{"id":1030,"date":"2021-10-04T08:07:37","date_gmt":"2021-10-04T08:07:37","guid":{"rendered":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/?page_id=1030"},"modified":"2025-02-14T06:06:38","modified_gmt":"2025-02-14T06:06:38","slug":"bachelor-of-science-in-banking-and-finance","status":"publish","type":"page","link":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/bachelor-of-science-in-banking-and-finance\/","title":{"rendered":"Bachelor of Science in Economics"},"content":{"rendered":"<h2>Bachelor of Science in Economics<\/h2>\n<p><strong>Introduction<\/strong><\/p>\n<p>The Bachelor of Science degree in Economics was introduced in the 2012\/13 academic year as a response to increased industry, government, non-governmental organizations and international organisations demand for graduates with a strong grounding in Economics. Therefore, it became imperative to introduce specialized degrees in Economics at bachelors, masters and doctoral levels. A number of specialized Economics programmes tailored to meet the interests and needs of students are now available at many other universities worldwide. In order to stay competitive on the changing higher education landscape, it was thought important that the Copperbelt University also adapts to such changes by introducing the programme of Economics. The department offers only one degree programme: Bachelor of Science in Economics with various specialisations in international economics, health economics, financial and monetary economics, environmental economics, agricultural economics and development economics.<\/p>\n<p><strong>Rationale<\/strong><\/p>\n<p>Economic decisions have crucial influence on all aspects of all life in any economy. Whether people have studies economics or not are affected by economic decisions they make consciously and unconsciously. It is for this reason that the discussions of economic issues dominate the media and politics because everyone is affected by economics. The study of economics can help different individuals, groups of people and society at large to make choices that can improve the quality of living. A number of theories are taught in economics which are aimed at solving and assessing economic problems faced by households, firms and governments. The program of economics will equip students who will immensely be useful in the public and private sectors nationally and internationally. These professionals will have a strong understanding of requisite economic aspects of modern society and will be familiar with techniques for the analysis of contemporary economic problems so as to develop an ability to exercise judgment in evaluating public policy and also make quick but precise decisions aimed at solving problems as they arise in the corporate world and the public sector. The programme of Economics has a practical dimension that enables the candidates to become any of the following:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Economists in the public sector<\/li>\n<li>Economists in the private sector<\/li>\n<li>Finance experts<\/li>\n<li>Market analysts<\/li>\n<li>Economic Planners<\/li>\n<li>Statisticians<\/li>\n<li>Policy analysts<\/li>\n<li>Monitoring and Evaluation officers<\/li>\n<li>Policy Monitoring and implementation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Aims of the programme<br \/>\nObjectives of the programme<br \/>\nAims of the programme<\/p>\n<p>The program\u2019s main objective is to train qualified professional economists who will immensely be useful in the public and private sectors nationally and internationally. These professionals will have a strong understanding of requisite economic aspects of modern society and will be familiar with techniques for the analysis of contemporary economic problems so as to develop an ability to exercise judgment in evaluating public policy.<\/p>\n<p>Objectives of the programme<\/p>\n<ul>\n<li>To provide a background for a holistic understanding of microeconomics and macroeconomic concepts that prepare a candidate for the problem solving experience in the business world.