Course Structure

[vc_row][vc_column][vc_column_text]The Master of Arts in Economic Policy Management

The Department of Economics under the Economic Policy Management Programme offers a Master of Arts in Economic Policy Management. The minimum entry qualification for admission into the programme is a Bachelor of Arts degree in Economics or any other relevant field with a credit or its equivalent from a recognized university and a minimum of three years of professional experience in the public and private sectors. The degree program consists of coursework in economics, management and policy analysis. Students are also required to write a policy research paper. A student in the programme will normally enroll in the following courses:

[/vc_column_text][vc_accordion title=”First Trimester Courses” collapsible=”yes” active_tab=”false”][vc_accordion_tab title=”EPM5611: Computer Skills”][vc_column_text]Pre – requisite:  None

Rationale

The purpose of the course is to make students familiar with the computer and impart computer skills.

Aim:

The aim of the course is to introduce students to the use of computers and familiarize them with software used in planning, decision-making and research.

Objectives      

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

  1. demonstrate an understanding of computers and their applications in planning,research, and decision -making.
  2. use computers in planning, research and decision-making
  1. analyse economic and other types of data using statistical packages
  2. interpret statistical results generated by computer software.

[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM 5621: Effective Policy Cummunication”][vc_column_text]Pre-requisites: None

Rationale

Skills in effective policy communication are very important for a policy analyst. Policy decisions have to be communicated to stakeholders and explained to policy makers. A course in effective communication is therefore necessary in making the policy analyst more effective in his work.

Aim:

The aim of the course is to teach students the fundamental principles underpinning various aspects of personal, interpersonal, business, organizational and mass communication.  The course addresses the processes involved in communication, the skills needed for effective communication, how communication works within businesses and organizations and how that relates to the way the mass media works.

Objectives

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

  1. Demonstrate knowledge of the fundamental principles underpinning various aspects of personal, interpersonal, business, organizational and mass communication.
  2. Demonstrate an understanding of the processes involved in communication.
  3. Communicate effectively.
  4. Demonstrate how communication works within businesses and organizations and how that relates to the way the mass media works.

[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5111: Microeconomics for Policy”][vc_column_text]Prerequisite: None 
Rationale

A good foundation in microeconomics is very essential for policy makers and analysts to understand how an economy functions at the level of individual decision makers such as consumers and producers.
Aim
The aim of the course is to expose students to the tools of microeconomic theory for the analysis of real world phenomena.
 Objectives
By the end of the course, students should be able:

  1. demonstrate understanding of economic theories related to the behavior of the consumer and of the firm;
  2. demonstrate an understanding of market forms and competition;
  3. demonstrate an understanding of alternative theories of maximization;
  4. apply microeconomic theories to real world situations.

[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5211: Management Accounting for Policy”][vc_column_text]Pre-requisites: None
Rationale:

Knowledge of managerial accounting is basic to effectiveness of work in the public sector. The purpose of the course is to give the student basic concepts of financial and managerial reporting. The viewpoint is that of readers of financial and managerial reports rather than accountants who prepare them.
Aim:
The aim of the course is to enhance students’ appreciation of accounting information and the financial implications of the decisions they make.
Objectives:

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

  1. demonstrate an understanding of general principles and tools of financial accounting
  2. demonstrate a grasp of the tools and analytical frameworks that managers use to make

Prospective forward – looking decisions.

  1. apply the tools and analytical frameworks leant  to real world situations

[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5131: Applied Quantitative Analysis”][vc_column_text]Pre-requisite : None
Rationale

Economics is a highly quantitative social science and hence the ability to conduct policy analysis and research presumes a good grounding in the quantitative techniques that are used in the discipline.
Aim
The aim of the course is to equip students with basic mathematical and statistical skills required for effective policy analysis and management.
Objectives
At the end of the course, students should be able to:

  1. demonstrate knowledge of mathematical techniques such as matrix algebra, differential

and integral calculus and optimization ;

  1. demonstrate knowledge of statistical data processing techniques, probability theory and

distributions, estimation and hypothesis testing.

