Credit Hours - 3

We will look at the scope of statistics, collection, classification, tabulations and presentation of data. Frequency distributions, graphical presentation and the lorenz curve will be given attention.

Measures of location, dispersion and skewness will also be examined. Probability, sets, experiments, events, sample space, conditional probability, statistical independence, random variable and elementary treatment of distributions, inclding Binomial, Poisson and Chi-square distributions will be covered. Simple Random sampling, the central limit theorem and Normal distribution will also be treated.

We will also focus on estimation and tests of significance, including correlation coefficient, rank correlational point estimation, biasedness, consistency and Type I and II errors as well as Simple linear regression, tests of hypotheses concerning means, proportions, variances, significance levels and t and f tests. Confidence intervals for means, association and contingency tables will also be looked at.

Credit Hours - 3

This course will cover fundamental techniques such as (i) basic algebraic procedures, simple and simultaneous equations; (ii) functions, types, and graphical representation. (iii) simple economic applications and simple market models; introduction to calculus, including (i) concepts of Slope and continuity, (ii) meaning of derivatives and differentiation, (iii) techniques of differentiation and rules, (iv) applications to economic, phenomena, comparative statistics, elasticities, propensities, input-output models. It will also look at functions in one variable, including (i) maximum and minimum points, (ii) second order conditions, and (iii) applications. Functions of two or more variables such as (i) partial derivatives (ii) determination of maximum and minimum points, (iii) second order conditions (iv) constrained maximization, the Lagrangean Technique, First and Second Order Conditions, applications, profit maximization and consumer choice problems, input and output demand functions, cost functions and introduction to integral calculus, (ii) techniques and rules of integration (iii) applications. Investment, saving functions and growth models will also be treated.

Credit Hours - 3

This course will deal with varieties of macroeconomic thinking, measuring aggregate output, income and prices, aggregate demand and income determination, fluctuations of aggregate demand, GNP, fiscal policy, (mechanisms, problems and issues). It will cover topics such as money: what it is and what it does, the supply of money, monetary policy (mechanisms, problems and issues). Other areas to be treated include inflation and unemployment, aggregate demand and aggregate supply, inflation and unemployment, the gains from trade, international exchange, trade policy (mechanics, problems and issues), economic development and world poverty.

Credit Hours - 3

The Nature and Scope of Economics. The Economic System, Scarcity and Opportunity Costs. Supply and Demand, Elasticity, concepts, problems and applications. Application of Demand and Supply. The Economics of Agriculture, the Theory of Household Behaviour. Consumer Behaviour. Theory of Production. Nature of Cost Curves. Market Structure - Perfect Competition, Monopoly.

Credit Hours - 3

International Trade: Balance of payments - measuring and nature; foreign trade statistics, policies to deal with balance of payments deficits, economic aid.

Inflation and Growth; Price Index; Ghana's Consumer Prices Index; Price Policy; Relationship between Inflation and Growth. Monetary sector; the Financial Institutions; Monetary policy in historical perspective, Government and the Economy; Role of government in the economy; the government's budget - sources of revenue, public expenditure; financing budget deficits.

Planning: A comparative study of planning in Ghana.

Credit Hours - 2

National Income Accounting, Income, expenditure and Product approaches to estimating national income; national income as a measure of welfare; problems and methods of comparing income between countries and in one country overtime.

Structure of the Economy; changes in Ghana's Economic Structure, Theories of Structural Changes. Growth performance of the aggregate economy; accounting for growth. Sectors, growth performance and structure; agriculture, manufacturing, mining and quarrying and construction, services, etc.

Population, labour force and Economic Growth, Labour Force Participation, Unemployment and Employment Migration.