<\/li>\n<li>To provide a framework for basic analytical and quantitative skills in understanding and evaluating public policy.<\/li>\n<li>To equip the candidates with practical research skills in all relevant aspects of economics<\/li>\n<\/ul>\n<p><a href=\"\">YEAR 1<\/a><\/p>\n<p>BEC 110:&nbsp; Introduction to Microeconomics<\/p>\n<ul>\n<li>The Study and Methodology of Microeconomics<\/li>\n<li>Consumer Choice Theory<\/li>\n<li>Theory of the Firm<\/li>\n<li>Perfect Competition<\/li>\n<li>Monopoly<\/li>\n<\/ul>\n<p>BEC 130: INTRODUCTION TO MACROECONOMIC THEORY<\/p>\n<ol>\n<li>Study and Methodology of Macroeconomics<\/li>\n<\/ol>\n<ol>\n<li>National Income<\/li>\n<\/ol>\n<ol>\n<li>Unemployment<\/li>\n<\/ol>\n<ol>\n<li>Inflation<\/li>\n<\/ol>\n<ol>\n<li>Government Sector<\/li>\n<\/ol>\n<ol>\n<li>The Monetary Sector<\/li>\n<\/ol>\n<ol>\n<li>External Sector<\/li>\n<\/ol>\n<p>BEC 190:&nbsp;&nbsp;&nbsp;&nbsp; BUSINESS LAW<\/p>\n<p>1.0 Introduction<\/p>\n<p>2.0 Zambian Judicial System<\/p>\n<p>3.0 Contract<\/p>\n<p>4.0 Misrepresentation and Mistake<\/p>\n<p>5.0 Sale of Goods<\/p>\n<p>5.0.1 Doctrine of Agency<\/p>\n<p>6.0 Banker and Customer Relationship<\/p>\n<p>OTHER COURSES<\/p>\n<p>The course outlines for BEC 150 (Principles of Management), BEC140 (Fundamentals of Mathematics) and BEC120 are provided by the Department of Business Administration. They are coded as BS150, BS 120 and BS140 respectively. In addition BS140\/BEC140 is originally from the School of Mathematics and it is provided by the said school. Therefore the HEA document from the Department of Business Administration and the School of Mathematics contain these course outlines<\/p>\n<p><a href=\"\">YEAR 2<\/a><\/p>\n<p>BEC 210: Intermediate Microeconomic Theory<\/p>\n<p>The Methodology and Mathematics of constrained optimisation and its economic interpretation (use Lagrange method here).<\/p>\n<p>Consumer choice theory:<\/p>\n<p>Theory of the Firm<\/p>\n<p>Markets<\/p>\n<p>General Equilibrium Theory<\/p>\n<p>Market Failure<\/p>\n<p>Introduction to game theory<\/p>\n<p>BEC 220 Intermediate Macroeconomic Theory<\/p>\n<p>Review of National Income Accounts (reading assignment)<\/p>\n<p>The Goods Market<\/p>\n<p>Financial Market<\/p>\n<p>Goods and Financial Markets: The IS \u2013 LM Model<\/p>\n<p>The Labour Market<\/p>\n<p>The AS-AD Model<\/p>\n<p>The Phillips curve, the Natural Rate of Unemployment, and Inflation<\/p>\n<p>Long-run Economic Growth<\/p>\n<p>The Role of Expectations in Macroeconomic Policy<\/p>\n<p>BEC 230 History of Economic Thought<\/p>\n<p>Background to the study of history of economic thought<\/p>\n<p>Early Preclassical Economic Thought<\/p>\n<p>Classical Economic Thought<\/p>\n<p>Decline of Classical Economics<\/p>\n<p>Neoclassical Economic Thought<\/p>\n<p>Walras and the General Equilibrium Theory<\/p>\n<p>Modern Economics and Its Critics<\/p>\n<p>The development of econometrics and empirical models in economics<\/p>\n<p>The development of modern heterodox economic thought<\/p>\n<p>BEC 244:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mathematical Economics<\/p>\n<p>1.0 Matrix Algebra<\/p>\n<p>2.0 Series<\/p>\n<p>3.0 Review of Differentiation and Integration<\/p>\n<p>4.0 Constrained Optimization<\/p>\n<p>5.0 Concavity and Convexity<\/p>\n<p>6.0 Ordinary Differential equations<\/p>\n<p>7.0 Ordinary difference equation<\/p>\n<p>8.0 Optimal Control<\/p>\n<p>9.0 Linear Programming<\/p>\n<p>BEC 240:&nbsp;&nbsp;&nbsp;&nbsp; Data Processing and Management Information Systems<\/p>\n<p>Data And Information<\/p>\n<p>Computers And Associated Peripherals<\/p>\n<p>Communications Systems<\/p>\n<p>Computer Appreciation<\/p>\n<p>The Organisations, Controls And Information Technology Department<\/p>\n<p>Introduction To Systems Concepts And Systems Analysis<\/p>\n<p>Introduction To E-Commerce<\/p>\n<p>Professional Issues<\/p>\n<p>Piracy, Fraud and Computer<\/p>\n<p>BEC 242 (Statistics)<\/p>\n<p>The course outline for BEC 242 (Statistics), is provided by the Department of Business Administration. It is coded as BS242 in the department of Business Administration. In addition BS242\/BEC242 is originally from the School of Mathematics and it is provided by the said school. Therefore the Department of Business Administration contains this course outline.