..

  13. Week 13Module 5: Economic Co-operation and Foreign Transactions
    • Unit 1: Economic Co-operation and Integration in West Africa · 4 hours

      Define and state types of economic integration.. Trace the evolution and membership of ECOWAS.. Enumerate the aims, objectives, and institutions of ECOWAS..

    • Unit 2: Monetary Integration in West Africa · 4 hours

      Define some basic concepts of monetary integration.. Analyze the benefits of monetary integration in West Africa.. Itemize the problems of monetary integration in West Africa..

Preparing for the exam

What to do
  • Review all unit objectives and ensure you can address each one.
  • Create summaries of key concepts and theories from each module.
  • Practice applying economic models to analyze Nigerian economic data.
  • Focus on understanding the impact of government policies on different sectors.
  • Review tutor-marked assignments and address any areas of weakness.
  • Create timelines of major economic events and policy changes in Nigeria.
  • Practice answering essay questions on key topics like trade, infrastructure, and economic integration.

Questions students ask about this course

What is ECO247 about?

This course, Nigerian Economy in Perspective 2, is a three-credit, one-semester undergraduate course that builds upon ECO 146. It explores the structure and contributions of infrastructure, trade, commerce, and the private and public sectors to the Nigerian economy. The course evaluates government plans, policies, and programs affecting economic structure and development, and examines economic cooperation and integration in Africa, including international trade. It aims to equip students with skills to analyze and appraise economic activities in Nigeria.

How many units does ECO247 have?

ECO247, The Nigerian Economy In Perspective Ii, has 20 units across 5 modules, over 228 pages of course material. You can read it one unit at a time.

How many credit units is ECO247?

ECO247 carries 3 credit units, at 200 level in Social Sciences.

Is ECO247 hard?

ECO247 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.

How long does ECO247 take to study?

About 208 hours of study, spread across its 20 units.

How is ECO247 assessed?

ECO247 is assessed by assignments, tutor marked assignments and final examination.

What can I do with ECO247?

Economic Analyst, Policy Advisor, Financial Consultant, Development Officer and Trade Specialist.

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