Professional Documents
Culture Documents
September, 2017
Dembi Dolo
1
Contents Page
College of Business and Economics...........................................................................................................1
Economics Regular Program Curriculum.....................................................................................1
1. Name of the Program...................................................................................................................4
2. Background of the Program........................................................................................................4
2.1. Vision & Mission of the department...................................................................................4
3. Rationale of the Program.............................................................................................................5
3.1. Rationale for Curriculum Change.......................................................................................6
4. Program Objectives......................................................................................................................7
4.1. General Objectives of the program:....................................................................................7
4.2. Specific objectives of the program:.....................................................................................7
5. Resources of the Department......................................................................................................8
6. Professional Profiles.....................................................................................................................8
7. Graduate Profile............................................................................................................................9
8. Program Profile...........................................................................................................................11
8.1. Admission requirements........................................................................................................11
8.2. Duration of the Study.............................................................................................................11
8.3. Mode of Delivery....................................................................................................................11
8.4. Method of Teaching................................................................................................................11
8.5. Medium of Instruction...........................................................................................................12
8.6. Required facilities...................................................................................................................12
8.7. Assessment and evaluation Mechanism..............................................................................12
8.8. Grading System.......................................................................................................................12
8.9. Graduation Requirement.......................................................................................................13
8.10. Degree Nomenclature (in English and in Amharic).......................................................14
8.11. Quality Assurance Mechanism.........................................................................................14
8.12. Program Policy....................................................................................................................14
2
8.13. Program Competence.........................................................................................................15
8.14. Module Name and Distribution........................................................................................15
8.14.1. Module/Course Coding....................................................................................................15
A. The module Coding:...........................................................................................................15
B.TheCourse Coding:.......................................................................................................................15
C.Module codes & names and clustered courses with detailed load &EtCTS, by year of their
delivery..............................................................................................................................................16
D. Economics program, Module course breakdown by year and semester for three years.................18
8.15 Module Name, Code, Category, weights (ECTS)................................................................21
Module Name: Mathematical methods in Economics............................................................................21
Module Name: Microeconomics...........................................................................................................28
...............................................................................................................................................................34
Module Name: Macroeconomics...........................................................................................................35
...............................................................................................................................................................42
Module Name: Statistical Tools in Economics......................................................................................43
Module Name: Mathematical application in Economics.......................................................................50
Module Name: Econometrics and Research Methods............................................................................73
...............................................................................................................................................................81
Module Name: Development Economics..............................................................................................82
Module Name: International Economics...............................................................................................90
Module Name: Natural Resource and Environmental Economics.........................................................96
Module Name: Labor and Industrial Economics.................................................................................100
Module Name: Economics of Agriculture & Rural Development.......................................................108
Module Name: Monetary Economics and public finance....................................................................115
Module Name: Economics of Planning and Project Analysis..............................................................122
.............................................................................................................................................................127
Module Name: History of Economic Thought................................................................................128
.............................................................................................................................................................134
Module Name: Thesis in Economics...................................................................................................135
3
1. Name of the Program
Name of the Program: Economics
As per the new policy of the Ethiopian government to mitigate the manpower shortage in this
field of study the departments aspires to produce qualified citizens who are going to participate
in research and development, teaching and consultancy service that the economy demands and
thereby contribute towards the fulfillment of the development policies and strategies of the
country. Therefore, its plan is to educate and train students in this field of specialization:
Depending on the needs assessment results, the current programme is found chiefly to lack the
mathematical and computational skill the students need to acquire. Given the three years
programme, however, it is hardly possible to incorporate the courses that can address the
shortcomings. Despite this, minor adjustments are made to address the drawbacks to some
extent.
Vision of the department is to be one of the top departments in the nation and be exemplary
through the provision of quality education in economics subject areas, research& consultancy
service by 2020.
Mission
The mission of the department is enhancing the intellectual and economic validity of our country
through our academic program, research and community outreach activities.
4
3. Rationale of the Program
There are fundamental facts that each society faces, i.e., resources are scarce and human wants
are unlimited. This imbalance necessitates efficient allocation and utilization of the scarce
resources in a way that maximize the benefit of the society. This requires understanding of three
issues, i.e., how individuals make decision? How people interact? And how the whole economy
works? Economics deals with the three issues rose. Alternatively, Economics is the science
concerned with how society best allocates and utilizes its scarce resources to maximize its
benefit. It is plain fact that given the scarce resources to satisfy all societal want, nations need to
know how to efficiently allocate and utilize their scarce resources and Economists can help in
this regard.
Owing to these facts, the program in Economics will be of great significance in producing
citizens that try to better understand how the economy works and more importantly how to affect
the economy through economic policies in a way that the society desires.
5
change in curriculum so as the nation successfully produce productive human capital to realize
its vision.
There have been several changes in Economics science that are worth of introducing at an
undergraduate level, hence updating the existing curriculum found necessary in order to produce
an economics professional that understands economic theories and their applications, undertake
economics research in various sectors, stand the level of rigor required at higher level of
economics training, among others.
With dynamic world, the discipline of Economics has been changing and with this changing
world, there should be a need for change in curriculum that can produce qualified experts that
could cope up with the country’s demand. There have also a lot of changes in the discipline at
undergraduate level that is worth of changing the old curriculum to update with these changes,
including modularizing the old curriculum. This will foster the development strategy of Ethiopia
to reach the middle income countries. Therefore, the dynamic nature of the discipline and the
ever demand of the country to produce qualified experts that could foster the development of the
nation demands for the change of the curriculum. In addition, the view/response got from
different stakeholders on the old curriculum matches with the current condition of the discipline.
4. Program Objectives
4.1.General Objectives of the program:
The aim of the program is to produce high level professionals in Economics that will
benefit the country’s sustainable economic development.
The program offers students a comprehensive basis for professional and academic careers
and further education in any economics specializations, through courses and thesis work.
Generally, The department has the objective of producing high level qualified experts in
different professions, launching different research findings to the advantage of the
local/country, and providing consultancy service to the community that will benefit the
6
country’s development endeavour, which will foster the Growth and Transformation Plan
(GTP) of Ethiopia to reach the middle income countries in the near future.
With these general objectives, the prime and specific focuses of the program is:
To produce Economists (Economic thinkers) with basic skills that would help to teach
and do research in areas of economics.
To better acquaint the students with solid understanding of microeconomic theories,
macroeconomic theories, and other economic issues for intelligent applications of
economics in a way that improve the quality, relevance and output of undergraduates in
economics in Ethiopia.
To equip the students with the necessary methodologies in economics that enable them
explain the economic phenomenon, undertake economic analysis and design economic
policy.
To highlight the different applications of economic theories in various sectors and expose
the students to the different sub-discipline of economics [labour economics, agricultural
economics, industrial economics, environmental economics, financial economics, etc]
Produce graduates with a skill of planning, Project preparation, monitoring and
evaluation.
To enable the students undertake theoretical and applied researches relevant to the overall
development strategy and vision of the country and address national problems of socio-
economic roots; and disseminate research findings through outreach program.
To promote interdisciplinary collaboration among the various programs in training,
research and extension.
To offer short term training courses and provides consultancy service for different
organizations and community.
To show students how economic science evolved, its present and future vision of the field
and make them up-to-date with the dynamism of the field.
7
6. Professional Profiles
This refers to general description of the desirable qualities of the professional in the world of
work. Professionals profile is the determination of the conceptual knowledge, skills and the tools
a professional is expected to possess. It is the major roles and tasks of the professional and the
competencies that it requires for optimal functioning. It is the graduate profile that is advanced
through experience in the real world. It is known that economics professionals have the
necessary understanding of theoretical, analytical tool, and practical implementation of economic
issues that can be applied in various institutions (government, non-government, private, and
community related activities). Similarly, they do have knowledge and skills of resource
allocation, are of critical thinking on various socio-economic phenomenon. They do also have
firm mathematical and analytical skills, good knowledge and skill of computer use and software
applications.
Conduct scientific Researches and assist in the dissemination of the findings of such
research in Ethiopia;
Able to provide independent consultancy and advisory services for various agents.
Initiate forum for the discussion of economic issues, and
8
7. Graduate Profile
A graduate profile is derived from the professional profile and describes the
competencies that a graduate (beginning professional) is expected to have as a result of
their educational programs. It determines the program goals and the skills and
knowledge needed for a beginning professional. As a result, after completion of their
study, the graduates will be able to achieve the discussed below knowledge, skills and
attitude.
Graduate Profile
Specifically
9
the different paths/way-outs from the problems or challenges.
- Project designing, appraisal, economic planning, analysis, monitoring and
evaluation.
- Sectoral issues that cover social services as education, health, transport,
communication and electric power and infrastructural developments as a whole.
- The link between the various economic and non-economic aspects.
Skills/tools - Basic computer skills and software applications in economic research and
analysis
- Research proposal developing skills and writing research reports and professional
articles
- Interviewing (conducting of survey) skill
- Critical socio-economic phenomenon observation and data analysis skills
- Both quantitative and qualitative socio-economic research skills.
- How to use empirical evidence to evaluate an economic argument
- How to conduct appropriate statistical analysis of data, and explain the statistical
problems evolved.
- Instruct in universities and higher training institutions.
Attitude - Have a rational attitude about private and/or public matters
- Easy to work with others (economists and other professionals)
- Ready to support state and communities
Emerging & - Governance
Cross Cutting - Community Development
Issues - Gender , HIV/AIDS and Disabilities
- Environment
- Experimental economics, etc
Communicatio Ability to lead Focus Group Discussions
n Formal and Informal communication Skills
An excellent rational oratorical skills
Reporting skills
Reasoning skills.
Management A good management skill of private and public resources
Time Management
A good ability to Manage and suggest ideas and views (the various arguments
that arises because of the various socio-economic complications,)
8. Program Profile
8.1.Admission requirements
The department is a program of study that normally takes three years to complete for full time
regular students and four to five years for part time students. The department will admit if the
student:
o Have been successfully completed preparatory level schools and pass Entrance
examination for the University prepared by Ministry of Education.
10
o Have able to pass the standards set by the department.
8.3.Mode of Delivery
The nationally agreed delivery method is semester based and one module for a maximum of two
consecutive semesters.
8.4.Method of Teaching
The method of teaching shall be student-centered. Students are highly expected to participate in
class works at the middle and end of each session and in group discussions inside and outside of
the class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
8.5.Medium of Instruction
Medium of instruction of delivering the courses of the program is English.
8.6.Required facilities
Being the department and the university is new, the department is full of shortages in different
material. Accordingly, the department needs to have ample resources mentioning as chairs,
computer lab, tables, shelves, cabinets, books both texts and references, econometrics and
statistics soft wares, computers (both laptop and desktop).
11
8.8.Grading System
The grading system is based on the European credit transfer system (ECTS) that is
contextualized to Ethiopia. One EtCTS is equivalent to 27 study hours taking the assumption that
a student has 50 working hours per week (10 hours per day is multiplied by 5 working
days).EtCTS is based on the principle that 60 credits points measure the workload of a full-time
student during one academic year and average semester load of 30 EtCTS (Hence, in a three
year Bachelor Degree program a students must take 180 EtCTS). The grading system will be
criteria-based fixed scale system as shown below:
1. A student who scored ‘C-‘ and/or “D” in a course/s can pass to the next semester if he or
she has pass mark in Cumulative Average Number Grade (CANG).