<\/p>\n<p><a href=\"\">YEAR 3<\/a><\/p>\n<p>BEC 310 Public Finance<\/p>\n<p>Introduction to Public Finance<\/p>\n<p>Competitive Markets and Welfare Economics<\/p>\n<p>Imperfect Competition<\/p>\n<p>Public Goods<\/p>\n<p>Externalities<\/p>\n<p>Asymmetric Information<\/p>\n<p>Public Choice Theory and Voting<\/p>\n<p>The Theory of Taxation and Tax Policy<\/p>\n<p>Government Budgeting and Cost Benefit Analysis<\/p>\n<p>The Public Expenditure and Public Debt<\/p>\n<p>Income, Inequality and Poverty<\/p>\n<p>Governance and Public Finance<\/p>\n<p>BEC 320 Advanced Microeconomics<\/p>\n<p>1.0 Consumer theory<\/p>\n<p>2.0 Theory of the Firm<\/p>\n<p>3.0 The theory of the market<\/p>\n<p>4.0 The General equilibrium<\/p>\n<p>5.0 Game theory<\/p>\n<p>BEC 340: Econometrics I<\/p>\n<p>Nature, Scope and Methodology of Econometrics<\/p>\n<p>Simple Linear Regression Model<\/p>\n<p>Multiple Regression<\/p>\n<p>Dummy variable regression models<\/p>\n<p>Problems and Solutions of the General Linear Regression Model<\/p>\n<p>Nonlinear regression models<\/p>\n<p>Qualitative response regression models<\/p>\n<p>BEC 350 Monetary and Financial Economics<\/p>\n<p>Money Supply Process<\/p>\n<p>Demand for Money<\/p>\n<p>Inflation<\/p>\n<p>Monetary Policy Management<\/p>\n<p>Introduction and Financial Markets<\/p>\n<p>The Financial System with special Reference to Zambia<\/p>\n<p>International Financial System<\/p>\n<p>Decision making under conditions of Uncertainty<\/p>\n<p>Mean-Variance Analysis And Probability Distributions<\/p>\n<p>Symmetric Information: Markets<\/p>\n<p>Discrete Time Asset Valuation<\/p>\n<p>Asymmetric information: Contracts<\/p>\n<p>BEC 360:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advanced Macroeconomics<\/p>\n<p>1.0 Aggregate Demand<\/p>\n<p>2.0 Labor Market and Aggregate Supply<\/p>\n<p>3.0 Inflation and Unemployment<\/p>\n<p>4.0 External Sector<\/p>\n<p>5.0 Structural Approach<\/p>\n<p>6.0 Growth Theory<\/p>\n<p>2 BEC330 Enterprise and Entrepreneurship&nbsp;<\/p>\n<p>1.0 INTRODUCTION TO ENTERPRISE AND THE CONCEPTS OF ENTREPRENEURSHIP<\/p>\n<p>2.0 BECOMING AN ENTREPRENEUR AND DEVELOPING ENTREPRENEURIAL COMPETENCIES<\/p>\n<p>3.0 PRACTICAL APPLICATIONS<\/p>\n<p>4.0 STARTING A BUSINESS<\/p>\n<p>5.0 ENTERPRISE SUCCESS AND GROWTH<\/p>\n<p><a href=\"\">YEAR 4<\/a><\/p>\n<p>410 \u2013 ECONOMIC DEVELOPMENT<\/p>\n<p>The Nature of Economic Development (Development Economy)<\/p>\n<p>Structures and common characteristics of the Developing countries.<\/p>\n<p>Theories of Development<\/p>\n<p>Contemporary models of development and underdevelopment<\/p>\n<p>Starting Economic development<\/p>\n<p>Possibilities and Prospects<\/p>\n<p>State owned enterprises<\/p>\n<p>BEC 420: International Economics<\/p>\n<p>Introduction to International Economics<\/p>\n<p>International Trade Theory<\/p>\n<p>International Trade Policy<\/p>\n<p>Economic Integration and International Factor Movement<\/p>\n<p>The Foreign Exchange Market<\/p>\n<p>Exchange Rate Determination<\/p>\n<p>The Balance of Payments<\/p>\n<p>Macroeconomic Policy in an Open Economy<\/p>\n<p>International Monetary Systems<\/p>\n<p>International Macroeconomic Policy Coordination<\/p>\n<p>440: Econometrics II<\/p>\n<p>Review of the General Linear Regression Model<\/p>\n<p>Dummy Dependent Variable Techniques<\/p>\n<p>Special Topics in Regression Analysis<\/p>\n<p>Statistical Packages and Research<\/p>\n<p>BEC 470 Environmental economics<\/p>\n<ul>\n<li>Introduction to environmental economics<\/li>\n<li>Environmental Economics as a new branch of Economics<\/li>\n<li>Welfare economics and the environment<\/li>\n<li>Efficiency and Optimality, economic efficiency, the socio welfare function and optimality<\/li>\n<li>Efficiency given ideal conditions.