  1. apply mathematical techniques and statistical techniques to the analysis and solution of economic problems.

[/vc_column_text][/vc_accordion_tab][/vc_accordion][vc_accordion title=”Second Trimester Courses” collapsible=”yes” active_tab=”false”][vc_accordion_tab title=”EPM5122: Macroeconomics for Policy”][vc_column_text]Prerequisite: none
Rationale

Macroeconomics is one of the foundation courses in economic analysis. It is therefore considered basic knowledge for policy analysts in the public sector.
Aim
The  aim of the course is to expose students to the analysis of the aggregate economy. It aims at an understanding of the key determinants of macroeconomic variables such as output, employment, prices and interest rates. The emphasis of the course is on the impact of government policies on the macro economy.
Objectives
By the end of the course, students should be able to:

  1. demonstrate an understanding of the structure of the macro economy
  2. analyze economic issues
  3. demonstrate knowledge of macroeconomic policies and their impact on the economy

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[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5322: Policy Analysis, Design and Evalutation”][vc_column_text]Pre-requisite: None

 Rationale:

Policy analysts are involved in everyday decisions on policy analysis, design and evaluation of policies, programmes and projects. A course in policy analysis, design and evaluation is very important to the training of a policy analyst.

Course aim:

The aim of the course is to enhance students understanding  to the different approaches and analysis of different components of the policy making cycle, problem identification, formulation and policy implementation.

Objectives

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

  1. demonstrate knowledge and a skill base which can be built upon to understand policy

issues in various fields of study.

  1. demonstrate an understanding of the multiple roles, expectations, and strategies of the

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[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5222: Strategic Planning & Management”][vc_column_text]Pre requisites: None

Rationale

An economic policy manager needs an understanding of the different perspectives of an organization. This can be acquired through an understanding of concepts of strategic planning and management.

Aim

The aim of the course is to bring together  the different perspectives of an organization and demonstrate to students how top management runs an organization. It aims to provide practical issues and challenges of strategic management so that the compromises and constraints of real organizations are considered.

Objectives

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

  1. demonstrate an understanding of concepts of strategy, their formulation and implementation

2          demonstrate an understanding of the process of goals implementation especially in the changing  environment

  1. analyze both internal and external constraints to the organization so as to identify the key success factors in strategy
  2. analyze an industry and competitors and generate different strategic alternatives
  3. develop, implement and monitor strategic plans for the organization .

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[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5232: Financial Management for Policy”][vc_column_text]Pre- requisites: None

Rationale

The purpose of the course is to inculcate in the student an understanding of financial management in companies and organizations.

Aim

The aim of the course is to enhance students’ understanding of the practice of financial management in companies and organizations.

Objectives:

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

  1. demonstrate knowledge of the main issues involved in making corporate and personal financial decisions
  2. demonstrate knowledge of financial markets
  3. demonstrate knowledge of the techniques of investment appraisal, risk evaluation and management and market efficiency.

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[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5145: Econometrics”][vc_column_text]Prerequisite: None

Rationale

Most research in developing countries is empirical, policy-oriented research and it is econometrics that mainly provides the tools for conducting such research.

Aim

The aim of the course is to equip students with skills in the application of econometric techniques to the analysis of economic data.

Objective

At the end of the course, students should be able to:

  1. demonstrate an understanding of the nature, scope and methodology of econometrics;
  2. apply econometric techniques to the explanation of economic phenomena;
  3. develop models for the purpose of structural analysis, forecasting and policy analysis and research;

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[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5625: Research Methods”][vc_column_text]Pre-requisite:  None

Rationale:

A course in Research Methods is important for Economic Policy Management students because it will impact tools in research and writing research papers.

Aim

The aim of the course is to provide students with the requisite knowledge of research methods which will enable them to understand research and interpret research results as well as to prepare research proposals and carry out research and write research papers.