2. If the ‘C-‘ and/or “D” grade is for a Module or for a course as a module, he/she must re-
sit for another exam with self-study to remove ‘C-‘ and/or “D” when module status
determination is required.
3. A student with a good stand can pass to the next semester and even can graduate if he/she
scores “D” and or “C-” in any course under module. Nevertheless, if the student is not in
12
good standing, he or she should re-sit an exam within two weeks after the beginning of
the semester with self-study.
4. A student who scored “Fx” must sit re-exam with minor support within two weeks time
after the beginning of the next semester. If a student scores “Fx” for the second time, the
grade shall be converted into “F” for status determination.
5. A student who scored “F” in a course/module must repeat the course/module for a
maximum of two-time. After that, if s/he repeats F grade, the student can request for
course change/replacement or waiver as course allergic.
6. The final grade of any repeated course shall be maintained regardless of the initial one.
NB: as indicated in the new nationally harmonized academic policy of Ethiopian Hihger
institutions, Fx is a grade that is o settled with the 1st two weeks through minor helps for the
student and make-up exam; whereas F grade indicate to repeat the course.
8.9.Graduation Requirement
o No ‘F’, ‘NG’, or ‘I’ grade in any course taken.
o The minimum number of credit points (EtCTS- Ethiopian Credit Transfer System) hours
set by the department and all required courses are taken.
o Minimum Cumulative Grade Average Point (CGPA) of 2.00 in all courses
In Amharic: “የአርትባችለርዲግሪበኢኮኖሚክስ”
13
Availability of teaching facilities
Student involvement in both theoretical and practical activities
Effectiveness and efficiency of the management
Good planning, monitoring, and evaluation of activities and academic programs
Examinations and various assessment methods of the training program
Feedback from employers and graduates conducting tracer studies.
Evaluation of the instructors by the staff and by the students to improve the teaching-
learning process
Refining and revising its curriculum in light of recent developments in the field and
immediate demands for the profession
Checking the quality of the program by conducting systematic graduate survey preferably
as part of an alumni management scheme for broader networking
14
The middle two digit number indicate the order/sequence number of the module
The last number representsthetype of the module. It is 1 for core modules, 3 for
general/common/supportive modules, and 2 for elective modules.
B. TheCourse Coding:
The word “Econ” indicate the name of the department “Economics”
The first number represent the Year that students take the course
The middle two digit number indicate the order/sequence number of the module
The last number represents the sequence of the course within the module.
15
C. Module codes & names and clustered courses with detailed load &EtCTS, by year of their delivery
Load Remark
Student
Course Cr. With instructor Hours Cps in
# Module Name/ Title Module Code Clustered Courses Total
Code Hrs Lab/ ECTS
ELH prac/
Tu Assig/
Home
Load
field
tor pres
16
Labour Economics Econ 3101 3 48 10 50 108 4
10 Economics
Industry
of Labour and Econ-M3101
Economics of Industry Econ 3102 3 48 8* 10 42 108 4
Economics of Agriculture Econ 3111 3 48 10 50 108 4
11 Economics of Agriculture
& Rural Development Econ-M3111
Agriculture and rural
development
Econ 3112 3 48 10 50 108 4
Monetary Economics: theory
Econ 3121 3 48 15 72 135 5
12 Monetary Economics &
Public Finance Econ-M3121 & Policy
Public Finance Econ 3122 3 48 15 72 135 5
Planning & Project Analysis I Econ 3131 3 48 15 50 108 4
13 Economics Planning &
Project Analysis Econ-M3131
Planning & Project Analysis
II
Econ 3132 3 48 20 67 135 5
History of Economic Thought
I
Econ 3141 3 48 15 72 135 5
14 History of Economic Econ -M3141
Thought History of Economic Thought
Econ 3142 3 48 15 72 135 5
II
Thesis in Economics I** Econ 3151 3 48 3 57 108 4
15 Thesis in Economics Econ-M3151
Thesis in Economics II Econ 3152 3 64 5 82 135 5
Communicative English EnLa 1161 3 48 15 72 135 5
16 Basic English Skills EnLa-M1163
Basic writing skills EnLa 1162 3 48 15 72 135 5
17 Introduction to Logic Phil-M1173 Introduction to Logic Phil 1171 3 48 15 72 135 5
18
Civics and Ethical CESt-M1183 Civics and Ethical Education CESt 1182 3 48 15 72 135 5
Education
19 Basic computer skills CoSc-M Introduction to computer CoSc 3 32 48 10 45 135 5
2193 applications 2191
Principle of Accounting Acct 2201 3 48 15 72 135 5
20 Principle of Accounting Acct-M 2203 I
Principle of Accounting Acct 2202 3 48 15 72 135 5
II
21
Entrepreneurship and MGMT- Entrepreneurship and MGMT 3 48 20 40 108 4
Enterprise Development M3213 Enterprise Development 3212
* indicates field trip loads
**indicates that the grade of this course is to be graded after the completion of Thesis in Economics II (i.e, after Semester II)
17
D. Economics program, Module course breakdown by year and semester for three years
Year I, semester I
# Module Name Module code Course title Course Cr.hr CPs in Prerequisite Remark
code ECTS
Year I, semester II
# Module Name Module code Course title Course Cr.hr CPs in Prerequisit Remark
code ECTS e
18
Year II, semester I
# Module Name Module code Course title Course code Cr.hr Lab CPs in Prerequisite Remark
ECTS
5 Natural Resource & Econ-M2091 Natural Resource & Econ 2091 3 5 Econ1022
Environmental Economics Environmental Economics
Total 18 29
19
Year III, semester I
# Module Name Module code Course title Course code Cr.hr CPs in ECTS Prerequisite Remark
4 Monetary Economics & Public finance Econ-M3121 Monetary Economics Econ 3121 3 5 Econ1032
5 Development Planning & Project Econ-M3131 Development Planning & Project Econ 3131 3 5 Econ2072
Analysis Analysis I
6 History of Economic Thought Econ-M3141 History of Economic Thought I Econ 3141 3 5
7 Thesis in Economics Econ-M3151 Thesis in Economics I Econ 3151 3 4 Econ2063
Total 18 31
1 Economics of Labour& Industry Econ 3101 Economics of Industry Econ 3102 3 4 Econ1022
2 Economics of agriculture & Rural Econ 3111 Rural Development Econ 3112 3 4 Econ3111
development
3 Monetary Economics & Public finance Econ 3121 Public finance Econ 3122 3 5
4 Development Planning & Project Econ 3131 Development Planning & Project Econ 3132 3 5 Econ3131
Analysis Analysis II
5 History of Economic Thought Econ 3141 History of Economic Thought II Econ 3142 3 5 Econ3141
6 Thesis in Economics Econ 3151 Thesis in Economics II Econ 3152 3 5 Econ3151
Total 18 28
20
8.15 Module Name, Code, Category, weights (ECTS)
Module Name: Mathematical methods in Economics
Module Category: Core
Module Code: Econ-M1011
Module Competency: Gives the student necessary derivative & integral calculus skill for
further economic analysis. The module also aims at equipping students with the application of
linear and matrix algebra to linear economic models
Description Courses included in the module Remark
Cr Hrs 3 3
EtCTS 5 5
Pre-requisite
Module Description
This course comprises six chapters having different mathematical concepts that could be applied to
economic analysis. It starts with the introduction to functions; and then the concept of limits,
derivatives, integrals and difference and differential equations with their applications.
Anintroductiontotheapplicationoflinear algebraintheoreticaleconomicanalysis will be dealt in the
subsequent chapters.Itprovidesstudentswith abasicunderstanding oflinearalgebra and its
applicationin solving economic problems. Specifically, itdeals with concepts like
matrixalgebra,systems oflinearequations andlinearprogramming.
Module Objective
21
to introduce students to the basic concepts of linear algebra that help them acquire the
mathematical knowledge related to linear economic models.
23
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not
allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Text Books:
Barnet R.A. and M.R. Ziegler, (1994), Applied Mathematics for Business Economics, Life
Sciences and Social Sciences, 4th edition, MacMillan College Publishing Company.
Laurence D. Hoffmann, Gerald L. Bradley and Kenneth H. Rosen, Applied Mathematics
for Business Economics, Life Sciences and Social Sciences
Chiang A.C, (1984), Fundamental Methods of Mathematical Economics, McGraw Hill,
Inc.
Knut Sydsæter and Peter Hammond: Mathematics for Economics I and II. Ethiopian
Edition
Knut Sydsæter and Peter Hammond: Essentials of Mathematics for Economics.
References:
24
CourseTitle: Linear Algebrafor Economists
CourseCode: Econ 1012
Chapter2.Systems ofLinearEquations •
Matrix Representation of Linear Equations Chiang[198
SolvingSystemsofLinearEquations 4)] PP 103-
GaussianElimination
123
9 hrs Gauss-JordanMethod
InverseMethod
•Bhardwaj[200
Cramer’sRule 5] PP 2.41-
HomogeneousSystemsofLinearEquations 2.74
EconomicApplications Sydaster, ch
14, pp. ch.15
PP (419-445)
Chapter3.SpecialDeterminants&Matrices inEconomics
Introduction Sydaste, Chapter 2 (27-40)
TheJacobeanDeterminant •Dowling[200
TheHessianDeterminant
EigenvectorsandEigenvalues
1] PP 262-
6 hrs 283
QuadraticForms
25
Module Delivery Methods
The delivery method shall be student-centered. Students are highly expected to participate in class
works at the middle and end of each session and in group discussions inside and outside of the
class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading schedule.
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not
allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
REFERENCES
1. Chiang, Alpha C.(1984),FundamentalMethodsofMathematicalEconomics,McGraw-Hill, Inc
2. Bhardwaj, R. S.(2005)MathematicsforEconomicsandBusiness, ExcelBooks.
3. Knut sydæster and Peter Hammond: Mathematics Essentials for Economic analysis.
Ethiopian Editio
4. Knut sydæster and Peter Hammond: Further Mathematics for Economists. Ethiopian
Edition
26
5. Yamane, T. (2002),Mathematicsfor Economists:AnElementarySurvey, 2nd ed.,Prentice-Hall.
6. Dowling, E.T., (1980),MathematicsforEconomists(Schaum's Outline Series),McGraw-Hill
7. Kapoor,V. k. (2002),IntroductoryMathematicsfor BusinessandEconomics, Sultan
&Sons:NewDelhi
8. .Monga, G.S. (1972),Mathematics and StatisticsforEconomics, VikasPublishingHouse.
9. Bowen, E.K.,etal., (1987), Mathematics with ApplicationsinManagementandEconomics, 6thed.,
IrwinInc.
27
Module Name: Microeconomics
Module Category: Core
Module Code: Econ-M1021
Module Competency:Enables the student to make economic analysis & interpretation from firms & households
perspective
Cr Hrs 3 4
EtCTS 5 6
Module Description
The module contains two course; Micro economics I and Micro economics II. These courses cover theories of
consumer behaviour, producer behaviour and theories of market structure, the neoclassical theory of pricing
for two product market structures (monopolistic competition and oligopoly market structures), factor market
pricing, general equilibrium analysis and asymmetric information. It begins presenting the assumptions
underlying each theory; it proceeds on analysing the behaviour of economic unit (the consumer or producer) in
an attempt to meet its objective and finding the equilibrium of these economic units.
