SCHOOL OF ECONOMICS DEPARTMENT OF APPLIED ECONOMICS … › schools › economics › images ›...

of 138

SCHOOL OF ECONOMICS

DEPARTMENT OF APPLIED ECONOMICS

1.0 GENERAL INFORMATION

1.1 Vision of the University

The Vision of Kenyatta University is to be a dynamic, an inclusive and a competitive centre of

excellence in teaching, learning, research and service to humanity.

1.2 Mission of the University

The Mission of Kenyatta University is to provide quality education and training, promote

scholarship, service, innovation and creativity and inculcate moral values for sustainable

individual and societal development.

1.3 Philosophy of the University

Kenyatta University’s philosophy is sensitivity and responsiveness to societal needs and the right

of every person to knowledge.

1.4 Entry Requirements for Undergraduate and Postgraduate Courses

Admission into Degree programmes offered by the Department is guided by the general

Kenyatta University regulations governing entry into undergraduate and postgraduate

programmes. The minimum requirements for specific programmes are indicated under each

programme.

1.4.1 Bachelor of Economics and Finance

Kenya Certificate of Secondary Education (KCSE) mean grade of C+ (plus) with at least

C+ (plus) in Mathematics.

At least two (2) principals and a subsidiary in ‘A’ Level, with a credit in Mathematics at

‘O’ level.

1.4.2 Master of Economics (Cooperation and Human Development)

At least an Upper Second Class Bachelor’s Degree in Economics, Economics and

Statistics, Economics and Finance, or any other relevant social science from Kenyatta

University or any other recognized Institution.

OR

A holder of a Lower Second Class degree in the stated disciplines with an average of at

least grade ‘C’ in relevant subjects at advanced level or with 2 years relevant work

experience

OR

A holder of at least Lower Second Class Bachelor’s Degree in any other discipline with

no economics and statistics background with relevant work experience, after successful

completion of the Bridging Course for the Programme.

1.4.3 All other Master Programmes

of 138

At least an Upper Second Class Bachelor’s Degree in Economics, Economics and

Statistics, Economics and Finance or a relevant social science from Kenyatta University

or any other recognized Institution

OR

A holder of a Lower Second Class degree in the stated disciplines with an average of at

least grade ‘C’ in relevant subjects at advanced level or with 2 years’ relevant work

experience

1.4.4 Doctor of Philosophy in Economics

At least a Master Degree in Economics from Kenyatta University or from another

institution of comparable status. The Masters degree must be based on coursework,

examination and research project or coursework, examination and thesis. Further, the

Masters coursework must include: Microeconomic Theory, Macroeconomic Theory and

Quantitative Methods.

1.5 Academic Resources

1.5.1 Physical Infrastructure and Facilities

For effective and efficient teaching and learning, Kenyatta University strives to ensure that the

students enrolled in a programme match the physical facilities that aid teaching and learning.

These include lecture rooms, library, staff offices and other utilities.

1.5.2 Reference Materials

The reference materials per course will be as follows:

(a) At least 5 core text books

(b) At least 5 e-books

(c) At least 5 print journals

(d) At least 5 e-journals

1.5.3 Academic Staff

The Department has a complement of 25 members of teaching staff and three (3) non-teaching

staff as indicated:

Teaching Staff

Associate Professor (PhD Holder) 1

Senior Lecturers (PhD Holders) 2

Lecturers (PhD Holders) 8

Lecturer (Non PhD Holder) 1

Tutorial Fellows 13

Non-Teaching Staff

Administrative Assistant 1

Clerk/Typist 1

Cleaner 1

of 138

1.6 Programmes Offered by the Department

The programmes offered by the Department are as follows:

1.6.1 Undergraduate Programmes

Bachelor of Economics and Finance (Duration = 4 years)

1.6.2 Postgraduate Programmes

Master of Economics (Cooperation and Human Development) (Duration = 2 years)

Master of Economics (Development) (Duration = 2 years)

Master of Economics (Environment) (Duration = 2 years)

Master of Economics (Finance) (Duration = 2 years)

Master of Economics (Health) (Duration = 2 years)

Master of Economics (International Trade and Finance) (Duration = 2 years)

Doctor of Philosophy in Economics (Duration = 3 years)

1.6.3 Programme Duration and Structure

The duration and structure of the programmes offered by the Department are as detailed in the

sections that follow:

1.6.3.1 Bachelor of Economics and Finance

Academic year 1 2 3 4

Number of Units 12 12 12 12

Semester 1 2 1 2 1 2 1 2

Unit loads 6 6 6 6 6 6 6 6

Credit Hours per Unit 35

Level 100

S. No Unit Code and Title Semester I Semester II

1 UCU 100: Communication skills +

2 UCU 103: Introduction to creative and critical thinking +

3 UCU 106: Ethics, Citizenship and Diversity +

4 EAE 100: Economics of Information Technology +

5 EES 100: Mathematics for Economists I +

6 EES 101: Statistics for Economists I (New Code) +

7 EET 100: Microeconomic Theory I +

8 EET 101: Macroeconomic Theory I +

9 BAC 100: Fundamentals of Accounting I +

10 BAC 101: Fundamentals of Accounting II +

11 BBA 102: Principles of Management +

12 BMS 101: Introduction to Insurance +

of 138

Level 200

S. No Unit Code and Title Semester

I

Semester II

1 EAE 200: Economics of Global Business +

2 EAE 201: Economics of Public Expenditure +

3 EAE 202: Financial Instruments and Risk Management +

4 EAE 204: Economic Development +

5 EES 200: Mathematics for Economists II (Pre-requisite EES

100)

+

6 EES 201: Statistics for Economists II (Pre-requisite EES

101)-New Code

+

7 EET 200: Microeconomic Theory II +

8 EET 201: Macroeconomic Theory II +

9 BAC 200: Accounting for Assets +

10 BAC 201: Accounting for Liabilities and Equities +

11 BAC 203: Business Finance I +

12 BAC 204: Business Finance II +

Level 300


1

Core Units

ECO 300: Research Methods

+

2 EAE 301: Taxation Economics and Policy +

3 EAE 302: Economics of Microfinance I +

4 EAE 314: Economics of Microfinance II – New Code +

5 EET 300: Microeconomic Theory III +

6 EET 301: Macroeconomic Theory III +

7 EES 300: Mathematics for Economists III +

8 EES 301: Fundamentals of Econometrics I – New code +

9

10

11

At least two Electives

EAE 303: Managerial Economics

EAE 304: Labour Economics

EAE 305: Urban Economics

EAE 307: International Economics I

+ +

12

13

At least two Electives

EAE 308: International Economics II

EAE 309: Health Economics

EAE 310: Economics of Money and Banking

EES 303: Operations Research I – New Code

+ +

Level 400


of 138

1

Core Units

ECO 400: Research Project (Equivalent to 1 unit)

+

2 EAE 401: Monetary Theory and Policy +

3 EAE 403: Financial Economics +

4 EAE 405: Development Planning +

5 EAE 414: Theory of Finance +

6 EES 401: Fundamentals of Econometrics II +

7 EET 400: Microeconomic Theory IV +

8 EET 401: Macroeconomic Theory IV +

9

10

11

At least Two Electives

EAE 408: Economics of Industry

EAE 410: Demographic Economics

EAE 413: Energy and Environmental Economics

EET 402: History of Economic Thought

+ +

12

13

At least Two Electives

EAE 404: Economics of Public Enterprises

EAE 412: Project appraisal

EES 402: Economic Modeling and Computer Simulation

EES 403: Operations Research II - New Code

+ +

1.6.3.2 Master Programmes

Academic year 1 2

Number of Units 10 9

Semester 1 2 1 2

Unit loads 5 5 5 4

Credit Hours Per Unit 35

Master of Economics (Cooperation and Human Development)

(a) Bridging Courses

S. No Unit Code and Title Semester I

1 EET 703: Microeconomics +

2 EET 704: Macroeconomics +

3 EES 700: Quantitative Methods +

4 EES 702: Fundamentals of Econometrics +

(b) Master Programme

S. No Unit Code and Title Sem 1 Sem 2 Sem 3 Sem 4

1 ECO 800: Economic Research Methodology +

2 ECO 802: Research Project (Equivalent to 4 units) +

3 EET 800: Advanced Microeconomics I +

4 EET 802: Advanced Microeconomics II +

of 138

5 EET 801: Advanced Macroeconomics I +

6 EET 803: Advanced Macroeconomics II +

7 EES 811: Econometrics for Impact Evaluation (New) +

8 EAE 801: Development Theories and Strategies +

9 EAE 840: International Economics for Development

Cooperation

+

10 EAE 841: Human Development I: Conceptual

Foundations and Measurement of HD

+

11 EAE 842: Human Development II-HD Policies

(Prerequisite: EAE 841)

+

12 EAE 843: Cooperation for Development: Local

Development Dimensions

+

13 EAE 844: International Cooperation and Projects

Design

+

14 EAE 845: International Cooperation Projects

Implementation, Monitoring and Evaluation

+

15 EAE 850: Impact Evaluation for Development

Projects and Programmes (New)

+

16 One Elective

EAE 846: Disaster Preparedness, Management and

Humanitarian Action

EAE 847: Climate Change and Development

EAE 848: Urban Development in Africa

EAE 849: Technology for Development

+

Master of Economics (Development)

S.N Unit code & Title Sem 1 Sem 2 Sem 3 Sem 4


2 ECO 801: Economic Data Analysis and Computer

Applications

+






8 EES 800: Econometrics I +

9 EES 801: Econometrics II +

10 EAE 800: Project Planning, Monitoring and

Evaluation

+

11 EAE 801: Development theories and Strategies +

12 EAE 840: International Economics for Development

and Cooperation

+

13 EAE 841: Human Development I: Conceptual

Foundations and Measurement of HD

+

of 138

14 EAE 842: Human Development II: HD Policies +

15 One Elective in Semester 2

EAE 802: Planning Techniques

EAE 808: Labour and Manpower Economics

EAE 829: Economic Policy Analysis, Design and

Evaluation

+


EAE 835: Public Policy

EAE 846: Disaster Preparedness, Management and

Humanitarian Action


+

Master of Economics (Environment)

S.N Unit code & Title Sem 1 Sem 2 Sem 3 Sem 4



Applications

+








10 EES 809: Econometrics for Environmental

Valuation

+

11 EAE 810: Environmental Economics +

12 EAE 822: Natural Resource Economics +

13 EAE 823: Growth, Poverty Reduction and

Environment

+

14 ESU 802: Environmental Impact Assessment +




Evaluation

EAE 846: Disaster Preparedness Management and

Humanitarian Action

+


EAE 833: Strategic Planning and Management



+

Master of Economics (Finance)

of 138

S. N Unit code & Title Sem 1 Sem2 Sem3 Sem 4



Applications

+








10 EAE 800: Project Planning, Monitoring and

Evaluation

+

11 EAE 805: Public Sector Economics I +

12 EAE 806: Public Sector Economics II +

13 EAE 851: Financial Economics +

14 EAE 813: Theory of Finance +

15

One Elective in semester 2

EAE 803: Monetary Theory and Policy I


EAE 816: Corporate Finance and Investment I

+

16 One Elective in semester 3

EAE 804: Monetary Theory and Policy II

EAE 812: International Finance

EAE 817: Corporate Finance and Investment II

+

Master of Economics (Health)

S. N Unit code & Title Sem1 Sem2 Sem3 Sem4



Applications

+








10 EAE 836: Health Economics +

11 EAE 838: Health Policy and Planning +

12 EAE 839: Monitoring and Evaluation in Primary

Health Care

+

13 EAE 852: Economics of Health Systems and

Financing

+

of 138

14 HPH 702: Principles of Epidemiology +




Evaluation

EAE 837: Theory and applications of Economic

Evaluation in Health care

+


EAE 800: Project Planning, Monitoring and

Evaluation

EAE 833: Strategic Planning and Management


+

Master of Economics (International Trade & Finance)

S.N Unit code & Title Sem1 Sem2 Sem3 Sem 4



Applications

+








10 EAE 800: Project Planning, Monitoring and Evaluation +

11 EAE 807: International Trade +

12 EAE 812: International Finance +

13 EAE 803: Monetary Theory and Practice I +

14 EAE 804: Monetary Theory and Practice II +


EAE 805: Public Sector Economics I


EAE 816: Corporate Finance and Investment I

+


EAE 806: Public Sector Economics II

EAE 813: Theory of Finance

EAE 817: Corporate Finance and Investment II

+

1.6.3.4 Doctor of Philosophy in Economics

Academic year 1 2 3

Number of Units 6 9 1

of 138

Semester 1 2 1 2 3 1 2

Unit loads 3 3 3 2 4 1

Year One

Core Units


1 ECO 900: Research Methods +

2 EET 900: Microeconomics I +

3 EET 902: Macroeconomics I +

4 EES 900: Quantitative Methods I +

5 EET 901: Microeconomics II +

6 EES 901: Quantitative Methods II +

Year Two

Core Unit

Electives

1. The following elective areas are offered to students subject to formation of a class quorum

and availability of faculty

2. A student will register for specialization in any two elective areas from those offered during

the second year of study

S. No Unit Code and Title Semester

I

Semester

II

Semester

III

2

Two electives

EAE 901: Agricultural Economics I

+

3 EAE 902: Agricultural Economics II +

4 EAE 903: Industrial Economics I +

5 EAE 904: Industrial Economics II +

6 EAE 905: Labour Economics I +

7 EAE 906: Labour Economics II +

8 EAE 907: Health Economics I +

9 EAE 908: Health Economics II +

10 EAE 909: Environmental Economics I +

11 EAE 910: Environmental Economics II +

12 EAE 911: Monetary Economics I +

13 EAE 912: Monetary Economics II +

14 EAE 913: Public Sector Economics I +


1 EET 903: Macroeconomics II +

of 138

15 EAE 914: Public Sector Economics II +

16 EAE 915: International Economics I +

17 EAE 916: International Economics II +

18 EAE 917: Development Economics I +

19 EAE 918: Development Economics II +

Comprehensive Examinations

20 EET 904: Comprehensive Microeconomics +

21 EET 905: Comprehensive Macroeconomics +

22 EAE 920: Comprehensive Public Sector Economics

23 EAE 921: Comprehensive International Economics +

24 EAE 922: Comprehensive Environmental Economics +

25 EAE 923: Comprehensive Health Economics +

26 EAE 924: Comprehensive Agricultural Economics +

27 EAE 925: Comprehensive Monetary Economics +

28 EAE 926: Comprehensive Industrial Economics +

29 EAE 927: Comprehensive Labour Economics +

30 EAE 928: Comprehensive Development Economics +

Year Three


1 ECO 901: PhD Thesis + -

of 138

2 THE CURRICULUM

2.1 Bachelor of Economics and Finance

2.1.1 Philosophy of the Programme

The philosophy of the Bachelor of Economics and Finance Programme is to train and impart top

notch applied knowledge, skills and attitudes on economics and finance. This will be done while

ensuring sensitivity and responsiveness to societal needs and the rights of every person to

knowledge.

2.1.2 Rationale of the Programme

The Bachelor of Economics and Finance Programme was developed in response to growing

market need for people with requisite knowledge, skills and attitudes on economics and finance.

A large number of students with degrees in economics are increasingly being employed in the

public and private sectors of the economy in specific areas that require the students to be

provided with knowledge and skills applicable to understanding issues in the fields of economics

and finance.

2.1.3 Goal of the Programme

The goal of the programme is to facilitate learners to acquire knowledge, skills and tools that

would facilitate them to undertake measurement and analysis of economic phenomena areas of

economics and finance; and to undertake research and analysis in the relevant field.

2.1.4 Expected Learning Outcomes

By the end of the programme, learners are expected to:

(a) understand the key theories and principles in the field of economics and finance

(b) identify, explain and apply the tools used in economic analysis

(c) apply economic and financial tools in decision making

2.1.5 Mode of Delivery

The Programme is offered under Regular and Evening modes. The mode of delivery is the face

to face approach.

2.1.6 Examination Regulations

Kenyatta University examination regulations shall apply.

2.1.7 Assessment Criteria

Examinations shall consist of Continuous Assessment Test (CAT), which shall contribute

30% and end of semester examinations, which shall contribute 70%

The end of semester examination shall take two (2) hours per unit.

The pass mark shall be 40% in all units.

Failed units will be retaken when next offered. Retakes will be graded as those of normal

examination units. No student will be allowed to retake a unit more than twice.

A student who fails in all units taken in any one session will be discontinued.

Final classification of the degree will be based on a minimum of 48 units taken during the

degree programme.

of 138

2.1.8 Grading System

The grading system is as follows:

70-100% A

60-69% B

50-59% C

40-49% D

0-39% E (Retake)

2.1.9 Award

Upon successful completion of the course, students will be awarded a Bachelor of Economics

and Finance Degree of Kenyatta University

2.2 Course Description

2.2.1 EAE 100: Economics of Information Technology

Purpose

To provide students with systematic understanding of the role of information technology in

economic growth and development.

Expected Learning Outcomes

By the end of the course the students should be able to demonstrate understanding of the role of

information technology in economic growth and development, and information technology-based

data processing

Course Description

The role of Information Technology. Computers and Computer Operating Systems. Intellectual

property rights. Data processing. Economics of Software Maintenance. Information technology

revolution. Information systems development and management. Differentiation of products and

prices. Switching Costs and lock-in.

Mode of Delivery

i) Lectures

ii) Class discussions

iii) Group work

iv) Assignments

Instruction Materials

i. Online resources

ii. Journal Articles and Extracts

iii. Testing Materials

iv. Self-instructional materials

Course Assessment

i) Continuous Assessment Tests (30%)

ii) Final Examinations (70%)

of 138

Course Reading Materials

1. Varian, H. R., Farell, J., Shapiro, C., 2004, The Economics of Information Technology:

An Introduction, Cambridge University Press.

2. Jones, C., 2006, The Economics of Software maintenance in the 21st Century, Software

Productivity Institute.

3. French, C.S., 1996, Data Processing and Information Technology, 10th

ed, London,

Ashford Colour Press.

4. Atkinson, R.D., McKay, A.S., 2007, Understanding the economic benefits of the

Information Technology Revolution, The Information Technology and Innovation

Foundation.

5. Varian, H.R., 2003, Economics of Information Technology, University of California,

Barkeley.

2.2.2 EAE 200: Economics of Global Business

Purpose

To provide students with systematic understanding of contemporary global business environment


At the end of this course, students are expected to: - demonstrate understanding of critical

aspects of the contemporary global business environment; be able to undertake global business

strategy formulation and implementation; appreciate the ethical concerns in global business

Course Description

Historical background of global business. Contemporary global business environment, global

business strategy formulation, strategy implementation, operations, finance and Marketing, and

the changing environment. Social ethical concerns in global business. Challenges of global

business: Trans National Corporations

Mode of Delivery

i) Lectures


iii) Group work

iv) Assignments


i. Online resources




Course Assessment



of 138


1. Thomas Pugel (2007), International Economics, 14th edition, Irwin McGraw-Hill

2. Mutti J. and Ingram J.C. (2000) International Economics, Routledge; 5th

Revised

edition, USA.

3. Krugman, P.R. (1999) International Economics, 5th Ed., Longman; 5th International

edition, Maurice Obstfeld, USA.

4. Siebert, H. (2002) The World Economy, 2nd

Edition, Routledge, USA.

5. Salvatore, D. (2000) International Economics, 7th

Edition, John Wiley and Sons,

USA.

6. Marrewijk, C. V. (2002) International Trade and the World Economy, Oxford

University Press, USA.

7. Grimwad, N. (2000) International Trade, 2nd


8. Makin, A.J. (2002) International Macroeconomics, Financial Times/ Prentice Hall;

New edition, USA.

9. Sodersten, B. (1997). International Economics. 2nd

Edition, Hongkong: The

MacMillan Press Ltd.

2.2.3 EAE 201: Economics of Public Expenditure

Purpose

To provide students with basic understanding and knowledge of public expenditure, and

provision and financing of public goods and services


At the end of this course, students are expected to: - demonstrate understanding of public

expenditure, financing of public goods and services, budgeting, and fiscal federalism

Course Description

Overview of welfare economics; Objectives of government policy, Market failure and rationale

for government intervention. The theory of public goods and externalities. Public choice theory,

public expenditure theory (with emphasis on income distribution, poverty reduction, and social

insurance). Fiscal Federalism, Public enterprise pricing rules. Budget analysis; Public Debt;

Evaluation of public projects/programmes. Budget analysis, Benefit incidence Analysis, Cost-

effect Analysis, Government failure (with emphasis on corruption).

Mode of Delivery

i) Lectures


iii) Group work

iv) Assignments


i. Online resources



http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=John%20Mutti

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=James%20C.%20Ingram

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Paul%20R.%20Krugman

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Maurice%20Obstfeld

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Horst%20Siebert

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Dominick%20Salvatore

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Charles%20Van%20Marrewijk

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Nigel%20Grimwade

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=A.J.%20Makin

of 138


Course Assessment




1. Musgrave and Musgrave (1989): Public Finance in Theory and Practice. 5th

ed. New York,

McGraw-Hill

2. Artkinson, A.B and J.E, Stiglitz (1980): Lectures in Public Economics. New York,

McGraw-Hill

3. Stiglitz, J.E (2000): Economics of the Public Sector. 3rd

ed. New York, Norton

4. Rosen H (2005): Public finance. 7th

ed. McGraw-Hill

2.2.4 EAE 202: Financial Instruments and Risk Management

Purpose

To introduce students to operations of the capital markets, understand the drivers of capital

markets, and financial risk management


At the end of this course, students are expected to: demonstrate understanding of the operations

of the capital markets, drivers of capital markets, and financial risk management

Course Description

Introduction to risk management: Need for financial risk management; Major causes of financial

risk; Services of financial risk; Evolution of risk management instruments; Regulatory concerns

and actions; Reducing financial disasters. Types of risk: Market risk; Credit risk; Operational

risk; Liquidity risk. Money and capital markets: Money market instruments; Capital market

instruments (Fixed income and equity). Financial risk management instruments: Futures, Swaps,

Options and Exotics.

