DEPARTMENT OF THEOLOGY AND ECONOMICS –DETEC
POSTGRADUATE PROGRAMMES
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 Two-year Master of Science –MSc (with research) programme in Development Economics 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 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 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. The MSc programme will produce theoconomists –transformational economics professionals (development economists) with researches to solve existential fundamental problems in developing economies of development countries.
COURSES OUTLINE
MASTER OF SCIENCE IN DEVELOPMENT ECONOMICS
Master of Science (MSc) Level 500
COURSE WORK FOR MASTER OF SCIENCE
Year 1
| LIST OF COURSES | ||
| First Semester | Microeconomics I | DECO DETEC1
DECO DETEC1 DECO DETEC1 DECO DETEC1 DECO DETEC1 DECO DETEC1 |
| Macroeconomics I | ||
| Quantitative Methods for Economic Analysis I | ||
| Development Economics I | ||
| Econometrics I | ||
| Seminar (Research Methods) | ||
| Minimum required credits | ||
| LIST OF COURSES | ||
| Second Semester | Microeconomics II | DECO DETEC2
DECO DETEC2 DECO DETEC2 DECO DETEC2 DECO DETEC2 DECO DETEC2 |
| Macroeconomics II | ||
| Quantitative Methods for Economic Analysis II | ||
| Development Economics II | ||
| Theoconomy (Theology and Economics) | ||
| Econometrics II | ||
| Minimum required credits | ||
TOTAL CREDITS
MSc (Two Years Programme)
FIRST YEAR [Course Work]
Total credits: 36
SECOND YEAR [Research]
Total credits: 36
- Research proposal presentation 3 credits
- Presentation of work in progress 3 credits
- Thesis defense by the end of second semester 30 credits