The Chartered Economists Program (Ch.E.) offers an ambitious curriculum that puts students in the middle of Governmental Programs; Financial Institution, Petroleum Organization, Management positions of corporate bodies and non-governmental organizations.

Objective

The Ch.E. provides students with opportunities to develop the analytical, practical and interpersonal skills crucial to sound managerial decision-making in an increasingly complex economics and financial environment.

The Ch.E. is an advance professional program designed to prepare student for a challenging career.

Our commitment is to prepare Ch.E. students for high-level careers in an increasingly global economics and financial environment. This program is offered to qualified students who seek to serve in a leadership role in economics. Emphasis is placed on the integration of organizational activities and how the various departments and functions need to work in a concerted effort to optimize organizational output. The courses in this program concentrate on the presentation of techniques that provide skills in analysis, decision-making and effectiveness assessment.

Fundamental Level

The fundamental level is a non-technical course in Economics and Accounting as well as exposes students to Quantitative Economics. Study must focus on understanding basic Economics principles and mathematical exposition. Emphasis should not be placed on mathematical calculations but understanding of the application of mathematical exposition to economics. However, little exposure to economics (Macroeconomics and Microeconomics) is assumed. Therefore, keep Mathematics to the minimum level.Examination Composition: All papers in the fundamental level contains 30 multiple choice questions, 2 marks for each question and two (2) essay questions, 20 marks each to be answered within 2 hours.

Associate Part I, II & III

The pre-requisite is first degree or its equivalent. However, previous exposure to Microeconomics and Macroeconomics is assumed. Econometrics Mathematics must be well exposed to candidates.

Part II & III are intermediate, highly technical courses in Economics.

Emphasis must be laid on analysis of contemporary Economic issues with economic tools learnt. This is to enhance student's knowledge and skills in Economic issues.

Students are advice to study into detail the course modules provided by the Board of Standards. Charter will be issued to students who are able to demonstrate adequate knowledge in their field of selected specialization.

Candidate must cover the detailed course module provided by the board of standards.

Examination Description (Part I, II & III)

The current Part I & II format requires answers to five essay questions (designed to take 2hrs 30mins). The paper is 2hrs 30mins, given 5mins of reading time.

The Part III examination format also requires answers to five essay questions within 2hrs 30mins, given 5mins of reading time.

Most questions (All Parts) tend to require diagrammatical analysis to assess a policy proposal or illustrate a principle, rather than rigorous mathematics to solve formal models. They tend to be structured in the form of mini essays but require focus on a specific issue or example.

Ch.E. SYLLABUS STRUCTURE

Fundamental LevelACCE G1 Fundamental of Economics ACCE G2 Quantitative Economics ACCE G3 Fundamentals of Accounting

PROFESSIONAL EXAMINATIONS (PART I, II & III)

Associate Part I ACCE G4 Economics of Banking ACCE G5 Investment I ACCE G6 Risk Management I ACCE G7 Statistics ACCE G8 Microeconomics I

Associate Part II (ACCE II)ACCE G9 Macroeconomics I ACCE G10 Company Law ACCE G11 Econometrics I ACCE G12 International Economics

Specialization ACCE Part IIACCE G13 Industrial Economics I ACCE G14 Managerial Economics I ACCE G15 Energy Economics I ACCE G16 Health Economics I ACCE G17 Economic Policy Analysis I ACCE G18 Financial Economics I ACCE G30 Petroleum Economics I

Associate Part III (ACCE III)ACCE G19 Econometrics II ACCE G20 Investment II ACCE G21 Risk Management II ACCE G22 Microeconomics II

ACCE G 23 Macroeconomics II

Specialization ACCE IIIACCE G24 Industrial Economics II (Ch.IE) ACCE G25 Managerial Economics II (Ch.ME) ACCE G26 Energy Economics II (Ch.EE) ACCE G27 Health Economics II (Ch.HE) ACCE G28 Economics Policy Analysis II (CEPA) ACCE G29 Financial Economics II (Ch.FE)