Mode of Delivery

i) Lectures

ii) Presentations

iii) Assignments


i. Online resources




Course Assessment



of 138


1. Mishkin, F., and Eakins, S. (2011). Financial Markets and Institutions. 7th

edition,

Prentice Hall

2. Bodie, Z., Kane, A. and Marcus, A. (2008). Investments. 7th

Edition, McGraw-Hill/Irwin

Series in Finance, Insurance and Real Estate, USA

3. Christoffersen, P. (2003). Elements of Financial Risk Management. Academic Press,

California, USA

2.2.5 EAE 203: Management in the Contemporary Global Economy

Purpose

To introduce students to the concept of global economy and its effect on cost and of the

profitability of the firm.


By the end of the course the student should be able to:

i. Define Globalization

ii. Explain the main causes of Globalization

iii. Appreciate how changes in International trade patterns, foreign direct investment flows,

and the rise of new international corporations are all changing the nature of the world

economy.

iv. Have a good grasp of the impact of globalization on production costs profitability of the

firm.

Course Description

The role of technologies in multinational organization. Design and implementation of strategic

cost management systems, cost analysis; cost estimation techniques; assessing and evaluating

customer and segment profitability; revenue analysis; capacity management; target costing and

life-cycle costing.

Mode of Delivery

i) Lectures

ii) Presentations

iii) Assignments


i. Online resources




Course Assessment



of 138


1. Global business today: Charles W.L. Hill; McGraw Hill 2004

2. International Business: Charles W.L. Hill, Arun Kamar Jain McGraw-Hill 2005

3. International Business; Text and Cases, Francis Cherunlaw. Prentice Hall 2007

4. International Business: Justice Paul Prentice Hall 2007

5. Managing Global Business Mukesh Chatuved. Aseen Kumar. Excel Books 2005

6. Contemporary Business. Louis E. Boone and David L. Kurtz 1997

2.2.6 EAE 204: Economic Development

Purpose

To provide students with the skills of measuring economic growth and development, and

application of indicators of economic growth and development


At the end of this course, students are expected to: - demonstrate understanding of the meaning

and measurement of economic growth and development, and application of the indicators of

economic growth and development

Course Description

Meaning and measurement of economic growth and development. Theories of development

applied to less-developed countries. Adjusting development theories to take account of

indivisibilities, externalities and institutional and social aspects specific to less-developed

countries. Relevance of theories to development strategies adopted by currently less developed

countries. Agricultural and rural development. Industrialisation strategies with specific reference

to East Africa.

Mode of Delivery

i) Lectures

ii) Group discussions

iii) Class presentations


i. Online resources




Course Assessment




1. Mejer M. Gerald (1990). Leading issues in Economic Development. Fourth Edition (or

latest ed). New York Oxford University Press

of 138

2. Michael P. Todaro. (1992). Economic Development in the Third World, Fourth Edition,

New York: Longman.

3. Mullei, A. (2000). The Link between Corruption and Poverty: Lessons from Kenya Case

Studies. Nairobi ACEG/USAID

4. Tony Killick (1980.): Development Economics in Action, Nairobi: Oxford University

Press

5. Larsson, K. (1994). Structural Adjustment, Aid and Development. SIDA: Stockholm

6. Kindleberger, C.P. (1965). Economic Development, 2nd

edition Tokyo: McGrawHill

Kogakusha

7. Agarwala A. N. and Singh S.P. (1976). The Economics of Underdevelopment. New

York: Oxford University Press.

8. Maitha J. Heyer J and Senga W. M. (1976). Agricultural Development in Kenya, Nairobi:

Oxford University Press.

9. Jhingan M.L.C. (1990). The Economics Development and Planning, 22nd

ed Delhi:

Kanark Pri. Ltd.

2.2.6 ECO 300: Research Methods

Purpose

This course is designed to equip students with the knowledge and techniques of undertaking

research.


By the end of this course, students are expected to demonstrate knowledge and understanding of

the research process. The students should also be able to formulate research problem, and design

and undertake research, collect and analyze data and report research findings. Each student

taking the course will be required to submit a Complete Research Proposal at the end of the

Semester as part of the course work.

Course Description

Definition of research; types of research; reasons for undertaking research; research

methodology in economics. Research problem formulation. Literature review. Research design

and framework. Sampling design and data measurement. Data collection and management. . Data

analysis and results interpretation. Preparing research proposal. Writing and presenting a

research report.

Mode of Delivery

i) Lectures



of 138


i. Online resources




Course Assessment

iii) Continuous Assessment Tests (30%)

iv) Final Examinations (70%)


1. Cooper D. and Schindler, P.S. (2014). Business Research Methods, 12th

Edition, New

Delhi: Tata McGraw-Hill Publishing Company Limited

2. Frankfort-Nachmias, C. and Nachmias, D. (2004). Research Methods in the Social

Sciences, 5th

Edition, London: Arnold

3. Kothari, C.R (2004): Research Methodology: Methods and Techniques. 2nd

Revised

Edition. New Age International Publishers

4. Kothari, C.R and Carg, G. (2014): Research Methodology: Methods and Techniques. 3rd


5. Ngau, P and Kumssa, A. (2004). Research Design, Data Collection and Analysis: A

Training Manual, Nairobi: United Nations Centre for Regional Development-Africa

Office

6. Serekan, U. (2010). Research Methods for Business: A Skill Building Approach, 5th

Edition, USA: John Wiley and Sons Publishers

7. Saunders, M.N.K, Lewis, P., and Thornhill, A. (2009). Research Methods for Business

Students, 5th

Edition, Harlow, United Kingdom: FT Prentice Hall

8. Walliman, N. (2011). Research Methods: The Basics, London: Routledge Taylor and

Francis Group

9. Young, N. (2009). Understanding the Research Process and Methods: An Introduction to

Research Methods, Las Vegas Acts Press

2.2.7 EAE 301: Taxation Economics and Policy (Prerequisite: EAE 201)

Purpose

To broaden the knowledge and understanding of the students on tax issues, and enhance their

contextual framework for understanding tax related issues.


At the end of this course, students are expected to: have acquired insights and understanding into

the theory of taxation, impact of taxation on the economy, ways of appraising taxes and

consideration of alternative types of tax policies

Course Description

Introduction: Taxation and Public Revenue; Principles of taxation; Types of Taxes; tax Effort

and Taxable Capacity; Approaches to tax Equity; Tax Burden and Incidence Analysis; Incentive

of 138

effects of Taxation; Optimal Taxation (commodity and income taxes); Tax Avoidance and

Evasion; Tax policy design and reforms; Public Debt; Fiscal Federalism

Mode of Delivery

i) Lectures

ii) Group assignments

iii) Presentations


i. Online resources




Course Assessment

i. Continuous Assessment Tests (30%)

ii. Final Examinations (70%)


1. Atkinson A. B. and J. E. Stiglitz (1980). Lectures on Public Economics. New York:

McGraw-Hill

2. Stiglitz, J. (2000). Economics of the Public Sector 3rd

Ed. New York: W. W Norton.

3. Musgrave R. A. and P. B. Musgrave. (1989). Public Finance in Theory and Practice. 5th

Edition, New York: McGraw-Hill

4. Rosen H. (2005). Public Finance. 7th

Edition, McGraw Hill

2.2.8 EAE 302: Economics of Microfinance I

Purpose

To expose students to the economics of microfinance as it relates to the growth and development

of micro and small enterprises, government policies on micro and small enterprises and the

financing of micro and small enterprises (MSEs).


At the end of this course, students are expected to: demonstrate knowledge and understanding of

the dynamics of MSEs, role of MSEs in promoting economic growth, development and

employment creation, and the mechanisms of financing of MSEs

Course Description

Rethinking banking: intervention in the Capital Market. Roots of Microfinance, Rotating Savings

and Credit Associations, Savings & Credit Cooperative Societies, Non-Governmental

Organizations. Commercial microfinance models, (Case studies in developing countries). Group

Lending: (case study of Grameen Bank). Factors affecting access of credit in the MSE subsector.

The role of Micro and Small Enterprises (MSEs) in an economy. Government policies on MSEs:

of 138

Institutional framework supporting the MSE subsector. Microfinancing in the MSE subsector.

Human resource development (HRD) in the informal sector. Formalization of Informal Sectors

Mode of Delivery

i) Lectures



Course Assessment




1. Dondo, A.C (1991) “Survey and Analysis of Credit Programmes for Small and

Microenterprises in Kenya”, Nairobi: K-Rep

2. Esipira, E. and Musinga, M (1996) “Microenterprise Financial Services: K-Rep’s move

Towards mobilizing Voluntary Savings”; Nairobi: K-Rep

3. Gichira, R. (1991) “An Analysis of the Laws and Regulations affecting the Development

of the Informal Sector in Kenya”; Nairobi K-Rep

4. International Labour Organization (ILO) Report (1972) Employment, Income and Equity:

A strategy for increasing Productive Employment in Kenya; Geneva, ILO

5. ILO (1993) Expert Consultation on Training for Self-Employment Through VTIs; Turin:

ILO

6. ILO/SIDA (1993) Skill Development for Self-Reliance: A Methodology for Training for

Self –Employment; Geneva/Stockholes ILO/SIDA for training.

2.2.9 EAE 303: Managerial Economics

Purpose

To introduce students to the nature and scope of managerial economics and how economic

theory and the tools of decision science are applied to solve managerial decision problems in the

industry.


By the end of the course the learner should be able to:

i) To apply basic economic principles in specific concerns of managers such as pricing,

forecasting, and production decisions.

ii) To analyse theoretical and empirical factors affecting behaviour of business costs and

revenues.

iii) To apply economic models to different market environments in which firms operate with

special attention to the effects of antitrust policy, government regulation and international

trade policy

Course Description

Role of economic theory in management. Theories of the firm. Demand and forecasting. Detailed

analysis of costs, revenues and profits. Production functions. Pricing and output decisions. Effect

of 138

of competition and government regulation on firm behaviour. Applications of capital budgeting

and forecasting models in production and marketing management.

Mode of Delivery

i) Lectures



Course Assessment




1. Allen W. Bruce, et al (2005) Managerial Economics: Theory, Applications, and Cases.

W. W Norton & Company.

2. Petersen H. Craig and Lewis, W. Cris (2004) Managerial Economics, 4th Edition,

Prentice-Hall of India Private Limited.

3. Coyne J. Thomas (1981) Readings in Managerial Economics, 3rd Edition, Business

Publications Inc., Texas

4. Keat G. Paul and Young K. Philip, Managerial Economics: Economic Tools for Today’s

Decision Makers, 5th Edition, Pearson Education Inc., New Jersey.

5. Spencer Milton and Siegelman Louis, Managerial Economics Decision Making and

Forward Planning, Richard D. Irwin, Inc., Illinois.

2.2.10 EAE 304: Labour Economics

Purpose

To enhance the capacity of students to understand theories, concepts, policies and their applications in

analyzing labour market issues

Expected Learning Outcomes At the end of this course, students are expected to: demonstrate knowledge and understanding of theories,

concepts, policies and their applications in analyzing labour market issues; undertake impact

evaluation of labour market programs and policies; and be able to contribute to evidenced-based labour

policy discourse.

Course Description

Labour in market and non-market economies. Role of labour in production. Wage determination.

Wage variation across locations and industries. Compensating wage differentials. Work

conditions in East Africa. Trade unions, employer associations, and wages. Labour markets.

Theories of migration: Job search and migration. Productivity effects of investment in education

and training. Manpower development and planning.

Mode of Delivery

i. Lectures

ii. Group discussions

iii. Class presentations

of 138

Course Assessment




1. Addison, J. T and W.S. Siebert (1979). The Market for Labour: An Analytical Treatment. Santa

Monica, California: Goodyear Publishing Company, Inc 2. Smith, S.W (1994). Labour Economics, Routledge: London 3. McConnell, C.R and S.L. Brue (1995). Contemporary Labour Economics, Fourth Edition.

Singapore: McGraw-Hill Inc. 4. Bosworth, D. Dawkins and T. Stromback (1996). The Economics of the Labour

Market, England and Singapore: Addison Wesley Longman Limited. 5. Hardwick, P. B. Khan and J. Langmead (1996). An Introduction to Modern Economics, Fourth

Edition. Edinburgh and Singapore: Addison Wesley Longman limited.

2.2.11 EAE 305: Urban Economics

Purpose

To acquaint the students with the knowledge, skills and competencies in the field of urban

economics and to show how the principles of microeconomics and macroeconomics can be

applied to the analysis of urban economics issues and problems.



theories of urbanization, and the social, economic and political dynamics shaping

urbanization

Course Description

Economic, political and social origins of urban centres in Kenya. Economic rationale for the

establishment of urban centres. The urban economy: commerce and industry, housing,

transportation, education and health. Functioning urban land and housing markets. Urban centres

and economic development. Theories of urban growth. Urban planning.

Mode of Delivery

i. Lectures



Course Assessment




1. Urban Economics: Arthur M. Sullivan. Irvin INC, 1990.

2. Urban and Regional Economics: McCann, Philip 2001Oxford University Press.

3. Urban Dynamics and Growth: Roberta Capollo and Peter Njkamp 2004. Elsvier Inc.

4. Urban Economics: Osullivan Arthus 2003, McGrow-Hill/Irwin

of 138

2.2.12 EAE 306: Economics of Human Capital

Purpose

To expose students to the theories and principles of human capital, and the role of human capital

in national growth and development.



theory and measurement of human capital; and apply the concept of human capital promoting

organizational productivity and competitiveness.

Course Description

The theory and measurement of human capital, with applications to estimations of labour supply

and demand, migration and educational planning. The implication of human capital for the

distribution of earnings and investments in education. Evaluation of public investment in human

capital development. Organization of human capital in firms. Economic analysis of work

inequality

Mode of Delivery

i. Lectures



Course Assessment




1. Addison, J. T and W.S. Siebert (1979). The Market for Labour: An Analytical Treatment. Santa

Monica, California: Goodyear Publishing Company, Inc 2. Smith, S.W (1994). Labour Economics, Routledge: London 3. McConnell, C.R and S.L. Brue (1995). Contemporary Labour Economics, Fourth Edition.

Singapore: McGraw-Hill Inc. 4. Bosworth, D. Dawkins and T. Stromback (1996). The Economics of the Labour

Market, England and Singapore: Addison Wesley Longman Limited. 5. Hardwick, P. B. Khan and J. Langmead (1996). An Introduction to Modern Economics, Fourth

Edition. Edinburgh and Singapore: Addison Wesley Longman limited.

2.2.13 EAE 307: International Economics I

Purpose

To introduce students to the basic tools of analysis of international trade and finance, and provide

students with theoretical tools that can be applied to various kinds of economic problems in

analysis of international economics.

of 138


At the end of this course, students are expected to: be able to examine the decisions individuals

and firms make concerning goods and services produced, consumed and traded. Students should

also be able to demonstrate knowledge and understanding of policy interventions in form of

regulation and protection as applied in international finance, theories of international finance,

money prices, and the different currencies used in international trade.

Course Description

The pure theory of international trade: Absolute and comparative advantages. Neo-Classical

theory of trade. Production possibilities curves, terms of trade, gains from trade. Alternative

(modern) theories of trade. Commodity and factor prices. Economic growth and trade. Theory of

protection. Effective rate of protection. Tariffs and non-tariff barriers. Welfare effects of trade.

Mode of Delivery

i. Lectures



Course Assessment




1. Hallwood, C. Paul and Ronald, MacDonald (2000), International Money and Finance, 3rd

Edition. Blackwell, Oxford (ISBN 0-631-20462-8)

2. Krugman, R. Paul and Maurice, Obsfield (1994), International Economics: Theory and

Policy, 3rd

Edition. Harper Collins College, New York (ISBN 0-673-52300-4)

3. Pilbeam, Keith (1998), International Finance, 2nd

Edition. Macmillan, London (ISBN 0-

333-73097)

4. Salvatore, Dominic (1995), International Economics, 5th

Edition. Prentice-Hall Inc., New

Jersey (ISBN 0-02-405381-3)

2.2.14 EAE 308: International Economics II (Prerequisite EAE 307)

Purpose

To equip students with tools of economic analysis to handle issues and problems related to

international finance (like exchange rates, balance of payments, etc) international monetary

system and regional integration (customs union).


By the end of the course the students should be able to:

i) Explain evolution of money, Foreign exchange market and the Bretton woods institutions

ii) Illustrate the demand and supply of foreign currency in the different regimes

iii) Outline the components of balance of payments

iv) Explore different exchange rate regimes and foreign markets

of 138

Course Description

Money; The law of one price; purchasing power parity; Exchange rates. Foreign exchange

markets. Exchange rate choice and management. International monetary system and trade.

Foreign debt. Balance of payments management in developing countries. International Economic

Institutions: IMF, WB, WTO. The theory of economic integration.

Mode of Delivery

i. Lectures



Course Assessment




1. Hallwood, C. Paul and Ronald, MacDonald (2000), International Money and Finance, 3rd


2. Krugman, R. Paul and Maurice, Obsfield (1994), International Economics: Theory and

Policy, 3rd


3. Pilbeam, Keith (1998), International Finance, 2nd


333-73097)



Jersey (ISBN 0-02-405381-3)

2.2.15 EAE 309: Health Economics

Purpose

The goal of the course is to expose students to: markets and market failure in health and health

care, health insurance, moral hazard and adverse selection, health and development, health

system and financing, economic evaluation of health interventions and epidemiology, health

system decentralization.


By the end of the course the learner should be able to:

i. Apply economic concepts and techniques to analyze issues in health and health care

ii. Demonstrate knowledge, understanding and application of a range of established

techniques of enquiry in Health Economics.

iii. Analyze health systems and health policy issues particularly within the African context.

Course Description

Concepts of health economics applicable to both developed and developing countries. Issues in

allocation of resources to and within the health sector in less developed economies. Effect of

health on development. Effect of health care on health. Demand for and supply of health

services. Health production functions. Economic analysis of primary health care: hospital care,

of 138

drug supply, public health and nutrition programs, rural and public health care systems. Public

regulations, health manpower planning. Selected case studies in primary health care.

Mode of Delivery

i) Lectures


iii) Assignments

iv) Class presentations

Course Assessment




1. Folland, S., Goodman, A. and Stano, M. (2008). The Economics of Health and Health

Care. Fourth Edition. Prentice Hall. ISBN: 0-13-0122157


Care. Sixth Edition. Prentice Hall.

3. Witter, S., Ensor, T., Jowett, M. and Thompson, R. (2000). Health Economics for

Developing Countries: A Practical Guide. MacMillan Education, London, 2000. ISBN:

0-333-75205-8

4. Santerre, R.E. and Neun, S.P. (2004). Health Economics: Theories, Insights and Industry

Studies. Thomson South-Western, Cengage Learning. Fifth Edition

5. Phelps, C.E. (2003). Health Economics. Third Edition, New York. Harper Collins

6. Phelps, C.E. (2010). Health Economics, Fourth Edition. Publisher: Prentice Hall, ISBN-

10: 0321594576

7. Zweifel, P. and Breyer, F (1997). Health Economics, Oxford University Press.

8. Zweifel, P. and Breyer, F and Kifmann, M (2009). Health Economics, Third Edition.

Springer, ISBN:978-3-540-27804-7

2.2.16 EAE 310: Economics of Money and Banking

Purpose

To introduce students to what money is and how it interacts with other macro economic variables

to influence the performance of the economy.



various determinants of money demand and money supply; operations of banks and other

financial intermediaries; instruments of monetary policy; and effect of monetary policy

aggregates on economic growth.

Course Description

Introduction to money: Definition, Functions of money, Qualities of good money, Importance of

money. Evolution of Banking. Development of money. Theories of money demand: Classical

theory, Keynesian theory. Money supply: Definition, Determinants, Measures, The Quantity of

of 138

money and price level. Financial markets: Commercial banks, Non banking financial institutions,

Credit creation mechanism. Theories of determination of interest rates: Monetary theory,

Classical theory and Keynesian theory. International payments and institutions.

Mode of Delivery

i) Lectures

ii) Discussions

iii) Presentations

Course Assessment




1. Central Bank of Kenya Quarterly Economic Review: various issues.

2. Luckett D. G. (1984). Money and Banking, 3rd

edition. McGraw Hill Book Company.

3. Mishkir F. S. (1992). Fundamentals of Money, Banking and Financial Markets, 3rd

edition. Harper Collins publishers inc. New York.

4. Rose P. S. (1984). Money and Capital Markets, 5th

edition Lrwin Lnc U.S.A.

5. Smith Gary (1991). Money, Banking and Financial Intermediation, D.C. Health and

Company Lexington: Massachusetts.

6. Glenn, H. R. (1999). Money, the Financial System and the Economy. Addison Wesley,

Longman

7. Bennett, T. McCallum (1989). Monetary Economics: Theory and Policy. Macmillan

Publishing, New York.

8. Laidler, D (1993). The Demand for Money: Theories and Evidence, 4th

ed. Harper

Collins, New York.

2.2.17 EAE 311: Economic History

Purpose

To introduce students to the dynamics that shaped countries’ economies at pre, during and post

colonial periods; and the emergence of industrial revolution and globalization.



the dynamics that shaped countries’ economies at pre, during and post colonial periods, explain

how these trends may have led to the growth and development or otherwise of the countries; and

the future of African countries with the waves of industrialization and globalization.

Course Description

Emergence and consolidation of international trade in medieval times. Growth of international

economy (between cities, between states). Trade as a means of strengthening the state.

Emergence of empires and colonialism. The spread of industry, commerce and international

finance. Major economic events in the 19th

and 20th

centuries. Africa and her involvement in the

international economy. Globalization as a new philosophy of international trade.

of 138

Mode of Delivery

i. Lectures

ii. Discussions

iii. Presentations

Course Assessment














Longman




ed. Harper

Collins, New York.

