DEPARTMENT OF THEOLOGY AND ECONOMICS –DETEC
BACHELOR OF SCIENCE IN DEVELOPMENT ECONOMICS
BSc DEVELOPMENT ECONOMICS
Background: The formation of political economy that shaped the universe of the economy commenced with the seminal works of Adam Smith, (1) The Theory of Moral Sentiments” and (2) An Inquiry into The Nature and Causes of the Wealth of Nations. These are regarded as the foundation of the so-called Market economy. As common knowledge, Capitalism was founded upon market economy. The most prevalent and applied economic model for economic prosperity thus did not occur in isolation. Therefore, these are not devoid of immediate influences and misinterpretations and misrepresentations.
Deficiencies, therefore, have been identified in global economic order that promote serious disequilibrium economic growth between Africa and the rest. Global economy thus lacks ethical component and presently, is in need of a new order and growth stimuli. Many theories have not paid much attention the missing link identified, which is a science of the rules of morality called, Ethics, expunged from the economics theory of Adam Smith. The world economic order is as the result confronted with severe ethical issues threatening equitable global economic order. Hence, this institution has developed three development economics programmes for the academia and industry to address the issues for economic structural transformation and sustainable economies.
This is a Four-year Bachelor of Science –BSc in Development Economics programme in theocratic order –theology and economics (Theoconomics). Theoconomics is a new economic order known as Theoconomy for Home Grown Solutions Economy. Theoconomy is an applied theology introduced in a practical theology in contextual mission–new career path in Economics and Industrialization with Ethics and Innovation for Home Grown Solutions for stronger and sustainable fundamentals of economies of developing nations.
The aim of this programme is to promote development economics on the tenets of Theoconomy for economic structural change and transformation for sustainable economies for developing nations to break away from the existential foreign grant-loan-aid-import dependency economy.
Thus, the BSc programme is objectively designed to introduce academic discourse of economics, industry, ethics, innovation and theology in the academia to address the imbalance and special disadvantage of developing economies in the global economic system. In order to achieve this objective it is distinguished from traditional Economics in adopting strategies that are designed to boost the survival and development potential of disadvantaged economies. It teaches students the science, industry ethics and theology for both personal and national development. The major skill lack this programme addresses is the ethical category of skills and theology of doing economics that is overlooked by traditional economics. The programme provides all the competitive skills in traditional economics, but the programme complements these with ethical and theological courses designed to train responsible and nation-building economists–Ethical and theological economics reasoning align with the Sustainable Development Goals (SDGs) that aim to achieve sustainable development by 2030. This BSc is a fundamental programme progressing to study transformational economics in development economics –personnel for live competences for industry growth in developing economies of developing countries
COURSES OUTLINE
Level 100
| LIST OF COURSES | ||
| First Semester | Introduction to Economics I | DECO DETECS1 |
| Principles of Theoconomy | DECO DETECS1 | |
| Ethics and Economics I | DECO DETECS1 | |
| Critical Thinking I | DECO DETECS1 | |
| Elements of Mathematics for Economics | DECO DETECS1 | |
| Economy of Ghana I | DECO DETECS1 | |
| Required credits | ||
| LIST OF COURSES | ||
| Second Semester | Introduction to Economics II | DECO DETECS2
DECO DETECS2 DECO DETECS2 DECO DETECS2 DECO DETECS2 DECO DETECS2 |
| Philosophy of Theoconomics | ||
| Ethics and Economics II | ||
| Critical Thinking II | ||
| Elements of Statistics for Economics | ||
| Economy of Ghana II | ||
| Required credits | ||
Level 200
| LIST OF COURSES | ||
| First Semester | Principles of Microeconomics | DECO DETECS21
DECO DETECS21 DECO DETECS21 DECO DETECS21 DECO DETECS21 DECO DETECS21 |
| Applied Mathematics for Economics | ||
| Growth and Development I | ||
| Theoconomy and Development | ||
| Logic and Reasoning | ||
| Entrepreneurship and Innovation I | ||
| Required credits | ||
| LIST OF COURSES | ||
| Second Semester | Principles of Macroeconomics | DECO DETECS22 |
| Applied Statistics for Economics | DECO DETECS22 | |
| Growth and Development II | DECO DETECS22 | |
| Mission and Missiology | DECO DETECS22 | |
| Applied Critical Thinking | DECO DETECS22 | |
| Entrepreneurship and Innovation II | DECO DETECS22 | |
| Required credits | ||
Level 300
| LIST OF COURSES | ||
| Core Courses | ||
| First Semester | Intermediate Microeconomics | DECO DETECS31
DECO DETECS31 DECO DETECS31 DECO DETECS31 |
| Business Ethics | ||
| Economic Growth and Development | ||
| Christian Theology | ||
| Electives Courses | ||
| First Semester | Professional Ethics | DECO DETECS31 |
| Imperialism | DECO DETECS31 | |
| Organizational Behaviour | DECO DETECS31 | |
| Required credits | ||
| LIST OF COURSES | ||
| Core Courses | ||
| Second Semester | Intermediate Macroeconomics | DECO DETECS32 |
| Research Methods | DECO DETECS32 | |
| Mission and Culture | DECO DETECS32 | |
| Ethnicity and Nationalism | DECO DETECS32 | |
| Electives Courses | ||
| Second Semester | Principles of Good Moral Reasoning | DECO DETECS32 |
| Corporate and Environmental Ethics | DECO DETECS32 | |
| Theoconomics and Innovation | DECO DETECS32 | |
| Required credits | ||
Level 400
| LIST OF COURSES | ||
| Core Courses | ||
| First Semester | Microeconomic Theory | DECO DETECS41
DECO DETECS41 DECO DETECS41 DECO DETECS41 |
| Econometrics I | ||
| Project Evaluation | ||
| Negotiation and Strategic Reasoning | ||
| Electives Courses | ||
| First Semester | International Economics I | DECO DETECS41
DECO DETECS41 DECO DETECS41 DECO DETECS41 DECO DETECS41 DECO DETECS41 |
| Labour Economics I | ||
| Public Sector Economics I | ||
| Agricultural Economics I | ||
| Industrial Economics I | ||
| Philosophy of Economics I | ||
| Required credits | ||
| LIST OF COURSES | ||
| Core Courses | ||
| Second Semester | Macroeconomic Theory | DECO DETECS42
DECO DETECS42 DECO DETECS42 DECO DETECS42 |
| Econometrics II | ||
| Project Work (Long Essay) | ||
| Creativity | ||
| Electives Courses | ||
| Second Semester | International Economics II | DECO DETECS42
DECO DETECS42 DECO DETECS42 DECO DETECS42 DECO DETECS42 DECO DETECS42 |
| Labour Economics II | ||
| Public Sector Economics II | ||
| Agricultural Economics II | ||
| Industrial Economics II | ||
| Philosophy of Economics II | ||
| Required credits | ||
Total credits needed to graduate: 144