The Curriculum includes the following courses:

• Year 1

  • Semester I

    • ECN 110 - Introductory Microeconomics
      
      Credits : 4
      The principal aim of this course is to equip each student with a conceptual foundation in micro-economic theory and policy.
      Developing basic tools; Market Allocation of Resources; Price System; Consumer Theory; Production Market Structures; Income Distribution; General Equilibrium and Welfare Economics.
    • ECN 111 - Introductory Mathematics
      
      Credits : 3
      This course seeks to provide basic mathematical concepts and principles necessary to develop a sound quantitative base as applied to Social Sciences. Equations and Inequations - linear and non-linear. Partial Fractions; Progressions; Logarithm, Surds and Indices; Set Theory; Matrix Algebra and using Matrices to Solve a System of Equations; Linear Programming (graphical method); Permutation and Combination; Binomial Theorem; Geometry of the Straight Line; Calculus:Differentiation and Integration (including multivariable Functions); Mathematics of Finance: Simple and Compound interest, Annuities, Mortgages and Amortization.
    • ENG 115 - Introduction to the Use of English
      
      Credits : 4
    • Option
      
      Credits : 4

      POL 110	Theory & Practice of Politics	3 Credits
      SOC 110	The Study of Society	3 Credits

  • Semester II

    • ECN 120 - Introductory Macroeconomics
      
      Credits : 4
      The principal aim of this course is to equip students with a conceptual foundation in macro-economic theory and policy.
      Institutional framework and relationships between and among various institutions; National Income; Income Determination; Money and Banking; Inflation; Fiscal and Monetary Policies; Unemployment; Stabilization Policy; Growth Theories; International Trade, Grants; Economic Underdevelopment.
    • ECN 122 - Mathematics for Economics
      
      Credits : 4
      This course seeks to equip students with additional mathematical tools necessary for economic analysis and empirical research. A good background of ECN 111 is necessary. Model Building; Graphs and Equations in Economic Analysis; Calculus including Partial Differentiation. Implicit and Inverse functions and their applications to Economic Phenomena; Mathematics of Finance; Linear Algebra and its application - Jacobian and Hessian, Input-Output Analysis, Eigen values; Simplex Algorithm, Introduction to Game Theory.
    • ECN 123 - Business Statistics
      
      Credits : 3
      This course provides basic statistical concepts, tools and principles to allow students to solve statistical problems and to construct simple statistical models as applied to Social Sciences.
      Data and Data Presentation; Frequency Distribution; Measures of Central Tendency; Measures of Dispersion; Movements, Skewness and Kurtosis; Probability Theory: Marginal Joint and Conditional Probability. Random Variable, Probably Density Functions, Distribution Functions, Expected Value; The Central Limit Theorem; Probability Distribution, Binomial, Poisson, Normal, Approximations. Sampling Procedures and Data Collection Methods; Basic Estimation Theory; Tests of Hypothesis and Significance; Small Simple Theory; Correlation and regression Analysis, theory; Time Series; Index Numbers.
    • ENG 125 - Use of English
      
      Credits : 4

• Year 2

  • Semester I

    • ECN 210 - Intermediate Microeconomics
      
      Credits : 4
      This course is designed to prepare the students with the economic skills required to understand, analyse and apply micro-economic tools to the economic problems encountered by developed and developing countries, and to provide the background for skills required at the work place. Theory of Demand; Theories of Production and Distribution; Costs; Market Structure; General Equilibrium Theory; Welfare Economics; and Externalities Exchange and Allocation.
    • ECN 211 - Economic Statistics
      
      Credits : 4
      The course intends to equip students with the statistical concepts and principles of probability.
      Measuring, collecting and presenting statistical data. Measures of Central Tendency. Measures of Dispersion; Skewness, Kurtosis; Probability Theory; Random Variables and Probability Distributions; Special Discrete Probability Models; Sampling Distribution, Theory of Estimation; Theory of testing – Fixed and varying sample size; Small Sample Distributions; Analysis of Variance; Nonparametric Statistics; Index Numbers; Time Series and Seasonal Analysis.
    • ECN 213 - Managerial Economics
      