<\/li>\n<li>market failure, public policy and the environment<\/li>\n<li>Necessary conditions for markets to produce efficient allocations, Externalities and Economic Efficiency, The Coase theorem, The second best problem, imperfect information<\/li>\n<li>Public choice theory \u2013 explaining government failure<\/li>\n<li>Environmental pollution: targets<\/li>\n<li>Pollution flows, Pollution stocks and Pollution damage, The efficient level of Pollution<\/li>\n<li>A static model of Efficiency targets, Modified efficiency Targets, Ambient pollution standards, intertemporal analysis of pollution targets, Efficient Level of emissions of stock pollutants, Estimating the costs of abating pollution, Choosing pollution targets on grounds other than economic efficiency<\/li>\n<li>pollution control: instruments<\/li>\n<li>Criteria for choice of pollution control instruments, Cost efficiency and cost-effective pollution abatement instruments, Instruments for achieving pollution abatement targets, Economic incentive (quasi-market) instruments. A comparison of the relative advantages of command and control, emissions tax, emission abatement subsidy and marketable permit instruments<\/li>\n<li>Pollution policy with imperfect information<\/li>\n<li>Difficulties in identifying pollution targets in the context of limited information and uncertainty, the relative merits of pollution control instruments under conditions of uncertainty<\/li>\n<li>Environmental input-output analysis<\/li>\n<li>Costs and prices, environmental input-out analysis, computable general equilibrium models.<\/li>\n<li>Cost-benefit analysis of environmental projects<\/li>\n<li>Cost\u2013benefit analysis and the environment<\/li>\n<li>Valuing the environment<\/li>\n<li>Dimensions of value, The theory of environmental valuation, environmental valuation techniques, the travel cost method, contingent valuation, other techniques<\/li>\n<li>International environmental problems<\/li>\n<li>International environmental cooperation, Factors contributing to enhancing probability of international agreements<\/li>\n<\/ul>\n<p>BS450 Strategy and Strategic Management&nbsp;<\/p>\n<p>THE STRATEGIC MANAGEMENT PROCESS<\/p>\n<p>THE ESSENTIAL ENTREPRENEURIAL TASKS<\/p>\n<p>TECHNIQUES OF INDUSTRY AND COMPETITIVE ANALYSIS<\/p>\n<p>GENERIC BUSINESS STRATEGIES AND INDUSTRY ENVIRONMENT<\/p>\n<p>GENERIC CORPORATE STRATEGIES<\/p>\n<p>BUILDING AND DEFENDING COMPETITIVE ADVANTAGES<\/p>\n<p>TECHNIQUES FOR STRATEGY ANALYSIS AND CHOICE OF STRATEGY<\/p>\n<p>IMPLEMENTNG STRATEGY, ORGANISATION STRUCTURE, DISTINCTIVE COMPETENCE AND RESOURCE ALLOCATION<\/p>\n<p>IMPLEMENTING STRATEGY, COMMITMENT, CULTURE, SUPPORT SYSTEMS AND LEADERSHIP<\/p>\n<p>EVALUATION AND CONTROL OF STRATEGY<\/p>\n<p>BEC 424<\/p>\n<p>The course outline for BEC 424 (Lease and Project Finance), is provided by the Department of Accounting and Finance. It is coded as BF424 by the department of Accounting and Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bachelor of Science in Economics Introduction The Bachelor of Science degree in Economics was introduced in the 2012\/13 academic year as a response to increased industry, government, non-governmental organizations and international organisations demand for graduates with a strong grounding in Economics. Therefore, it became imperative to introduce specialized degrees in Economics at bachelors, masters and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-1030","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/pages\/1030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/comments?post=1030"}],"version-history":[{"count":7,"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/pages\/1030\/revisions"}],"predecessor-version":[{"id":1362,"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/pages\/1030\/revisions\/1362"}],"wp:attachment":[{"href":"https:\/\/www.cbu.ac.zm\/schoolsAndUnits\/schoolofbusiness\/wp-json\/wp\/v2\/media?parent=1030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}