DEPARTMENT OF COOPERATIVE ECONOMICS & MANAGEMENT
YEAR ONE – FIRST SEMESTER
|1||GSS 101||Use of English I||1|
|2||GSS 104||History and Philosophy of Science||2|
|3||GSS 107||Nigerian Peoples and Culture||2|
|4||GSS 108||Basic Igbo Studies I||1|
|5||MAT 100||Mathematics for Social Sciences||2|
|FACULTY CORE COURSES|
|6||BUS 101||Introduction to Business I||2|
|7||CEM 101||Principles of Co-operatives I||3|
YEAR ONE – SECOND SEMESTER
|1||GSS 102||Use of English II||1|
|2||GSS 103||Introduction to Logic and Philosophy||2|
|3||GSS109||Basic Igbo Studies II||1|
|5||MAT 111||Actuarial Mathematics||2|
|FACULTY CORE COURSES|
|BUS 102||Introduction to Business II||2|
|6||CEM 102||Principles of Co-operatives II||3|
|7||CSC 100||Introduction to Computer||2|
YEAR TWO – FIRST SEMESTER
|1||LAW 101||Introduction to Nigerian Law I||2|
|FACULTY CORE COURSES|
|2||ACC 101||Principles Accounting I||2|
|3||BNK 201||Elements of Banking||2|
|4||CEM 111||Fundamentals of Economics I||2|
|5||CEM 245||Fundamentals of Management Practices I||2|
|6||CEM 211||Economics of Co-operatives I||2|
YEAR TWO – SECOND SEMESTER
|1||LAW 102||Introduction to Nigerian Law II||2|
|2||ACC 102||Principles Accounting II||2|
|3||CEM 112||Fundamentals of Economics II||2|
|4||CEM 246||Fundamentals of Management Practices II||2|
|5||CEM 212||Economics of Cooperatives||2|
|6||PSY 253||Introduction to Social Psychology||2|
YEAR THREE – FIRST SEMESTER
|1||LAW 202||Business Law II||2|
|2||MKT 201||Elements of Marketing I||2|
|3||ACC 213||Intermediate Financial Accounting I||2|
|4||CEM 241||Business Statistics||2|
|5||CEM 213||Micro Economics for Cooperatives||2|
|CEM 221||Cooperative Legislation||3|
YEAR THREE – SECOND SEMESTER
|1||LAW 202||Business Law II||2|
|2||MKT 202||Elements of Marketing II||2|
|3||ACC 214||Intermediate Financial Accounting II||2|
|4||CEM 242||Introductory Econometrics||2|
|5||CEM 214||Macro Economics for Cooperatives||2|
|6||CEM 344||Dynamics of Group Behaviour||2|
YEAR FOUR – FIRST SEMESTER
|1||FIN 201||Business Finance I||2|
|2||PUB 311||Elements of Government||2|
|3||CEM 315||Economic Development and Planning 1||2|
|4||CEM 301||Agric and Small Business Management||2|
|5||CEM 335||Cost and Management Accounting||2|
YEAR FOUR – SECOND SEMESTER
|1||FIN 202||Business Finance II||2|
|2||CEM 248||Cooperative Credit Administration||2|
|3||CEM 302||Quantitative Analysis for Cooperative Management||2|
|4||CEM 339||Cooperative Auditing and Cash Management||2|
|5||CEM 316||Economic Development & Planning II||2|
|6||CEM 352||Producers Co-operatives||3|
YEAR FIVE – FIRST SEMESTER
|1||CEM 347||Gender and Social Works||2|
|2||CEM 361||Rural Finance||2|
|3||CEM 341||Cooperative Field Administration||3|
|4||CEM 343||Cooperative Leadership and Personnel Administration||3|
|5||CEM 449||Organization and Management of Cooperatives||3|
YEAR FIVE – SECOND SEMESTER
|2||CEM 342||Entrepreneurial Development||2|
|3||CEM 382||Research Methodology||2|
|4||CEM 362||Community& Rural Development||2|
|5||CEM 464||Sociology of Cooperatives||2|
|6||CEM 432||Investment Analysis||3|
|7||CEM 436||Cooperative Accounting and Budgeting||3|
YEAR SIX – FIRST SEMESTER
|1||CEM 483||Cooperative Communication and Information System||3|
|2||CEM 443||Cooperative Insurance Management||3|
|3||CEM 481||Cooperative Education and Extension||3|
|4||CEM 447||Project Planning & Management||3|
YEAR SIX – SECOND SEMESTER
|1||CEM 472||International & Comparative Cooperation||3|
|2||CEM 442||Cooperative Marketing and Supply||3|
CEM 101: PRINCIPLES OF Co-operatives I (3 credits)
The concept of SHOs and NGOs. The distinctions between indigenous co-operatives and imported modern co-operatives. The nature and definitions of co-operative. Nature and characteristics of the various economic systems: capitalism, socialism/communism, mixed system, etc. Distinguishing co-operatives from other business organizations.The nature, characteristics & essence of cooperatives. Comparison of cooperative objectives to those of Investor owned firms (IOFs), to wit, sole proprietorship, partnership, limited company. The dual nature of the cooperative and double/dual identity of the members. Motives leading individuals to forming or joining co-operative – economic, social/emotional political. Factors which influence the establishment of co-operative in any given area-economics, social and geographical. Classifications and levels of co-operatives. The early history of co-operation in Nigeria. A survey of the structure of the co-operative movement in Nigeria. The Nigerian cooperative policy. An overview of the problems of the co-operative movement in Nigeria.