2.2.18 EAE 312: Comparative Economic Systems

Purpose

To introduce students to the different economic systems and the theories that underpins different

economic systems.



the different types of economic systems, key differences and similarities between economic

systems, the theories that anchor performance of countries under different economic systems;

and planning under the main economic systems.

Course Description

Characteristics of major economic systems. Methodological issues in comparing economic

systems. Neoclassical theory of market economy. Market failure. The role of government in

modern capitalism. Theory of command economies. The command economic systems and their

evolution over time. Performance of major economic systems in selected countries. Planning in

the three economic systems: capitalist, mixed and socialist economic systems.

of 138

Mode of Delivery

i. Lectures

ii. Discussions

iii. Presentations

Course Assessment














Longman




ed. Harper

Collins, New York.

2.2.19 EAE 313: Public Finance

Purpose

To introduce students to welfare economics and analysis of key issues in public finance policies

that affect individual behavior and how the government set its policies.


By the end of the course the student should be able to:

(a) Demonstrate knowledge and understanding of: The nature of public finance, Public

policy objectives, Public goods, Public expenditure, Budgets, sources of public revenue

and Privatization.

(b) Justify rationale for government intervention in the provision of public goods

(c) Offer advice on public sector financial management, that is, revenue mobilization and

utilization

(d) Design appropriate privatization policy

Course Description

Sources of government finance. Rationale for government interventions in an economy: market

failure, political and social motivations. Public expenditures and principles of taxation. The

theory of optimal resource allocation in a world of taxation and government provision of public

goods. Marginal cost pricing and its application to regulated monopolies. Kenya’s system of

taxation. Role of taxation in development.

of 138

Mode of Delivery

i. Lectures

ii. Discussions

iii. Presentations

Course Assessment




1. Atkinson A. B. and J. E. Stiglitz (1980). Lectures on Public Economics. New York: McGraw-Hill

2. Stiglitz, J. (2000). Economics of the Public Sector 3rd Ed. New York: W. W Norton.

3. Musgrave R. A. and P. B. Musgrave. (1989). Public Finance in Theory and Practice. 5th Edition,

New York: McGraw-Hill

4. Rosen H. (2005). Public Finance. 7th Edition, McGraw Hill Stiglitz Joseph E. (1988)

Economics of the Public Sector. Second edition. New York: W.W; Norton & Company

5. Wawire N. H. W (2003). ''Trends in Kenya's Tax Ratios and Tax Effort Indices, and their

Implications for Future Tax Reforms". In illieva E. V. (Ed.) Egerton Journal. Volume

IV. Numbers 2 & 3, July. Pp.256 - 279

2.2.20 EAE 314: Economics of Microfinance II (Prerequisite: EAE 302)

Purpose

To deepen the knowledge and understanding of students on operations and growth dynamics of

MSEs, especially how they handle finances. The course is also aimed at introducing learners to

different ways through which MSEs raise capital.



operations and growth dynamics of MSEs, especially how they handle finances. Students are

also expected demonstrate understanding of different ways through which MSEs raise capital

Course Description

Sources of capital for MSEs: Internal sources, External sources, Government. ; Financial

institutions: Deposit institutions, Investment intermediaries, Contractual full-service

intermediaries. Categories of bank customers: Corporate clients, Non-corporate clients,

Poor/rural clients. Measuring impact of investments. Interest rate determination: Types of

interest rates, Effects of inflation on nominal interest rate; Credit appraisal and management.

Default risk, Loan recovery; Law governing microfinance. Savings and Insurance, Subsidy and

sustainability, Management of microfinance. Business plans for MSEs.

Mode of Delivery

i. Lectures

ii. Discussions

iii. Presentations

of 138

Course Assessment




1. Aghion, B., and Morduch, J. (2005). The economics of Microfinance, MIT Press,

Cambridge, England


edition,

Prentice Hall

3. Dias, L. P., and Shah, A.J. (2008). Introduction to Business, 8th

Edition, McGraw-Hill,

USA

2.2.21 ECO 400: Research Project (Equivalent to one unit) [Prerequisite ECO 300]

Purpose

This course is designed to provide students with practical knowledge and skills of undertaking

research. It builds on the ECO 300: Research Methods Course undertaken in the Third Year of

Study. In this Course, students are required to develop the research proposals that they wrote

under ECO 300: Research Methods into a full research paper. This shall be done under the

supervision of the course instructor. Each student taking this course is expected to submit a full

research project at the end of the semester. The project shall be assessed and graded out of 100%.



the research process.

Course Description

Presentation of Research Proposal; Data Collection Techniques and Tools; Data Processing,

Analysis and Interpretation; Presentation of Research Findings and Discussions; Presentation of

Research Summary, Conclusions and Recommendations; Identification of Areas for Further

Research; Referencing.

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment

Final Project (100%)



Edition, New



Sciences, 5th



Revised






Office




Students, 5th



Francis Group



2.2.22 EAE 401: Monetary Theory and Policy

Purpose

The purpose of this course is to investigate the relationship between real economic variables at

the aggregate level and nominal variables. It provides students with coverage of the most

important topics in monetary economics and some of the models that economists have employed

as they attempt to understand the interactions between real and monetary factors.


By the end of this course, students should be able to:-

a) Analyze the impact of monetary policy actions on real output.

b) Evaluate the quantitative significance of the channels through which monetary policy and

inflation affect the economy.

c) Understand the incentives facing central banks and to model the strategic interactions

between the central bank and the private sector.

d) Understand how monetary phenomena affect the general equilibrium behavior of the

economy and how nominal prices, inflation, money and interest rates are linked.

e) Link the quantities in the theoretical model to measurable data in developing measures of

monetary policy actions that can be used to estimate the impact of policy on the

economy.

.

of 138

Course Description

Theories of money demand: Review of Classical and Keynesian, Baumol theory, Tobin theory,

Friedman theory. Money supply: Definition, Determinants, The complex money multiplier.

Central Banking: History of central bank, Functions of the central bank, Central bank and

economic growth. Monetary policy: History, Objectives, Types of monetary policy, Monetary

policy tools, Problems of monetary policy. Monetary policy and other macroeconomic variables:

Monetary policy transmission mechanisms, Keynesian, Monetarist and Classical view of

monetary policy. Monetary approach to balance of payments.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Daniels, J. P., & VanHoose, D. (2002). International Monetary and Financial

Economics. (2nd edn), Cincinnati: South-Western Publishing, Inc.

2. Mishkin, F. S. (2007). The Economics of Money, Banking and Financial Markets.

(Alternate edn), Boston: Addison Wesley Publishers, Inc.

3. Blanchard, O. (2011). Macroeconomics. (5th edn: updated), Boston: Pearson Prentice

Hall, Inc.

4. Mishkin, F. S., & Eakins, S.G. (2009). Financial Markets and Institutions. (6th edn),

Boston: Pearson Prentice Hall, Inc.

2.2.23 EAE 402: Economics of Microfinance II

Purpose

The purpose of this course is to deepen the knowledge and understanding of students on operations and

growth dynamics of MSEs, especially how they handle finances. The course is also aimed at introducing

learners to different ways through which MSEs raise capital.

of 138



operations and growth dynamics of MSEs, especially how they handle finances. Students are

also expected to demonstrate understanding of different ways through which MSEs raise capital

Course Description

Sources of capital for MSEs: Internal sources, External sources, Government sources;

Financial institutions: Deposit i n s t i t u t i o n s , Investment intermediaries, Contractual full-

service intermediaries; Categories of bank customers: Corporate clients, Non-corporate clients,

Poor/ rural clients without collateral. Measuring impact, evaluation of investments: Interest

rate determination: Types of interest rates, Effects of inflation on nominal interest rate; Credit

appraisal and management: Default risk, Loan recovery; Law governing microfinance. Savings

and Insurance. Savings and insurance, Subsidy and sustainability, Management microfinance.

Business plans for MSEs

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Aghion, B., and Morduch, J. (2005). The Economics of Microfinance, MIT Press,

Cambridge, England


edition,

Prentice Hall

3. Dias, L. P., and Shah, A.J. (2008). Introduction to Business, 8th

Edition, McGraw-Hill,

USA

2.2.24 EAE 403: Financial Economics

Purpose

The purpose of this course is to introduce students to the subject matter of Corporate Finance and

Investment. It is also aimed at equipping the learners with basic tools of financial administration.

of 138


At the end of this course, students are expected to demonstrate knowledge and understanding of

how firms make prudent investment decisions, guided by discreet financial principles and

manage their cash-flows.

Course Description

Introduction to financial markets and corporate finance. Financial Planning: Corporate financial

models and long-term planning, Short-term finance and planning, Cash and Credit Management.

Valuing an organization’s business. Investment criteria. Capital structure. Risk and Return:

Capital asset pricing model (CAPM), Arbitrage Pricing Model. Mergers and Acquisitions.

Introduction to International Corporate Finance. Financial development and theory.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Madura, J. (2010). Financial Markets and Institutions. 9th

edition, Canada: South-

Western College Publishers


edition,

Prentice Hall

3. Megginson, W.L., and Smart, B.S. (2009). Introduction to Corporate Finance, USA:

South-Western College Publishers

4. Ross, S.A., Westerfield, R.W., and Jaffe, J. (2007). Corporate Finance. 8th

Edition,

McGraw-Hill.

5. Pratt, S.P., and Niculita, A.V. (2008). Valuing a business: the analysis and appraisal of

closely held companies. 5th

Edition, McGraw-Hill

2.2.25 EAE 404: Economics of Public Enterprises

Purpose

The purpose of this course is to provide students with basic understanding of the economics of

business enterprises as paradigms for rational behaviour in public enterprises and various other

non-profit organizations.

of 138



how business enterprises function; and be able to use macroeconomic techniques for planning,

organizing, financing, marketing and management of public organizations

Course Description

Role of the State in Society. The public sector. Rationale and importance of public enterprises.

Management issues: Principal-Agent problem; performance measurement; product pricing.

Concerns and strategies in public enterprise reform: Restructuring; Regulation/Deregulation;

Privatization; Public-Private partnership. Case studies in public enterprise reform.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Stretton H. & Orchard (1994). Public Goods, Public Enterprise, Public Choice:

Theoretical Foundations of the Contemporary Attack on Government, London:

MacMillan Press

2. Bos, D. (1986). Public Enterprise Economics: Theory and Application, Amsterdam:

Elserview Science Publishers

3. Bailey S.J. (2000). Public Sector Economics: Theory, Policy and Practice, New York:

Palgrave Press

4. World Bank (1995). Bureaucrats in Business: The Economics and Politics of

Government Ownership, Washington DC: Oxford University Press.

5. Hughes O.E. (1994). Public Management and Public Administration, London:

MacMillan Press

6. Shirley M. and J. Nellis (1991). Public Enterprise Reform: The Lesson of Experience,

World Bank: Washington DC

7. Jones, L.P. (1991). Performance Evaluation for Public Enterprises, World Bank:

Washington DC

2.2.26 EAE 405: Development Planning

of 138

Purpose

The purpose of this course is to introduce and deepen understanding of the students to

development planning, development planning techniques and strategies, and experiences with

development planning.



development planning, and development planning techniques and strategies. Students should also

be able to identify and relate the development planning techniques adopted in the respective

countries and the outcomes of such planning models.

Course Description

Theories and techniques for development planning. Types of plans. Planning experiences in

developing countries. Planning tools for closed and open economies; macro models, multi-sector

models including input-output, social accounting, linear programming and computable general

equilibrium models; cost benefit analysis in project appraisal.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Nyandemo, S. M. et al. (2003): Economics of Development and Planning, Dehra

Dun(India), Bishen Singh Mahendra Pal Singh Press.

2. Arthur-Lewis, W. (1968). Development Planning: Essentials of Economics Policy,

London: George Allen and Unwin Ltd.

3. Todaro, M. P. (1985). Development Planning: Models and Methods, Nairobi: Oxford

University Press.

4. Perkins, F. C. (1994). Practical Cost Benefit Analysis: Basic Concepts and Applications,

Melbourne: Macmillan.

5. Waterston, A. (1969). Development Planning: Lessons of Experience, Baltimore: J. H. U.

Press

6. Hutchinson. Hughes O.E. (1994). Public Management and Public Administration,

London: MacMillan Press

of 138




Washington DC

2.2.27 EAE 406: Regional Economics

Purpose

The purpose of this course is to introduce and deepen understanding of the students to issues

concerning regional planning and development.



regional planning, national economic planning and development planning, and planning

techniques and strategies at the regional level. Students should also be able to identify and relate

the development planning techniques adopted in the respective regions and the outcomes of such

planning models.

Course Description

Regional planning and growth models: input-output, programming, and econometric models

used by planning agencies. Analysis of inter-regional production, trade, migration, firm location

and pricing models. Metropolitan Areas: Specialization, Trade and Growth, Property Markets.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment






2. Arthur-Lewis, W. (1968). Development Planning: Essentials of Economics Policy, London:

George Allen and Unwin Ltd.

of 138

3. Todaro, M. P. (1985). Development Planning: Models and Methods, Nairobi: Oxford University

Press.



5. Waterston, A. (1969). Development Planning: Lessons of Experience, Baltimore: J. H. U. Press






Washington DC

2.2.28 EAE 407: Agricultural Economics

Purpose

The purpose of this course is to equip the students with an understanding of critical concepts of

economic theory and their applications to issues in agriculture.


At the end of this course, students are expected to have acquired and developed critical thinking

skills and the fundamental principles of agricultural economics from a developing country

perspective. The students will also be expected to have acquired broad-based knowledge about

the role and contribution of agriculture to overall economic growth and development, especially

for developing countries.

Course Description

Introduction to Agricultural Economics: Analytical concepts in agricultural economics.

Agricultural production and pricing. Intermediate and future markets. Agricultural development;

issues in land development, marketing, finance, and technological process. World agriculture.

The supply of and demand for food in Kenya. The role of agriculture in economic development.

Institutional factors in agricultural land use.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138


1. Mundlack, Y., (2000). Agriculture and Economic Growth: Theory and Measurement.

Harvard University Press

2. Ray, D. (1998). Development Economics, Princeton University Press, (DR)

2.2.29 EAE 408: Economics of Industry

Purpose

The purpose of this course is to to provide students with foundations and skills of analysing the

strategic behavior of firms, the structure of markets and their interactions including functioning

of markets.


At the end of this course, students are expected to: be able to recognize the relevant market

structure and understand its implications for market performance. Students should also be able to

understand the basic concepts and methodologies that explain acquisition and use of market

power by firms.

Course Description

Definition of concepts and scope of industrial economics; Market power; Structure-Conduct-

Performance paradigm. Theory of the Firm and Industry and objectives, Characteristics of a firm.

Market Structure Determination: Perfect competition, Monopoly, oligopoly. Price

Discrimination and Vertical Relationships: Market concentration, diversification, vertical

integration, mergers. Product Differentiation and Advertising. Economic Efficiency and

Industrial Production: Technical efficiency, Allocative Efficiency, Industrial Production

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Church J., Ware R. (2000). Industrial Organization. A Strategic Approach. Irwin:

McGraw Hill

2. Martin S. (1989). Industrial Economics, Economic Analysis and Public Policy,

of 138

McMillan: New York

3. Pepall L., Richards D., Norman G. (2002). Industrial Organization: Contemporary

Theory and Practice. 2nd. ed. South-Western

4. Scherer, Frederic M., and David Ross (1990). Industrial Market Structure and Economic

Performance, Houghton-Mifflin

5. Shy, Oz (1995). Industrial Organization: Theory and Applications, MIT Press

6. Barthwal R.R. (1988). Industrial Economics: An Introductory Text Book, New Delhi: Wiley

Eastern Limited.

2.2.30 EAE 409: Rural and Agricultural Development

Purpose

The purpose of this course is to equip the students with an understanding of critical concepts of

economic theory and their applications to rural and agricultural development.


At the end of this course, students are expected to have acquired and developed critical thinking

skills and the fundamental principles of rural and agricultural development. The students will

also be expected to have acquired broad-based knowledge, skills and strategies for promoting

rural and agricultural development.

Course Description

Structure of rural economies in developing countries. Problems of technological change in

agriculture. Rural-urban flow of resources and commodities. Determinants of growth and income

distribution in a rural economy. Alternative agricultural technologies. Green revolution. Effects

of price policy, credit, marketing, land tenure and social on rural incomes and employment.

Alternative options for rural development; planning for rural development.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



http://mitpress.mit.edu/catalog/item/default.asp?ttype=2&tid=4262

of 138


1. Nyandemo, S. M., et al. (2003): Economics of Development and Planning, Dehra





2.2.31 EAE 410: Demographic Economics

Purpose

The purpose of this course is to expose students to concepts and principles of economics as

applied in demographic issues. It aims to expose students to major population issues with

reference to developing countries and in particular East Africa.


At the end of this course, students are expected to demonstrate knowledge and understanding of:

mortality and fertility rates in developing countries; models of demographic change; and

population growth and economic development. Students should also be able to compare

mortality and fertility rates in developing countries, construct models of demographic change,

explain the effects of population growth on economic development, interrogate the costs and

benefits of population growth on economic development in developing countries, and relate the

dynamics of mortality and fertility rates in developing countries.

Course Description

Survey of major population issues with reference to East Africa. Demographic transition.

Determinants of mortality and fertility rates in LDCs. The current state of demographic transition

in developing countries. Economic models of demographic change. Population growth and

economic development. Fertility control programmes, with special reference to East Africa.

Statistical techniques in demographic analysis.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138


1. Kpedekpo, G.M (2011). Essentials of Demographic Analysis for Africa, 2nd

Edition

London.

2. Nyandemo, S. M., et al. (2003): Economics of Development and Planning, Dehra



2.2.32 EAE 411: Economics of Natural Resources

Purpose

The purpose of this course is to equip students with the knowledge and understanding of natural

resources, and their optimal extraction and utilization.



theories and models of natural resource economics. The students should also demonstrate an

understanding and appreciation of the natural resource-economic linkages.

Course Description

Analysis of market mechanisms that allocate energy and natural environmental resources.

Investigation of actual and optimal resource allocation across uses and time. Review of

arguments of public intervention. Public policy problems, relating to the environmental and

natural resources development and management. Natural resource demand and forecasting

models. Natural resources and environmental issues in East Africa.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Bromley, Daniel., ed. (1995). The Handbook of Environmental Economics, Blackwell

Publishers, Cambriedge, M.A.

2. Hanley, N., Shogren, J.F., and White, B. (2006). Environmental Economics in Theory

and Practice, London: MacMillan University Press.

of 138

3. Kolstad, C. (2000). Environmental Economics, Oxford University Press

2.2.33 EAE 412: Project Appraisal

Purpose

The purpose of this course is to expose students to the subject of rational decision-making and choice

regarding investment projects.



rational decision-making and choice regarding investment projects. Students should also be able

apply the principles and practice of cost benefit analysis and other similar techniques for

evaluating investment projects, and explain the sources of divergence between public and private

investment decisions through the estimation of shadow prices in the context of market distortions

and disequilibria.

Course Description

The project concept. Identification and selection of project. Theory and practice of benefit cost

analysis and other similar techniques for evaluating investment projects. Emphasis on sources of

divergence between public and private investment decisions through the estimation of shadow

prices, in a context of market distortions and disequilibria. Case studies applying theoretical and

applied approaches to investment projects.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Christine, P, PMP. (2013). The Practical Guide to Project Management, 1st Edition,

eBooks, bookboon.com, ISBN 978-87-403-0524-1

2. Larson, E. W. (2013). Project Management: The Managerial Process, 6th

edn, Mc-Graw-

Hill, New York

of 138

3. Burke, R. (2013). Project Management, Planning and Control Techniques, 5th

edn,

Hoboken, New Jersey, Wiley and Sons.

4. Heagney, J. (2012). Fundamentals of Project Management, 4th

Edition, Washington DC:

American Association of Management, ISBN-13:9780814417485

5. Darnall, R.W., and Preston, J.M. (2012). Beginning Project Management, V.1.1, eBooks,

http://2012books.lardburket.org/

2.2.34 EAE 413: Energy and Environmental Economics

Purpose

The purpose of this course is to equip students with the knowledge and understanding of energy

and environmental economics.



theories and models of natural resource economics. The students should also demonstrate an

understanding and appreciation of energy and environmental economics and its contribution to

economic growth and development.

Course Description

Energy and environmental resources characterized from physical economic and legal

standpoints. Welfare arguments for public sector interventions. Methodologies for assessing

environmental impacts of projects and new technologies. Energy demand and forecasting

models. Costs and sources of energy in East Africa.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Bromley, Daniel., ed. (1995). The Handbook of Environmental Economics, Blackwell

Publishers, Cambriedge, M.A.


and Practice, London: MacMillan University Press.

of 138

3. Kolstad, C. (2000). Environmental Economics, Oxford University Press

2.2.35 EAE 414: Theory of Finance

Purpose

The purpose of this course is to expose students to the fundamentals and proof of theories used in

Financial Economics.



the fundamentals and proof of theories used in Financial Economics; and demonstrate

understanding and application of the theories used in asset pricing, security exchange markets

and portfolio selection.

Course Description

Utility Theory Arbitrage and pricing, The portfolio problem. Mean-variance portfolio analysis.

Generalized Risk, portfolio selection. Asset pricing portfolio separation theories. The linear

factor model in arbitrage pricing theory. Equilibrium models with complete markets. General

equilibrium considerations in asset pricing.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Huang, C., and Litzenberger, R.H. (1988). Foundations for Financial Economics, New

Jersey, USA: Prentice Hall,

2. LeRoy, S.F., and Werner, J. (2000). Principles of Financial Economics, London:

Cambridge University Press

3. Ross, S. A., (1978). “Mutual Fund Separation in Financial Theory: The Separating

Distributions”. Journal of Economic Theory, Vol 17 pp 254-286

of 138

2.3 Master Programmes


The philosophy of the various Master Programmes in Economics is to train and equip students

with requisite skills, knowledge and competencies on applied economics, quantitative techniques

and tools for econometric analysis and decision making in the preferred field of economics.