MODULE OBJECTIVE
28
competitive, pure monopoly, monopolistically competitive and oligopoly markets.
Give students an overview discussion of general equilibrium analysis andasymmetric information.
29
Chapter Two: Choice –involving risk and uncertainty
-Hal R.
2.1. Introduction Varian
2.2. Expected utility
1.5 Week 4.5 hours 2.3. Risk aversion -R.S. Pindyck
2.4. Diversification and D.L.
2.5. Risk spreading Rubinfeld
of factors of production
and industry
Course Policy
30
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
REFRENCES
1. A. Koutsoyiannis, Modern Microeconomics
2. H.S. Agrawal, Principles of Economics, 7th edition.
3. Hal R. Varian, Intermediate Microeconomics: A Modern Approach, Forth Edition
4. C. Ferguson, Microeconomic Theory
5. R.S Pindyck and D.L.Rubinifeld, Microeconomics
6. E. Mansfield, Microeconomics: Theory and Applications
7. Robert H. Frank, Microeconomics and Behavior
* Any other Intermediate Microeconomics text book can also be used as a supplementary reading material.
Lecture
Week Topic of the Lecture Reference Materials
(hours)
Chapter One: Pure Monopoly Market
32
5.2.2. Monopolistic power in the factor market
(monopsony)
5.2.2.1. A monopolist using a single variable
factor
5.2.2.2. A monopolist using two or more
variable inputs
5.2.3. Bilateral monopoly
5.3. Elasticity of factor substitution, technological
progress and income distribution
Chapter Six: General Equilibrium and Welfare Economics
6.1. Partial and General Equilibrium Analysis o Koutsoyannis: pp
6.2. General Equilibrium in a Pure Exchange 495 - 506
Economy o Dwivedi: PP 557 –
2 Weeks 8hours 6.3. General Equilibrium in Production 561
6.4.Simultaneous Equilibrium of Production and o Pindyck: PP 562 –
Consumption 568, 573 – 580
6.5 Welfare Economics: Criterions
Chapter Seven: Introduction to Asymmetric Information
7.1. Adverse Selection o Pindyck: PP 591 –
7.2. Moral Hazard 615
1 Week 4 hours
7.3. Signalling
7.4. Asymmetric Information
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
Lecture Method
In-class problem solving
33
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including quizzes, test
and final exam. Marks will be allocated according to the following grading schedule.
REFERENCES
1. A. Koutsoyiannis, Modern Microeconomics
2. D.N.Dwivedi, 1997, Micro Economic Theory, 3rd Ed., Vikas Publishing
3. R.S. Pindyck& D.L. Rubinfeld,Microeconomics.
4. Hal R. Varian, Intermediate Microeconomics: A Modern Approach, 6th Ed.
5. C.L.Cole, Micro Economics: A Contemporary Approach.
6. Ferguson & Gould’s, 1989, Microeconomic Theory, 6th Ed.
7. R.R. Barthwal, Microeconomic Analysis.
8. E. Mansfield, Microeconomics: Theory and Applications.
9. D.S. Watson,Price Theory & Its Uses.
*Any other Intermediate Microeconomics book can also be used as a supplementary reading material.
Module Description
This Module is divided in two parts. The first part is Macroeconomics I, course code Econ-1031, and it is
offered in the first semester for first year students. Macroeconomics I focus mainly on short run analysis of an
economy or business cycle. Hence, the main aim of this course is to present and discuss the different views of
economists (as represented by school of thought) on how an economy behaves in the short run, how
equilibrium is achieve in the short run, and the role of market forces and government in short run economic
stabilization. For this purpose, this part is divided in to three parts: Introduction, aggregate demand and supply
analysis of a closed economy, and the analysis of open economy macroeconomics.
The second part of the Module is Macroeconomics II, course code Econ-1032. Macroeconomics II is offered
in the second semester of year two only up on a success full completion of the first part of the macro module.
This part is divided in to four sections to present and discuss long run analysis of an economy or economic
growth, the micro foundations of macro analysis, recent developments and debates in macro theories and
policies, and the relevance and applicability of the Conventional macroeconomic theories and policies to the
economies of the developing world respectively.
Module objective
In this module the students are exposed to look at the aggregate analysis of an economy and the
interrelationship between various aggregate economic variables. It also incorporates the monetary and fiscal
policy instruments through which government can influence the value and dynamics of aggregate economic
variables and thereby the performance of economies. It also presents the analysis of transmission mechanism
of the effect of macroeconomic policies on the behavior of economic agents. Generally, the module enhances
35
the knowledge of the students regarding the functioning of the economy as a whole as well as the rest of the
world thereby to develop a closer link between academic learning and the professional practice in analyzing
various economic aspects.
36
2.8 Unemployment and Inflation Theory and Policy
37
5.3.4. Imperfect information Analysis
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
Reference:
Text Books
Course Description
Macroeconomics II is divided in to six chapters.The first Chapter discusses the theories of investment. The
second chapter is about theories of money demand and supply; followed by is the third chapter that presents
the macroeconomic policy debates. Chapter four is concerned withmodels of economic growth including Neo-
Classical theories of economic growth. It mainly deliberates the Harod-Domar, the Solow- Swan, and Solow-
Swan with technology models of economic growth. The fifth chapter deals with the macroeconomic aspects of
labour market. Finally, the sixth chapter present a review of the applicability of conventional macroeconomic
tools for the developing world with special reference to African economy.
Course Objective
This course has the objective of providing students with the basics of macroeconomic analysis. The course is
thus supposed to let students understand the fundamentals of the interactions of economic agents at the
aggregate level. With this perspective, students are expected to acquire at least the framework to further
analyze the aggregate interactions among economic agents themselves and the outcomes that these
interactions generate in the economy at some level of aggregation. This is fundamentally based on the wealth
of macroeconomic theories that can be ascribed to the classical and Keynesian schools of thought .
Week Lecture Topics Of Lecture Main Reference
(Hour)
39
Chapter 1: theories of Investment
4 12 hour 1.1 The concept of investment N.GregoryMankiw,
1.2 types of investment 2007,
Business fixed investment Macroeconomics 4 th
Inventory investment edition
Residential investment William H. Branson,
1.3 Neoclassical Model 2006 Macroeconomic
1.4 Keynesian Explanation Theory and Policy
1.5 Tobin’s-Q Model
1.5 Accelerator (Inventory Model)
Chapter 2: Money Demand and Money Supply
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
Lecture Method
41
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including quizzes, test
and final exam. Marks will be allocated according to the following grading schedule.
Reference:
Text Books
42
Introduction to Statistics Statistics for Economists
ModuleDescription
Throughout our daily lives; we use statistical concepts intuitively and we all think statistically. If not, think
how many times you have decided to take a jacket with you because you have predicted it will be cold after
hours; how many times you have given your blood for medical test in a laboratory; etc. In fact, modern society
is driven by statistics.
This module introduces students to the fundamental knowledge on statistical tools, methods and their
application and is also designed to acquaint students with the basics of probability theory, sampling, and
inferential statistics (estimation and hypothesis testing). It is thus aimed at creating adequate statistical theories
that deals with both descriptive and inferential statistics as applied in economics.
Objectives of the Module
COURSE DESCRIPTION:
43
We use statistical concepts intuitively in our daily lives; and believe it or not, we all think statistically. If not,
think how many times you have decided to take a jacket with you because you have predicted it will be cold
after hours; how many times you have given your blood for medical test in a laboratory; etc. In fact, modern
society is driven by statistics.This course is an introductory course which helps students get a preliminary
knowledge on statistical tools, methods and their application. Data and probability related issues will be
addressed. On the progress of the course, emphasis will be given to sampling theory, data collection and
presentation, measures of central tendency and variation, linear regression and elementary probability theory.
The rationale for providing Introduction to Statistics is to equip you with an arsenal of techniques for
understanding Statistics for Economists, which focuses on probability theory, parameter estimation and
hypothesis testing.
COURSE OBJECTIVES:
Upon completing this course, you will be able to:
Explain the basic concepts of Statistics;
Collect and organize statistical data;
Identify the different types of sampling techniques;
Analyze and conclude based on the collected data; and
Understand the basics of introductory probability theory.
3. DATA COLLECTION AND PRESENTATION 08 DATA COLLECTION AND PRESENTATION (08 hrs)
3.1 Data Collection
3.2 Classification of Data
3.3 Methods of Data Collection
44
3.4 Data Collection
3.5 Classification of Data
3.6 Methods of Data Collection
3.7 Tabular Methods of Data Presentation
3.8 Frequency Distributions
3.9 Graphic Methods of Data Presentation
4. MEASURES OF CENTRAL TENDENCY (09 hrs)
4.1 The Use of Summation Notation
4.2 The Mean and its Properties
4.3 Arithmetic, Geometric, and Harmonic
4.4 The Median and Other Measures of Location
4.5 Deciles, Quartiles, Percentiles
4.6 Mode and its properties
5. MEASURES OF VARIATION (09 hrs)
5.1 Introduction
5.2 Types of Measures of Variation
5.2.1 Range, Interquartile Range, Mean Deviation
5.2.2 Variance and Standard Deviation
5.2.3 Coefficient of Variation, Standard Scores, Z- scores)
5.3 Moments, Skewness and Kurtosis
6. SIMPLE LINEAR REGRESSION AND CORRELATION(07 hrs)
6.1 Simple Linear Regression (The Method of Ordinary Least Square (OLS), R2)
6.2 Linear Correlation (Coefficient of Correlation, Rank Correlation Coefficient)
7. ELEMENTARY PROBABILITY (06hrs)
7.1 Definition of Terms and Concepts
7.2 Principles of Counting
7.3 Some Rules of Probability
7.4 Conditional and Independent Probabilities
7.5 Basic Concepts of Probability Distributions
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
45
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
REQUIRED REFERENCES
1. Freund, J.E. and G.A. Simon (1992). Modern Elementary Statistics, 8th ed., Prentice-Hall.
2. Hooda, R. P. (2003). Statistics for Business and Economics, 3rd ed., New Delhi: Macmillan.
3. Monga, G.S. (2000). Mathematics and Statistics for Economics, 2nd ed., Delhi: Vikas Publishing.
4. Freund, E.J. Modern Elementary Statistics, John Wiley.
5. Gupta, C.P. Statistical Methods.
6. Gupta, C.B and Gupta, V. An Introduction to Statistical Methods
7. Leven,J. Elementary Statistics in Social Research.
8. Pine, V.R. Introduction to Social Statistics: Its Elements and Application
COURSE DESCRIPTION:
This course is largely a mathematical statistics course. It is designed to acquaint students with the basics of
probability theory, parameter estimation and hypothesis testing. A prior knowledge of such mathematical
concepts as differentiation, integration and matrix algebra is mandatory. The rationale for providing Statistics
for Economists is to equip you with an arsenal of techniques for understanding econometrics, a subject that
focuses on empirical analysis of problems arising in social sciences such as economics, politics, etc. Students
are thus advised at the outset to bear in mind the integration between statistics and econometrics, which is
offered next semester.