CEM 102: Principles of Co-operatives ii (3 Credits)
The industrial Revolution in Britain: its effects and consequences. Early Co-operative Leaders and founders-Robert Owen and Dr. William king, etc. Early Socialist thoughts and their effects on Owen and others. The pre-Rochdale Co-operatives and their failure. The Rochdale pioneers and the Rochdale Society of Equitable Pioneers. The business practices of the Rochdale Pioneers and the Rochdale Principles. First ICA Review of the Rochdale principle. The second ICA Review of the Rochdale principles (1966), The 1995 ICA statement on Cooperative identity, values and Principles. Relationships between ILO and ICA. Raiffeisen & Schultze Delitzsch Principles. The Application of the Rochdale Principles to different types of Co-operatives and in different socio-economic and political circumstances.
CEM 111 FUNDAMENTALS OF ECONOMICS I (2 CREDITS)
The Basic Problem of scarcity and Choice: the Methodology of Economic Science; the General Principles of Resource Allocation; the Concepts of Optimality and Equity; Equilibrium and Disequilibrium; Micro-economics versus Macroeconomics: Demand, Supply and Price: Types of Resources Allocation Decision; Methods of Resource Allocation in an Economy: Theory of the Firm; Introduction to Welfare Economics.
CEM 112 FUNDAMENTALS OF ECONOMICS II (2 CREDITS)
Introduction to Macroeconomics: National Income Determination; the Public Sector in the National Economy; Macroeconomic Policy Objectives and Instruments; fiscal planning international trade; Introduction to Money and Banking, Introduction to Economic Growth and Development. Introduction to sustainable development; Trade Politics with Particular reference to Nigeria such as indigenization policies.
CEM 211: Economics of Co-operativeS (2 creditS).
Non-member business in cooperatives – its effects and implications. Financing of the co-operative business enterprise – internal & external financing, advantages, limitations and problems. The concept of the co-operative effect. Types of effects-economics (micro and macro), social etc. relationship between members and the co-operative internal sub-groups in the co-operative; their roles and attitudes to the co-operative enterprises, economic effects of these attitudes on the co-operative enterprise; the co-operative nexus, spirit etc.
Basics of cooperative pricing and formation – the basic model of cooperative, competition and cooperatives, cost & benefits of cooperative formation. Pricing in marketing and consumer cooperatives – cost & market power, barriers to market entry, optimal cooperative price. Pricing in cooperative and IOF compared. Surpluses in the co-operative – appropriation of surpluses from member & non-member business. Performance evaluation in cooperative – efficiency in cooperative, use of ratio analysis, breakeven-analysis, input-output analysis.
CEM 212: Economics OF Co-OPERATIVES II (2 credits)
The course focus on the application of economic principles and methodologies to key management decisions: Definition and importance of managerial economics, economic tools for making managerial decisions, economist versus accounting profit, understanding markets, consumer surplus and business cycles. Production management; Product curves, isoquants and isocosts; return to scale, economies of scale and long-run; marginal analysis. Price, income and other elasticities, pricing strategies and game theory; land economics; auction and the role of government in the market place.