The Master Programmes in Economics were developed in response to growing market need for

people with requisite knowledge, skills and attitudes on diverse areas of economics. A large

number of students with advanced degrees in economics are increasingly being employed in the

public and private sectors of the economy in specific areas that require the students to be

provided with knowledge and skills applicable to understanding issues in the fields of economics

and finance.


The goal of the programme is to facilitate learners to acquire advanced knowledge, skills and

tools that would facilitate them to undertake measurement and analysis of economic phenomena

areas of economics and finance; and to undertake research and analysis in the relevant field.



a) understand and analyse key theories and principles in the specified field of economics

and finance

b) identify, explain, critique and apply the tools used in economic analysis

c) apply economic and financial tools in decision making


The Master Programmes are offered under Regular and Evening modes. The mode of delivery is

the face to face interaction.


Kenyatta University examination regulations shall apply to all the Master Programmes.


Examinations given at the end of each semester shall contribute 60% of the total marks.

Continuous assessments shall constitute the remaining 40%.

The end of semester examination shall take three (3) hours per unit.

The pass mark shall be 50% in each unit.

A candidate who fails to obtain 50% in any unit(s) may be permitted on the

recommendation of the Board of Examiners and with approval of the Senate to take

supplementary examinations in the failed units up to a maximum of two units in any one

academic year.

A supplementary examination shall be assessed out of 100% and the pass mark shall be

50%.

A candidate who fails in a supplementary examination shall be discontinued.

of 138

A candidate shall not be allowed to undertake project work before passing a

supplementary examination if any.

A candidate who fails more than two units in the ordinary University examinations in any

one year shall be discontinued

Award of the Master degree will be based on a minimum of 15 taught units taken during

the degree programme and a research project which will be regarded as equivalent to four

(4) units



70-100% A

60-69% B

50-59% C

0-49% E (Fail)

2.3.9 Award

Upon successful completion of the course, students will be awarded the respective Master of

Economics Degree of Kenyatta University


Level 700

2.4.1 EAE 700: Economic Development

Purpose

The purpose of this course is to introduce and deepen understanding of the students to issues

relating to economic development, theories of development, and development strategies adopted

by countries.



economic growth and development, including their measurement; and development planning,

and development planning techniques and strategies. Students should also be able to identify and

relate the development planning techniques adopted in the respective countries and the outcomes

of such planning models.

Course Description

Meaning and measurement of economic growth and development. Theories of development

applied to less-developed countries. Adjusting development theories to take account of

indivisibilities, externalities and institutional and social aspects specific to less-developed

countries. Relevance of theories to development strategies adopted by currently less developed

countries. Agricultural and rural development. Industrialization strategies with specific reference

to East Africa.

of 138

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment









University Press.




Press






Washington DC

2.4.2 EAE 701: Project Appraisal

Purpose

The purpose of this course is to expose students who do not have the basic knowledge of project

planning and appraisal to the theory and practice of benefit cost analysis and other similar

techniques for evaluating investment projects.



rational decision-making and choice regarding investment projects. Students should also be able

apply the principles and practice of cost benefit analysis and other similar techniques for

evaluating investment projects, and explain the sources of divergence between public and private

of 138

investment decisions through the estimation of shadow prices in the context of market distortions

and disequilibria.

Course Description

Theory and practice of benefit cost analysis and other similar techniques for evaluating

investment projects. Emphasis on sources of divergence between public and private investment

decisions through the estimation of shadow prices, in a context of market distortions and

disequilibria. Case studies applying theoretical and applied approached to investment projects.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment







edn, Mc-Graw-

Hill, New York


edn,







Level 800

2.4.3 EAE 800: Project Planning, Monitoring and Evaluation

Purpose

This course is designed to equip students with the knowledge and skills for undertaking project

planning, monitoring and evaluation. It is also meant to expose students to rational decision-

making and management of projects.

of 138


By the end of this course, students should be able to demonstrate knowledge and understanding

of project planning, preparation, analysis and execution; develop, plan and manage a project; and

identify and explain the causes of poor project performance in developing countries, especially

Africa

Course Description

Project Management. Project Phases (Cycle). Steps in Managing a Project. A General Model of

Project Management. Project planning; Developing Project Implementation Plan. Prerequisite of

Project Implementation. Critical Path Analysis. Project Preparation and analysis. Project

appraisal: feasibility analysis, financial analysis, measures of project worth. Analysis of Risks

and Uncertainties. Incorporating uncertainties in project appraisal. Project control, monitoring,

evaluation and reporting.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment







edn, Mc-Graw-

Hill, New York


edn,







of 138

2.4.4 EAE 801: Development Theories and Strategies

Purpose

The purpose of this course is to explore the theories and strategies for economic growth and

development.



of theories and strategies of development. They should also be able to design and implement

development programs; and be able to review and critique various development strategies.

Course Description

Development: the defining issues. Evolution of development economics. Historical shifts in

focus of development strategy. The traditional and radical schools of development: the stages

model; Balance/imbalance in strategy; labour surplus model; Role of foreign aid and trade;

Growth pole theory; Historical and geographical factors in Black Africa’s underdevelopment;

Centre-periphery and Dependency models; world capitalist imperialism. Growth policies.

Relationships between politics and development strategies.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Becker, G. S. (1964). Human Capital: A Theoretical and Empirical Analysis, With

Special Reference to Education, New York, NBER.

2. Kremer, M. (1993). “The O-ring Theory of Economic Development,” Quarterly Journal

of Economics, Vol. 108, 551-575.

3. Malthus, T. R. (1798). Essay on the Principle of Population, London, Penguin.

4. Meier, G. M. (2001). “The Old Generation of Development Economists and the New”, in

Meier, G. M. and J. E. Stiglitz (eds.). Frontiers of Development Economics: The Future

in Perspective, New York, Oxford University Press, 13-50.

of 138

5. Romer, P. (1990). “Endogenous Technological Change”, Journal of Political Economy,

Vol. 98, 71-102.

6. Rostow, W.W. (1960). The Stages of Economic Growth, Cambridge, Cambridge

University Press.

7. Sen, A. (1999). Development as Freedom, New York, Oxford University Press.

8. Stiglitz, J. E. (2002). Globalization and its Discontents, New York, W.W. Norton and Co.

2.4.5 EAE 802: Planning Techniques

Purpose

The purpose of this course is to deepen the understanding of students on various techniques in

development planning.



development planning, and types of development planning techniques and strategies. Students

should also be able to identify and relate the development planning techniques adopted in the

respective countries and the outcomes of such planning models.

Course Description

Types of planning techniques National accounting methods and their application to planning,

input-output analysis and programme budgeting linear programming. Techniques and issues in

population, manpower and educational planning. Techniques in short term economic

management.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment






of 138




University Press.




Press

2.4.6 EAE 803: Monetary Theory and Practice I (Title revised)

Purpose

The purpose of this course is to develop students’ competence in the analysis of the role of

money and financial institutions in an economy.



of the types and roles of monetary and financial institutions; identify and explain the theories of

demand and supply of money; and explain the various types of banking and monetary policies.

Course Description

Introduction: Issues in Monetary economics. Demand for Money: Micro foundations of Money,

Theories of the Demand for Money. Supply of Money: Definitions of Money Supply,

Endogenous Money Supply, Credit Creation Process, Money Supply and other Economic

Variables. Money and Price Level: Types and Measures of Inflation, Inflation Targeting. Central

Banking and Monetary Policy

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Mervyn, K. and Paul, D. (2000). Monetary Economics, Oxford University Press

of 138

2. Capie, F. and Wood, G. (eds) (1996). Monetary Economics in the 1990s: The Henry

Thorton Lectures, Numbers 9-17

3. Goodhart, C.E. (1995). The Central Bank and Financial System, London: MacMillan

Press

4. Agenor, P.R and Montiel, P.J. (1998). Development Macroeconomics. Princeton:

Princeton University Press

5. Walsh, C.E (2003). Monetary Theory and Policy. Cambridge, Mass: The MIT Press

2.4.7 EAE 804: Monetary Theory and Practice II (Title revised)

Purpose

The purpose of this course is to expose students to financial institutions and financial

intermediation. It is also aimed at developing the competence of students in the analysis of the

role and effects of financial institutions and financial intermediation in an economy.



of different types of financial institutions, the concept of financial intermediation and its effect;

regulation and deregulation of financial institutions; informal financial sector and its operations;

and financial development and financial globalization.

Course Description

Financial Institutions and Financial Intermediation: Definitions, Financial Intermediaries and the

Economy. Regulation and Deregulation of Financial Institutions, Informal Financial Sector.

Financial Development and Economic Development. Money in the Open Economy. International

Financial Institutions and Policy. Financial Globalization and developments

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Mervyn, K. and Paul, D. (2000). Monetary Economics, Oxford University Press

2. Capie, F. and Wood, G. (eds) (1996). Monetary Economics in the 1990s: The Henry

Thorton Lectures, Numbers 9-17

of 138

3. Goodhart, C.E. (1995). The Central Bank and Financial System, London: MacMillan

Press

4. Agenor, P.R and Montiel, P.J. (1998). Development Macroeconomics. Princeton:


5. Walsh, C.E (2003). Monetary Theory and Policy. Cambridge, Mass: The MIT Press

2.4.8 EAE 805: Public Sector Economics I

Purpose

The purpose of this course is to expose students to welfare economics, and the theory and

practice of public expenditure. It also exposes students to the theory of public sector economics

theory while drawing on empirical evidence from developed and developing countries.



of the public sector and its impact on resource allocation and income distribution.

Course Description

Foundations of Public Economics: definitions, scope, methodology,structure of the public sector,

pareto optimality and efficiency. Overview of market failure.Theory of public goods: definitions

andprovision.Externalities: Definitions; sources, consequences and corrective mechanisms.

Public Choice Theory:Unanimous Consent, Representative Democracy. Public Expenditure

Theories Public Expenditure Policy In Africa. Public Enterprise Pricing and Incentive

Regulation. Evaluation of Public Projects/Programmes: Government Failure sources and

correction.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Kapklow, L. (2008). Theory of Taxation and Public Economics, Princeton: Princeton

University Press

2. Laffont, J. (1998). Fundamentals of Public Economics, Cambridge, Mass: The MIT Press

3. Stiglitz, J.E. (2000). Economics of Public Sector, 3rd

edn, New York: Norton

of 138

4. Hillman, A.L. (2009). Public Finance and Public Policy: Responsibilities and

Limitations of Government, Cambridge: Cambridge University Press

5. Howard, M. (2001). Public Sector Economics for Developing Countries. Kingston 7:

University of the West Indies Press

6. Atkinson, A.B. and Stiglitz, J.E. (1980). Lectures on Public Economics, New York:

McGraw Hill

2.4.9 EAE 806: Public Sector Economics II

Purpose

The purpose of this course is to expose students to issues of taxation and public debt. It also

exposes students to fundamental concepts and models in the theory of public sector economics,

fiscal federalism, political economy of taxation and inter-governmental fiscal relations.



of sources of public revenue and types of taxes; explain the rationale of taxation in an economy;

perform tax-incidence analysis; and discuss public debt issues as it relates to developing

countries.

Course Description

Rationale for taxation; canons of a good tax system; types of taxes; tax, fees, royalties; fines; and

penalties. Theory of taxation: incentive effects and tax incidence analysis. Theory of optimal

taxation: commodity taxation and income taxation. Tax policy, design, structure, administration

and reforms in developing countries. Inter-governmental fiscal relations: principles, expenditure

and tax assignments. revenue sharing mechanisms. Public debt: fiscal deficits; domestic and

external debt. Budget and budgeting processes.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Kapklow, L. (2008). Theory of Taxation and Public Economics, Princeton: Princeton

University Press

of 138

2. Laffont, J. (1998). Fundamentals of Public Economics, Cambridge, Mass: The MIT Press

3. Stiglitz, J.E. (2000). Economics of Public Sector, 3rd

edn, New York: Norton



5. Howard, M. (2001). Public Sector Economics for Developing Countries. Kingston 7:

University of the West Indies Press

6. Atkinson, A.B. and Stiglitz, J.E. (1980). Lectures on Public Economics, New York:

McGraw Hill

2.4.10 EAE 807: International Trade

Purpose

The purpose of this course is to deepen the students’ knowledge with respect to the economic

theories, models and methodologies used in the analysis of key issues in international trade.



of the mechanisms/operations of international trade, theories of international trade and

international trade policies and economic development. The students should also have grasped

the way in which participation in the global economy affects consumers, businesses, economic

policy and a country’s economy.

Course Description

Pure theory of international trade. Alternative Theories of Trade. International Trade Policy and

Economic Development: Instruments of intervention: measurement and effects. International

finance. Theories and Models of Exchange Rate Determination. Open Economy

Microeconomics: Fiscal and Monetary Policy Under Different Exchange Regimes. International

capital flows: Regional economic integration. International institutions

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Hallwood, C. P. and MacDonald, R. (2000). International Money and Finance, 3rd

of 138


2. Krugman, R.P and Obsfield, M. (1994). International Economics: Theory and Policy, 3rd


3. Pilbeam, K. (1998). International Finance, 2nd


333-73097)

4. Salvatore, D. (1995). International Economics, 5th


Jersey (ISBN 0-02-405381-3)

2.4.11 EAE 808: Labour and Manpower Economics

Purpose

The purpose of this course is to equip the students with the analytical tools required for

examining individual and institutional behavior underpinning labour market phenomena and its

impact on aggregate material progress in society.


By the end of this course, students should be able to appreciate the scope of labour economics;

demonstrate knowledge and understanding of the factors underlying labour market outcomes;

and be able to evaluate public policy impacts on aggregate variables pertaining to the labour

market.

Course Description

Scope of and philosophical perspectives in labour economics. Labour Supply: Short run labour

supply analysis. inter temporal labour supply models. Labour Demand: Demand in competitive

and non-competitive markets. Equilibrium Employment Determination. Job models. Economics

of labour Unions: union behaviour: objectives and instruments, effects of trade unions on wages,

labour supply and profitability; trade unions and macroeconomic growth and stability.

Productivity management.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138


1. Cahuc, P. and Zylbergerg, A. (2004). Labour Economics, MIT Press

2. Ashenfelter, O. and Layard, R. (ed)(1986). Handbook of Labour Economics: Vol. 2,

North-Holland

3. Ashenfelter, O. and Card, D. (ed)(1990). Handbook of Labour Economics: Vol. 3, North-

Holland

4. Killingsworth, M. (1983). Labour Supply, Cambridge: Cambridge University Press

5. Hamermesh, D. (1993). Labour Demand, Princeton: Princeton University Press

6. Addison, J. T and Siebert, W.S. (1979). The Market for Labour: An Analytical Treatment.

Santa Monica, California: Goodyear Publishing Company, Inc

7. Smith, S.W. (1994). Labour Economics, Routledge: London

8. Bosworth, D. D. and Stromback., T. (1996). The Economics of the Labour Market,

England and Singapore: Addison Wesley Longman Limited.

2.4.12 EAE 809: Transport Economics

Purpose

The purpose of this course is to introduce students to impact assessment techniques for major

transportation projects and policies. In addition, it discusses the political debates around

transportation finance highlighting winners and losers in various financing policies.


By the end of this course, students are expected to: think critically about transportation

economics; be able to evaluate economic policies that affect the transportation system; apply

basic econometric methods to the analysis of transportation data; understand the institutional and

political barriers associated with transportation pricing and financing; actively discuss and debate

contested transportation economic issues; and identify detailed elements of the transportation

economics sub-field that may be appropriate for future thesis/project work.

Course Description

Economic Development and Trade Facilitation: Air transport and airport operations; Inland

water transport, maritime transport and port operations; Multimodal transport, rail transport,

trade logistics and facilitation. Transit transport operations. Competition in network economics.

Pricing schemes, regulation. Static approaches in assessment, dynamic approaches in assessment.

System dynamics modelling.

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment




1. Levinson, D. (2015). Transportation Economics, Wiki Book. Available online at

https://en.wikibooks.org/wiki/Transportation_Economics

2. Kockelman, K., Chen, D., Larsen, K., and Nichols, B. (2013). The Economics of

Transportation Systems: A reference for Practitioners. The University of Texas.

Available from amazon.com and from

http://www.utexas.edu/research/ctr/pdf_reports/0_6628_P1.pdf3

3. Gomez-Ibenez, J., Tye, W., & Winston, C. editors (1999). Essays in transportation

economics and policy. Washington DC USA: Brookings Institution Press. Available in E-

Book through McGill Library.

4. Button, K. (2010). Transport Economics. Cheltenham UK: Edward Elgar; 3rd edition.

5. Button, K. & Reggiani A. editors (2011). Transportation and Economic Development.

Northampton, MA: Edward Elgar Publishing.

2.4.13 EAE 810: Environmental Economics

Purpose

The purpose of this course is to introduce students to tools and techniques used in promoting

efficient and equitable use of society's scarce environmental resources.



the market allocation, efficient allocations, equitable allocations, and government attempts to

achieve a more efficient and equitable allocation. Students are also expected to demonstrate

knowledge and understanding of market failure and the economic valuation of environmental

amenities.

Course Description

Basis of environmental issues and policies, examination of property rights, externalities and the

common-property basis of environmental problems, alternative policies involving air and water

pollution, solid-waste disposal, hazardous substances, wilderness preservation and the protection

of endangered species, allocation of environmental services, efficiency and market failure;

measuring environmental benefits; environmental regulation in Kenya and elsewhere: taxes,

tradable permits and other instruments.

Mode of Delivery

i. Lectures




i. Online resources



of 138


Course Assessment




1. Bateman I. J. and Turner K.R. (1993). “Valuation of the Environment, Methods and

Techniques: The CVM” in Sustainable Environmental Economics and Management.

London P.120-191.

2. Katar, S. and Shishoda, A. (2007). Environmental Economics. Sage Publications India

Pvt Ltd, India.

3. Kolstad, C.D. (2000). Environmental Economics. USA: Oxford University Press

4. Lescuyer, G. (1998). “Globalization of Environmental Monetary Valuation and

Sustainable Development. An Experience in the Tropical Forest of Cameroon”,

International Journal of Sustainable Development, 1(1), 115-33.

5. Morteza, R. (2005). Contingent Valuation Method, California State University. Fullerton,

USA.

6. Munasinghe, H. (1993). “Environmental Economics and Sustainable Development”.

World Bank Environmental Paper, No.3. World Bank, Washington DC.

2.4.14 EAE 811: Agricultural Economics

Purpose

The purpose of this course is to build the understanding of the students to critical concepts of

economic theory and their applications to issues in agriculture. It is also aimed at exposing

students to the empirical techniques of testing theoretical propositions pertaining to agriculture.


By the end of this course, students are expected to be well versed in critical thinking and the

fundamental principles of agricultural economics from an African perspective. The students are

also expected to demonstrate knowledge and understanding of the role and contribution of

agriculture to the overall economic development of countries.

Course Description

Rationale and objectives of agricultural policies. Policy making process: target variables; policy

instruments; policy implementation. Policy reforms affecting agriculture: Structural Adjustment

Programs; Poverty Reduction Strategies; Other policy initiatives (NEPAD, Regional integration

and trade, and Millennium Development Goals (MDGs). Food Policy analysis: pricing,

marketing and trade; food and nutrition security. Science and technology policy in agriculture.

Mode of Delivery

i. Lectures




i. Online resources

of 138




Course Assessment







3. Sadoulet, E. and de Janvry, A. (1995). Quantitative Development Analysis. Johns

Hopkins University Press

4. Debertin, D. (1994). Agricultural Production Economics. 2nd

edition, University of

Kentucky

2.4.15 EAE 812: International Finance

Purpose

The purpose of this course is to deepen the knowledge and understanding of students on

economic theories, models and methodologies used in the analysis of policy issues in

international finance.



the mechanisms and operation of the open economy accounting, balance of payments, fiscal and

monetary policy tools, international capital flows, and how international institutions and regional

integration affect internal capital flows.

Course Description

Open Economy Accounting. Balance of Payments Accounting. Monetary Accounting. Foreign

exchange markets. Exchange rates and interest rates. Balance of payments: elasticity and

absorption approach to balance of payments. Theories and models of exchange rate

determination: The Swan model; the Mundell-Fleming model; the overshooting model.

International financial institutions. Regional economic integration.

Mode of Delivery

i. Lectures




i. Online resources



of 138


Course Assessment




1. Pillbeam, K. (1992). International Finance, London: MacMillan Press Ltd

2. Gandolfo, G. (1987). International Economics II: International Monetary Theory and

Open Economy Macroeconomics, Berlin: Springer-Verlag

3. Hallwood, C.P. and MacDonald, R. (1994). International Money and Finance, Oxford:

Blackwell Publishers

4. Bayoumi, T. (1990). “Saving-Investment Correlations: Immobile Capital, Government

Policy or Endogenous Behaviour?”, IMF Staff Papers, 37, pp 360-387

5. Fielstein, M. and Horioka, C. (1980). “Domestic Savings and International Capital

Flows”, Economic Journal, 90 June, pp 311-350

6. Cooper, R. (1968). “Balance of Payments in Review”, Journal of Political Economy, 75,

1968

2.4.16 EAE 813: Theory of Finance

Purpose

The purpose of this course is to introduce students to the theory of finance so as to develop an

understanding of economic principles as applied to financial markets.



the financial markets, utility theory, arbitrage and pricing; apply economic concepts and

techniques to analyze the special features financial markets; and be able to analyze financial

markets and financial investment issues.

Course Description

Utility Theory, Arbitrage and pricing. The portfolio problem. Mean-variance portfolio analysis.

Risk and portfolio selection. The linear factor model in arbitrage pricing theory. Equilibrium

models with complete markets. Capital budgeting and long-term finance. Investment decisions

by firms, Investment decisions by individuals. Capital Asset Pricing Model (CAPM). Arbitrage

Price Theory (APT). Capital asset pricing under uncertainty. Portfolio separation theories.

