Economic Development In Nigeria

1. Distinguish between economic development and economic growth.
2. Analyze the impact of government policies on the Nigerian economy.
3. Understand the role of international trade in Nigeria's development.
4. Evaluate the effectiveness of development planning in Nigeria.
5. Discuss Nigeria's fiscal and monetary policies and their impact on poverty alleviation.
6. Contribute to development programs in Nigeria.

13 weeks, about 30 hours in total. Yours will differ.

1. Week 1Module 1: Introduction

   • Unit 1: Market Participants and Circular Flow of Economic Activity · 2 hours

     Understand the roles of consumers, businesses, government, and foreigners in the economy.. Analyze how these participants interact in factor and product markets.. Examine the circular flow model and its implications for economic development..

2. Week 2Module 1: Introduction

   • Unit 2: Goals, Instruments, Targets, and Problems Associated with Monetary Policies · 2 hours

     Identify the goals of monetary policy, including high employment, economic growth, and financial market stability.. Examine monetary policy instruments like open market operations and reserve requirements.. Discuss the problems and limitations of monetary policy in Nigeria..

3. Week 3Module 1: Introduction

   • Unit 3: Government, Foreign Trade, and the Economy · 2 hours

     Analyze the impact of government expenditures and foreign trade on national income.. Understand the balanced budget multiplier and its effects.. Examine the role of imports and exports in the determination of national income..

4. Week 4Module 1: Introduction

   • Unit 4: Economic Growth in Nigeria: A Historical Background · 2 hours

     Examine the historical performance and determinants of economic growth in Nigeria.. Discuss the basic factors affecting growth, including productivity, investment, and political systems.. Analyze the dynamics of Nigeria's economic growth over time..

5. Week 5Module 1: Introduction

   • Unit 5: The Historical Theories of Development · 2 hours

     Understand the definitions and theories of economic development.. Examine Schumpeter's theory of economic development.. Discuss the roles of technological change, entrepreneurship, capital, and credit in economic development..

6. Week 6Module 2: Development Theories

   • Unit 1: The Big-Push Theory of Economic Development and Harrod-Domar's Theory of Growth · 2 hours

     Explain the Big Push theory and its implications for underdeveloped countries.. Discuss the indivisibilities in the production function, demand, and supply of savings.. Examine the criticisms of the Big Push theory.. Understand the Harrod-Domar's theory of economic growth and its limitations..

7. Week 7Module 2: Development Theories

   • Unit 2: Stages of Economic Development · 2 hours

     Analyze the stage theories of economic development and growth.. Examine Rostow's stages of economic development.. Discuss economic development under conditions of unlimited supplies of labor..

8. Week 8Module 2: Development Theories

   • Unit 3: Development Planning in Nigeria · 2 hours

     Define development planning and its objectives.. Distinguish between different types of development plans, including short-range, medium-range, perspective, and rolling plans.. Discuss the pre-independence development planning in Nigeria..

9. Week 9Module 2: Development Theories

   • Unit 4: The Post-Independence Development Planning in Nigeria · 2 hours

     Identify the post-independence development plans in Nigeria.. Analyze the performance of public capital expenditure projects under the development plans.. Explain the relative importance of development planning in Nigeria..

10. Week 10Module 2: Development Theories

    • Unit 5: Rolling Plans in Nigeria · 2 hours

      Identify the principles behind rolling plans in Nigeria.. State the objectives of the rolling plans.. Give an account of the problems of implementation of rolling plans in Nigeria..

11. Week 11Module 3: Development Policies

    • Unit 1: Indigenisation as a Development Policy in Nigeria · 2 hours

      State the aim and objectives of indigenization in Nigeria.. Explain the provisions of the Nigerian indigenization policy.. Explain recent developments on the Nigerian indigenization policies..

12. Week 12Module 3: Development Policies

    • Unit 2: The Nigerian Fiscal Policies · 2 hours

      Explain what fiscal policies are all about.. Identify the objectives of fiscal policies in Nigeria.. Discuss the composition and trend of government revenues in Nigeria.. Analyze the performance of public expenditures in Nigeria..

    • Unit 3: Monetary Policy Framework in Nigeria · 2 hours

      State the meaning of monetary policy.. Explain the framework of monetary policy in Nigeria.. Identify monetary policy tools in Nigeria..

13. Week 13Module 3: Development Policies

    • Unit 4: Operations of the Monetary Policy in Nigeria · 2 hours

      Analyze monetary policies in Nigeria.. Ascertain the effectiveness of such policies.. Evaluate and make contributions to monetary policy issues in Nigeria..

    • Unit 5: The Post Structural Adjustment Poverty Alleviation Strategies in Nigeria: The NEEDS · 2 hours

      State the vision, values, principles, goals, and macroeconomic framework of the NEEDS.. Explain the framework for the implementation of NEEDS.. Provide strategies for reforming government and institutions.. Design strategies for growing the private sector in Nigeria..