CEM 245 FUNDAMENTALS OF MANAGEMENT PRACTICES1 (2 CREDITS)
Basic Concepts in Management: Evolution of management practices; Management Principles, Functions of the Manager. Planning: Nature and Purpose; the organizing function, Department, Line and Staff Authority, Staffing and Directing: Selection of Employees and Managers, Appraisal of Managers, Management Development, Nature of Directing, Motivation Leadership Controlling: the Control Process, Control technique, recent developments in the control Function; communication for managers; The Nigerian environment: management problems in Nigeria, Challenges of Indigenization, transferability of Management system.
CEM 241: BUSINESS STATISTICS (2 CREDITS)
Nature of Statistics, Statistical Inquiries, Forms and Design. The Role of Statistics, Basic Concepts in Statistics, Discrete and Continuous Variable, Functional Relationships, Sources of Data, Methods of Collecting Primary Data, Presentation of Statistical Data, Measures of Central Tendency, Measures of Dispersion, Moments, Skewness and Kurtosis, Elementary Probability Distribution, Normal Binomial, Poission and Hypergeometric. Elementary Sampling Theory, Estimation, Theory, Student’s Distribution, Statistical Decision Theory, Tests of Hypotheses for Small and Large Samples, Chi-square Distribution and Test of Goodness of Fit.
CEM 242: INTRODUCTORY ECONOMETRICS (2 CREDITS)
Nature of econometrics and econometric data. Building statistical models. Types of regression equations. Index number. Correlation analysis. analysis of Simple and multiple regression models. Regression analysis with qualitative data. Time series analysis. Assumptions of OLS techniques. Regression analysis with time series and panel data. Problem specification and working with longitudinal data. Carrying out empirical research.
CEM 246 FUNDAMENTALS OF MANAGEMENT PRACTICES II (2 CREDITS)
The features of theory in management. Links between management theories and management models. Existing difficulties of developing useful management theories in Nigeria and other developing countries. Theories of management, e.g. the scientific management movement, the human relations movement, the systems movement, and the managerial behavioural movement, Theory X and Theory Y. The Grid approach, Participative models. Management by objectives, Quantitative and behavioural control models, contemporary theories of management; Strategic management; SWOPT analysis, peculiarities of managing non-profit organizations; Testing specific theories and models in Nigeria. Comparing organizational behavior of cooperative with that of IOFs; Criteria for locating bad management practices, and ideas of how better management theories may be introduced to particular Nigerian organizations.
CEM 213: MICRO ECONOMICS FOR COOPERATIVES (2 CREDITS).
Application of micro economic theory analysis to cooperative principles and practices and covering the following: utility function and utility maximization, demand function, revealed preference theory, problems of choice, risk conditions, production function and optimization behavior, homogeneous production function, cost function, revenue function and profit maximization, price determination under perfect competition. monopolistic competition, oligopoly, pure monopoly, and monopsony. Also general equilibrium, welfare economics, optimization over time, mathematical model analysis in microeconomics, etc.
CEM 214: MACRO ECONOMICS FOR COOPERATIVES (2 CREDITS).
A study of macro economic policies and their effects on the cooperative sector and the cooperative movement.: National income account. Determination of national income and product. Analysis of the relationship between level of output, money, and interest rate. Comparison between Classical model and Keynesian model. Business cycle theories. Growth theories. Inflation theories. Monetary and fiscal policies. International trade and finance. Unemployment, inflation, economic growth and development. Economic development versus economic growth; HDI computation and relevance; characteristics of modern growth; growth accounting; FDI and economic development; technology transfer and challenges; Comparative economic systems. An analysis of the various government macro economic policies in Nigeria and their effect on the cooperative movement.
CEM 216: COOPERATIVE CREDIT ADMINISTRATION(2 CREDITS)
Meaning and nature of thrift, loans and credit. Uses/types of credit in cooperatives and agriculture.Types of clients and services; Planning and supervising of the provision of credit, comparison of credit administration procedures in cooperatives and other businesses; functions of loan officer; due diligence in loan administration; Microcredit methodologies: The CAMEL method, group and individual schemes; analysis of financial statements of credit institutions; measuring delinquencies and formulae; Key financial factors for microfinance operations; Interest rate practices of different lenders; measuring financial viability of credit institutions and formulae; Prudential and non-prudential regulations; Assessing credit risks of special borrowers(women, first time borrowers). Client monitoring and evaluation. Portfolio management. Causes of credit default. Problems of default and bad debt. Gendering credit administration; Relationship between the donor and credit institutions; Comparative aspects of cooperatives in relation to other credit institutions. Practical problems in providing credit.