Mode of Delivery

i. Lectures




i. Online resources


of 138



Course Assessment




Thomas, E.C., Weston, J.F and Shastri, K. (2013). Financial Theory and Corporate Policy. New

York: Pearson Education (New International Edition).

Huang, C., and Litzenberger, R.H. (1988). Foundations for Financial Economics, New Jersey,

USA: Prentice Hall,

LeRoy, S.F., and Werner, J. (2000). Principles of Financial Economics, London: Cambridge

University Press

Ross, S. A., (1978). “Mutual Fund Separation in Financial Theory: The Separating


2.4.17 EAE 814: Financial Analysis

Purpose

The purpose of this course is to introduce students to the theory and techniques of undertaking

financial analysis.



the nature and scope of financial analysis, undertake measurement of business results; and

perform an analysis of capital investment decisions.

Course Description

Nature and scope of financial analysis. Business as a system of funds flow. Measurement of

business results: projection of business results, operating budgets, proforma statements, financial

modelling. Analysis of capital investment decisions. Analysis of financial funds sources and cost

of alternative sources. Sources of financial resources. Cost of financial resources. Sources of

financial information.

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment













2.4.18 EAE 815: Economics of Asset Pricing

Purpose

The purpose of this course is to deepen the understanding of the students on asset pricing and its

applications in economic analysis.



portfolio theory management, asset pricing and the theories underpinning it, and asset allocation

strategies and performance measurement.

Course Description

Portfolio theory and management: Risk and return; mean-variance analysis; optimal portfolios

and diversification. Asset pricing under certainty, asset pricing under uncertainty. Asset pricing

theories: Capital Asset Pricing Model and extensions and Arbitrage Pricing Theory. Asset

allocation strategies and performance measurement. Derivatives and bond pricing, option pricing

theory, forward and future prices, factor pricing, mutual funds, and investment styles in the APT,

interest rate risk, duration and minimization strategies.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment

of 138







USA: Prentice Hall,


University Press



2.4.19 EAE 816: Corporate Finance and Investment I

Purpose

The purpose of this course is to enable students to undertake a comprehensive coverage of the

basic concepts, theories, applications and decision-making rules for financial investments. The

course also aims at helping students to develop a broad knowledge and understanding of

portfolio management and investment analysis.



the practical implications of financial theory; acquire a framework for understanding the returns

on all financial assets, including stocks, bonds and financial derivatives; and be able to assess

and avoid the psychological biases that trip up many investors.

Course Description

Introduction: Objectives, Main Issues. Institutional Structure: The Role of Financial Markets,

Market Participants, Money and Capital Markets in Africa. Issuing and Trading of Financial

Assets. Understanding Financial Statements. Valuation Methods and Techniques. Capital

Budgeting. Portfolio Theory and Asset Pricing. Short-term Financing and Development Finance.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138


1. Brealey, R. A., Myers, S. C., & Marcus, A. J. (2007). Fundamentals of Corporate

Finance, (5th edn), New York: McGraw-Hill Companies, Inc.

2. Fabozzi, F. J., Modigliani, J. & Jones, F. J. (2007). Capital Markets: Institutions and

Instruments, (3rd edn), New Jersey: Pearson Education, Inc.

3. Alexander, G. J., Sharpe, W. F., & Bailey J. V. (2001). Fundamentals of Investments,

(3rd edn), New Jersey: Prentice-Hall, Inc

2.4.20 EAE 817: Corporate Finance and Investment II

Purpose

The purpose of this course is to enable students to explore the theoretical and analytical aspects

of corporate finance.



the financial analysis, market efficiency, capital structure theories, and techniques of derivatives

and hedging.

Course Description

Market Efficiency: Efficient markets hypothesis, Joint hypothesis problem. Capital Structure

Theories. Dividend Policy: Theories of Dividend Policy, Empirical Evidence. Derivatives and

Hedging Techniques. Securitization. Corporate Control, Mergers and Acquisitions. Analysis of

Financial Distress. Further Topics in Corporate Finance: Corporate Governance, Real Options,

Mutual Funds.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment








of 138



2.4.21 EAE 818: Economics of Entrepreneurial Finance

Purpose

The purpose of this course is to prepare students to be competent in the skills of an entrepreneur

and corporate financial manager. It focuses on the specific needs of entrepreneurial ventures,

including startup and development phase financial and management problems.



the techniques for preparing and applying financial models to appraise the value of a venture or

better evaluate the market potential of an opportunity. Students are also expected to attain a

broad understanding of management principles and techniques such as communication,

reporting, motivation, conflict management, risk management and hiring and firing decisions. It

is also expected that students will be able to develop skills to prepare and present a financially

sound investment presentation to top management and/or investors, and exercise the powers of

inquiry, logical thinking and critical analysis, interpret and evaluate theoretical arguments and

empirical evidence.

Course Description

Financing decisions of entrepreneurs. Identification and valuation of entrepreneurial business

opportunities. Sources of funds. Structure of financial contracts to manage risk and align

incentives. Preparations and execution of initial public security offering.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Leach, J.C and Melicher, R.W. (2015). Entrepreneurial Finance, CENGAGA Learning,

5th

edn, ISBN 978-1-285-42575-7

of 138

2. Keith A.A. (2007). Modeling Structured Finance Cash Flows, John Wiley &Sons, Inc.,

ISBN 9780-470-04290-8

3. Tjia, J.F. (2009). Building Financial Models, McGraw Hill, ISBN 978-0-07162-126-7

4. Pignataro, P. (2013). Financial Modeling and Valuation, Wiley Finance Series ISBN

978-1-118-55876-8

2.4.22 EAE 819: International Trade, Aid and Finance

Purpose

The purpose of this course is to examine issues related to the effectiveness of foreign aid on

poverty reduction and the role of 'aid for trade' in achieving sustainable development.



of the: key determinants of global poverty and the role of aid in dealing with the challenge of

poverty alleviation; and variety of objectives, motivations, forms and modes of delivery of aid

including mechanisms for evaluating aid effectiveness. Students should also be able to evaluate

the effectiveness of aid in advancing economic development in developing countries amidst the

complexity of trade and investment flows, debt relief and governance issues; analyze the role of

Aid for Trade, how it can underpin trade agreements and its capacity to contribute to sustainable

development including the role of the private sector in its design and delivery; and research,

critically analyze and develop recommendations on the future of aid and ‘aid for trade’ in

reducing global poverty.

Course Description

Neo-classical models of trade, international trade policy, trade policy and economic growth.

Trade strategy and industrialization, trade reforms and structural adjustment policies (SAPs).

International capital flows and economic growth, foreign direct investment and economic

development. International finance institutions (World Bank, IMF) and globalisation. The

external debt and its effects on development.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138


1. Asia Development Bank, (2015). Aid for Trade in Asia and the Pacific: Thinking

Forward About Trade Costs and the Digital Economy, www.adb.org/publications/aid-

trade-asia-and-pacific

2. Lowy Institute, (2015). The State of Australian Foreign Aid, Sydney, Australian,

available at www.lowyinstitute.org

3. Ben-David, D., Nordstrom, H. and Winters, A. (1999). “Trade, Income Disparity &

Poverty”, WTO Special Studies, WTO Publications, Geneva, available at

www.wto.org/english/res_e/booksp_e/special_study_5_e.pdf

4. Chossudovsky, M. (1999): “The Globalisation of Poverty: Impacts of IMF and World

Bank Reforms”, Zed Books.

5. Cameron, H. and Njinkeu, D. (ed.) 2009: “Aid for Trade and Development”, Cambridge

University Press.

6. Browne, S. (2006): “Aid and Influence: Do Donors Help or Hinder?”, Earthscan

Publications, London and Sterling.

7. Brown, O. (2006): “Trade, Aid and the Millennium Development Goals: Reaching the

Goals in an Insecure World”, IISD Commentary, March 2006, available at

http://www.iisd.org/pdf/2006/commentary_tas_2.pdf

2.4.23 EAE 820: Financial Reforms and Macroeconomic Policies

Purpose

The purpose of this course is to provide students with a treatment of the key relationships

between finance and development. It also aims to build the case for finance in addressing

poverty, small and microenterprise growth and financial deepening.


By the end of this course, students should be able to appreciate the depth and role of finance in

addressing micro and macro-economic growth; understand the role of finance in addressing

poverty and, SME growth and economic growth; understand the drivers and key barriers to

financial inclusion in the economy; appreciate the methodological and research issues around

measurement of financial development, inclusion, access and evaluation; and apply the

knowledge of these relationships in informing finance-development debate.

Course Description

The long-term relationship between financial development and economic growth. Stabilisation

policy in an open developing economy and the impact of structural adjustment. Recurrent

banking crises in developing countries. Policies to resolve financial crises caused by asymmetric

information and moral hazard, fiscal and monetary instruments.

Mode of Delivery

i. Lectures



http://www.adb.org/publications/aid-trade-asia-and-pacific

http://www.adb.org/publications/aid-trade-asia-and-pacific

http://www.lowyinstitute.org/

http://www.wto.org/english/res_e/booksp_e/special_study_5_e.pdf

http://www.styluspub.com/clients/ear/default.aspx

http://www.iisd.org/pdf/2006/commentary_tas_2.pdf

of 138


i. Online resources




Course Assessment




1. Beck, T., & Cull, R. (2013). Banking in Africa. Retrieved from;

2. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2348417

3. Beck, T., Feyen, E., Ize, A., & Moizeszowicz, F. (2008). Benchmarking financial

development. Retrieved from:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1149571

4. Beck, T., Maimbo, S. M., Faye, I., & Triki, T. (2011). Financing Africa: Through the

Crisis and Beyond. The World Bank. Retrieved from

http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-8797-9

5. Čihák, M., Demirgüç-Kunt, A., Feyen, E., & Levine, R. (2012). Benchmarking financial

systems around the world. Retrieved from


6. Martínez Gutiérrez, C., & Krauss, A. (2015). What Drives Financial Inclusion at the

Bottom of the Pyramid? Empirical Evidence from Microfinance Panel Data. Retrieved

from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2587785

7. Mlachila, M., Cui, L., Jidoud, A., Newiak, M., Radzewicz-Bak, B., Takebe, M., …

Zhang, J. (2016). Financial development in sub-Saharan Africa: promoting inclusive and

sustainable growth. Retrieved from http://elibrary.imf.org/view/IMF087/23663-

9781475532401/23663-9781475532401/23663-9781475532401.xml

8. Ngongang, E. (2015). Financial Development and Economic Growth in Sub-Saharan

Africa: A Dynamic Panel Data Analysis. European Journal of Sustainable Development,

4(2). https://doi.org/10.14207/ejsd.2015.v4n2p369

9. Roe, A. R., & REPOA. (2016). Financial systems in new middle-income African

economies the opportunities and the risks. Helsinki, Finland: United Nations University

World Institute for Development Economics Research. Retrieved from

http://hdl.handle.net/10419/146283

10. van Rooyen, C., Stewart, R., & de Wet, T. (2012). The Impact of Microfinance in Sub-

Saharan Africa: A Systematic Review of the Evidence. World Development, 40(11),

2249–2262. https://doi.org/10.1016/j.worlddev.2012.03.012

2.4.24 EAE 821: Economics of Land and Water Resource Management

Purpose

The purpose of this course is to explore a range of institutions involved in land and water

management and both theoretical and practical approaches to land and water planning, and

economics. Students will explore the roles and responsibilities of a various land and water



http://elibrary.worldbank.org/doi/book/10.1596/978-0-8213-8797-9



http://elibrary.imf.org/view/IMF087/23663-9781475532401/23663-9781475532401/23663-9781475532401.xml

http://elibrary.imf.org/view/IMF087/23663-9781475532401/23663-9781475532401/23663-9781475532401.xml

https://doi.org/10.14207/ejsd.2015.v4n2p369

http://hdl.handle.net/10419/146283

https://doi.org/10.1016/j.worlddev.2012.03.012

of 138

management stakeholder groups, be introduced to practical tools for effective land and water

planning, and learn the principles and frameworks governing land and water economics, and

finance.



characteristics and alternative uses of land and water resources; concepts of resource valuation;

optimization and public/private resource management; and institutional aspects of land and water

resources.

Course Description

Characteristics and alternative uses of land and water resources. Concepts of resource valuation:

market and non-market pricing. Optimization and public/private resource management.

Institutional aspects of land and water resources: Ownership, tenureship, implications for

efficient and equitable use. The impact of population growth, technology and development on

the quantity, quality and supply of land and water resources. Human populations and agricultural

systems.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment






London P.120-191.


Pvt Ltd, India.






USA.



of 138

2.4.25 EAE 822: Natural Resource Economics

Purpose

The purpose of this course is to expose students to theories of efficient utilization of natural

resources, and current practices in the use of resources. It also aims at exposing students to issues

of sustainability, conservation, and preservation of natural resources.



the concept of rent and meanings in the context of natural resources; and basic optimal control

theory and its use, market structure and regulation of natural resources.

Course Description

Concept of rent and meanings in the context of agricultural land. Basic optimal control theory

and its use. Control theory and management of fisheries and forests. Market structure. Costs of

harvesting. Non-consumptive values. Regulation of natural resources.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment






London P.120-191.


Pvt Ltd, India.






USA.



of 138

2.4.26 EAE 823: Growth, Poverty Reduction and the Environment

Purpose

The purpose of this course is to expose students to the concept of poverty, its measurement and

effectiveness of growth and other pro-poor policies in reducing.



the concept of poverty and its measurement; be able to relate and measure the nature and causes

of poverty; and analyse the effectiveness of policies in reducing poverty.

.

Course Description

The concept of poverty. Measurement of poverty. The nature and causes of poverty. Poverty and

economic growth. Poverty alleviation strategies: The effectiveness of policies in reducing

poverty and the design of effective policies. Poverty and environmental degradation. Poverty,

crime and the social order.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. De Janvry, A. and Sadoulet, E. (2016). Development Economics: Theory and Practice,

Routledge NY.

2. Taylor, E and Lybbert, T. (2013). Essentials of Economic Development Economics,

RebelText: Berkeley, California

3. Bardhan, P. and Udry, C. (1999). Development Microeconomics, Oxford UP.



London P.120-191.


Pvt Ltd, India.


of 138





USA.



2.4.27 EAE 824: Labour Markets and Social Policies

Purpose

The purpose of this course is to equip the students with the analytical tools required for

examining individual and institutional behavior underpinning labour markets and social policies.


By the end of this course, students should be able to appreciate the scope of labour economics,

labour markets and social policies; demonstrate knowledge and understanding of the impact of

the international movement of factors of goods, capital and labour; and be able to evaluate the

impact of labour and employment policies.

Course Description

The impact of international movement of goods (trade), capital (foreign direct investment) and

labour (immigration) on unemployment, income and poverty. The effectiveness of active labour

market and other poverty alleviation programs. Effectiveness of social policy and labour

markets, namely trade, human capital, gender, migration, and program design. Impact of trade

reforms and flows on wages, employment and income distribution in source and host countries.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment





Routledge NY.

of 138




4. Ashenfelter, O. and Layard, R. (ed) (1986). Handbook of Labour Economics: Vol. 2,

North-Holland

5. Ashenfelter, O. and Card, D. (ed) (1990). Handbook of Labour Economics: Vol. 3,

North-Holland


7. Kamermesh, D. (1993). Labour Demand, Princeton: Princeton University Press






2.4.28 EAE 825: Economics of Global Food Economy

Purpose

To provide students with systematic understanding of global food economy.



the framework for global food policy; strategic issues in food production; and food policies.

Course Description

Framework of global food policy. Global food equation, food demand and supply. Food security,

food self-sufficiency. Determinants of future food supply: land; water; technology; plant

breeding; and biotechnology. Malnutrition and interventions. Strategic issues in food production

in Africa. Food supply in Kenya: Kenya food policy; trends in food production; population

growth and availability of agricultural land. Role of environmental factors on food production,

ecology and distribution of food crops.

Mode of Delivery

i. Lectures

ii. Class discussions

iii. Group work

iv. Assignments


i. Online resources




of 138

Course Assessment




1. Thomas Pugel (2007), International Economics, 14th edition, Irwin McGraw-Hill

2. Mutti J. and Ingram J.C. (2000) International Economics, Routledge; 5th

Revised

edition, USA.

3. Krugman, P.R. (1999) International Economics, 5th Ed., Longman; 5th International

edition, Maurice Obstfeld, USA.

4. Siebert, H. (2002) The World Economy, 2nd


5. Salvatore, D. (2000) International Economics, 7th

Edition, John Wiley and Sons,

USA.

6. Marrewijk, C. V. (2002) International Trade and the World Economy, Oxford

University Press, USA.

7. Grimwad, N. (2000) International Trade, 2nd


8. Makin, A.J. (2002) International Macroeconomics, Financial Times/ Prentice Hall;

New edition, USA.

9. Sodersten, B. (1997). International Economics. 2nd

Edition, Hongkong: The

MacMillan Press Ltd.

2.4.29 EAE 826: Agricultural Systems for Rural Development

Purpose





By the end of this course, students are expected to be able to undertake a critical assessment of

agricultural production systems and rural livelihoods, and identify the limiting factors. The

students should also be able to evaluate implementation of global development policies with

emphasis on the institutional situation; and monitor and evaluate local development projects.

Course Description

Critical assessment of agricultural production systems and rural livelihoods and identification of

limiting factors. A review of various options for supporting (social, economic and technical)

innovation at the local level. An evaluation of consequences of the possible solutions for all

people concerned. Implementation of global development policies with emphasis on the

institutional situation. Monitoring and evaluation of local development projects.

Mode of Delivery

i. Lectures



http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=John%20Mutti

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=James%20C.%20Ingram

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Paul%20R.%20Krugman

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Maurice%20Obstfeld

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Horst%20Siebert

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Dominick%20Salvatore

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Charles%20Van%20Marrewijk

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=Nigel%20Grimwade

http://www.amazon.co.uk/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books-uk&field-author=A.J.%20Makin

of 138


i. Online resources




Course Assessment











Kentucky

2.4.30 EAE 827: Farms, Firms and Livelihoods

Purpose


farms, firms and livelihoods and their implications to socio-economic development. It is also

aimed at exposing students to the empirical techniques of promoting growth and integration of

farms and firms.


By the end of this course, students are expected to be able to demonstrate knowledge and

understanding of the concept of a livelihood; identify and explain livelihood categories, and

explain the behaviour of economic agents under conditions of missing markets and institutional

failure.

Course Description

The concept of a livelihood. Livelihood categories. Production establishments as bases of

livelihood. Natural resource utilization and livelihood sustainability. Integration of farms and

firms into commodity chains. Institutional organization of primary producers to reduce

transaction costs and improve bargaining power. Behaviour of economic agents under conditions

of missing markets and institutional failure.

Mode of Delivery

i. Lectures



of 138


i. Online resources




Course Assessment











Kentucky

2.4.31 EAE 828: African Land Questions

Purpose

The purpose of this course is to explore a range of institutions involved in land management and

both theoretical and practical approaches to acquisition and utilization of land resources.

Students will also explore the roles and responsibilities of various land stakeholder groups, be

introduced to practical tools for effective land resource planning, and learn the principles and

frameworks governing land reforms and politics.



land issues in the era of neoliberal development, trends in distribution and ownership of land,

equities in land rights, and land reforms.

Course Description

Land question in the era of neoliberal development. Unique and diverse land questions in Africa.

Trends and Tendencies: Land distribution question (trends and sources): Unequal land rights,

discriminatory tenure systems and land market concentration: Land use patterns and distorted

growth: African urban land question. Gender land inequalities and tenure insecurity. Advocacy

for women land rights. African State, Land reform and Politics.

Mode of Delivery

i. Lectures



of 138


i. Online resources




Course Assessment






London P.120-191.


Pvt Ltd, India.






USA.



2.4.32 EAE 829: Economic Policy Design, Analysis and Evaluation

Purpose

This course is designed to provide students with the skills, knowledge and competencies of

designing and analyzing policies. It is aimed at enabling students to acquire the analytical skills

in economic policy analysis that can be applied to design, analyze and implement innovative

policy options to address policy concerns faced by the society. Students will also be equipped

with the skills of implementing and evaluating policies.



policy analysis, design and evaluation processes. The students should also be able to identify and

define a policy problem/concern, develop criteria for evaluating alternative policy options,

identify alternative policies and suggest policies required to address identified policy concerns.

The students should also be able to design and implement a framework for evaluating policies.

Course Description

Subject Matter of Policy Analysis: Types of policy analysis, Policy instruments, Why formulate

policies, planning and policy analysis, Practical principles for beginning policy analysis. The

Policy Analysis Process: Types of policy analysis, The role of a policy analyst, Basic policy

analysis in six steps. Verifying, Defining and Detailing the Problem. Establishing Evaluation

of 138

Criteria. Identifying Alternative Policies. Evaluating Alternative Policies. Displaying and

Distinguishing amongst Alternative Policies. M&E.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Patton, C.D. Sawicki. (1993). Basic Methods of Policy Analysis and Planning, 2nd

Edition. Englewood Cliffs, N.J: Prentice Hall

2. Fischer, F., Miller, G.J., and Sidney, M.S. (2007). Handbook of Public Policy Analysis:

Theory, Politics and Methods, London: Taylor & Francis Group, LLC

3. David L. Weimer and Aidan R. Viming (2003). Policy Analysis, Concepts and Practice,

London: Mcmillan

4. Bobrow, D.B. and Dryzek, J.S. (1987). Policy Analysis by Design, Pittsburgh,

PA: University of Pittsburgh Press

2.4.33 EAE 830: Political Economy

Purpose

This course is designed to explore issues of income redistribution, taxation, the production of

public goods, and other actions of the public sector as determined by a political process

simultaneously with the economic process of exchange and production. It also aims at

investigating the connection between public policies and the political forces that shape them.



income redistribution, taxation, the production of public goods, and other actions of the public

sector as determined by a political process simultaneously with the economic process of

exchange and production. Students are also expected to be able to investigate the connection

between public policies and the political forces that shape them, and the effects of political

institutions on political and economic outcomes. Students should also be able to assess the

relative performance of different political systems.

of 138

Course Description

Modern political economy within the context of the new institutionalism in economics, politics

and sociology. Neoclassical economics and the old institutionalism merged in the new approach

and introduction to the concept of positive transactions costs in human exchange, where

institutions emerge endogenously and most imperfectly as mechanisms to deal with human

choice problems through markets, politics and social norms.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Persson, T. and Tabellini, G. (2002). Political Economics: Explaining Economic Policy,

MIT Press

2. Bowles, S., Edwards., R. and Roosevelt, F. (2005). Understanding Capitalism.

Competition, Command, and Change. New York and Oxford: Oxford University Press.

