COBF 1101 MONEY AND BANKING (12 Credits)

The course covers definition of money, origin of money, functions of money

significance of money in economic development, the financial system, the process of
bank credit creation, effect of government borrowing on money supply, the theories
of money, determination of general levels of interest rates, yield curves and
general structure of interest rates, interest rates differentials among financial
assets, real interest rates and nominal interest rates, influence of monetary
authorities on interest rates, monetary policy controls, exchange rates and balance
of payments.

COBF 1102 PRINCIPLES OF ECONOMICS (12 Credits)

The course provides a basic foundation for the subject matter of Economics to
enable students to prepare themselves to use the concept of rationality to
analyzing behavior at a micro level. The course covers issues like Scarcity,
choice and opportunity costs, Central problems of Economics, economic systems,
Theory of demand and Supply, Theory of the firm, costs of production, market
structures; perfect competition, monopolistic competition, monopoly, oligopoly.
Marco economic topics covered include National income Accounting, Macroeconomic
Equilibrium, Fiscal and Monetary Policy, Inflation, Unemployment and Phillips Curve
, Economic Growth, macroeconomics in the open economy, International Trade,
Exchange rate determination.