CEM 221: Co-operative Legislation (3 credits)
The functions and nature of co-operative legislation. The history of co-operative legislation in Nigeria; the Registrar of co-operative societies and his functions-statutory and non statutory functions. Promotion of co-operative organisations, registration of co-operative societies, provision of model bye-law, control of investments, auditing, inspection, examination, inquiry, liquidation, arbitration etc. A comparative study of cooperative laws in different parts of the world Co-operative Societies Rules – the main features compared to the law. The agents and organs of cooperative societies. Detailed treatment of general meetings, management committee and board of directors, council of inspection, officers of cooperative societies, the special role of the secretary, Membership in cooperative; the rights of members and duties of member. The link between cooperative principles and cooperative law. Limitations of the present cooperative laws Nigeria.
CEM 301: AGRIC AND SMALL BUSINESS MANAGEMENT (2 CREDITS)
This is a wide ranging course that defines this subject as the sum total of all activities involved in the production, processing and distribution of agricultural and non agric products for the consumer. The “sum total” includes the strategic decisions made, seamlessly, between the production outfit and the fork with specific emphasis on economics, marketing, risk management, public policy, global trade and a significant segment on the public understanding of modern agricultural and SME practices. It shall also include the Scope and nature of Small Business Management. Business goals; characteristics of small business enterprises; need for small business enterprise. Basic concepts of management and management Principles- Planning, organizing, staffing direct, controlling, research and budgeting, and their application to co-operative and small Businesses.
CEM 302: QUANTITATIVE ANALYSIS FOR COOP. MANAGEMENT (2 CREDITS)
Application of statistical methods in cooperative researches and management. Describing and visualizing data. Monitoring business processes, normal distribution, hypotheses testing and confidence interval for business decisions. Probability theory. Decision-making theory. Time series analysis. Decision tree. Application of chi-square, correlation and regression analysis. Uses of computer for cooperative problems analyses.
Application of mathematics for the analysis and solving of cooperative business management problems. Break even analysis and inventory management. Uses of linear programming in cooperative business management. Theory of games. Critical path method and net work analysis.
CEM 413: Agricultural Economics for coop. (2 credits)
The scope of Agricultural Economics, Agricultural co-operation as an integral part of the economy. Production and supply: Producer decisions. Framework for decision-making. The production function. The Law of diminishing returns. Input, output analysis, marginal analysis, cost analysis in agricultural production. Farm management. Consumption and demand: effect on income. Export trade. Agricultural marketing. Economic progress and agriculture. Role of technology and agro-based industries. Adoption of innovation and role of extension. Planning and projections. Macro-economic considerations – population, inflation and food prices. Land tenure system in Nigeria. The land use decree/acts. Place of agriculture in national budgets. Agricultural co-operation and extension. A study of some past and present food production strategies, e.g. O.F.N, the Green Revolution, Farm settlements, (DIFFRI), NEEDS, NAPEP, NALDA, etc.
CEM 382: RESEARCH METHODS (2 CREDITS)
Skills of Scientific Investigation, information Gathering, Analysis and interpretation in dealing with business and organizational behaviour problems in Nigeria; the art of problem identification and analysis, data gathering, analysis; Research designs and applications. Research ethics, Use of computer in research, Selecting statistical tools, Referencing styles and practices, Report writing styles. Problems and prospects of business research in a seller’s market like Nigeria.
CEM 335: COST AND MANAGEMENT ACCOUNTING FOR COOPERATIVES (2 CREDITS)
Nature, Scope and Functions of Cost and Management Accounting. Areas in which cost accounting can assist cooperative management. The Principles underlying the preparation and presentation of Cost Accounts for various types of business. The Different Meanings of ‘Cost’: Viz: Historical Costs, Standard Cost, Marginal Cost, Average Cost etc. Cost Unit and Cost Centres. The Elements of Cost and Classification of Costs. Cost Accounting for Material, labour, Over-heads and Equipment. Cost absorption and apportionment. Inventory management. Job and Process of Cost Accounting, Elements of Marginal Costing, Standard Costing and Budgetary Control. Double Entry Accounts for Cost Control. Nature and Uses of Accounting Ratio. Elementary Break-even Analysis, Current Problems and Issues. Working capital management, cash flow analysis and interpretation of final accounts.