3. Keen, S. (2001). Debunking Economics. The Naked Emperor of the Social Sciences.

Annandale and London: Pluto Press Australia and Zed Books.

4. Parkin, M. and Bade, R. (2000). Economics: Canada in the Global Environment.

Toronto: Addison Wesley Longman.

5. Baiman, R., Boushey, H. and Saunders, D. (eds) (2000). Political Economy and

Contemporary Capitalism: Radical Perspectives on Economic Theory and Policy, New

York: M. E. Sharpe.

6. Blair, J.M. (1972). Economic Concentration: Structure, Behavior and Public Policy, New

York: Harcourt, Brace Jovanovich.

2.4.34 EAE 831: Management Accounting and Control

Purpose

The purpose of this course is to enable students to acquire knowledge and understanding of

management accounting and control. By using the acquired knowledge students are expected to

develop the ability to analyze, and communicate, phenomena related to the course content. This

also implies the development of skills including the ability to place the subjects studied in

different contexts over different time periods.

of 138


By the end of this course, students are expected to demonstrate ability to analyze and critically

discuss the reasons to and consequences of management accounting and control; analyze and

critically discuss the relationship between strategy development and the design, and use, of

management accounting and control; have knowledge and understanding of models and methods

in management accounting and control; apply a range of models and methods in different

contexts and in order to analyze an organization’s activities; identify and analyze problems and

solutions in real-life situations; and be able to communicate findings.

Course Description

Product costing, budgetary control systems, and performance evaluation systems for planning,

coordinating, and monitoring the performance of a business; principles of measurement;

development of a framework for assessing behavioural dimensions of control systems; impact of

different managerial styles on motivation and performance in an organization.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Anthony, R.N., Govindarajan, V., Hartmann, F.G., Kraus, K. and Nilsson, G. (2014).

Management control systems: performance measurement, evaluation and incentive,

London: McGraw-Hill

2.4.35 EAE 832: Economic Regulation and Competition Policy

Purpose

The purpose of this course is to expose students to theoretical industrial organization models and

tools used in analyzing competition policy and regulation. It also aims at exposing students to

economic regulation and competition economics.



theoretical industrial organization models and tools used in analyzing competition policy and

regulation. They should also be able to identify and explain the core principles and key concepts

in competition and economic regulation as well as the appropriate tests, evidence and assessment

needed to analyze specific competition and regulatory matters. It is also expected that students

of 138

will be able to identify frameworks for understanding abuse of dominance, coordinated conduct

and mergers from theoretical and practical perspectives, including the latest developments in

economic theory and their application to analysis of competition cases.

Course Description

Economic analyses of competition policies and regulation. Kenyan competition policies and

regulation. Normative and positive analyses on government policies implemented in Kenyan

industries, including electricity, telecommunications, and transport sectors.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




Decker, C. (2015). Modern Economic Regulation: An Introduction to Theory and Practice, Cam

bridge University Press

Jones, A. and Sufrin, B. (2014). EU Competition Law: Text, Cases, and Materials, Oxford

University Press

Lyons, B. (2009). Cases in European Competition Policy: The Economic Analysis,


Motta, M. (2004). Competition policy: Theory and Practice. Cambridge University Press

Joskow, P. (2005). Regulation of Natural Monopolies, MIT Press

2.4.36 EAE 833: Strategic Planning and Management

Purpose

The purpose of this course is to expose students to strategic planning and management. It

emphasizes the value and process of strategic management. In addition to familiarizing students

with new subject matter, students are expected to integrate and apply their prior learning to

strategic decision making in organizations. It is designed to explore an organization’s vision,

mission, examine principles, techniques and models of organizational and environmental

analysis, discuss the theory and practice of strategy formulation and implementation.



adaptive and flexible approaches to guiding development and change in developing countries.

of 138

Students are also expected to be able to explore alternative concepts, theories, and techniques

used in the context of high levels of complexity and uncertainty.

Course Description

Adaptive and flexible approaches to guiding development and change in developing countries.

Exploration of alternative concepts, theories, and techniques used in the context of high levels of

complexity and uncertainty. Strategic management theory and practice, and critical analysis of

organizations.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Dess, G. G., Lumpkin, G. T., Eisner, A. B., and McNamara, G. (2013). Strategic

Management: Creating Competitive Advantages, 7th Edition, McGraw-Hill International

Edition, McGraw-Hill/Irwin

2. Hill, C. W. L. and Jones, G. R. (2008). Strategic Management: An integrated approach,

8th Edition, Houghton Mifflin.

3. Joyce P. (1999). Strategic Management for the Public Services, Buckingham, Open

University Press.

4. Bartlett, C. A. and Ghoshal, S. (1994). “Changing the role of top management: Beyond

strategy to purpose”. Harvard Business Review. November-December: 70-88.

5. Bhagat, R. S., Kedia, B. L., Harveston, P. D., and Triandis, H. C. (2002). “Cultural

variations in the cross-border transfer of organizational knowledge: An integrative

framework”. Academy of Management Review, 27(2): 204-221.

6. Dean, T. J., Brown, R. L., and Bamford, C. E. (1998). “Differences in large and small

firm responses to environmental context: Strategic implications from a comparative

analysis of business formations”. Strategic Management Journal, 19:709-728.

2.4.37 EAE 834: Financial Management for Policy Making

Purpose

The purpose of this course is to equip students with the essential knowledge and skills of

financial management and to enable them to understand how these concepts and tools can be

applied to policy making and public management.

of 138



the concepts and techniques of financial management and their real-world applications; the

importance of financial incentives to the business private sector; and basic skills for financial

analysis in decision making and policy formulation;

Course Description

Public sector financial management: financial planning; revenue generation strategies;

expenditure management and control; institutional provisions for effectiveness. Private sector

financial management: current theories and practices; financial ratio and break-even analysis;

portfolio management; dividend policy; short-term and long-term financing strategies.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment







USA: Prentice Hall,


University Press



2.4.38 EAE 835: Public Policy

Purpose

This course is designed to provide students with the skills, knowledge and competencies to

examine approaches to the study of public policy rather than the content of public policy. The

intent of this approach is to prepare students to be careful and creative observers of policy rather

than participants in policy development, while also encouraging them to participate in policy

discourse.

of 138



alternative approaches to the examination of public policy and of their respective strengths and

limits; and approaches toward and tools of policy formulation and policy enactment, including

the importance of language and other political elements that affect public and elite perceptions

and actions. Students should also be able to recognize the importance of policy application and

demonstrate awareness of factors that affect the relative success of implementation of policy

decisions. Students will also be expected to have acquired enhanced ability to explore policy

issues and to present the results of those explorations clearly, concisely, and in compelling form

in written and oral communication.

Course Description

The nature of public policy. Conceptual justification. Limitations of public policy and action.

Selection problem and other problems of extrapolation that arise whenever one attempts to

evaluate policies that differ from the status quo. The public policy-making models: The

origination-design-implementation framework. Policy analysis: ex-ante and ex-post perspectives;

evaluation criteria; methods. Results of public policy and analysis. Kenyan case studies:

population, educational and agricultural policies.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Patton, C.D. Sawicki. (1993). Basic Methods of Policy Analysis and Planning, 2nd

Edition. Englewood Cliffs, N.J: Prentice Hall

2. Fischer, F., Miller, G.J., and Sidney, M.S. (2007). Handbook of Public Policy Analysis:

Theory, Politics and Methods, London: Taylor & Francis Group, LLC

3. David L. Weimer and Aidan R. Viming (2003). Policy Analysis, Concepts and Practice,

London: Mcmillan

4. Bobrow, D.B. and Dryzek, J.S. (1987). Policy Analysis by Design, Pittsburgh, PA:

University of Pittsburgh Press

of 138

2.4.39 EAE 836: Health Economics

Purpose

The goal of the course is to advance students’ knowledge, understanding and appreciation of

health economics as a branch of economics; to broaden their use of economic tools to provide

evidence for health policy analysis; and underscore the importance of health in development.


By the end of the course the learner should be able to apply economic concepts and techniques to

analyze health and health policy and other development related issues; and undertake

independent research in health economics.

Course Description

Scope and role of microeconomics in the health sector. The market for health care. Individual

and household demand for health and health care. Household-level analysis: the medical poverty

trap and related issues. Need, agency theory and supplier-induced demand. Models of the market

for medical goods and pharmaceuticals. Health care production and cost functions. Efficiency in

health care provision. Health insurance contracts and incentive effects. Sustainable community

health financing.

Mode of Delivery

i. Lectures


iii. Assignments

iv. Class presentations

Course Assessment





Care. FourthEdition. Prentice Hall. ISBN: 0-13-0122157


Care. SixthEdition. Prentice Hall.


DevelopingCountries: A Practical Guide. MacMillan Education, London, 2000. ISBN: 0-

333-75205-8


Studies.Thomson South-Western, Cengage Learning. Fifth Edition



10: 0321594576



Springer, ISBN:978-3-540-27804-7

of 138

2.4.40 EAE 837: Theory and Application of Economic Evaluation in Health Care

Purpose

The purpose this course is to give an understanding of practical, methodological and theoretical

issues related to the economic evaluation of health care programmes, and how economic

evaluation can be applied to the health care sector to inform decisions.


By the end of the course the learner should be able to demonstrate knowledge and understanding

of the theory, principles and methods of economic evaluation; describe and compare basic cost

concepts and methods for analyzing uncertainty; describe and compare methods for modelling

and collection of data for economic evaluation; describe and compare methods for monetary

valuations of health improvements; and be able to perform a basic economic evaluation.

Course Description

Welfare economics and economic evaluation; Economic framework for evaluation techniques; A

critical review of economic evaluation techniques; Costing in economic evaluation; Discounting

and annuitization; Outcome measurement and valuation; Valuing health care benefits in money

terms; Cost-effectiveness, cost-utility, and cost-benefit analyses; Ethical issues in economic

evaluation; Uncertainty in economic evaluation; Modelling in economic evaluation; Pharma-

economics.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment




1. Drummond, M.F. (2005). Methods for the economic evaluation of health care

programmes, Oxford: Oxford University Press. ISBN:0-19-852944-9







0-333-75205-8




of 138


10: 0321594576



Springer, ISBN:978-3-540-27804-7

2.4.41 EAE 838: Health Policy and Planning

Purpose

The purpose of this course is to provide students with an understanding and appreciation of

health policy analysis within the context of Health Policy and Systems Research. It is also aimed

advancing the knowledge of students on methodological issues in conceptualizing, designing and

conducting health policy research and analysis.



of health policy analysis, and methodological issues in conceptualizing, designing and

conducting health policy research and analysis. Students should also be to appropriately ask

health policy and systems research questions given the multidisciplinary perspective and

methodology it embrace and applies.

Course Description

Introduction to health systems; introduction to health policy and planning; stakeholder analysis;

Global influences on domestic health policy; Equity in health care; Planning human resources;

Resource allocation; Approaches to budgeting; Public sector capacity and implementation;

Monitoring and evaluation/research to policy.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment










of 138



0-333-75205-8





10: 0321594576



Springer, ISBN:978-3-540-27804-7

2.4.42 EAE 839: Monitoring and Evaluation in Primary Health Care

Purpose

This course aims to improve health programme planning and performance by introducing

students to the monitoring and evaluation (M&E) of health programmes, the improvement and

institutionalization of the collection of health-related data and the analysis of programme impact.



of monitoring and evaluation of programmes in the health sector. Students are also expected to

have gained quantitative and qualitative skills for planning, monitoring and evaluating

population and health programmes.

Course Description

Developing a primary health care monitoring and evaluation plan. Establishing goals, outcomes

and objectives of primary care programmes. Measuring objectives, defining the scope of a

monitoring and evaluation effort. Evaluation designs to assess program impact. Types of study

designs for impact evaluation. Choosing a study design for ongoing programmes. Sampling: data

collection and the monitoring and evaluation work plan; analyzing, monitoring and evaluation

results.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment






of 138







0-333-75205-8





10: 0321594576



Springer, ISBN:978-3-540-27804-7

2.4.43 EAE 840: International Economics for Development and Cooperation

Purpose

This course aims to expose students to the economics and mechanisms for international

cooperation and development.



of the theory and practice of international cooperation and development, global development

indicators and historical shifts in focus on development strategy. Students are also expected to

demonstrate knowledge and understanding of demographic trends, differing experiences of

economic integration and finance for development.

Course Description

Demographic and Economic Indicators. Historical shifts in focus on development strategy; from

Economic growth to the MDGs. Demographic trends. Economic classification of regions and

countries; income distribution and poverty. Post World War II economic growth experience. The

Asian model. Investments and capital accumulation. Foreign trade. Differing experiences of

economic integration: focus on Sub Saharan Africa; the role of natural resources. Finance for

Development: Aid, Foreign Direct Investment, Remittances.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment



of 138


1. Maddison A. (1991). Dynamic forces in capitalist development: a long run comparative

view, Oxford: Oxford University Press.

2. Vaggi G. (2010). “The learning and practice of development cooperation - Preliminary ideas

for teaching and for practice of university” in L’università e i giovani per la cooperazione e

la pace, edited by G. Vaggi, E. Colombo and F. Miglietta, Proceedings of the First

Conference of CUCS, Milano

3. UNDP, Human Development Report, various years.

4. World Bank, World Development Report, various years.

5. World Bank, World Development Indicators, various years.

6. UNCTAD, Trade and Development Report, various years.

7. UNCTAD, The Least Developed Countries Report, various years.

2.4.44 EAE 841: Human Development (HD) I - Conceptual Foundation and Measurement

of HD

Purpose

The purpose of this course is to expose students to the conceptual foundation of h uman

development and capability. It also aims to provide students with the knowledge on the

methodological aspects related to standard (uni‐ dimensional) poverty and inequality

measurement and to multidimensional analysis of poverty and well‐ being, including the

current human development indexes.



of the conceptual foundation of human development and capability. Students are also expected

to demonstrate knowledge and understanding of the methodological aspects related to

measurement of poverty, inequality and well‐ being.

Course Description

Conceptual foundation of HD: the capability approach; pillars of HD; poverty and deprivation.

HD Reports: regional and national dimension; appraisal of different frameworks: basic needs,

Millennium Development Goals (MDGs), HR, HD Index and other measures; genesis and

usefulness of MDGs; Different indicators: inputs, process, outcome sources, definitions,

disaggregation, quality issues; thematic and sectoral indicators in assessment and monitoring

phase; MDGs Status; UN Millennium Project.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment



of 138


1. Deneulin S. and Shahani L. (2010). An introduction to the Human Development and

Capability Approach. Freedom and Agency, Earthscan, UK (available online)

2. Robeyns I. (2005). “The Capability Approach: a theoretical survey”, Journal of Human

Development, 6(1), pp.93-114 (available online)

3. Chiappero-Martinetti E. (2013). “Basic needs, Voice for the Encyclopedia of Quality of Life”

Research, Springer

4. Milanovic B. (2012). “Global income inequality by the Numbers: in History and Now. An

Overview”, Policy Research Working Paper n. 6259, World Bank (available online)

5. Chen S., Ravallion M. (2012). “More Relatively-Poor People in a Less Absolutely-Poor

World”, Policy Research Working Paper 6114, World Bank (available online)

6. Alkire S., Foster J. (2011). “Understanding and misunderstanding of multidimensional

poverty measurement”, Working Paper 43, OPHI, May 2011 (available online)

7. Klugman J., Rodríguez F. and Hyung-Jin Choi (2011). “The HDI 2010: New Controversies,

Old Critiques”, Human Development Research Paper 2011/01 (available online)

2.4.45 EAE 842: Human Development II – Human Development Policies

Purpose

The purpose of this course is to expose students to the debate at global, regional and national

level on development policies from a human development perspectives ranging from Post 2015

agenda to Kenya Vision 2030.



of the human development policies, recent trends in human development indicators and a

framework for human development. Students are also expected to contribute to policies aimed at

protecting the poor from shocks through social protection and be able to apply the skills and

knowledge acquired to undertake evaluation of policy interventions in education, health and

social protection.

Course Description

Human Development, economic growth and economic development: policies and performances

in Africa/Kenya; priorities in the HD agenda; traditional HD policies: health (including

reproductive health), education and standard of living dimensions; frontiers for HD policies as

comprehensive and integrated development of human beings and societal institutions: sustainable

human development, Information Communication Technologies to foster human development,

social innovation.

Mode of Delivery

i. Lectures


iii. Assignments


of 138

Course Assessment




1. Devarajan, S. and R. Kanbur (2014). "Development Strategy: Balancing Market and

Government Failure". In International Development: Ideas, Experience and Prospects, ed.

Bruce Currie-Alder, Ravi Kanbur, David Malone and Rohinton Medhora.IDRC

2. Harris, J. (2014). "Development Theories”. In International Development, cit.

3. Ajakayie, O. and A. Jerome (2014). "Economic Development: The Experience of Sub-

Saharan Africa". In International Development, cit.

4. Alacevich, M. (2011). "Early Development Economics Debates Revisited".Journal of the

History of Economic Thought. Vol 33, no. 2

5. Narayan, A. and. Murgai (2016). "Looking Back on Two Decades of Poverty and

Well‐ Being in India." Policy Research Working Paper 7626. Washington, DC: World Bank

6. Ranis, G. and F. Stewart (2007). "Dynamic Links between the Economy and Human

Development."in Policy Matters: Economic and Social Policies to Sustain Equitable

Development, ed. José Ocampo, Jomo K.S. and Sarbuland Khan. London: Zed Books Ltd.,

pp.32-52

7. United Nations (2014). "2014 Technical Note 1" (pp. 1-3). In Human Development Report

2007/08. New York: United Nations

8. Kenny, C. (2015). "MDGs to SDGs: Have We Lost the Plot?" Center for Global

Development Essay

9. McArthur, J. (2015). "Why 17 is a Beautiful Number". Brookings Institution’s blog. Sept.

28, 2015

2.4.46 EAE 843: Cooperation for Development: Local Development Dimension

Purpose

The purpose of this course is to equip students with the knowledge and techniques to develop

professional competence in Cooperation for Development.



of human condition and human development through a close reading of various initiatives

outside the formal ‘space’ of government and private sectors. The students should also be able to

demonstrate knowledge and understanding, and apply the techniques for rebalancing society.

Course Description

Main actors in development cooperation stage: International Non-Governmental Organizations

(INGOs), Local Non-Governmental Organizations (NGOs), Civil Society, Community Based

Organizations (CBOs), Faith Based Organizations (FBOs), Local Governments, International

Organizations (IOs); Private sector led development; Microfinance and income generating

activities; Health policies, Migration and the Refugees, Climate change, food security, Social

security.

of 138

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment




1. Henry Mintzberg. (2015). Rebalancing Society: Radical Renewal Beyond Left, Rights, and

Centre. Orkland: Berret-Koehler.

2. Akoth, S.O. (2007). ‘Civil Society and Nation State: The Case of Kenya’, Development

Dialogue (49)1:109-117

3. Wangari, M. (2006) Unbowed: One Woman’s story. London: William Heinemann.

4. Amartya, S. (2009). An Idea of Justice, like A Theory of Justice, Belknap Press/Harvard

University Press

5. Akoth, S. (2011). Challenges of Nationhood: Identities, Citizenship and Belonging under

Kenya’s new Constitution. Working Paper number. 10 Commissioned by SID Constitution

6. World Bank (2000). New Paths to Social Development: Community and Global Networks in

Action. Geneva: The World Bank

2.4.47 EAE 844: International Cooperation and Projects Design

Purpose

The purpose of this course is to expose students to project cycle management with an

international perspective.


By the end of the course, students should be able to demonstrate knowledge and understanding

of trends characterizing the debate on the international development aid, conceptual and practical

dimensions of the project cycle management and be able to formulate a project proposal as per

internationally recognized standards.

Course Description

History of International Cooperation; Governmental and nongovernmental Organizations; Main

tools of International Cooperation (grants, loans); The modern crises of international

cooperation; Development aid policies of OECD/DAC donors; From the needs analysis to the

project identification; Analysis of the stakeholders; SWOT analysis; Evaluability and selection

of indicators; The Logical Framework Approach: a project design and formulation tool; How to

formulate a coherent logical framework: general principles and practical implications; Financial

Resources and Cost Analysis as an essential component of the project formulation: input

indicators, pricing, budget.

of 138

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment




1. Forum Solint (2003). “Monitoring and Evaluation for NGO Projects”, Development

Researchers Network, Rome: Italy

2. Bakewell, O. and Adams, B.P. (2003). INTRAC, Sharpening the Development

Process: A Practical Guide to Monitoring and Evaluation, PRAXIS Guide, No.1.

Oxford

3. Guijt, I. and Woodhill, J. (2002). A Guide for Project M&E,

http://www.ifad.org/evaluation/guide/index.htm

2.4.48 EAE 845: International Cooperation Projects Implementation, Monitoring and

Evaluation

Purpose

The purpose of this course is to expose students to the international cooperation projects

implementation and management.



of how a cooperation project can be correctly implemented and properly managed. It is also

expected that the students will be able explain the full project cycle and illustrate the project

management cycle and logical framework approach.