      Credits : 4
      Managerial Economics is concerned with the application of economic principles and methodologies to the decision making process of business operating under conditions of risk and uncertainty. The course therefore seeks to expose students to an understanding of these conditions and to employ suitable strategies in the face of risk and uncertainty.
      Theory of the Firm, Objectives of Firms; Present Value; Expected Value; Risk and Uncertainty; Consumer Behaviour; Market Demand Analysis; Market Structure; Estimation of Demand Function; Production and Cost Analysis; Price Analysis; Non-price Strategies; Product Quality and Competitive Strategy; Capital Budgeting and Investment Decisions, Role of Government.
    • MNG 210 – Computer Studies I
      
      Credits : 4
      To acquaint students with a general understanding of computers and their use in the processing of data; To acquaint students with the advantage of dealing with any electronic form of data manipulation.

  • Semester II

    • ECN 220 - Intermediate Macroeconomics
      
      Credits : 4
      This course is designed to prepare the students with the economic skills required to understand, analyse and apply macro-economic tools to the economic problems encountered by developing countries in particular, and to provide the background for skills required at the work-place. National Income and Income Determination; Consumption, Investment; Cyclical Fluctuations; Employment and Inflation; Demand for Money; Stabilization policy; Trade and Growth.
    • ECN 221 - Theory of Econometrics
      
      Credits : 4
      This course seeks to equip students with basic econometric methods of quantifying economic variables and existing relationships. Correlation Theory; Bivariate Models; Multivariate Models; Regression and ANOVA; Problems of Regression: Autocorrelation Multicollinearity Heteroskedasticity; Error in Variable, Dummy Variables; Logged Variables; Problem of Identification.
    • ECN 222 - Comparative Economics
      
      Credits : 4
      This course attempts to familiarise students with the theoretical and empirical exposition of various economic systems. Types of Economic Systems; Theory of Capitalism; Market, Income Distribution, Macro-economic instability, State Intervention; Marxian Critique, Monopoly Capitalism ; Imperialism, Evolution of Marxian Critique, Theory of Socialism, Resource allocation; Planned Socialism, Market Socialism; The American; Japanese and European Systems; Asian, Latin American and Caribbean Systems; Energy Economy.
    • MNG 220 - Computer Studies II
      
      Credits : 4
      To introduce students to the components of a computer system (hardware, software, data and storage devices.
      The students should be able to make intelligent choices about aspects that affect his/her information technology needs – what type of computer, application and system software needed, participate intelligently and knowledgeably in systems development in the organization. To understand the capabilities of different types of information systems. To understand the importance of telecommunications – be aware of the need for security and understand the problem of ethics and invasion of privacy in the computer environment

• Year 3

  • Semester I

    • ECN 310 - Applied Micro-Economics
      
      Credits : 4
      This course attempts to sensitize students to some of the main and imaginative uses to which economic theory is put.
      Resource Allocation; Goals of Firms, Market Structure; Pricing and Pricing Policy; Black Marketing, Smuggling, Undervaluation of Prices; Production Functions; Costs, Game Theory; Labour, Wages and Minimum Wage Laws; Welfare Economics, Economics of the Family, Environmental Issues; Micro-electronics and Information; Role of government. The structure and performance of US, Japanese and Asian Tigers manufacturing industries; - lessons for Caribbean.
    • ECN 311 - Money and Banking
      
      Credits : 4
      This course focuses on the role on money and financial institutions and markets in an economy. It highlights among other issues the role of finance in development and the role money plays in determining inflation levels, balance of payment equilibrium. It examines the role and conduct of monetary policy and highlights the effect such policy can have on the economy.
      Money-definition, Role and Function; Demand for Money, Supply of Money; Financial Intermediaries, The Financial Institutions Act (Guyana), Role of Central Bank and Exchange Rate Management, Bank Supervision, Monetary Policy and Balance of Payments; Other Financial Institutions - Insurance Companies, Trust Companies, Pension Funds and Credit Unions; Money and Capital Markets, Debt and Equity Markets; Primary and Secondary Markets.
    • ECN 312 - Agricultural Economics (I)
      