CEM 315 ECONOMIC DEVELOPMENT AND PLANNING 1 (2 CREDITS)
Introduction to economic development concepts: Economic growth vs economic development. Measures of economic development. Computation of HDI, vicious circle of poverty, characteristics of developed and underdeveloped countries, obstacles to economic development, capital formation and roles in economic development, Economic and non economic factors of economic growth. Classical and neo-classical theories, Nurske’s theory, Lewis theory, Rostows theory, Keynesian theory and Marx stages of growth. Harold-Dommer model, and Kaldor’s model.
CEM 316: ECONOMIC DEVELOPMENT AND PLANNING II (2 CREDITS)
The meaning of economic planning. Economic Planning and the Market Mechanism; Types of plans and uses. Advantages & Disadvantages of Economic Planning; Balanced vs Unbalanced Growth; Domestic Sources of Funds, e.g., Taxation, Inflation; Foreign Sources of Funds, population growth and economic development,. Strengths and weaknesses of domestic and international development measures. Controls under planning. Problems of development planning in Nigeria, Roles of statistics in planning. Transfer of technology, Development plans in Nigeria – merits and demerits.
CEM 341: CO-OP. FIELD ADMINISTRATION AND EXTENSION (3 CREDITS)
- Duties performed by various cadres of staff of the Co-operative Department of the relevant Ministry, both in the office and in the field: Promotional duties; Co-operative education duties- education and training of Co-operative, Committee members, Advisory duties; Statutory and legal duties: Registration of Co-operative societies; Audit duties; Inspection duties; Inquires duties, Liquidation Arbitration. Meetings and conduct of meetings: Itineraries – their nature, importance and how to prepare them. Problems facing Co-operative Officer in the performance of his duties. 2. Introduction to cooperative extension service–definition, importance, objective, legal base, scope and functions of extension service; Models of communication – Aristotle, Harold Lasswell, Shannon, etc.; Channels of communication in rural development especially for grass root mobilization–prints and electronic media; meetings, audio-visual; exhibits, etc. Measurement of effectiveness of communication channels; Problems of cooperative extension service; importance of planning in extension services. Diffusion and adoption process.
CEM 343: CoopERATIVE Leadership &PERSONNEL ADMINISTRATION (3 credits)
Theoretical foundation and the dynamics of leadership. Role of leadership in programmes of change and development.Leadership versus administration. Women and youth in leadership. Identification, selection, training and use of local leaders in extension and rural development programmes.
Basics of setting up and administering the personnel functions of cooperative organizations. Emphasis is placed on human resource planning, classification and job analysis, equal opportunity employment, affirmative action, recruitment, retention, development, reward system, and performance evaluation. Comparison of cooperative human resource management with other organizations.
CEM 342 ENTREPRENURSHIP DEVELOPMENT (2 CREDITS)
The Global Entrepreneurial revolution, the nature of entrepreneurial functions and small business; characteristics and types of entrepreneurs; pathways to entrepreneurship and requirements for success; new venture creation models; feasibility studies; Creativity and opportunities analysis; business risk analysis; business planning, execution and control. Funding options and challenges.Youth and women empowerment through entrepreneurship. Possible business opportunities in Nigeria
CEM 347 GENDER AND SOCIAL WORKS (2 CREDITS)
Overview of how gender shape our lives; beliefs and practices through which gender identity are created, reinforced and transformed; gender and media; gender and development; gender-based violence’; feminist thinkers and international gender institutions; gendering development theories and practices.
Overview and historical development of social works; ethics and practices of social works; social services delivery methods; social justice systems; social welfare programmes in rural and urban environment; Social worker responsibilities; Social work models: psycho-social; cognitive behavior; crises intervention and problem solving; relevance of civil societies; management structure of NGOs; civil engagements and advocacy functions.
