Economic theory is the fundamental determinant of firms’ profitability and growth, and economic thinking should be an essential element in nearly every managerial decision. This course will examine the demand and cost determinants, and show how they apply to managerial decision-making. It will also discuss managerial economics with global perspective.
 

Industrial organization is essentially a branch of applied microeconomics which seeks to understand the causes and effects of various market structures on pricing and product choices. The course focuses on the theory of the firm and the industry in imperfectly competitive markets with an emphasis upon oligopoly theory, but it also addresses empirical applications of the theory. The course explains how firms compete with each other; it models firms’ strategies on imperfect markets and derives the impact of firms’ behavior on welfare and market structures.

This course will analyze trade policy tools in both perfect and imperfect competition. Trade restrictions are common in the world, so micro and macro-economics’ trade tools are used to study the effects of these restrictions on the different countries of the world. Economic integrations (regionalism), world trade organization, and trade strategies for developing countries are among the topics of interest in this course.

This PhD course covers International trade theory and policy: Classical comparative advantage and extensions, H-O theory and extensions. New theories of trade under imperfect competition, factor movements, commercial policies theory of optimum tariff and Gravity trade model.

This course provides a graduate-level introduction to the field of international trade. Topics include gains from trade, Ricardian models of technological differences, Heckscher-Ohlin models of factor endowment differences, trade under imperfect competition and theory of commercial policy under WTO rules.

This course is intended to expose learners to farm management decision making issues and the principles of marketing in agriculture with relevance to African conditions.