COURSE OBJECTIVES:
46
Upon completing this course, make sure that you:
Understand the concepts of probability theory and distributions;
Know the various types of parameter estimation and hypothesis tests; and
Are able to apply statistics in economic analysis and modeling.
47
4.3.2 Conditional Expectation
4.3.3 Independence and Expectation
5. SAMPLING AND SAMPLING DISTRIBUTIONS (6 hours)
5.1 Random Sample
5.2 Statistic and Sample Moments
5.3 Law of Large Numbers
5.4 Central Limit Theorem
5.5 Sampling from Bernoulli and Poisson Distributions
5.6 Sampling from a Normal Distribution
6. ESTIMATION (6 hours)
6.1 Basic Concepts
6.2 Methods of Point Estimation
6.3 Desirable Properties of Estimators
6.4 Interval Estimation
7. HYPOTHESIS TESTING (6 hours)
7.1 Basic Principles in the Design and Evaluation of Hypotheses
7.2 Large Sample Tests
7.3 Small Sample Tests
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
Attending 80% of the lab session is mandatory.
48
The delivery method shall be student-centered. Students are highly expected to participate in class works at
the middle and end of each session and in group discussions inside and outside of the class. Specifically the
course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including quizzes, test
and final exam. Marks will be allocated according to the following grading schedule.
1. Mood, A.M., F.A. Graybill and D.C. Boes (1988). Introduction to the Theory of Statistics, 3rd ed., McGraw-Hill.
2. Miller, I. and M. Miller (2002). John E. Freund’s Mathematical Statistics, 6 th ed., Delhi: Pearson.
3. Freund, J.E. and G.A. Simon (1992). Modern Elementary Statistics, 8th ed., New Jersey: Prentice-Hall.
4. Hooda, R. P. (2003). Statistics for Business and Economics, 3rd ed., New Delhi: Macmillan.
5. Freund, J.E. and R.E. Walpole (1987). Mathematical Statistics, 5th ed., New Delhi: Prentice-Hall.
6. Hays, W.L (1994). Statistics, 5th ed., Florida: Holt, Rinehart and Winston, Inc.
7. Hoel, P.G. (1984). Introduction to Mathematical Statistics, 5thed.
8. Mendenhall, W., R. L. Scheafer and D.D. Wackerly (1981). Mathematical Statistics with
9. Applications, 2nded.manathan, R. (1993). Statistical Methods in Econometrics, Academic Press.
49
Module Name: Mathematical application in Economics
Module Category: Core
Module Code: Econ-M2051
Module Competency: The module enables the student to solve the basic economic problems of optimization
Module Description
This module introducesanddiscussesmathematicaltechniquesusedineconomicanalysissuchas constrained and
unconstrained optimization theories applicable in solving consumerand producer optimization problems and
general equilibrium models. It also equip students with the concept of the Kuhn–tucker theorems, production
theory, introduction to difference and differential equation with their respective applications to solve the real
and practical problems in the economy and formulate a sound and appropriate economic policies
Module Objective
Accustomthestudentswithbasicmathematicaltoolstounderstandthealreadyacquired
knowledgeofeconomictheories empirically
Introducethestudentsabout thequantitativeanalysisofeconomicandnon-economic variables
sothattheycanusetheminformulating appropriateeconomicpoliciesthatcan solve practical and real
lifeproblems of asociety
Helpstudentstounderstandtheeconomictheoriesinquantitativetermsthatenablethem
tounderstandeconomicsthoroughly andconductproblemsolvinganddevelopment- oriented researches in
theeconomy
51
2 6 hours 3. UnconstrainedOptimization Chiang
3.1 Functions of onevariable (1984)-
3.2 Function ofseveral independent variables chapter 11
3.3 Implicit functions and the unconstrained envelope theory. Allen (1986)-
chapter XIV
3 9 hours 4. ConstrainedOptimization Chiang
4.1 One variable constrained optimization with Non- negative (1984)
constraint Kapoor
4.2 Two variablesproblemswith equalityconstrains (2002)-
4.3 Inequality constraints and the theorem of Kuhn-Tucker chapter 8
4.4 The General Case : Mixed constraint
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is subjected to
a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones switched off
during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the student to
sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific quiz
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including quizzes, test and final
exam. Marks will be allocated according to the following grading schedule.
REQUIRED REFERENCES
1. Chiang, Alpha C. (1984), Fundamental Methods of Mathematical Economics, McGraw-Hill.
2. Allen, R.G.D. (1982), Mathematical Analysis for Economists, Macmillan, London
3. Kapoor, V. K. (2002), Introductory Mathematics for Business and Economics, Sultan & Sons.
4. Dowling, E.T., (1980), Mathematics for Economists (Schaum's Outline Series), McGraw-Hill
5. Sydsaeter ,K. AndHammond , P. (2002), Essential Mathematics foreconomic analysis, prentice–Hall.
6. SydsaeterK. StronA,,andBerckP. (2000), Economists‘Mathematical manual ,third editionSpringer .
7. Yamane, T.( 1978), Mathematics foreconomists: An Elementarysurvey,2nd edition , Prentice –Hall
8. Henderson, J.M. and R.E. Quandt (1980), Microeconomic Theory: A Mathematical Approach, 3rd ed., McGraw-Hill.
9. Klein, Michael (1998), Mathematical Methods for Economics, Addison-Wisley.
10. Varian, H.T. (1996), Intermediate Microeconomics: A Modern Approach, 4th ed., Norton
Mode of
Course Title Course Code Prerequisite Cr. Hr. EtCTS
delivery
Module Description:
This module is composed of courses in introductory econometrics and research methods. It will familiarize students
with the basic concepts of economic research particularly using econometric models and software packages. Students
will be acquainted with various types of scientific methods, research designs, principles and problems of research in
economics.The module will help students to learn the key steps in quantitative research including topic selection,
defining a research problem (identifying knowledge gap), reviewing the literature, preparing research proposal,
designing survey instruments, data collection, analysis and interpretation of economic data. These will also be aided
by estimation using statistical packages such as STATA, EViews, PcGive, etc. In the econometric modeling, students
will be introduced to econometrics and go to introductory topics in simple linear regression, multiple regression,
dummy variable regression, simultaneous equation modeling, time series modeling and panel data modeling.
Hypothesis testing, prediction as well as violations of the classical model such as multicollinearity, heteroscedasticity
and autocorrelation will also be appreciated. Students are encouraged to design a research proposal, conduct the
actual research work, write, and present a research report using computers.
Module Objectives:
After completing this module, students will be able to:
Acquaint students with the basics of econometrics;
Acquaint students with various methods of research;
Identify different types of research;
Prepare a standard research proposal;
Understand various methods of data collection and analysis;
Enable design appropriate methodology of research and evaluate alternative techniques of data analysis;
Help students work with economic data using softwares/packages;
Write standard research reports; and
Develop presentation skills in addressing theoretical and empirical issues.
Course Name:Econometrics I
Course Code:Econ 2061
Course Description:
The course aims at introducing the theory (and practice) of cross-sectional econometrics. It first makes an
introduction to the basic concepts in econometrics like economic and econometric modeling as well as types of data;
then proceeds to the simple classical linear regression model and introduces estimation techniquesmethod of
moments, ordinary least squares and maximum likelihood estimation, inference and analyses of residuals. This is
then built into the multiple linear regression. After making tests of linear restrictions emanating from economic
theory, the course willfinally try to highlight the problems of multicollinearity, heteroscedasticity and
autocorrelation. The course builds upon your previous course Statistics for Economists. Hence, familiarity with the
material, particularly sampling distributions, estimation and hypothesis testing will be of much help. These will be
applied on Ethiopian/international data using statistical packages.
Course Objectives:
The main objective of this course is to enable students have a good background knowledge on cross-sectional
econometric models. More specifically, after the completion of the course, students are expected to:
o Distinguish between economic and econometric models;
o Do simple and multiple regression with economic data (both manually and using statistical packages);
o Interpret regression results (like coefficients and R 2) and test hypotheses (both manually and using
statistical packages); and
o Detect (in)existence of problems of multicollinearity, heteroscedasticity and autocorrelation as well as
suggest how to rectify such problems(both manually and using statistical packages).
1. Introduction (4 hours)
1.1. Definition and Scope of Econometrics
1.2. Models: Economic models and Econometric models
1.3. Methodology of Econometrics
1.4. The Sources, Types and Nature of Data
2. Simple Linear Regression (17 hours)
2.1. Concept of Regression Function
2.2. Method of Moments & Method of Least Squares
2.3. Residuals and Goodness-of-fit
2.4. Properties of OLS Estimates and Gauss-Markov Theorem
2.5. Maximum Likelihood Estimation
2.6. Confidence Intervals and Hypothesis Testing
2.7. Predictions using Simple Linear Regression Model
3. Multiple Linear Regression (13 hours)
3.1. Method of Ordinary Least Squares revised
3.2. Partial Correlation Coefficients & their Interpretation
3.3. Coefficient of Multiple Determination
3.4. Properties of Least Squares and Gauss-Markov Theorem
3.5. Hypothesis Testing in Multiple Linear Regression
3.6. Predictions using Multiple Linear Regression
4. Violations of the Assumptions of the Classical Model (14 hours)
4.1. Multicollinearity
4.2. Heteroscedasticity
4.3. Autocorrelation
4.4. Specification Errors: Omission of Variables
4.5. Tests of Parameter Stability
Course Policy
o Late coming is not allowed and no student is allowed to enter after class has started.
o Duplication of assignments is strictly forbidden; it entails serious penalty.
o Assignments are required to be submitted before or on the deadline.
o Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
o Students should switch off their cell phones while they are in class and must keep their cell phones switched
off during all kinds of exam sessions.
o students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
o Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
REFERENCES:
1. Gujarati, D. N. (2004). Basic Econometrics, 4th edition, McGraw-Hill.
2. Maddala, G. S. (1992). Introduction to Econometrics, 2nd edition, Macmillan.
3. Wooldridge, J. (2004). IntroductoryEconometrics: A Modern Approach, 2nd ed.
4. Enders, W. (2004). Applied Econometric Time Series, John Wiley & Sons: Singapore.
5. Koutsoyiannis, A. (2001). Theory of Econometrics, Palgrave: New York.
6. Johnston, J., Econometric Methods, 3rd edition.
7. Kmenta, J. Elements of Econometrics, 2nd edition.
8. Intrilligator M.D, R.G. Bodkin, and D. Hsiao (1996). Econometric Models, Techniques and Applications.
Course Name:Econometrics II
Course Description:
This course is a continuation of Econometrics I. It aims at introducing the theory (and practice) of regression
on qualitative information, time series and panel data econometrics as well as simultaneous equation
modeling. It first makes an introduction to the basic concepts in qualitative information modeling such as
dummy variable regression and binary choice models (LPM, Logit and Probit). Elementary time series
models, estimations and tests for both stationary and non-stationary data will then be discussed. It also
covers introduction to simultaneous equation modeling with alternative estimation methods. Introductory
pooled cross-sectional and panel data models will finally be highlighted. All of these theoretical concepts
will also be complemented by computer lab practices using statistical packages such as STATA, EViews,
PcGive, etc. applied on available Ethiopian/international data.
