This module provides an essential, simple, useable body of economic theory, which will both provide the basis for further study and equip students with a real understanding of the role of economics in business, public and private policy/decision making.
On the world agenda, microfinance institutions are promoted as effective tools for reducing poverty. The current focus on microfinance is based on the need to shift from top-down to bottom up development approach. The course provides a multidimensional exploration covering the demand of the financially excluded category, sustainable supply to meet this demand, as well as the pricing strategies of these financial services. This course aims to provide with microfinance with an understanding of microfinance as an important development tool for promoting sustainable development and women empowerment in developing countries.
OR is the study of scientific approaches to decision making. we use mathematical tools for finding solutions of models.
Industrial Economics aims to familiarize students with a broad range of methods and models used by Economists to analyze firms and industries. Specifically, this module aims to provide a thorough introduction to the field of industrial organization, particularly the size and structure of firms and markets, interactions of firms on the market, determinants of firms conduct and performance, and the competition policy and regulation.
Description of the module
Operations research is the study of scientific approaches to decision-making. Through mathematical modelling, it seeks to design, improve and operate complex systems in the best possible way. The mathematical tools used for the solutions of such models are either deterministic and stochastic, depending on the nature of the system modeled. In this class, students will learn very powerful modeling and solutions techniques for decision-making problems that are used today by many successful companies to help them earn and/or save millions of dollars.
- Understand the intermediate concepts of microeconomic principles and their application
- Make use of mathematical skills for graphical and algebraic analysis
- Analyze and interpret graphs
This course attempts to equip students with complex tools of microeconomic analysis.
The purpose of this module is to equip students with the necessary skills for further study: computer access, library induction, skills of essay- and examination-writing and oral presentation, an understanding of the logic of argument, skills of note-taking, summarizing and information retrieval, the knowledge and attitude to cope with self-directed study and an understanding of what is expected of the student of the university.
The objective is to keep our class in touch with the real world and to enhance true professionalism in the students.
Indicative Contents
Unit 1: Algebra
Set theory :Definitions, Set elements, Subsets, Set operations andapplications to probability; Set of real numbers, exponentiation and irrational numbers in IR, factorisation in IR ,and algebraic fractions ;
Functions: Definitions, domain of a function, graphs of functions, parity,periodicity, quadratic and parabolic functions ;
Equations: First and second-order equations; Exponential equations.
Sequences and series: Definitions and properties, Arithmetic andGeometric progressions, Sum operations.
Unit 2: Matrix algebra
Definitions, and properties; Types of matrices, operations on matrices Determinant of a matrix, matrix inversion, Application of matrices
Unit 3: Differential and integral calculus
Differential calculus: Limits and continuity, Rules of differentiation, derivatives of explicit and implicit functions(polynomial, logarithmic, exponential), Higher order derivatives
Integral calculus :Definition, Rules of integration, Integral functions, Applications
Differential calculus: Limits and continuity, Rules of differentiation, derivatives of explicit and implicit functions(polynomial, logarithmic, exponential), Higher order derivatives
Integral calculus : Definition, Rules of integration, Integral functions, Applications , Limits, continuity, differentiation, integration, and transcendental functions.
MULTIVARIABLE CALCULUS: Partial differentiation, multiple integration, and infinite series.
This module provides a comprehensive explanation of the conceptual basis and framework of the national income and product accounts (NIPAs). It describes the structure and purpose of the economic accounts, discusses the relationship between business and financial accounting and national economic accounting, and presents a derivation of the NIPA accounts from production, income and outlay, and capital accounts for each sector of the economy.