Course Description

M&E principles: definitions and purpose; Organizing and implementing a monitoring system;

Evaluation types, criteria, planning and management; Institutional learning from M&E results;

Preliminary preparatory operations; Preliminary assessment and operational planning; Activities

organization and management; External Relationships during project management Reporting.

Mode of Delivery

i. Lectures


iii. Assignments


of 138

Course Assessment




1. Forum Solint (2003). “Monitoring and Evaluation for NGO Projects”, Development

Researchers Network, Rome: Italy

2. Bakewell, O. and Adams, B.P. (2003). INTRAC, Sharpening the Development

3. Process: A Practical Guide to Monitoring and Evaluation, PRAXIS Guide, No.1.

4. Oxford

5. Guijt, I. and Woodhill, J. (2002). A Guide for Project M&E,

http://www.ifad.org/evaluation/guide/index.htm

2.4.49 EAE 846: Disaster Management and Humanitarian Action

Purpose

The purpose of this course is to expose students to the principles and dynamics of humanitarian

system.



of different types of emergencies and a broad view of the humanitarian system. Students should

also be able to identify the various actors in humanitarian system, explain and contrast their

mandates and operational approaches.

Course Description

Disaster preparedness and Management. Humanitarian Aid. Basic needs and complex

environments: International Humanitarian Law, ‘Humanitarian Space’. Planning aid. The Sphere

Project; Central Emergency Response Fund (CERF); Good Humanitarian Donorship Initiative;

Common Funds for humanitarian Action - Pooled Funds; European Consensus on Humanitarian

Aid). Relief, Rehabilitation and Development. Methodologies in Peace Building and Conflict

Resolution.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment




1. Rieff, D. (2003). A Bed for the Night: Humanitarianism in Crisis, Simon & Schuster

of 138

2. Irina, M. and Levine, S. (2014). “Remaking the case for linking relief, rehabilitation and

development. How LRRD can become a practically useful concept for assistance in difficult

places”, HPG Commissioned Report, March 2014

3. Global Humanitarian Assistance - Report 2015

4. ALNAP, The State of the Humanitarian System, 2015 Edition

5. The Sphere Handbook and Humanitarian Charter, 2011

6. United Nations (2016). “High-Level Panel on Humanitarian Financing, Too important to

fail—addressing the humanitarian financing gap”, Report to the United Nations Secretary-

General. January 2016

2.4.50 EAE 847: Climate Change and Development

Purpose

The purpose of this course is to enable students to understand the link between climate change,

agriculture and food security and how to incorporate climate change considerations into

agricultural investment programmes aimed at improving food security.



of climate change and its impact on human development.

Course Description

Climate Change and Development: a complex, multidimensional, scientific, socioeconomic,

technological and institutional issue. Focus on Climate Change and Agriculture: an interrelated

process at a global scale. New challenges for Food Security in developing countries: definitions,

actors, strategies and policies. Climate change, the land use and agricultural change. Population

growth, and natural resource management.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment




1. Medeiros, D.K., Chen, Z., Kanamaru, H. and Seeberg-Elverfeldt, C. (2012).

Incorporating climate change considerations into agricultural investment programmes. A

guidance document. FAO, Rome. http://www.fao.org/docrep/016/i2778e/i2778e.pdf

2. Alliance for a Green Revolution in Africa (2015). Africa agriculture status report:

Climate change and smallholder agriculture in sub-Saharan Africa. Nairobi, Kenya.

http://agra-alliance.org/our-results/agra-status-reports/

http://www.fao.org/docrep/016/i2778e/i2778e.pdf

http://agra-alliance.org/our-results/agra-status-reports/

of 138

2.4.51 EAE 848: Urban Development in Africa

Purpose

The purpose of this course is to explore the challenges and opportunities of African urban

development, taking a close look at planning cities on the continent while drawing critically on

lessons from elsewhere in Africa.



regional patterns of key urban trends across Africa; examples of African urban development

from across the continent; and range of African development alternatives.

Course Description

Global forces, urban change and urban management. The process of globalization, urbanization

and alleviation of poverty. Urban Development in Africa: theoretical approach and operational

tools for a sustainable development. Participatory approach to global development:

methodologies in Social cohesion, Community Building and Conflict Resolution. Assessing

urban poverty, determining the policy issues, making poverty alleviation participatory,

infrastructure upgrading, assessing the impacts.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment









University Press.




Press

of 138

2.4.52 EAE 849: Technology for Development

Purpose

The purpose of this course is to create awareness in students as to the link between scientific and

technological knowledge and productive capacity as it relates to development. The course is also

aimed at exposing students to various modes of technology acquisition and the roles of policy

formulation, policy implementation, research and development and innovation in national

development.



the term technology, its various forms and methods of acquisition of technology; and the roles of

technology in national development. Students are also expected to learn and appreciate the

effects of policy formulation and effective implementation in the acquisition of technology and

hence on national development; and to understand the roles of government and its agencies in

policy formulation and implementation.

Course Description

Unevenness in development, Digital Divide. Information and Communication Technologies for

Development; ICTD: a tool towards Millennium Development Goals; Development in a

Network Society. Appropriate technologies in the Global South; ICT and Rural Economic

Development; Geographical information system for development; Nairobi: pole for technology

expansion in Africa; ICT projects for poverty reduction: case studies and institutional initiatives.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Shafaeddin, M. (2006). “Is the Industrial Policy Relevant in the 21st Century?”, MPRA

Paper No. 6643, Institute of Economic Research, University of Neuchatel: Switzerland





of 138


University Press.




Press

2.4.53 EAE 850: Impact Evaluation for Development Projects and Programmes (New)

Purpose

The purpose of this course is to expose students to the qualitative and quantitate techniques of

undertaking impact evaluation of development projects and programmes.



the basic issues of evaluation; and different methodologies of conducted evaluation. Students

should also be able evaluate a project or program using the skills acquired.

Course Description

Introduction to Impact Evaluation; Causal Inference and Overview of Impact Evaluation

Methods; Randomized Assignment; Randomized offering/ promotion; Regression Discontinuity

Design; Difference-in-Difference Approach; Matching/ P-score matching; Theory of change-

Applied Impact Evaluation- Formulating Research Questions and Choosing Indicators;

Questionnaire Design; Statistical power for Randomized Impact Evaluations; Field work and

quality assurance; Implementation; Transparency and reproducibility; Human subjects- Ethics;

Instrumental variables.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Gertler, P. J., Martinez, S., Premand, P., Rawlings, L. B., & Vermeersch, C. M.

(2016). Impact evaluation in practice. The World Bank.

of 138

2. Glennerster, R., & Takavarasha, K. (2013). Running randomized evaluations: A practical

guide. Princeton University Press.

3. Khandker, S., B. Koolwal, G., & Samad, H. (2009). Handbook on impact evaluation:

quantitative methods and practices. The World Bank.

4. Arellano, M. (2003). Panel data econometrics. Oxford university press.

2.4.54 EAE 851: Financial Economics (New)

Purpose

The purpose of this course is to expose students to advanced techniques of analyzing the trends

and dynamics of the financial markets and instruments.



the corporate finance, derivatives, corporate control theory, corporate investment decision

making and capital budgeting techniques.

Course Description

Corporate Finance: Capital Structure; Financial Institutions, Value of the Firm. Derivatives:

Forwards, Futures and Options; Pricing of Derivatives; Embedded Derivatives. Corporate

Control Theory: Theories of restructuring; Mergers and acquisitions. Corporate Investment

Decision Making: Capital Budgeting Techniques. Introduction to Behavioral Finance: Financial

Bubbles; the theory of incomplete markets.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Thomas, E.C., Weston, J.F and Shastri, K. (2013). Financial Theory and

Corporate Policy. New York: Pearson Education (New International Edition).







of 138










2.4.55 EAE 852: Economics of Health Systems and Financing (New)

Purpose

The purpose of this course is to provide students with an understanding and appreciation of

health policy analysis within the context of Health Policy and Systems Research. It is also aimed

advancing the knowledge of students on methodological issues in conceptualizing, designing and

conducting health policy research and analysis.



of health policy analysis, and methodological issues in conceptualizing, designing and

conducting health policy research and analysis. Students should also be to appropriately ask

health policy and systems research questions given the multidisciplinary perspective and

methodology it embrace and applies.

Course Description

Overview of Health Systems: Changing nature of health systems. Allocative and Technical

Efficiency; Financing health systems; Purchasing health services and performance based

payments: Decentralization, Public hospitals autonomy, Agency relationships. Regulation:

Assessing health systems performance, Financing Incidence Analysis; Benefit Incidence

analysis; Equity and social determinants of health.

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment








of 138



0-333-75205-8





10: 0321594576



Springer, ISBN:978-3-540-27804-7

2.4.56 ECO 800: Economic Research Methodology

Purpose

This course is designed to equip students with the knowledge and techniques of undertaking

research. It introduces students to the importance of research and the research process. Issues

related to research problem formulation, research design, methods of data collection, data

analysis and reporting of research findings will be covered.





taking the course will be required to submit a Complete Research Proposal at the end of the

Semester as part of the course work.

Course Description

Types of economic research. Formulation of research problem. The linkage between theoretical

structures and testable propositions. Relationships between theory, empirical data, public policy,

and research problem; execution of a research protocol; field research methodologies, library

research, data verification. Data analysis and thesis writing. Role of models in economic

research. Formulation of research hypotheses. Hypothesis testing using empirical data.

Introduction to various computer software and their applications

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment

i. Continuous Assessment Test (40%)




Edition, New



Sciences, 5th



Revised






Office




Students, 5th



Francis Group



2.4.57 ECO 801: Economic Data Analysis and Computer Applications

Purpose

This course is designed to equip students with the knowledge and techniques of panel and

longitudinal data analysis based on micro-econometric techniques. It is also aimed at exposing

students to the basics of survey methodology, including issues such as attrition, response rates,

sampling frames and weighting. The course also seeks to develop an understanding of the links

between the predictions of economic theory and empirical implementation of such theory using

panel and longitudinal data. To deepen students understanding, the whole course is based on the

computer lab, where students perform supervised practical analyses of longitudinal data.



techniques of panel and longitudinal data analysis; and basics of survey methodology. Students

should also be able to establish and interpret the links between the predictions of economic

theory and empirical implementation of such theory using panel and longitudinal data.

Course Description

of 138

Data preparation, use of spread sheet, individual and group statistics, measures of association,

diagnosis of econometric problems, multivariate methods, principal component analysis,

reliability and validity tests, time series analysis and forecasting.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment

i. Continuous Assessment Test (40%)



1. Allison P.D. (1982) “Discrete-Time Methods for the Analysis of Event Histories”

Sociological Methodology 13: 61-98.

2. Arulampalam W. (2001), “Is Unemployment Really Scarring? Effects of Unemployment

Experiences On Wages” The Economic Journal 111(475): F585-F606.

3. Arulampalam W., Booth A.L. and Taylor M.P. (2000) “Unemployment Persistence”

Oxford Economic Papers 52(1): 24-50.

4. Clark, A.E. (2003) “Unemployment as a Social Norm: Psychological Evidence from

Panel Data” Journal of Labor Economics 21(2): 323-351.

5. Gregory M. and Jukes R. (2001) “Unemployment and Subsequent Earnings: Estimating

Scarring among British Men 1984-94” The Economic Journal 111(475): F607-F625.

6. Haisken-DeNew J.P. (2001) “A Hitchhiker’s Guide to the World’s Household Panel Data

Sets” The Australian Economic Review 34(3): 56-366.

7. Ham, John C. and Samuel A. Rea, Jr. (1987) “Unemployment Insurance and Male

Unemployment Duration in Canada” Journal of Labor Economics 5(3): 325353 Heckman

J.J. (1979) “Sample Selection Bias as Specification Error” Econometrica 47(1): 153-162

8. Lancaster, Tony (1979) “Econometric Methods for the Duration of Unemployment”

Econometrica 47(4): 939-956.

9. Lambert P.S. (2006) “The British Household Panel Survey: Introduction to a

Longitudinal Data Resource”, Working Paper 2 of Longitudinal Data Analysis for Social

Science Researchers, ESRC Researcher Development Initiative training programme.

2.4.58 ECO 802: Research Project (Equivalent to Four Units)

of 138

Purpose

This is a research project carried out independently by graduate students. Under the supervision

of the department, the student comes up with a research problem and using an economic model

analyses this problem and writes a paper.



the research process, write and submit a research project. The research project is evaluated by

two internal examiners and one external examiner.

Course Description

Presentation of Research Proposal; Data Collection Techniques and Tools; Data Processing,

Analysis and Interpretation; Presentation of Research Findings and Discussions; Presentation of

Research Summary, Conclusions and Recommendations; Identification of Areas for Further

Research; Referencing.

Mode of Delivery

i. Independent research by student

ii. Student-lecturer interaction

iii. Presentations and review


i. Online resources




Course Assessment

Final Project (100%)



Edition, New



Sciences, 5th



Revised






Office




Students, 5th


of 138


Francis Group



of 138

2.5 Doctor of Philosophy in Economics Programme


The philosophy of the Doctor of Philosophy in Economics Programme is provide students with

specialized and advanced training in core subject areas of economics, and specific areas of

specialization preferred by the students. It is also meant to further sharpen the research skills of

the students so as to be able to effectively participate in academic discourses and scholarly

activities.


The Doctor of Philosophy in Economics Programme was developed in response to growing

market need for people with advanced knowledge, skills, competencies and attitudes on diverse

areas of economics. A large number of students with advanced degrees in economics are

increasingly being employed in the public and private sectors of the economy in specific areas

that require the students to be provided with knowledge and skills applicable to deeper

understanding issues in the fields of economics and finance.


The goal of the programme is to facilitate learners to acquire advanced knowledge, skills and

tools that would facilitate them to undertake measurement and analysis of economic phenomena

in economics. It is also meant to enable the students to acquire advanced knowledge and skills on

quantitative techniques and tools for econometric analysis and decision making in the preferred

field of economics; and to undertake research and analysis in the relevant field.



a. understand and analyse key theories and principles in the specified field of economics

b. identify, explain, critique and apply the tools used in economic analysis

c. apply economic and financial tools in decision making


The Doctor of Philosophy in Economics Programme is offered under Evening mode only. The

mode of delivery is face to face interaction.


Kenyatta University examination regulations shall apply to all the Master Programmes.


University examinations shall be given at the end of each semester and shall contribute

60% of the total marks; continuous assessment shall constitute the remaining 40%.

The end of semester examination shall take three (3) hours per unit

The pass mark shall be 50%.

A candidate who fails to obtain 50% in a unit shall be permitted on the recommendation

of the School Board of Examiners and with approval of the Senate to take supplementary

examinations in the failed unit(s) up to a maximum of two units in any academic year.

A candidate who fails in the supplementary examinations shall be discontinued.

of 138

A candidate who fails more than two units in the ordinary University examination in any

one-year shall be discontinued.

Comprehensive examinations shall be taken after completion of Coursework. The

comprehensive exams will be graded as pass or fail, and the 50% pass mark rule shall

apply.

A candidate who fails in the comprehensive examinations shall be allowed one chance to

re-sit the examinations at the next sitting of Comprehensive examination.

A candidate who re-sits and fails in the comprehensive examinations shall be

discontinued.



70-100% A

60-69% B

50-59% C

0-49% E (Fail)

2.5.9 Award

Upon successful completion of the course, students will be awarded a Doctor of Philosophy in

Economics Degree of Kenyatta University


2.6.1 EAE 901: Agricultural Economics I

Purpose




The course is designed to produce highly skilled applied economists with strong quantitative and

analytical skills which are increasingly required by many private and public agencies.



fundamental principles of agricultural economics from an African perspective; have broad-based

knowledge about the role and contribution of agriculture to the overall economic development of

developing countries; be equipped with required theoretical tools of economic analysis relevant

to the problem of agriculture in developing countries; demonstrate knowledge and understanding

of the empirical techniques of testing theoretical propositions pertaining to agriculture; and be

exposed to policy debates relating to agriculture and with the methodologies used to address

policy issues.

Course Description

Theoretical and Empirical Issues: The profit maximization hypothesis; behaviour of farmers

under risk and uncertainty; agricultural household models; the theory of share tenancy. Supply

of 138

Response: Theory of supply; estimation methods and empirical results. Agricultural Labour:

Agriculture and Policy: Rationale and tools for government intervention. Approaches to Policy

Analysis: partial equilibrium and sectoral analysis. Structural Adjustment programmes: the new

initiatives. Food Policy Analysis: pricing and marketing; food security.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment

iii. Continuous Assessment Tests (40%)

iv. Final Examinations (60%)









Kentucky

5. Doll, P.D. and Orazem, F. (1984). Production Economics: Theory with Applications, 2nd

Edition, John Wiley Sons

2.6.2 EAE 902: Agricultural Economics II

Purpose




The course is designed to produce highly skilled applied economists with strong quantitative and

analytical skills which are increasingly required by many private and public agencies.



fundamental principles of agricultural economics from an African perspective; have broad-based

knowledge about the role and contribution of agriculture to the overall economic development of

developing countries; be equipped with required theoretical tools of economic analysis relevant

to the problem of agriculture in developing countries; demonstrate knowledge and understanding

of 138

of the empirical techniques of testing theoretical propositions pertaining to agriculture; and be

exposed to policy debates relating to agriculture and with the methodologies used to address

policy issues.

Course Description

Technological Change: generation of technology; technology transfer; research and extension;

impact of technological change on resource allocation and the environment; application to

Africa. The Role of Infrastructure and Rural Institutions: Physical and social infrastructure; rural

financial institutions; land markets and tenure. Co-operatives, Community-Based Institutions,

NGOs and Other Farmer organizations; Poverty Alleviation and Role of Agriculture in

Development: Agriculture, poverty and growth; applications to Africa.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment











Kentucky

5. Doll, P.D. and Orazem, F. (1984). Production Economics: Theory with Applications, 2nd

Edition, John Wiley Sons

2.6.3 EAE 903: Industrial Economics I

Purpose

The purpose of this course is to expose students to advanced analysis into the causes and

consequences of market power, the strategic behaviour of firms in markets and the links between

firm behaviour, market structure and the economic performance of markets. It is also meant to

expose students to the analysis of economic growth and development under imperfect market

structure with emphasis on dynamic models of growth and development.

of 138



the causes and consequences of market power, the strategic behaviour of firms in markets and

the links between firm behaviour, market structure and the economic performance of markets.

Students should also be able perform an analysis of economic growth and development under

imperfect market structure using dynamic models of growth and development, and apply the

results in a local setting.

Course Description

Industry and Economic Development: Patterns of structural change and economic development;

development of world industry; global trends in industrial structure; development of industry and

industrial structure in Africa. Industrial concentration; costs, economic of scale and technology;

oligopoly models; dynamic pricing and non-price behaviour, dimensions of performance;

industrial structure and interactions. Analysis of Firm Structure and Behaviour: Goals; structure,

organization and control; size and growth; globalisation and the development of firms.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Barro, R.J. and Sala-i-Martin, X.I. (2003). Economic Growth, 2nd edition, The MIT

Press, ISBN-10: 0262025531 ISBN-13: 978-0262025539.

2. Grossman, G.M. and Helpman, E. (1991). Innovation and Growth in the Global

Economy, Cambridge, MA: MIT Press, ISBN: 9780262570978.

3. Romer, D. (2011). Advanced Macroeconomics, The Mcgraw-Hill Series in Economics,

ISBN10: 0073511374, ISBN-13: 978-0073511375.

4. Toshiki, T. (2010). “Public goods provision, redistributive taxation, and wealth

accumulation”, Journal of Public Economics, 94(11-12), pp 1067-1072.

5. Economides, G. and Philippopoulos, A. (2003). “Are Nash Tax Rates too Low or Too

High? The Role of Endogenous Growth in Models with Public Goods”, Review of

Economic Dynamics, Vol. 6(1), pp 37-53,

6. Gustafsson, P. and Segerstrom, P. (2010). “North–South trade with increasing product

variety”, Journal of Development Economics, Volume 92, Issue 2, July, pp 97-106

of 138

7. Irmen, A. and Kuehnel, J. (2009). “Productive Government Expenditure and Economic

Growth”, Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pp 692-733.

2.6.4 EAE 904: Industrial Economics II

Purpose

The purpose of this course is to expose students to advanced analysis into the causes and

consequences of market power, the strategic behaviour of firms in markets and the links between

firm behaviour, market structure and the economic performance of markets. It is also meant to

expose students to the analysis of economic growth and development under imperfect market

structure with emphasis on dynamic models of growth and development.



the causes and consequences of market power, the strategic behaviour of firms in markets and

the links between firm behaviour, market structure and the economic performance of markets.

Students should also be able perform an analysis of economic growth and development under

imperfect market structure using dynamic models of growth and development, and apply the

results in a local setting.

Course Description

Industrial Policy and Industrialization Strategies: Static and dynamic welfare implications;

macroeconomic policies, market reforms and industrial structure; industrialization options and

strategy, Industrial patterns and performance in Africa and other developing areas. Impacts of

Stabilization and Structural Adjustment Programmes on Industrialization: Industrial growth and

poverty eradication; small-scale industries and poverty eradication; industry and environmental

degradation in Africa; the informal sector and industry in developing countries.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Barro, R.J. and Sala-i-Martin, X.I. (2003). Economic Growth, 2nd edition, The MIT

Press, ISBN-10: 0262025531 ISBN-13: 978-0262025539.

2. Grossman, G.M. and Helpman, E. (1991). Innovation and Growth in the Global

Economy, Cambridge, MA: MIT Press, ISBN: 9780262570978.

of 138

3. Romer, D. (2011). Advanced Macroeconomics, The Mcgraw-Hill Series in Economics,

ISBN10: 0073511374, ISBN-13: 978-0073511375.

4. Toshiki, T. (2010). “Public goods provision, redistributive taxation, and wealth

accumulation”, Journal of Public Economics, 94(11-12), pp 1067-1072.