Course Objectives:
After the completion of this course, students are expected to:
Understand the basic concepts in regression involving dummy independent and dependent variables;
Know the theory and practice of elementary time series econometrics;
Understand the motivation and estimation methods of simultaneous equation modelling;
Get introductory ideas on linear panel data models; and
Apply those theoretical concepts in estimation using statistical softwares.
1. Regression Analysis with Qualitative Information: Binary (or Dummy Variables) (15 hours)
1.1. Describing Qualitative Information
1.2. Dummy as Independent Variables
1.3. Dummy as Dependent Variable
1.3.1. The Linear Probability Model (LPM)
1.3.2. The Logit and Probit Models
1.3.3. Interpreting the Probit and Logit Model Estimates
2. Introduction to Basic Regression Analysis with Time Series Data(18 hours)
2.1. The nature of Time Series Data
2.2. Stationary and non-stationary stochastic Processes
2.3. Trend Stationary and Difference Stationary Stochastic Processes
2.4. Integrated Stochastic Process
2.5. Tests of Stationarity: The Unit Root Test
3. Introduction to Simultaneous Equation models(8 hours)
3.1. The Nature of Simultaneous Equation Models
3.2. Simultaneity bias
3.3. Order and rank conditions of identification (without proof)
3.4. Indirect squares and 2SLS estimation of structural equations
4. Introduction to Panel Data Regression Models(7 hours)
4.1. Introduction
4.2. Estimation of Panel Data Regression Model: The Fixed Effects Approach
4.3. Estimation of Panel Data Regression Model: The Random Effects Approach
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones
switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific
quiz
REFERENCES:
1. Gujarati, D. N. (2004). Basic Econometrics, 4th edition, McGraw-Hill.
2. Maddala, G. S. (1992). Introduction to Econometrics, 2nd edition, Macmillan.
3. Wooldridge, J. (2004). IntroductoryEconometrics: A Modern Approach, 2nd ed.
4. Koutsoyiannis, A. (2001). Theory of Econometrics, Palgrave: New York.
5. Johnston, J., Econometric Methods, 3rd edition.
6. Kmenta, J. Elements of Econometrics, 2nd edition.
7. Intrilligator M.D, R.G. Bodkin, and D. Hsiao (1996). Econometric Models, Techniques and Applications.
Course Description:
Research in any discipline is a base for its development. Basic knowledge in a discipline is also generated
through research. Economic research is additionally required for nations to grow at all levels and to have
a healthy macroeconomic environment. Research undertakings at household, firm, national and cross-
country levels are relevant. Understanding the basics of research in general and economic research in
particular is, therefore, vital. This course is an introductory course which helps students get a preliminary
knowledge on the various methods in research and their applications. Specific techniques and steps in
economic research will be addressed. Upon the progress of the course, emphasis will be laid on research
proposal writing, sampling techniques, data collection methods, hypothesis testing, data analysis,
research report writing, etc. Note that this course will equip you with an arsenal of techniques in the
short-run to effectively write term papers in various courses and your senior essay before graduation, and
in the long-run to research on various economic issues after your graduation.
Course Objectives:
After the completion of this course, students are expected to:
Define the concept of research;
Distinguish between scientific sources vs. other sources of knowledge;
Explain the assumptions that underlie research methodologies;
Discuss the philosophy of research;
Identify different types of research;
Understand the steps to be followed to conduct an economic research;
Be able to prepare a standard research proposal;
Demonstrate the ability of analytical and critical thinking;
Understand various methods of data collection and analysis;
Be able to write standard research reports; and
Develop presentation skills in addressing theoretical and empirical issues.
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes and tests is
subjected to a zero mark. All cheating cases will be reported to the department for further considerations.
Students should switch off their cell phones while they are in class and must keep their cell phones switched
off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will not allow the
student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in that specific quiz
Students must develop a research proposal as one of the requirement for the successful completion of the
course
REFERENCES
1. Ranjit Kumar. 2005. Research Methodology: A step-by-step guide for beginners. London. Sage Publications
2. C.R. Kothari. 2004. Research Methodology: Methods and Techniques. Second Revised Edition.
3. Guajarati, Damodar N. 2001. Basic Econometrics, : McGraw-Hill
4. Leedy, Paul. 1997. Practical Research: Planning and Design. Upper Saddle River: Prentice-Hall.
5. Mukherjee, C., H. White, and M. Wuyts. 1998. Econometrics and Data Analysis in Developing Countries. London:
Routledge.
6. Newman, W. L. 1997. Social Science Research Methods: Qualitative and Quantitative Approaches. Boston: Ally and
Bacon
7. Blaug, Mark. 1992. The Methodology of science: How Economists explain, second edition, 1992.
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including quizzes, test and final
exam. Marks will be allocated according to the following grading schedule.
.
Module Name: Development Economics
Module Category: Core
Module Competency:Apply economic models to conduct research at various levels and write economic
reports apply developmental models to formulate and advice/consult developmental related issues.
Module Description
The module is to provide a brief overview of the development and underdevelopment of nations and
outstanding development theories. It explores the principles, concepts and theories of that have been
developed and applied by economists for the study of the problems of developing nations. In addition, it
examines recent developments in theories of growth and transformation in the context of developing
economies and concentrates on key areas of concern to those responsible for development policy.
Furthermore, it will address the main challenges developing world faces and consider alternative polices
and modern approaches that may contribute to stimulating growth and speeding economic development
in less developed countries. Moreover, it introduces the student to some of the main development issues
that have contributed to the development paths pursued by developing countries like Ethiopia.
Module Objective
Understand how to formulate, test and measure economic models to undertake /conduct research. Acquire the
fundamental developmental concepts to understand contemporary economic problems of developing countries.
RequiredReferences
1. Todaro,M.,(1994)EconomicDevelopment,Fiftheditions,Longman:NewYorkand
London.
2. TodaroM.P.&SmithS.C.(2006)DevelopmentEconomics,Ninthedition,Harlow, Pearson & Addison
Wesley:London.
3. Ray, D.(1998) Development Economics, Princeton UniversityPress.
4. Gillis, DwightH. Perkins, MichaelR., Donald R. and Snodgrass, W.W. (1996) Economics of
Development, Malcolm. Norton &Company.
5. Meier, Gerald, M. andJames E. Rauch(2000)Leading Issues in EconomicDevelopment, Seventh edition,
Oxford UniversityPress:NewYork and Oxford.
6. Ghatak,S.(1995)IntroductiontoDevelopmentEconomics,Thirdedition,Routledge: London.
7. Basu, Kaushik(1997) Analytical Development Economics: The Less DevelopedEconomyRevisited,
TheMITPress:London.
8. Thirlwall,A.P.(2003)GrowthandDevelopment:WithspecialreferencetoDeveloping countries, Seventh
edition, PalgraveMacmillan, UK.
9. Jones, introduction to Economic growth
10. Bardhan, Pranaband Christopher Udry (1999) Development Microeconomics, Oxford
UniversityPress:
11. Deaton,Angus(1997)TheAnalysisofHouseholdSurveys:AMicroeconometricApproachtoDevelopme
nt Policy, theWorldBank, theJohn Hopkins UniversityPress:Baltimore.
12. Dasgupta, Partha (1993) An Enquiry into Well-Being and Destitution, Clarendon Press: London.
13. World Bank, (1990, 1997, 2001)World development report.
Course Title: Development Economics I
3 9 hours 1.1: The Basic Issue: Population Growth and the Quality of Life Todaro&Smith, pp
(2000) Ch.6
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
88
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Module Delivery Methods
The delivery method shall be student-centered. Students are highly expected to participate in
class works at the middle and end of each session and in group discussions inside and outside of
the class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
1. Todaro,M.,(1994)EconomicDevelopment,Fiftheditions,Longman:NewYorkand
London.
2. TodaroM.P.&SmithS.C.(2006)DevelopmentEconomics,Ninthedition,Harlow, Pearson & Addison
Wesley:London.
3. Ray, D.(1998) Development Economics, Princeton UniversityPress.
4. Gillis, DwightH. Perkins, MichaelR., Donald R. and Snodgrass, W.W. (1996) Economics of
Development, Malcolm. Norton &Company.
5. Meier, Gerald, M. AndJames E. Rauch(2000)Leading Issues in EconomicDevelopment, Seventh
edition, Oxford UniversityPress:NewYork and Oxford.
6. Ghatak,S.(1995)IntroductiontoDevelopmentEconomics,Thirdedition,Routledge: London.
7. Basu, Kaushik(1997) Analytical Development Economics: The Less DevelopedEconomyRevisited,
TheMIT Press:London.
8. Thirlwall,A.P.(2003)GrowthandDevelopment:WithspecialreferencetoDeveloping countries,
Seventh edition, PalgraveMacmillan, UK.
9. Jones, introduction to Economic growth
10. Bardhan, Pranaband Christopher Udry (1999) Development Microeconomics, Oxford
UniversityPress:
11. Deaton,Angus(1997)TheAnalysisofHouseholdSurveys:AMicroeconometricApproachtoDevelopme
nt Policy, theWorldBank, theJohn Hopkins UniversityPress:Baltimore.
12. Dasgupta, Partha (1993) An Enquiry into Well-Being and Destitution, Clarendon Press: London.
13. World Bank, (1990, 1997, 2001)World development report
89
Module Name: International Economics
Module Category: Core
Module Code: Econ-M2081
Module Competency: conduct field and empirical investigations to solve practical problems in the
area of international trade and finance.
Module Description
This module contains two courses; International Economics I and International Economics II.
These courses deal with international trade theories and policy issues and how international trade
is financed. The module aims to provide a highly focused discussion of topics in international
economics in two separate subject areas of International trade and international finance in the
context of developing countries. Issues covered in the module are conventional and
nonconventional trade theories which include the classical model (Smith and Ricardo), the
modern and neoclassical theory of trade (the H-O-S model, the Stolper-Samuelson Theorem, and
The Leontief Paradox), The New Trade Theories and the African context (Imperfect competition
and scale economies), Economic Integration and Theories of Customs Union, Trade Policies and
Developing countries (Import Substitution and Export Promotion, Trade and Development, the
World Trade Organization and Developing Countries, etc). Besides, the issues of the Balance of
Payments (and different approaches to balance of payments), Exchange rate economics, Open-
Economy macroeconomics (IS-LM-BP framework, the Mundel-Fleming Model), the Evolution
of International Financial Institutions (the IMF, the World Bank etc…), impact of capital flows
and the debt crisis in African context will be covered.
Module Objective
The objective of this module is to:
Demonstrate understanding of the various effects of trade policy interventions
90
Be able to identify those groups that benefit and lose from a move from free to restricted
trade
Demonstrate how to apply economic reasoning to global policy issues in a critical manner
Demonstrate knowledge of the current issues in economics, an appreciation of how
economists address international economic issues and be familiar with current research
issues in international economics
Understand the economic basis behind current policy debates in international economics
Critically address different policy proposals in addressing issues arising in international
economics
Deliver coherent argument in written work, including coherent arguments for assessing
complex policy issues in the global economy
Develop presentation skills in addressing theoretical and empirical issues in international
economics
Lay a foundation of open Macro International Economics
Discuss and analyze nation’s international interaction through trade and finance to the rest
of the world.
