DEPARTMENT OF THEOLOGY AND ECONOMICS –DETEC
(FACULTY OF THEOLOGY AND MINISTRY –FTM)
Ghana Christian University College –GHANACU
DEGREE PROGRAMMES: BSc, MA and MSc in 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 Unique Development Economics
It is an economics designed for a new economic order, focusing on the theories namely economic nationalism, mercantilism, linear stages growth model and structural-change with theology, ethics and innovation for fiscal, economic and social conditions. Theology, ethics and innovation overriding mathematics differentiates this from the traditional Development Economics Course.
Bachelor of Science in Development Economics –BSc
The Four-year Bachelor of Science –BSc in Development Economics programme in theocratic order (theology and economics)–Theoconomics is a new economic order known as Theoconomy for Home Grown Solutions Economy. The BSc programme is uniquely, 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. This first degree, 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.
Master of Arts in Development Economics –MA
The one year Master of Arts –MA in Development Economics programmes in theocratic order (theology and economics) –Theoconomics, is a new economic order known as Theoconomy for Home Grown Solutions Economy. Thus, the MA programme is uniquely, objectively designed to lay academic and industry live competencies in economics with ethics and theology 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 of 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 MA programme will produce transformational economics personnel in development economics with live competences for industry growth in developing economies of developing countries.
Master of Science in Development Economics –MSc
The Two-year Master of Science –MSc (with research) programme in Development Economics in theocratic order (theology and economics) –Theoconomics, is a new economic order known as Theoconomy for Home Grown Solutions Economy. The MSc programme is uniquely, objectively designed to produce academic and industry professionals in economics with ethics and theology 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 of 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 MSc programme will produce theoconomists –transformational economics professionals (development economists) with researches to solve existential fundamental problems in developing economies of development countries.