5. Economides, G. and Philippopoulos, A. (2003). “Are Nash Tax Rates too Low or Too

High? The Role of Endogenous Growth in Models with Public Goods”, Review of

Economic Dynamics, Vol. 6(1), pp 37-53,

6. Gustafsson, P. and Segerstrom, P. (2010). “North–South trade with increasing product

variety”, Journal of Development Economics, Volume 92, Issue 2, July, pp 97-106

7. Irmen, A. and Kuehnel, J. (2009). “Productive Government Expenditure and Economic

Growth”, Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pp 692-733.

2.6.5 EAE 905: Labour Economics I

Purpose

The primary objective of this course is to equip the students with the analytical tools required for







market.

Course Description

Evolution and scope of labour economics; supply of labour; demand for labour; labour demand

and supply dynamics in developing countries; wage rates and wage structures; labour market

rigidities; wage and occupational discrimination; investment in human capital; information,

search and mobility; union behaviour and impacts.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138




North-Holland


Holland








2.6.6 EAE 906: Labour Economics II

Purpose

The primary objective of this course is to equip the students with the analytical tools required for







market.

Course Description

Labour markets and the macroeconomy; human resources and economic development;

employment, unemployment and underemployment; income inequality and poverty; labour

market discrimination; macroeconomic performance and labour market institutions; labour

markets and globalization.

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment






North-Holland


Holland








2.6.7 EAE 907: Health Economics I

Purpose



evidence for health policy analysis; broaden their knowledge and use of economic tools to

provide evidence for health policy analysis; and underscore the importance of health in

development.



analyze health and health policy and other development related issues; undertake independent

research in health economics and policy; communicate research results to stakeholders; and

function professionally in different healthcare systems.

Course Description

Introduction to the Economics of health Care: health and economic development. Demand for

Health and Health Care Services: The competitive market solution, theoretical models and

empirical analysis of preferences of health; Human Capital: human capital theory; health capital

and human capital; health production functions; determinants of health; value of life; returns to

human capital; applications to human capital policy. Supply of health services (determinants);

hospital cost functions, health care technologies; case studies.

Mode of Delivery

i. Lectures


iii. Assignments


of 138

Course Assessment




1. Culyer, A.J. and Newhouse, J.P. (eds)(2000). Handbook of Health Economics, Volumes

1A and 1B, Elservier, North-Holland



Springer, ISBN:978-3-540-27804-7









333-75205-8



10: 0321594576

2.6.8 EAE 908: Health Economics II

Purpose



evidence for health policy analysis; broaden their knowledge and use of economic tools to

provide evidence for health policy analysis; and underscore the importance of health in

development.



analyze health and health policy and other development related issues; undertake independent

research in health economics and policy; communicate research results to stakeholders; and

function professionally in different healthcare systems.

Course Description

Structure of Selected markets for Health Inputs and Services: Health care finance: uncertainty

and medical insurance; externality models of health; economic objectives of health care systems;

Medical referral system model in develop countries; epidemiologist and health case evaluation;

cost effectiveness analysis and case studies. Political Economy and Health Sector Reforms in

Developing Countries: health care reforms; Economics of HIV/AIDS; special topics in domestic

and international health. Health, poverty economy; the economics of aging and social insurance.

of 138

Mode of Delivery

i. Lectures


iii. Assignments


Course Assessment




1. Culyer, A.J. and Newhouse, J.P. (eds)(2000). Handbook of Health Economics, Volumes

1A and 1B, Elservier, North-Holland



Springer, ISBN:978-3-540-27804-7









333-75205-8



10: 0321594576

2.6.9 EAE 909: Environmental Economics I

Purpose

The purpose of this course is to expose students to the theories and models of environmental

economics; enable students to understand and appreciate the environment-economics linkages;

help students to acquire the capacity to apply the environmental models to research and

understand the policy issues in the area of environmental economics with specific reference to

sub-Saharan Africa; and to acquaint students with the dynamics of global environment and the

implications for development in sub-Saharan Africa.



the environment and development; and optimal utilization of environmental resources and.

.

Course Description

Environment and Development: Sustainable development; environmental externality;

environmental public goods; international environmental externality. Optimal utilization of

of 138

environmental resources: Dynamic optimisation; non-renewable resources; renewable resources;

common and community property resources; dealing with uncertainty and irreversibility;

economic of cycling and re-use; applications (e.g. to forestry and deforestation).

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Bromley, D. (ed)(1995). The Handbook of Environmental Economics, Cambridge, M.A:



and Practice, London: MacMillan University


4. Stavins, R. (ed)(2000). Economics of Environment: Selected Readings, 4th

Edition, W.W.

Norton & Co.



London P.120-191.


Pvt Ltd, India.





USA.



2.6.10 EAE 910: Environmental Economics II

Purpose

The purpose of this course is to expose students to the theories and models of environmental

economics; enable students to understand and appreciate the environment-economics linkages;

help students to acquire the capacity to apply the environmental models to research and

understand the policy issues in the area of environmental economics with specific reference to

sub-Saharan Africa; and to acquaint students with the dynamics of global environment and the

implications for development in sub-Saharan Africa.

of 138



the environment and development; and optimal utilization of environmental resources and.

.

Course Description

Environmental Pollution and application to biodiversity loss. The Valuation of Environmental

Resources: Components of value; willingness to pay/willingness to accept compensating and

equivalent variation contingent valuation; environmental production functions; resource and

environmental accounting; applications; Policy Options: Environmental policy in Africa;

Integrated Management of Environmental Resources; Project level analysis; impact assessment;

strategic planning; trade and the environment; debt and the environment and Applications

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Bromley, D. (ed)(1995). The Handbook of Environmental Economics, Cambridge, M.A:



and Practice, London: MacMillan University


4. Stavins, R. (ed)(2000). Economics of Environment: Selected Readings, 4th

Edition, W.W.

Norton & Co.



London P.120-191.


Pvt Ltd, India.





USA.



of 138

2.6.11 EAE 911: Monetary Economics I

Purpose

The purpose of this course seeks to handle topical issues in advanced monetary economics. It

aims to expose learners to emerging issues in the conduct of monetary policy and develop

students’ competence in the analysis of the role of money and financial institutions in an

economy.



the monetary theory and the evolution of the debate over the objectives, prospects and

instruments of monetary policy; intermediation theory and its implications on the mechanisms of

monetary policy transmission; and money in an international setting and application to African

economies.

.

Course Description

Micro foundations of monetary economics; Channels of Monetary Policy Transmission:

classical, Keynesian, Monetarist, Expectations, Credit Rationing and Credit, and Exchange Rate

Channels; Objectives, Prospects and Instruments of Monetary Policy; Channels of Monetary

Policy Transmission in a Dualistic Economy; Economic Stabilisation and Structural Adjustment:

stabilisation, financial liberalisation and experiences; The New Monetary Economics.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment




1. Walsh, C. (2017). Monetary Theory and Policy, 4th

Edition, The MIT Press,

Cambridge

2. Freixas, X. and Rochet, J.C. (2008). Microeconomics of Banking. 2nd

Edition, MIT

Press, Cambridge

3. Friedman, B. and Hahn, F. (1990), Handbook of Monetary Economics. North Holland

4. Claassen, E. M. (1996). Global Monetary Economics, Oxford University Press

5. Cooley, T. (eds.) (1995). Frontiers of Business Cycle Research, Princeton University

Press.

6. Romer, D. (2012). Advanced Macroeconomics, 4th

Edition, McGraw-Hill Series

Economics

of 138

7. Capie, F. and G. Wood (eds.) (1996). Monetary Economics in the 1990s: The Henry

Thornton Lectures, Numbers 9-17.

8. Goodhart, C. E. (1995). The Central Bank and the Financial System, Macmillan,

London

9. Goodhart, C. (1989). Money, Information, and Uncertainty, 2nd

Edition, London:

MacMillan

10. Leijonhufvud, A. (1968). On Keynesian Economics and the Economics of Keynes,

Oxford: Oxford University Press.

11. Mankiw, N. G. and D. Romer (eds.) (1991). New Keynesian Economics, Volumes 1

and 2, MIT Press

12. Friedman, Milton (ed.) (1956). Studies in The Quantity Theory of Money. University

of Chicago Press.

2.6.12 EAE 912: Monetary Economics II

Purpose

The purpose of this course seeks to handle topical issues in advanced monetary economics. It

aims to expose learners to emerging issues in the conduct of monetary policy and develop

students’ competence in the analysis of the role of money and financial institutions in an

economy.



the monetary theory and the evolution of the debate over the objectives, prospects and

instruments of monetary policy; intermediation theory and its implications on the mechanisms of

monetary policy transmission; and money in an international setting and application to African

economies.

.

Course Description

Micro foundations of monetary economics; Channels of Monetary Policy Transmission:

classical, Keynesian, Monetarist, Expectations, Credit Rationing and Credit, and Exchange Rate

Channels; Objectives, Prospects and Instruments of Monetary Policy; Channels of Monetary

Policy Transmission in a Dualistic Economy; Economic Stabilisation and Structural Adjustment:

stabilisation, financial liberalisation and experiences; The New Monetary Economics.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment



of 138


1. Walsh, C. (2017). Monetary Theory and Policy, 4th

Edition, The MIT Press, Cambridge

2. Freixas, X. and Rochet, J.C. (2008). Microeconomics of Banking. 2nd

Edition, MIT Press,

Cambridge

3. Friedman, B. and Hahn, F. (1990), Handbook of Monetary Economics. North Holland

4. Claassen, E. M. (1996). Global Monetary Economics, Oxford University Press

5. Cooley, T. (eds.) (1995). Frontiers of Business Cycle Research, Princeton University

Press.

6. Romer, D. (2012). Advanced Macroeconomics, 4th

Edition, McGraw-Hill Series

Economics

7. Capie, F. and G. Wood (eds.) (1996). Monetary Economics in the 1990s: The Henry

Thornton Lectures, Numbers 9-17.

8. Goodhart, C. E. (1995). The Central Bank and the Financial System, Macmillan, London

9. Goodhart, C. (1989). Money, Information, and Uncertainty, 2nd

Edition, London:

MacMillan

10. Leijonhufvud, A. (1968). On Keynesian Economics and the Economics of Keynes,

Oxford: Oxford University Press.

11. Mankiw, N. G. and D. Romer (eds.) (1991). New Keynesian Economics, Volumes 1 and

2, MIT Press

12. Friedman, Milton (ed.) (1956). Studies in The Quantity Theory of Money. University of

Chicago Press.

2.6.13 EAE 913: Public Sector Economics I

Purpose

This is an advanced course that utilizes economic principles to study the behavior of the public

sector and its impact on resource allocation and income distribution. The course focuses on

public expenditure and taxation programmes, which play an important role in economies of all

countries. The course is intended to expose students to public sector economics theory while

drawing on empirical evidence from developed and developing countries, especially Africa.



the theory and foundations of public sector economics; nature and types of public goods; concept

and application of externalities; public choice theories; public expenditure theory and practice;

and the responsibilities and limitations of government.

Course Description

Foundations of public sector economics; Public goods; Externalities; Public choice theories;

Public expenditure theory and practice; Cost-benefit analysis and investment rules; Government

failure; social insurance.

Mode of Delivery

i. Lectures



of 138


i. Online resources




Course Assessment




1. Kaplow, L. (2008). The Theory of Taxation and Public Economics, Princeton: Princeton

University Press

2. Laffont, J. (1998). Fundamentals of Public Economics, Cambridge: MIT Press

3. Mueller, D.C. (2003). Public Choice III, New York: Cambridge University Press

4. Myles, G.D. (2001). Public Economics, Cambridge: Cambridge University Press



2.6.14 EAE 914: Public Sector Economics II

Purpose

This is an advanced course that utilizes economic principles to study the behavior of the public

sector and its impact on resource allocation and income distribution. The course focuses on

public expenditure and taxation programmes, which play an important role in economies of all

countries. The course is intended to expose students to public sector economics theory while

drawing on empirical evidence from developed and developing countries, especially Africa.



the theory and principles of taxation; tax incidences; taxation, investment and risk-taking; tax

policies in developing countries; fiscal federalism; and public debt.

Course Description

Taxation: equity, efficiency and productivity; Tax incidences; Taxation and labour supply;

Taxation, savings and portfolio choice; Taxation, investment and risk-taking; Optimal taxation;

Tax design and policy; Tax policies in developing countries; Fiscal federalism; Public debt.

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment




1. Kaplow, L. (2008). The Theory of Taxation and Public Economics, Princeton: Princeton

University Press

2. Laffont, J. (1998). Fundamentals of Public Economics, Cambridge: MIT Press

3. Mueller, D.C. (2003). Public Choice III, New York: Cambridge University Press

4. Myles, G.D. (2001). Public Economics, Cambridge: Cambridge University Press



2.6.15 EAE 915: International Economics I

Purpose

This is course seeks to sharpen and reinforce the expertise of the students with respect to the

economic theories, models and methodologies used for the analysis of key international trade and

finance issues in the context of varying institutional arrangements and settings. It is aimed at

providing students with an in-depth and rigorous analysis of advanced international economics

by relating the topics to the conditions in Africa.



the theories, empirical and policy issues relating to international trade and finance. Students will

also be expected to have acquired and be able to demonstrate professional skills in research,

consultancy, policy analysis and advice.

Course Description

International Trade Theory: Comparative advantage theories, the new trade theories; Trade

Policy: tariff and non-tariff barriers to trade, product and factor market distortions, trade

liberalization and economic integration; Trade, Growth and Development: trade and growth

models, import substitution versus export promotion strategy of industrialization, trade and

immiserizing growth, trade and poverty; International Trade Institutions: political economy of

trade policy, regional and multilateral trade negotiations.

Mode of Delivery

i. Lectures




i. Online resources




of 138

Course Assessment




1. Feenstra, R.C. (2004). Advanced International Trade: Theory and Evidence, Princeton:


2. Hallwood, C. Paul and Ronald, MacDonald (2000). International Money and Finance, 3rd


3. Krugman, R. Paul and Maurice, Obsfield (1994). International Economics: Theory and

Policy, 3rd


4. Pilbeam, Keith (1998). International Finance, 2nd


33373097)



Jersey (ISBN 0-02-405381-3)

2.6.16 EAE 916: International Economics II

Purpose

This is course seeks to sharpen and reinforce the expertise of the students with respect to the

economic theories, models and methodologies used for the analysis of key international trade and

finance issues in the context of varying institutional arrangements and settings. It is aimed at

providing students with an in-depth and rigorous analysis of advanced international economics

by relating the topics to the conditions in Africa.



the theories, empirical and policy issues relating to international trade and finance. Students will

also be expected to have acquired and be able to demonstrate professional skills in research,

consultancy, policy analysis and advice.

Course Description

International Finance Theory: Mundel-Flemming Model and its Extensions in different exchange

rate regimes, exchange rate, fiscal policy, monetary and sterilisation policies, international policy

coordination, and the African experience; Approaches to Balance of Payments: elasticity,

absorption and monetary, current and capital account convertibility; Exchange Rate Economics:

foreign exchange market, exchange rate determination, foreign exchange risks and management;

Regional and International Financial Arrangements; International Financial Policies.

Mode of Delivery

i. Lectures




i. Online resources


of 138



Course Assessment




1. Feenstra, R.C. (2004). Advanced International Trade: Theory and Evidence, Princeton:


2. Hallwood, C. Paul and Ronald, MacDonald (2000). International Money and Finance, 3rd


3. Krugman, R. Paul and Maurice, Obsfield (1994). International Economics: Theory and

Policy, 3rd


4. Pilbeam, Keith (1998). International Finance, 2nd


33373097)



Jersey (ISBN 0-02-405381-3)

6. Carmignani, F., Colombo, E., and Tirelli, P. (2005). “Consistency Versus Credibility:

How Do Countries Choose Their Exchange Rate Regime?” University of Milan-

BICOCCA Working Paper No. 85, February.

7. Collyns, C., and Abdelhak, S. (2002). “Lending Booms, Real Estate Bubbles, and the

Asian Crisis.” IMF Working Paper No.02/20. Washington D.C.: International Monetary

Fund, January.

8. McKinnon, Ronald (1963). “Optimum Currency Areas,” American Economic Review,

Vol. 53, No. 4 (September), pp. 717 – 725.

9. Masson, P. and Pattillo, C. (2005). The Monetary Geography of Africa, Washington,

D.C.: Brookings Institution Press.

2.6.17 EAE 917: Development Economics I

Purpose

The purpose of this course is to expose students to conceptual, methodological and policy issues

in Development Economics. While it is essential for students to understand the scope and

methodologies involved, emphasis is on appreciation of the controversies arising from them.



the development issues facing the developing world in general and Africa in particular. Students

should also be able to carry out relevant theoretical and policy analysis.

Course Description

Meaning and Scope of Development. Approaches to the Study of Development: the linear,

international structural, the neoclassical dependence, the “false start” and other models.

Economics of Growth. Keynesian and Neoclassical growth models. Factors of production;

population, income distribution, trade, environmental, governance. Growth and development.

of 138

Poverty and Growth; Theory and evidence; attacking poverty and inequality: The African

experience. Economics of Population and Development.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment





Routledge NY.



3. Agenor, P.R. and Montiel, J.P. (1999). Development Macroeconomics, Princeton:


4. Chenery, H. and Srinivasan, T.N. (eds)(1989). Handbook of Development Economics,

Vols. 1 and 2 (North Holland, 1989)

5. Hunt, D. (1989). Economic Theories of Development: An Analysis of Compelling

Paradigms, Harvester

6. Meier, G.M. and Stiglitz, J.E. (2001). Frontiers of Development Economics, Oxford

University Press


University Press.


Press

2.6.18 EAE 918: Development Economics II

Purpose

The purpose of this course is to expose students to conceptual, methodological and policy issues

in Development Economics. While it is essential for students to understand the scope and

methodologies involved, emphasis is on appreciation of the controversies arising from them.



the development issues facing the developing world in general and Africa in particular. Students

should also be able to carry out relevant theoretical and policy analysis.

of 138

Course Description

Agricultural Stagnation, Agrarian Structures and the Green Revolution: Stagnation and

structures; the green revolution and lessons for Africa; technology transfer; modernizing

agriculture. Economics of Education; investment in education, education and development,

brain drain in Africa. International Trade and Development: Approaches/theory and policy;

trade and growth in Africa: Capital flight and growth; liberalization issues, approaches and

sequencing; private investment, aid and development. Development Planning.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment





Routledge NY.



3. Agenor, P.R. and Montiel, J.P. (1999). Development Macroeconomics, Princeton:


4. Chenery, H. and Srinivasan, T.N. (eds)(1989). Handbook of Development Economics,

Vols. 1 and 2 (North Holland, 1989)

5. Hunt, D. (1989). Economic Theories of Development: An Analysis of Compelling

Paradigms, Harvester

6. Meier, G.M. and Stiglitz, J.E. (2001). Frontiers of Development Economics, Oxford

University Press


University Press.


Press

2.6.19 EAE 919: Independent Research Paper

Purpose

This course is designed to instill and inculcate the culture of research and research skills on the

students. It is expected that the students will carry out independent research on identified topical

areas and present the same in a series of seminars.

of 138





taking the course will be required to develop and present an independent research paper in a

series of organized seminars.

Course Description

Proposal writing; Presentation of Research Proposal; Data Collection Techniques and Tools;

Data Processing, Analysis and Interpretation; Findings and Discussions; Summary; Conclusions;

Policy Implications/Recommendations; Areas for Further Research; References; Effective

communication and presentation of research output.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment

Independent Research Paper (100%)



Edition, New



Sciences, 5th



Revised






Office




Students, 5th



Francis Group

of 138



2.6.20 ECO 900: Independent Study Paper (New Code)

Purpose

This course is designed to instill and inculcate the culture of research and research skills on the

students. It is expected that the students will carry out independent research on identified topical

areas and present the same in a series of seminars.





taking the course will be required to develop and present an independent study paper in a series

of organized seminars.

Course Description

Proposal and Thesis writing; Research Problem Formulation, literature review, Research Design,

Presentation of Research Proposal; Data Collection Techniques, tools and presentation Data

Processing, Data Analysis and Interpretation; Findings and Discussions; Summary; Conclusions;

Policy Implications/Recommendations; Areas for Further Research; References; Effective

communication and presentation of research output.

Mode of Delivery

i. Lectures




i. Online resources




Course Assessment

Independent Study Paper (100%)



Edition, New



Sciences, 5th



Revised


of 138





Office




Students, 5th



Francis Group



2.6.21 ECO 901: PhD Thesis (New Code)

Purpose

This is a PhD Thesis carried out independently by the PhD Candidate. Under the supervision of

the department, the student comes up with a research problem and using an economic model

analyses this problem and writes a thesis, which goes through all the stages of presentation,

examination, defence and other quality control mechanisms.



the research process, write and submit a research thesis. The research thesis is evaluated by two

internal examiners and one external examiner.

Course Description

This is a PhD Thesis written by the PhD candidates under the supervision and guidance of two

university appointed supervisors. The candidate shall develop and present a study proposal to the

School Postgraduate Board. Upon successful presentation of the Proposal, the candidate shall be

allowed to undertake a full length research and write the PhD Thesis. Preliminary findings and

final PhD Thesis shall be presented at the School Postgraduate Board before the candidate is be

allowed to submit the Thesis to the Graduate School for Examination.

Mode of Delivery

i. Independent research by student

ii. Student-lecturer interaction

iii. Presentations and review


i. Online resources




of 138

Course Assessment

Final Thesis (100%)



Edition, New



Sciences, 5th



Revised






Office




Students, 5th



Francis Group



SCHOOL OF ECONOMICS DEPARTMENT OF APPLIED ECONOMICS … › schools › economics › images ›...

Documents

Transcript of SCHOOL OF ECONOMICS DEPARTMENT OF APPLIED ECONOMICS … › schools › economics › images ›...