Explain approaches and techniques of analyzing trade and finance internationally.
91
2.3.2.1. Factor Prices Without Foreign Trade
2.3.2.2. Factor Prices With Foreign Trade
2.3.2.3. The Process of Factor Equalization
2.3.2.4. Critical Evaluation of the Factor Price Equalization Theorem
2.4. The New Trade Theories
2.4.1. Tastes as a basis for trade
2.4.2. Product differentiation as a basis for trade
2.4.3. Inter vs Intra-Industry Trade
2.4.4. Imperfect competition as a basis for trade
2.4.5. Trade based on Economies of Scale
2.4.6. Trade based on dynamic technological differences (Posner’s technology gap
model)
2.4.7. Vernon’s product cycle model
3. International Trade and Commercial Policy (12 Hrs)
3.1. Free Trade: Cases For and Against
3.1.1. Cases For Free Trade
3.1.2. Cases Against Free Trade
3.2. Tariffs and Non - Tariff Barriers
3.3. The Infant - Industry Argument for Protection
3.4. Trade Policy and Economic Welfare
3.5. Optimal Trade Policy Intervention
3.6. Trade Liberalization and Issues of Openness
3.7. Import Substitution versus Export Promotion
3.8. Intellectual Property Rights
4. Trade, Growth and Development (6 Hrs)
4.1. Defining Trade Strategy
4.2. Inward - and Outward - Looking strategies
4.3. Trade Strategy and Industrialization
4.4. Trade Strategy and Economic performance
4.5. Country Experiences
5. International Trade Institutions (12 Hrs)
5.1. The General Agreement on Tariffs and Trade (GATT)
5.2. GATT Principles and Exceptions
5.3. Regional Economic Integration (REI)
5.4. The Rationale for REI
5.5. The Forms of Integration
5.6. The Theory of Customs Unions
5.7. Static and Dynamic Effects of REI
5.8. The Experiences of: EAC, ECOWAS, SADC, and COMESA
5.9. The Problems and prospects of the African Union (AU)
5.10. Issues on Globalization: Benefits and Risks
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
92
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
References
1. Appleyard, D. R. and Field, A. J. (2001), International Economics, 4th ed., Mcgraw-Hill/Irwin,
Boston.
2. Dwivedi, D.N.International Economics (1999), Delhi: Konark Publishers
3. International Economics: Theory and Policy, Fourth Edition, by Paul R. Krugman and Maurice
4. International Trade: Theory and Evidence by Markusen James R. et al (1995), McGrow-Hill Inc.—
covers aspects of international trade only - M&MKM
5. Krugman, Paul. &Obstfeld, Maurice. (2003), International Economics: Theory &Policy. New York:
Addison-Wesley.
6. Mannur, H.G, (1998), International Economics, Vikas publishing house pvt.ltd
Obstfeld, Addison Wesley Longman
7. Pilbeam, K. (1992), International Finance, London: Macmillan.
8. Salvatore, Dominic (1995), International Economics, Prentice Hall International, Inc.
9. Salvatore,D. (1998), International Economics, 6 ed., Printice
10. Salvatore,D. (2001), International Economics, India: republikapvt.ltd
11. Sawer, Charles W. & Sprinkle (2006), International Economics
12. Sodersten, B. & Reed, Geoffrey (1994), International Economics, 3rd edition. London: Macmillan.
13. Sodersten, B. and G. Reed (1994), International Economics, New York: St. Martin's Press.
93
2.3.1. The law of one price
2.3.2. The absolute purchasing power parity
2.3.3. The relative purchasing power parity
2.3.4. Flexible-price monetary model of exchange rate
3. Balance of Payments and National Income Accounting (8 Hrs)
3.1. National Income Accounting for an open economy
3.2. Term of trade, balance of trade and balance of payments
3.3. Components of balance of payment
3.4. Balance of payment disequilibrium (deficit and surplus in the BOP)
3.5. Correction of disequilibrium
3.6. The links between saving, investment and the current account
4. Theories of The Balance of Payments (5 Hrs)
4.1. The elasticity approach
4.2. The absorption approach
4.3. The monetary approach
5. Economic Policy in an Open Economy (12 Hrs)
5.1. Brief review of equilibrium in the goods market
5.2. The money market and the balance of payments
5.3. Fiscal and monetary policies under fixed exchange rate regime
5.4. Fiscal and monetary policies under flexible exchange rate regime
6. Prices and Output in an Open Economy (6Hrs)
6.1. Aggregate demand and aggregate supply under fixed exchange rate regime
6.2. Aggregate demand and aggregate supply under flexible exchange rate regime
7. The International Monetary System (IMS) (6Hrs)
7.1. Evolution of the IMS
7.2. Exchange rate regimes
7.3. The Bretton Woods System
7.4. The current IMS and developing countries
7.5. The external debt problem of developing countries,
7.6. The African Debt Crisis
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
94
Module Delivery Methods
The delivery method shall be student-centered. Students are highly expected to participate in
class works at the middle and end of each session and in group discussions inside and outside of
the class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
References
1. Appleyard, D. R. and Field, A. J. (2001), International Economics, 4th ed., Mcgraw-Hill/Irwin,
Boston.
2. Dwivedi, D.N.International Economics (1999), Delhi: Konark Publishers
3. International Economics: Theory and Policy, Fourth Edition, by Paul R. Krugman and Maurice
4. International Trade: Theory and Evidence by Markusen James R. et al (1995), McGrow-Hill Inc.—
covers aspects of international trade only - M&MKM
5. Krugman, Paul. &Obstfeld, Maurice. (2003), International Economics: Theory &Policy. New York:
Addison-Wesley.
6. Mannur, H.G, (1998), International Economics, Vikas publishing house pvt.ltd
Obstfeld, Addison Wesley Longman
7. Pilbeam, K. (1992), International Finance, London: Macmillan.
8. Salvatore, Dominic (1995), International Economics, Prentice Hall International, Inc.
9. Salvatore,D. (1998), International Economics, 6 ed., Printice
10. Salvatore,D. (2001), International Economics, India: republikapvt.ltd
11. Sawer, Charles W. & Sprinkle (2006), International Economics
12. Sodersten, B. & Reed, Geoffrey (1994), International Economics, 3rd edition. London: Macmillan.
13. Sodersten, B. and G. Reed (1994), International Economics, New York: St. Martin's Press.
95
Module Name: Natural Resource and Environmental Economics
Module Category: Core
Module Code: Econ-M 2091
Module Competency:Give advisory services on labor market and firm related issues.
MODULE DESCRIPTION
The module requires students’ background knowledge of introductory economics, and more of
microeconomics.The theoretical foundations try to elaborate how environment affects (and is
affected by) human activities. The subject is concerned on the relationship between environment
and economic activities; the issue and role of property rights; optimal and sustainable utilization
of depletable (non renewable) and renewable resources; and on the optimal pollution control
issues. Since every rational individual and the society as a whole is concerned on the balance
between human activities and preservation of safe environment for the existing and future
generations; the basic question is how to use those resources in an optimal and sustainable
manner. The module aims at enabling the students to understand such circumstances and be
aware of the effects of economic activities on the environment in policy making processes.
MODULE OBJECTIVES
The broad objective of this module is to introduce students with natural resource and
environmental economics. At the end of the module students are expected to know the following
main elements: the subject matter of resource and environmental economics, market failure and
the environment, natural resource economics, the links between development and environment,
environmental policy instruments to control pollution, and environmental valuation techniques.
More specifically, students will be able to:
Understand the general relationships between human activities and the environment
96
Describe the role of property rights in the resource use and allocation decisions
Identify the resource categories and their optimal and sustainable use
Know the optimal pollution control decisions and policy instruments
Identify the different environmental valuation techniques
Apply environmental valuation methods on the socioeconomic activities that will have an
influence on the environment (and resources)
Make rational decisions in utilization of environmental resources and as such, they could
take their part in the activities of solving environmental problems
97
4.3 Renewable resources and 193-216)
4.3-1 Biological dimension of fisheries
4.3-2 Theory of optimal use
4.3-3 Forest resources
Unit Five: Economics of pollution control and environmental policy
2 Week 6 hours 5.1 Pollutant taxonomy Tietenberg T.
5.2 Efficient allocation of pollution (pp 336-363)
5.3 Environmental policy instruments Grafton et al.
5.3-1 Command and control (emission standards) (pp 61-88)
5.3-2 Emission charges
5.3-3 Transferable emission permits
5.3-4 Liability rules
Unit Six: Valuation and cost-benefit analysis of the environmental resources
2Week 6 hours 6.1 Valuation of the environment Prato T. (pp
6.1-1 Welfare foundations 301-328)
6.1-2 Dimensions of value Grafton et al.
6.1-3 Valuation methods (pp 219-273)
6.2 Environmental analysis
Chapter Seven: International Environmental Issues And Economics Of Climate Changes
2 week 3 hours 7.1. International Environmental Externalities
7.2. International Agreements
7.3. Payments for Ecosystem services (PES)
**NB: This course needs practical observation in a field so that the theoretical concepts verified through
practical observation. The load for the course is indicated in the load distribution of the course.
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Since field trips attached to the course are few in number, all students should the attend the
field trips.
98
Module Delivery Methods
The delivery method shall be student-centered. Students are highly expected to participate in
class works at the middle and end of each session and in group discussions inside and outside of
the class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
REFERENCES:
Grafton R.Q., Adamowicz W., Dupont D., Nelson H., Hill R.J., and Renzetti S., 2004: Economics of the
environment and natural resources; Blackwell Publishing, United Kingdom.
Prato T., 1998: Natural resource and environmental economics, Iowa State University Press/Ames,
United States of America
Tietenberg T., 1992: Environmental and natural resource economics, 6 th edition; Harper Collins
Publishers
Convery F.J, 1995: Applying environmental economics in Africa; World Bank Technical Paper, No 277,
Africa technical series, World Bank , Washington DC.
Hanley N., and Clive L.S., 1993: Cost-benefit analysis and the environment, Edward Elgar.
Leser J.A., Daniel E.D., and Richard Z.J., 1997: Environmental economics and policy, New York,
Addison-Wesley.
99
Module Name: Labor and Industrial Economics
Module Category: Core
Module Code: Econ-M 3101
Module Competency:give advisory services on labor market and firm related issues.
MODULE DESCRIPTION
This module contains two courses; Labour Economics and Economics of Industry. A good grasp
of manpower economics is vital for designing and understanding manpower policies and more
generally for appreciating how a modern economy functions. Industrial Economics is the study
of firms, industries and markets. It looks at firms of all sizes - from local corner shops to
multinational giants and` it considers a whole range of industries, such as textile, electricity
generation, car production and restaurants etc...When analyzing decision making at the levels of
the individual firm and industry, Industrial Economics helps us understand such issues as:
MODULE OBJECTIVE
At the end of this module, the student will be able to:
understand the working of labor markets and theories of firms, and their applications
Acquainted with basic facts and terminologies about labour market,
Understand the factors that shape the labour supply and demand,
Appreciate why the labour market does not function perfectly,
Able to know how wage is determined in the labour market with different approaches;
Familiar with the role of government in developing different policies and manpower
planning system.
100
Familiar with different theories of firms, and how the firm grows according to different
theories.