CEM 344: DYNAMICS OF GROUP BEHAVIOUR (2 CREDITS)
The nature of group dynamics and its significance to life contexts; group formation and development; the process of team building; structural and functional variables in groups and their impact on group effectiveness; building a team culture; the impact of an individual values orientation, paradigms and behaviour on group function; strategies for implementing change in groups; understanding individual behaviour from the perspective choice and responsibility, working with emotional intelligence; contributing to team growth and leadership: key personal habits and goal setting. Influencing others – working collaboratively, managing change; Nature of conflict and conflict management techniques; Models and tools for systematic observation and analysis of group functioning. Analysis of group characteristics relevant to cooperatives.
CEM 361: Rural FinancE (2 credits)
Role of Financial Services in Rural Household Economy; Overview of Rural Financial Agencies in Nigeria – indigenous savings and credit associations, daily savings club, local money lenders; Primary, secondary and tertiary CTCS.; New Paradigm in Rural Finance; Delivery Models of Rural Financial Services; the role of Micro Finance Banks and Commercial Banks; Evaluating the Self-Help Groups for Credit Linkage; Financial Sustainability of SHGs; Need for Insurance services for Rural Clients; Rural-Finance Products Development. The nature of financial inclusion and strategies; rural financial literacy and contents; Digital financial services and rural dwellers; comparison and relevance of Raiffeisen and Delitzch credit principles; Government credit programmes and policies for rural dwellers.
CEM 354: ProducER Cooperatives (3 credits)
Types of producer cooperatives: – agricultural production cooperatives (Livestock, fishing, forestry co-operatives, cooperative farming societies). workers production cooperatives i.e. cooperatives in the informal sector (Industrial, Processing, Artisans, Crafts and Labour cooperatives. Supply and Service cooperatives). Characteristics and Management of production cooperatives. Production cooperatives in France, Britain, Spain, Israel, etc.
Co-operative operation in the supply of professional inputs such as credit, machinery, tools, warehousing or storage, irrigation, accounting, technical guidance, transport, insurance and banking. Degree of co-operative intensity in – auxiliary (service), production promotion and strictly co-operatives with joint ownership of assets. Types of co-operative farms: the divided and the undivided farm. Farm settlements – formation, organisational and operational structures. industrial co-operatives in Nigeria. Problems and prospect producer co-operatives in Nigeria.
CEM 361: Principles of Rural Development (2 credits)
Review and analysis of the distinctive characteristics of rural areas; the concept of rural development; objectives and scope of rural development; Agents of rural development; planning, implementation, appraisal and evaluation of rural development projects,. Models of growth: their implications for rural development. Strategies of stimulating rural development – Agricultural, Industrialisation, Infrastructural, Problems of rural development. Role of leadership in change and rural development; Identification, selection, training and use of local leaders in rural development programmes; Women and youth programmes and their relevance to rural development; Institutional framework for women and youth programmes in Nigeria; rural social systems and effects on development; Community development, Cooperatives and integrated approaches, Rural development Agencies and programmes in Nigeria: NAFPP, OFN, GR. DFRRI, ADP, NALDA, NAPEP, NEEDS, NEPAD. Extension methods for Rural development.
CEM 483: COOP.COMMUNICATION AND INFORMATION SYSTEM (3 CREDITS)
1.Rudiments of Communication: Communication Defined, Elements of Communication, Principles of Communication; Oral, Written and Non verbal Communication: Language Defined, Non-verbal communication, Listening, Oral and written Communication; Functions and settings of Communication: Functions of Communication, Communication setting; Communication Theories and Models: Linear Model, Interactional Model, Transactional Model etc. Writing and Communication Methods:, stages of Writing, other Aspects of the Writing Process, Corporate and Public Communications, Commercial Communication Method and Letter Writing. Process of Meetings, Conferences, Seminars, Symposium and Debates: Meeting Defined, Conduct, Procedures, Aims and Benefits/Disadvantages of Meetings. Written Rules Affecting Meetings, Conference, Seminar, Symposium and Debates. Reports and Handover notes: Types of Reports, Components of Reports and Handover Notes. Organization communication: The concept of organizational communication, Factors Affecting Effectiveness of Organizational Communication. Types of organizational Communication. Public Relations and Marketing Communication.