Objectives

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

  1. read, and summarize a scientific article;
  2. prepare a research proposal in public policy;
  3. demonstrate awareness of the importance of a well defined purpose and adequate problem analysis for a systematic research;
  4. demonstrate knowledge of the different methods of acquiring knowledge and with the different types of research;

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[/vc_accordion_tab][/vc_accordion][vc_accordion title=”Third Trimester Courses” collapsible=”yes” active_tab=”false”][vc_accordion_tab title=”EPM5155: Public Sector Economics”][vc_column_text]Rationale

Public Sector Economics deals with expenditure and tax policies of Governments as well as issues related to legitimate and inevitable role of Government, and criteria for evaluating Government actions.  This course will help policy managers to appreciate the leadership role of Government in national economic management systems.

Aim

The aim of the course is to equip students with tools of analysis in public finance with special focus on efficiency considerations in government programmes.

Objectives

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

  1. demonstrate knowledge of public finance theories to effectively analyse fiscal policies
  2. analyse efficiency factors in government development programmes
  3. analyze the role of government in a market based economy

[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5335: Project Management”][vc_column_text]Pre requisites: None

Rationale

Program and project management is a very crucial aspect of the work in the public sector. The course should provide the students the necessary knowledge to be able to function effectively in the public sector.

Aim

The aim of the course is to provide a comprehensive and integrative understanding of program and project planning and the management process.

Objectives

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

  1. demonstrate an understanding of focused program and project management and their

application and context within an organization

  1. demonstrate how a project is conceptualized and initiated in support of the strategy and

plans of the organization.

  1. relate plans, programs, projects and organization strategy.
  2. organize the project team and manage stakeholders

manage the project by results rather than activities.[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”EPM5635: Policy Research Paper”][vc_column_text]Pre – requisite: None

Rationale

 Policy analysts in the public sector need to be able to conduct research and and write research paper s

Aim:

The aim of the course is to enhance students’ skills and experience in writing research papers for policy makers.

Objectives

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

  1. Write a policy research paper

Content

 The student will write a relevant policy research paper of not more than 20,000 words on a topic of their choice under the supervision of a member of staff.

[/vc_column_text][/vc_accordion_tab][vc_accordion_tab title=”1 Elective from Economics”]
[/vc_accordion_tab][vc_accordion_tab title=”1 Elective from Management”]
[/vc_accordion_tab][/vc_accordion][vc_accordion title=”Economics Electives” collapsible=”yes” active_tab=”false”][vc_accordion_tab title=”EPM5415: International Trade”]
[/vc_accordion_tab][vc_accordion_tab title=”EPM5425: International Finance”]
[/vc_accordion_tab][vc_accordion_tab title=”EPM5435: Health Economics”]
[/vc_accordion_tab][vc_accordion_tab title=”EPM5455: Monetary Economics”]
[/vc_accordion_tab][vc_accordion_tab title=”EPM5445: Environmental Economics”]
[/vc_accordion_tab][/vc_accordion][vc_accordion title=”Management Electives” active_tab=”false” collapsible=”yes”][vc_accordion_tab title=”EPM5515: Human Resource Management”]
[/vc_accordion_tab][vc_accordion_tab title=”EPM5535: Business Ethics and Corruption”]
[/vc_accordion_tab][vc_accordion_tab title=”EPM5525: Entrepreneurship and Business Enterprises”][vc_column_text]Pre-Requisite: None

Rationale

Entrepreneurship and small businesses are generally recognized as critical factors in any national economy. Unfortunately weak policy environment in many countries have led to sub optimal utilization of entrepreneurship and small businesses in national development programs. This course can help promote greater sensitivity and technical capacity among policy managers for harnessing the critical role of entrepreneurship and small businesses in national economic development.

Course Aim

The aim of the course is to enhance students’ understanding of the creative and innovative entrepreneurship in economic development.

Objectives

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

  1. demonstrate appreciation of the critical role of entrepreneurship and small businesses in national economic development.
  2. demonstrate an understanding of the special policy challenges and opportunities for the promotion of entrepreneurship and small businesses.

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