Develop skills to measures of market power/ market performance/ with empirical work.
Distinguish different pricing strategies and its effects on the structure and performance of
firms.
Understand patent protection, research and the rate of technological advance
Appreciate and be able to explain industrial policy which comprises the need for
industrialization, state or private control, monopoly and mergers policy and promoting
small industries.
101
2Weeks 6hours 3.3. The Demand for Labour in the Long-Run 155
3.4. Elasticity of Labour Demand o Borjas G. (2000), Ch.
3.5. Elasticity of Factor Substitution 4, pp 104-155
3.6. Employment Policy o Ehrenberg and Smith
(1994), Chs. 3
Chapter Four: Wage Determination
7.1. The Role of Government in the Labour Market o Bellante and Jackson
7.2. Job Security (1983), Ch. 15
2Weeks 6hours 7.3. Occupational Licensing
7.4. Income Policy
7.5. Labour Market Legislation
Chapter Eight: Employment Problems of LDCs
102
8.1. The Employment Challenges in LDCs o Galenson (ed.) (1971)
8.2. Employment Policy and Strategy of
2Weeks 6 hours
Developing Countries with Particular
Reference to Ethiopia
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
REQUIRED REFERENCES:
1. *George J. Borjas (2000), Labor Economics, Second Edition, McGraw-Hill.
2. *Ronald G. Ehrenberg and Robert S. Smith (1994), Modern Labor Economics: Theory
and Public Policy, Fifth Edition, Harper Collins.
3. *Campbell R. McConnel and Stanly L. Brue (1989), Contemporary Labor Economics,
McGraw-Hill.
4. G.W. Taylor and F.C. Pierson (1981), New Concepts in Wage Determination.
As an additional material, lecture note and problems will be given during class; some
copies, handouts, and review question will be distributed additionally as required.
103
COURSE NAME: ECONOMICS OF INDUSTRY
COURSE CODE: ECON3102
PREREQUISITE: ECON 1022
Week Lecture Topics of the title Reference material
(hrs)
104
3.3.6. The determinants of concentration
Chapter Four: Industrial Location Analysis
**NB: This course needs practical observation in a field so that the theoretical concepts verified through
practical observation. The load for the course is indicated in the load distribution of the course.
Course Policy
105
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Since field trips attached to the course are few in number, all students should the attend the
field trips.
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
o REFERENCES
106
o Core Text
o Barthwal, R.R Industrial Economics: An Introductory Text book, Wiley Eastern Limited,
New Delhi 1984
o Carlton, D.W. and J.M. Perloff, Modern Industrial Organization. 1990.
o Barthwal, R.R Industrial Economics: An Introductory Text book, Wiley Eastern Limited,
New Delhi 1984.
o Clarke, R. Industrial Economics, Basil Blackwell, 1985.
o Carlton, D.W. and J.M. Perloff, Modern Industrial Organization. 1990.
o Ferguson, P.R. and G.J. Ferguson. Industrial economics: Issues and perspectives, 1994.
o Hay, A. Donald and Derek, K. Morris; Industrial Economics and Organisation; Theory
and Evidence (2nd ed); Oxford University press. 1991
o Jacobson, D. and B. Andreosso-oCollaghan. Industrial Economics and Organization: A
European Perspective. McGraw-Hill. 1996.
o Kreps, D.M. Game Theory and Economic Modeling, Clarendon Press, 1990.
o Martin, S. Industrial economics: Economic Analysis and Public Policy, Macmillan
Publishing Company, 1988.
o Scherer, F.M. and D. Rosss, Industrial Market Structure and Economic Performance,
1990.
o Shughar, William F. The organization of Industry, BPI/IR WIN, 1990.
o Stead, R;P. Curwen and K. Lawler; Industrial Economics: Theory, Applications and
Policy; McGraw-Hill; 1996.
o Stigler, GJ. The Organization of Industry, University of Chicago, 1968.
o Stiglitz J.E. Principles of Microeconomics, Norton and company, 1997.
o Tirole, J. The Theory of Industrial Organisation, MIT Press, 1997.
107
Module Name: Economics of Agriculture & Rural Development
Module Category:Core
Module Code: Econ-M3111
Module Competency:Formulate agricultural policies based on theories and evaluate the effectiveness
of these policies
Cr Hrs 3 3
EtCTS 4 4
Module Description
This module contains two courses: Economics of Agriculture and Agriculture &Rural
development. The first part of the module, Economics of Agriculture, deals with basic concepts
underlying peasant characteristics, peasant production economics, theories of optimization and
individual and household decision-making process, agricultural marketing and financing, models
of agricultural development, and policies for solving the problems of agricultural and rural
development in poor countries of the world. The second part of the module, Agriculture
andRural development will consider the process of rural development from both theoretical and
practical point of view. Theories related to definition of rural development, to measurement of
rural development and to new institutional economics approach to rural development will be
covered in this course. Moreover the application of such theories will be analyzed from the
perspective of Indian and Ethiopian experience. Finally, the rural development policy and
strategy of Ethiopia will be examined from both theoretical and practical point of view.
Module Objective
The objective the module is to
Provide students with an exposure to the major problems, theories, models and policies of
agricultural development.
Acquaint students with preliminary knowledge of economic principles of agricultural
production in developing countries.
Enable students to clearly examine the rural development policy of the country and propose
possible and innovative solutions to challenges that could be faced in the process.
108
Introduce students with peasant risk aversion and mitigation mechanisms under conditions
of uncertainty
Acquaint students with agricultural optimization techniques and decision making
Enable students acquire the knowledge and practices of agricultural marketing, financing
and production programing and forecasting approaches.
Acquaint students with theories and models of rural development
help students understand the role and contributions of rural institutions
109
4.2. Functions of agricultural marketing
4.3. marketing agents and enterprises
4.4. Integration and diversification of marketing
4.5. Transaction costs and marketing efficiency
5. Agricultural Finance (6 Hours)
5.1. Sources of agricultural finance
5.2. Credit Worthiness Analysis
5.3. Loan repayment Plans
5.4. The old and new agricultural credit policies
6. Uncertainty and farm Decision making (5Hours)
6.1. Sources of Uncertainty
6.2. Decision Making under Uncertainty
6.3. Mechanisms of Mitigating risk and uncertainty
Risk-averse peasant
Drudgery-averse peasant
The Sharecropping peasant
7. Farm Decision Making Methods (9 Hours)
7.1 Farm Budgeting
7.2 Linear Programming
7.3. Farm Management Simulation
7.4. Farm Strategy Decisions
Planning Stages
Cropping and Livestock Decisions
Farm Size
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
REFERENCES:
110
1. Gail L.C, C.W. Jensen and Douglas D. 1997. Agricultural Economics and Agribusiness.
7th Edition
2. Harold G. Halcrow. 1984. Agricultural Policy Analysis.
3. Holmberg, J. 1992. Making Development Sustainable. International Institute for
Environment and Development
4. Rao, P.K. 2000. Sustainable Development. Economics and Policy. Black well publishers
Inc.
5. Reports on the Ethiopian Economy. Ethiopian Economic Association (Different
Volumes)
6. Thirlwall, A. P. 2003. Growth and Development: With special Reference to Developing
Countries, 7th Ed. Pal grave: McMillan.
7. Todaro, M.P. and S.C. Smith 2003. Economic Development, 8th Edition. Pearson:
Addison Wesley.
8. Todaro, P.T. 1992. Economics for Development world: An Introduction to Principles,
Problems and Policies for Development, Long man.
9. Workneh Negatu, LegeseDadi and Abebe Haile Gebriel (eds) 2003. Agricultural Policy
in Ethiopia's Economic Development: Scope, Issues and Prospects. Proceedings of the 6 th
Annual Conference of the Agricultural Economics Society of Ethiopia, 30-31 August,
2002, Addis Ababa, Ethiopia.
111
2.6.2. Market failures related to imperfect information and missing markets
2.7. State as complementary institution to market
2.8. The role of state in rural and agricultural development
2.9. State failure to coordinate rural development
2.10. Institutional innovation to deal with market and state failure in rural development
2.10.1. Institutions to deal with market failure in rural development
2.10.2. Institutions to deal with state failure in rural development
2.10.3. Local institutional capital and community development
2.11. The institution of property right
3. Theories, models and approaches to rural development (14 Hrs)
3.1. Lewis’s model of development with unlimited supply of labor
3.2. Human capital centered development theories
3.3. Uni modal theory (approach)
3.4. Bi modal theory (approach)
3.5. Integrated rural development
3.6. Models of Agricultural Development
3.6.1. The frontier model
3.6.2. The conservation model
3.6.3. The urban industrial impact model
3.6.4. The diffusion model
3.6.5. The high pay off input model
3.6.6. The Indian green revolution experience
4. Strategies and polices of agricultural and rural development (9 Hrs)
4.1. Strategies of agricultural and rural development
4.1.1. Growth oriented
4.1.2. Welfare Oriented
4.1.3. Responsive strategies
4.1.4. Holistic
4.1.5. Integrated strategies
4.2. Polices of agricultural and rural development
4.2.1. Agricultural price policy
4.2.2. Input policy
4.2.3. Marketing policy
4.2.4. Credit policy
4.2.5. Land tenure policy
4.2.6. Food security policy
5. The Rural Development policies and strategy of Ethiopia (7 Hrs)
5.1. Goals of the rural development policy
5.2. ADLI within uni modal approach and reflection on it
5.3. Policy with in agriculture
5.3.1. Land policy
112
5.3.2. Labor policy
5.3.3. Policy on technology
5.3.4. Settlement policy
5.3.5. Integrated approach to rural development
5.3.6. Reflection on agricultural policy
5.3.7. Marketing policy and reflection on it
5.3.8. Policies on NGO’s and community development, and reflection on it
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
References:
113
Text Books (there are no specific text book for this course. So these are books which are
used often in the course):
1 Katar Singh (1999), Rural Development: Principles, Policies and Management, 2nd Ed. Saga
Publications, New Delhi
2 Frank Ellis (1992) agricultural policies in developing countries, Cambridge University Press,
Cambridge
3 Yujiro Hayami, (1997) Development economics: From poverty to wealth of nations,
Clarendon Press, Oxford
4 Hendrik Van Den Berg (2001), Economic Growth and Development, McGraw – Hill Higher
Education
5 Michael P.Todaro (2000), Economic Development, Addison-Wesley, Amsterdam.
6 Meier, Gerald (1995), Leading issues in Economic development, Sixth edition, Oxford
Univeristy press Oxford - New York
Additional readings
All development books are your additional reference but the following books will be very use
full in specific chapters
1 GopalLal Jain (1997), Rural Development, Mangal Deep Publications Jaipur India.
2 Tom Tietenberg (2003), Environmental and natural resource economics, 6th ed., Pearson
Education Inc.