2.Fundamentals of Data Processing –brief history and conventional data processing methods; Manual methods and mechanized methods. Classification of systems and their relative merits. Closed loop and open loop systems: effect on time-lag; the total system approach and objectives; total systems and subsystems. Data processing and Management Information Systems (MIS). The organization of MIS including the use of mechanical and electronic accounting machines, flow charting and the principles of systems design and documentation. Managerial uses of information output as a basis for developing criteriaand systems. Information needs of management and design of MIS. Electronic, Data Processing (EDP) methods; batch processing, real-time processing and the management of EDP.
CEM 438 INVESTMENT ANALYSIS (3 CREDITS)
The nature, scope and purpose of investments in cooperatives; terminologies and different forms of financial assets; Sources and costs of short, medium – and long-term finance; sources and problems of financing cooperative projects, capital budgeting; management of working capital. Analysis and interpretation of basic financial statements for cooperatives; Depreciation of assets in cooperatives; Various techniques for analyzing viability of investments: IRR, Payback period, NPV, etc; sinking fund and amortization in cooperatives; asset diversification and implications; CAPM and efficient market hypotheses; derivatives and factoring in cooperatives; delegated asset management and moral hazards; issues in cooperative mergers and liquidation; determinants and implications of rebate policy, Risks of Finance and methods of avoiding them
CEM 481: CoopERATIVE Education AND EXTENSION (3 credits)
Meaning and importance of cooperative education and extension; Principles and methods of cooperative education and training for cooperative members, directors officers, employees, interest groups and general public; Techniques of organizing and conducting meeting and seminars; . Adult versus young learner; Agents of cooperative education; Cooperative institutes and programmes within and outside Nigeria. Teaching tools and audio-visual aids-radio; TV; Video, films, OHP etc- their uses and limitations; ICT and cooperative education; Evaluation of learning tools and techniques; Current issues in cooperative education and solutions
Provision of guidance on production and marketing for improving living of standard of cooperative members; Principles of extension and role of extension works; Relevance of extension, adoption behavior and innovation, Selection and training of extension workers.
CEM 442: COOPERATIVE MARKETING AND SUPPLY (3 CREDITS).
Meaning and terminologies; supply chain processes and integration; levels and stages of supply chain; inventory management; the procurement systems; demand planning; customer relationship management. Special emphasis shall be placed on Nature and types of service cooperatives – housing and building services, thrift and credit, transport, printing and press services, marketing service cooperative, processing, etc. Analysis of business operations of service cooperatives. Structure & organization of service cooperatives. Service provision by cooperatives.
Nature and Importance of cooperative marketing; Various areas of co-operative marketing with special reference to marketing of members produce. Marketing of agricultural goods and the various channels. Methods of members produce assembling, processing and marketing. Grading, storing, packing, shipping, pricing, transportation, etc, Calculating member’s bonus; techniques of market promotion. Practical problems of produce assembling and marketing of agricultural cooperatives in Nigeria.
CEM 443: COOPERATIVE INSURANCE MANAGEMENT (3 CREDITS)
Meaning and importance of cooperative insurance. Insurance principles and concepts – insurable interest and uninsurable interest., utmost good faith, indemnity, and Insurance organizations – actuary, broker, loss adjuster, assessor. Main insurance documents – proposal, claim form, policy. Types of insurance – personal, property, motor, life. Special case of agricultural insurance – nature and importance of agricultural insurance. Time element analysis, risk analysis and reduction of risk by insurance. Current issues in micro-insurance.
Organisational structure of insurance cooperatives – centralized and integrated systems. Types of risks covered. Functions of insurance cooperatives – insurance counseling, assessment of insurable interest, underwriting of policy, inspection of insured property, collection of premiums, processing of claims. Methods used in calculation of claims. Problems and prospects of insurance cooperatives in Nigeria.
CEM 339: COOPERATIVE AUDITING AND CASH MANAGEMENT (3 CREDITS)
The course will cover the auditing practices and procedures with particular reference to cooperative businesses. Nature of audit, concepts, Types of Auditing; the qualities of an auditor; auditing procedures, powers of auditors. types of errors and their correction; auditors books and records. Managing audit team. audit ethics; The audit report and Registrar’s (Director’s) comments. Comparison between audit in IOFs and in Cooperatives. Internal control systems. Instituting internal control measures. Cash control, bank reconciliation practices, uses of cash book. Roles of treasurer and banks. Custody of funds in cooperatives
CEM 436: Co-operative Accounting and BUDGETING (3 credits)
The cooperative accounting system and users of cooperative accounting information. Accounting for non trading organizations; Receipt and payment accounts. Calculation of depreciation. Accounting provisions. income and expenditure accounting, Accounting for surplus and dividends. Financial reporting and internal controls in cooperatives: the balance sheet, and the income statement, statement of cash flows; The budgeting process and types of budget; Need for budgeting. Budget calls and distribution of budget powers. Co-operative auditing as a control mechanism.