      Credits : 4
      The principal aim is to analyse the role of Agriculture in the development of LDCs. Barriers to agricultural development will be identified and remedial policies which would encourage faster development will be examined. Special attention will be paid to the problems and prospects of domestic agriculture.
      Structure and Characteristics of Agriculture in LDCs; Land Use Policy; The Green Revolution; Efficiency and Technical Change; Institutional Constraints Irrigation; Pricing Policy; Research Policy; Food Policy and Food Security; Agriculture and International Trade and Trading Blocks and Organisations.
    • ECN 313 - Industrial Organisation
      
      Credits : 4
      This course attempts to analyse market structure, conduct and performance. Special reference will be made to the Guyana situation.
      Elements of Market Structure; Product Differentiation; Sellers Concentration; Barriers to Entry; Stability of Market Structure; Market Conduct Under Pure Competition; Pure Monopoly and Oligopolistic Market Structures; Oligopoly Pricing; Product Policies and Coercive Conduct; Promotion of Competition and the Control of Monopoly; Policies to Restrict Competition; Full Employment and Price Stability; Income Distribution Research and Development; Efficiency; Public Policy; Environmental Issues.

  • Semester II

    • ECN 320 - Public Finance
      
      Credits : 4
      This course is intended to sensitize students to the issues involved in the design and implementation of Fiscal Policy. It focuses on the issues involved in stimulating economic growth and in achieving full employment, price stability and external balance through fiscal policy and proper finance especially in third world economies. Goals and Objectives of Public Economic Policy; Evolution and Role of Fiscal Policy; Fiscal Budget; Analysis of Government and Statistics; Instruments of Fiscal Policy - Expenditure Policy, Tax Policy, Public Enterprise; Fiscal Policy and Structural Adjustment; Public Debt - Internal Public Debt, External Debt; Servicing and Debt Management.
    • ECN 321 - Planning Techniques
      
      Credits : 4
      This course attempts to equip students with the requisite analytical tools for development planning. Students will be exposed to the theory and techniques of development planning at the macro, sectoral and in particular, the micro level.
      Evolution of Planning; Nature of Planning in Capatilist; Problems of Planning; Input-Output Analysis; Linear Programming; Project Cycle and Project Design; Project Profile; Net-Work Analysis; Financial Analysis; Social, Environmental and Technological Considerations. Project Organisational Structures; Project Evolution, Cost Benefit Analysis.
    • ECN 322 - Applied Econometrics
      
      Credits : 4
      This course introduces students to the tools they would need especially in the economic and financial fields. Its main purpose is to introduce students to the application of econometrics in the analysis of economic and financial problems.
      Stage 1 - Review of Econometric principles (ECN 221). Introduction to Statistical Packages namely SPSS' EVIEWS.
      Stage 2 - Specific Econometric studies will be analysed and seminars/workshops will be conducted to afford students the opportunity to present their project ideas and have them discussed.
      Stage 3 - Presentation of project proposals and results of study.
      Regression; Bivariate Models; Multivariate Models; ANOVA; Hypothesis Testing; Mis-specified Models functional forms; Measurement Errors; Misconceptualization; Omitted Variables; Multicollinearity; Auto-correlation; Heteroskedasticity; Seasonality; Stationarity of series;
    • Option
      
      Credits : 4

      ACT 221	Cost Accounting	4 credits
      HST 224	Survey of Caribbean History	4 credits
      ECN 423	Environmental Economics	4 credits
      ECN 424	Transport Economics	4 credits

• Year 4

  • Semester I

    • ECN 410 – Labour Economics
      
      Credits : 4
      This course seeks to familiarize students with the theoretical, empirical and institutio9nal issues that are addressed by labour economists. The demand and supply of labour. Market equilibrium; wage differentials; occupational choice; women and the labour market; discrimination; trade unions; human capital theory and human resource development; migration; informal labour market; youth and the job market.
    • ECN 411 - Development Economics
      