3 Joseph E. Stiglitz (2001) “information and change in paradigm in economics”, Nobel prize
lecture, December 8, 2001
4 AddisalemBelema (2003), Economic development and democracy in Ethiopia, Dissertation
in Erasmus University, Rotterdam
5 Todaro, Chaelp (2000), Economic Development, fifth edition, Pearson education Limited
Edinburgh Gate, Harlow –England
6 Hayami, Yujiro (1997), Development Economics, Oxford University press, Oxford - New
York
114
Module Code: Econ-M3121
Module Competency: Engage in analysis of monetary and fiscal policy issues
Description Courses included in the module Remark
Monetary Economics Public finance
Couse code Econ 3121 Econ 3122
Cr Hrs 3 3
EtCTS 5 5
Pre-requisite Econ 1032
Mode of Delivery Semester Based
Module Description: Monetary and public finance module deals with the financial aspects of
the government and the possible role of the state in a market economy. This module has two
courses i.e monetary economics and public finance economics. The module acquaints students
with various concepts, theories and realities of public finance and monetary economics.
Module Objective
To understand evolution of money in the historical context
To explain the existence and economic role of Bank and non-Bank Financial institutions
To demonstrate the money supply process, monetary base, the determinants of
moneysupply, how the behaviour of the general public and the banking affect the
moneycreation process
To demonstrate theories of Money, money demand and its determinants,
To enable students to understand and assess policy issues in public finance.
To make students aware of the different schools of thought in public finance.
To enable students to understand and to assess 'cost benefit' analyses of
publicexpenditure programmes.
Chapter 1: Money and Monetary Theory (5hrs)
115
Chapter 3: The demand for Money and other assets (9hrs)
3.1. Quantity theory of money
3.2. Liquidity preference theory
3.3. Post Keynesians developments in monetary theory
3.4. Friedman’s modern quantity theory of money
3.5. Empirical evidence on demand for money
Chapter 4: the Money supply Process (12hrs)
4.1. Players in the Money Supply Process
4.2. Central Bank Balance Sheet and Control of the Monetary base
4.3. Multiple Deposit Creation
4.4. Monetary Supply Model and Money Multiplier
5.5. Over view of the Money Supply Process
Chapter 5: Central Banking and Monetary Policy (9hrs)
5.1. Functions, Structure and Independence of Central Banks
5.2. Tools of Monetary Policy
5.3. Conduct of Monetary Policy
5.4. Goals of Monetary Policy
5.5 Central Bank Strategy
5.6 Monetary targeting and Empirical Evidence
5.7. Transmission Mechanism of Monetary Policy
Chapter 6: Monetary Policy in Ethiopia (6hrs)
6.1 Powers and Functions of the National Bank of Ethiopia
6.2 Conduct of Monetary Policy in Ethiopia
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Public finance deals with the financial aspects of the government and the possible role of the
state in a market economy through the use of lecture, directed reading and term paper (seminar)
preparation and presentation. The general objective of the course is to acquaint students with
various concepts, theories and realities of public finance such as the rationale for state in the
116
economy, the sources and types of revenue for the public, taxing system and types of taxes,
characteristics of an efficient taxing system, criteria for evaluating public expenditure, theories of
public expenditure and its impact on the economy, significance , objective and types of public
budget, deficit financing and its various means, and some relevant public finance issues in the
Ethiopian context.
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
119
Module Delivery Methods
The delivery method shall be student-centered. Students are highly expected to participate in
class works at the middle and end of each session and in group discussions inside and outside of
the class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
References
Atkinson, Anthony B. and Joseph E.Stiglitz.1980.Lecture on public economics McGraw-Hill
books Co-.;
Bailey, Stephen J. 1995. Public sector Economics: Theory, policy and practice
Macmillan Press Ltd.’London.
Baker,Samuel& Catherine Elliot (eds.) 1990. Readings in public sector Economics .
D.C.Health and Co: Lexington.
Boadway.Robin W. 1979.Public sector Economics. Wintrop Publisher: Cambridge.
Brown .C.V. and P.M. Jackson, 1990.Pulic sector Economics, 4th edition. Blackwell:
Oxford.
Browning ,E.K. and J.M. Browning ,1987 Public finance and the price system 3red
Edition . Macmillan publishing Co.: New York.
Cullis John ,& Philip Jones 1998. Public finance and public choice .2nd edition.
Oxford University Press;Oxford.
Easterly ,William , et al (eds.),1994. Public sector Deficits and macroeconomic
performance, Oxford University Press : Oxford. JhaRaghbendra ,1998 Modern Public
economics Rout ledge : London
Musgrave ,R.A and Peggy Musgrave ,1982. Public Finance in theory and practice, 3rd edition
McGraw-Hill: London.
Stiglitz,J.E. 2000.Economics of the public sector ,3rd edition .W.W. Norton & co.: New
York .
Any other relevant books on the course may serve the purpose.
120
Areas for term paper**
** Students are expected to prepare and present a term paper on the above selected issues.
Course Description
The course is organized into four chapters. The first chapter is devoted to the introductory parts
of planning while the second chapter deals with the meaning, characteristics and types of
planning. The third chapter builds on quantitative development planning techniques. The last
chapter deals with planning in practice by taking experiences from Ethiopia and other countries.
Course Objective
Planning is seen as an essential ingredient for rapid development in developing countries like
Ethiopia. It is an integral part of their economic systems. Despite, its world wide popularity, it is
a much debated and controversial subject. The purpose of this course is to create an
understanding of the concept of planning and the tools that are used in practice. The substance of
planning would be taken up in different parts focusing on principles, techniques and practice.
The following are the main topics to be covered in this course.
122
3&4 Inducement. Gayatri b.,
2.2 Short term, Medium term and Long term and Hussain
planning, A
2.3 Fixed and rolling Planning, - Lecture
2.4 Democratic and Totalitarian (Authoritarian) Notes
planning,
2.5 Anti-cyclical and Development Planning,
2.6 Physical planning V/s financial planning,
2.7 Centralized and Decentralized planning.
Chapter – 3 Quantitative development planning techniques:
Week 18 hours 3.1. Choice of planning techniques – pro and - Shahidur R.,
5&6 cones of labor and capital Intensive techniques Gayatri b.,
3.2. Appropriate technique for developing and Hussain
countries. A
3.3. An overview of the characteristics of - Lecture
development planning Models. Notes
3.4. Growth Models - Review of Models in
Development Economics
3.5. Planning Models – Two-Gap Model, Social
Accounting Matrix {SAM} and Linear Planning
Model
Chapter-4 Planning in Practice: Experiences from Ethiopian and other countries.
4 hours Planning in Practice: Experiences from Ethiopian and -
other countries.
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Course Description
123
This course focuses on project implementation, monitoring and evaluation. The subject matter of
project analysis is outreaching beyond the Cost-Benefit analysis. This time government and non-
government organization are highly demanding experts with a knowledge of monitoring and
impact evaluations. The course is organized into five major chapters. The first chapter is devoted
to the basic concepts and cycles ofa project.The second chapter deals with financial analysis and
appraisal of projects. The third chapter builds on the economic analysis of the project. Chapters
four and five discuss the concepts of project monitoring and evaluation.
Course Objective
The purpose of the course is to outline and present the general framework and the basic
methodology for monitoring and impact evaluations for different interventions. The course is
intended to introduce basic monitoring and impact evaluation theories and methodologies. Once
students have a good grasp of the theory and methodologies, they will be in a position to monitor
and evaluate intervention made by government and non-government organizations.
124
2.5. Investment Profitability Analysis
- Non-discounted measures of project worth
- Discounted measures of project worth
2.6 Sensitivity analysis
125
ante Impact Evaluation A
2.2 Methodologies in impact evaluation - Lecture
- Randomized evaluations Notes
- Matching Methods- Propensity score matching
(PSM)
- Impact Evaluation with STATA
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Students must develop a project proposal as one of the requirement for the successful
completion of the course
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
126
Assignment (Indiv/group) 20%
Quizzes/Tests(Max of 10 % each) 30%
Final Exam 50 %
Total 100%
127
Description Courses included in the module Remark
History of Economic History of Economic Thought
Thought I II
Course code Econ Econ
Cr Hrs 3 3
EtCTS 5 5
Pre-requisite Econ3141
Mode of Delivery Semester Based
Module Description
The module, History of Economic Thought is organized in to two parts: History of Economic
Thought I and History of Economic Thought II. The course History of Economic Thought I
provide students with a general picture of the development of economics until the emergence of
classical economics, socialism and marginal revolution. The course demonstrates the
contributions of pre-classical thinking, classical thinkers and deviant thinkers from classicism in
shaping contemporary economic thought. Critical analysis of preceding schools of thought,
beginning from economic ideas of the ancient philosophers up to more recent ones, which help
students in developing broader understanding of contemporary economic theories, which is the
focus of the second part of the module. That is, as a continuation of the first, History of
Economic Thought II mainly deals with economic theories and School of thoughts that have
developed after Classical School of thought. Hence, this course is mainly about the major
families of thought namely Neoclassical, Institutional school and the other non-Marxian
heterodox economic thoughts, Keynesian school, their ramifications and their most recent
reformulations, and reinterpretations.
Module Objective
The main objective of this module is to provide students with a broader understanding of
contemporary economic theories through a critical analysis of the main succeeding schools of
thought beginning with the economic ideas of the ancient philosophers to those of recent
economic thinkers. The specific objectives are:
To acquaint students with the creation and evolution of alternative school of economic
thought
To investigate the technological, ideological, and social forces that has influenced these
schools of thought and the associated theories that were used to explain and analyzed
particular choices.
To encourage the discussion and study of how the rapidly changing events will alter
society's (and the student's) perspective about economic relationships. What new
economic theories will these altered perspectives encourage?
128
To consider the impacts that alternative schools of thought have had on" main stream"
economics
To Encourage the discussion and create brain storming environmental for students to
forward their reflection freely
To encourage students to question them selves, to pose economic issues and be able to
examine, synthesis them.
To encourage students to ask themselves the questions:
o "What do I know?"
o "How do I know?"
o "What do I believe?” and
o "Why do I believe it?"
o "Why did economic philosophers develop different economic theories and
principles?" What were the pushing factors behind?"
129
b. Thomas Kuhn
2.1.6. Recent developments in the Methodology of Economics
a. The Scientific revolution paradigm
b. Lakatos Research Program
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
Reference Book:
Course Policy
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
133
Module Delivery Methods
The delivery method shall be student-centered. Students are highly expected to participate in
class works at the middle and end of each session and in group discussions inside and outside of
the class. Specifically the course will be delivered through the following methods:
Lecture Method
In-class problem solving
Group Work
Assignment
Assessment Methods
Student evaluation in this module consist both formative and summative assessments including
quizzes, test and final exam. Marks will be allocated according to the following grading
schedule.
134
Description Courses included in the module Remark
Thesis in Economics I Thesis in Economics II
Couse code Econ Econ
Cr Hrs 3 3
EtCTS 4 5
Pre-requisite Econ2063 Econ3151
Mode of Delivery Semester Based
Course Policy
The student advisee must consult/contact his advisor in his/her regular contact hours.
The grade for this course will be partially evaluated by the final defence of the thesis, which
takes 40% of the evaluation by other examiners.
A student reported of plagiarism for the first time will be suspended for one year. Doing so
for a second time will result is complete dismissal from the program.
The instructor has full discretion to approve the research title of his advisees and title
changes are only possible in consultation with the advisor.
Evaluation Method
8.16Approval Section
Instructors must stick to the course guidebook agreed at the national level. However, if there is
any need to relax course contents, they can only do so in consultation with the chairman of the
department. Reductions in content are not at all acceptable.
135