CEM 447: PROJECT PLANNING & MANAGEMENT (3 CREDITS)
The main emphasis of the course is on managing the financial and economic efficiency of cooperative agricultural and non-agricultural development projects. Methods of appraisal are informed by economic theories and, in particular, those of applied welfare economics. The stress areas are as follows:
Nature of project management; Project life cycle; Project management processes; Project budgeting and risk factors; managing project stakeholders; Project communication management; Making Investment decisions and; project identification and preparation. Methods of financial and economic analysis – concepts of cost-benefit analysis and investment appraisal; financial analysis of projects; economic analysis; treatment of risk and uncertainty. Monitoring and Evaluation – project management, monitoring and evaluation. Problems of planning in cooperatives in developing countries.
CEM 449: ORGANISATION AND MANAGEMENT OF COOPERATIVES (3 CREDITS)
Different ways of forming cooperatives. An evaluation of the fundamental principles, objectives, structure, finance, marketing and management associated with the cooperative organizations. The federated system in cooperative: primary cooperative, secondary cooperative and tertiary cooperative. The three-tier system of cooperative governance: general meeting, management committee and hired management. Co-operative Business from social. Legal and economic perspectives. Steps in setting up Co-operative business. Motivation, leadership, authority and supervision in co-operative organisation. Roles of promoters. Relationship with cooperative department in government. Effective meeting procedures. Training and development for principal officers. Minueting and development of effective bye-laws. Clerking and custody of facilities in cooperative; Functions of management committee; personnel management in co-operatives. Preparation of annual management reports; office protocols in cooperatives; Building goodwill and the community service; the imprest system and accountability; Problems of co-operative management.
An analysis of the cooperative business organization within the modern economy and development through history, legislation, governance, and new cooperative development will be emphasized.
CEM 464: SOCIOLOGY OF COOPERATIVES (2 CREDITS)
Sociological theories; analysis of social structures; rural social systems; theories of social change; Social conflicts; dynamics of power in rural areas; personal and cultural identity and cooperative management; The role of cooperatives in the planning, implementation and appraisal of community development projects -agriculture, small-scale industries, health, market development, infrastructures, mass literacy drive. Methods of motivating society for social actions through the community development organizers. The different approaches to community modernization. Detail study of past and present community development programmes- Case studies of communities. Reference will also be made to the various state Government Blueprints on community initiatives and Public-private partnership.
CEM 472: International & Comparative CoOPERATIVE (3 credits)
The international nature of Co-operatives (from their early stages). A study of international cooperative organizations such as International cooperative Alliances ICA, Committee for the Promotion and Advancement of cooperatives (COPAC) World Council of Credit Unions (WOCCU), African Confederation of Cooperative Savings and Credit Associations (ACOSCA), etc as regards their formation, organizational structures and roles in the promotion and advancement of cooperative movement. The United Nations and cooperative development: an analysis of the various Reports of the UN Secretary–General on Cooperatives, United Nations Resolutions on Cooperatives, Reports of the United Nations on Cooperatives, etc. Studies of the activities of the International Labour Organization (ILO), Food and Agricultural Organization (FAO), etc in support of cooperative activities and development. Co-operatives in selected countries e.g. Britain, Germany, Spain, Sweden, United States of America, Ghana. Kenya, Tanzania, India, Japan, Latin America.
CEM 499: PROJECT (6 CREDITS)
Each final year student is expected to carry out a research project work in any area of cooperative economics and management, under the supervision of a lecturer from the Department. At the completion of the project work, the student is expected to present and defend it in a seminar organized for the purpose.
CEM 346 SIWES (1 CREDIT)
Students are expected to go for 3 months students industrial training during the long vacation on his/her third year to a functional cooperative in any area of his/her choice. Students are expected to defend their SIWES report at appropriate departmental board sitting.