      Credits : 4
      This course seeks to provide students with a solid conceptual and empirical foundation for understanding the chronic domestic and international problems facing Third World countries as they pursue their social and economic development.
      Models of growth; Models of Development; Growth, Poverty and Income Distribution; Population; Rural Development; Education and Health; Domestic and External Savings Mobilization. International Trade theory; liberalization; Privatisation; Agriculture and Industry; Tourism; Women and Development; Environment; Globalisation.
    • ECN 412 - International Finance
      
      Credits : 4
      This course seeks to provide students with a comprehensive, up-to-date and clear exposition of the key elements of international monetary theory as applied to open industrial and developing economies, and within the context of continuous changes in the international economy. Students should be versed in the basic concepts of macroeconomics, and will be exposed to contemporary issues of international finance. The impact of financial mobility on the real sector, the order of economic liberalisation, and the function of international financial institutions are among the key themes of this course.
      The course is categorised into four modules. Module 1 examines the basic theories of Open Economies viz. Interest Arbitrage and Risk Premium, the Foreign Exchange Market and Exchange Rate Determination, and Theories of Balance of Payments Determination. The Role of Monetary Policy and Issues of Financial Repression, and Financial Liberalisation are among the topics of Module 2 which focuses on international adjustment and stabilisation. International Monetary Systems are discussed in Module 3, whilst Contemporary Issues such as Developments in Capital Markets (the Mexican peso crisis, and the Asian Banking Collapse),and the Role of Banking and Securities Markets in Transition Economies, will be addressed in the final module.
    • ECN 413 - Agricultural Economics II
      
      Credits : 4
      This course seeks to expose students to the leading views on the economics of agriculture, inclusive of the impact of agricultural institutions on the development of agriculture in LDCs. It is expected that students will develop an appreciation of the strategies being employed for agricultural development and the constraints faced in development of this sector in Guyana.
      Farm Management; Project Cycle; Cropping Cycle; Herd Projections; Cost Benefit Analysis; Agricultural Prices; Investment Analysis; Role of Government; Trade Policy; Globalisation of Free Trade. WTO and Agricultural Policies. Agriculture and Growth an d Development. Agricultureal Industrialization. Global and Caribbean Experiences.

  • Semester II

    • ECN 420 - Labour Economics II
      
      Credits : 4
      This course attempts to address a number of current labour market issues. Its focus is the empirical and institutional issues that attract the attention of policy-makers, Trade Unions, Managers, Planners and Labour Economists.
      Changes in the structure of the employment, incentives and productivity - Public Service Wages; Employment Creation, Unemployment and Inflation; Quality of Labour Force; Labour Market Information System; Labour Mobility; Free Movement of skilled persons in the Caribbean, Migration, Job Search; Occupational Safety and Health; Institutional arrangements affecting the Labour Exchange Process; Race/Ethnicity, Gender, Age and other basis of discrimination; Poverty, pension schemes, informal labour market.
    • ECN 421 - Industrial Policy
      
      Credits : 4
      Students will be exposed to the leading views of industrial policy and the various paths taken by different countries. The course also reviews and analyses the main stream issues of LDCs as they are presented in the resurging neo-classical thinking. Foundations of Industrial Policy; Industrialisation in Developing Countries; Path to Industrialisation; Industry and Development, Employment, Trade, Externalities and Linkages; Infant Industry; Finance for Industrialisation, Industrial Planning; Technology Development, Barriers to Integrated Industrial Structure; Spatial Imbalances and Industrial Location Policies; Dependency Theory; Transnational Corporations; Strategies for Industrial Development; Alternative Approaches: Economic Efficiency Manufactured Exports, Productivity Growth and Infant Industry; Indigenous Technical Change Incentives, Micro-enterprises; Role of the State.
    • ECN 422 - International Trade
      
      Credits : 4
    • Option
      
      Credits : 4

      ACT 221	Cost Accounting	4 credits
      HST 224	Survey of Caribbean History	4 credits
      ECN 423	Environmental Economics	4 credits
      ECN 424	Transport Economics	4 credits