ACCE G31 Petroleum Economics II (Ch.PE)

ACCE G1 FUNDAMENTALS OF ECONOMICS

ACCE G2 QUANTITATIVE ECONOMICS

The Art and Science of Economic AnalysisDemand, Supply, and MarketsElasticity of Demand and SupplyProduction and Cost in the FirmPerfect CompetitionMonopolyMonopolistic Competition and OligopolyResource MarketsLabor Markets and Labor UnionsCapital, Interest, Entrepreneurs and Corporate FinanceTransaction Costs, Imperfect Information, and BehaviouralEconomicsEconomic Tools and Economic SystemsEconomic Decision MakersConsumer Choice and DemandEconomic Regulation and Antitrust PolicyPublic Goods and Public ChoiceExternalities and EnvironmentIncome Distribution and Poverty

The Nature of Mathematical EconomicsEconomic ModelsEquilibrium Analysis in EconomicsLinear Models and Matrix AlgebraComparative Statics and the Concept of DerivativeRules of Differentiation and Their Use in Comparative StaticsComparative-Static Analysis of General-Function ModelsOptimization: A Special Variety of Equilibrium AnalysisExponential and Logarithm FunctionsThe Case of More Than One Choice Variable

ACCE G3 FUNDAMENTALS OF ACCOUNTING

ACCE G4 ECONOMICS OF BANKING

The Accounting WorldAccounting Rules and RegulationsRecording DataSole Trader AccountsCompany AccountsOther Entity AccountsCash Flow StatementsThe Annual ReportThe Annual AccountsInterpretation of AccountsContemporary IssuesFoundationsDirect CostIndirect CostsBudgetingStandard CostingContribution AnalysisDecision MakingCapital InvestmentEmerging Issues

Why Study Money, Banking, and Financial Markets?An Overview of the Financial SystemWhat is MoneyUnderstanding Interest RatesThe Behavior of Interest RatesThe Risk and Term Structure of Interest RatesThe Stock Market, the Theory of Rational Expectations, and the Efficient Market HypothesisAn Economic Analysis of Financial StructureFinancial CrisisBanking and the Management of Financial InstitutionsEconomic Analysis of Financial RegulationBanking Industry: Structure and Competition Central Banks and the Federal Reserve SystemThe Money Supply Process

The Tools of Monetary PolicyThe Conduct of Monetary Policy: Strategy and TacticsThe Foreign Exchange MarketThe International Financial System

The Creation of Financial AssetsSecurities MarketsThe Time Value of MoneyThe Tax EnvironmentRisk and Portfolio ManagementInvestment Companies: Mutual FundsClosed-end Investment CompaniesThe Valuation of Common StocksInvestment Returns and Aggregate Measures of Stock MarketsDividends: Past, Present, and FutureThe Macroeconomic Environment for Investment Decisions

The Problem of RiskIntroduction to Risk ManagementThe Insurance DeviceRisk Management ApplicationsThe Private Insurance IndustryRegulation of the Insurance IndustryFunctions of InsurersFinancial Aspects of Insurer OperationsThe Legal FrameworkManaging Personal RiskSocial Insurance ProgramsIntroduction to Life InsuranceThe Actuarial Basis of Life InsuranceThe Life Insurance Contract - General ProvisionsThe Life Insurance Contract - Other ProvisionsSpecial Life InsuranceBuying Life Insurance

ACCE G5 INVESTMENT I

ACCE G6 RISK MANAGEMENT I

ACCE G7 STATISTICS

ACCE G8 MICROECONOMICS I

Introduction

Organizing and Graphing Data

Numerical Descriptive Measures

Probability

Discrete Random Variables and Their Probability Distributions

Continuous Random Variables and the Normal Distribution

Sampling Distributions

Estimation of the Mean and Proportion

Hypothesis Tests About the Mean and Proportion

Estimation and Hypothesis Testing: Two Populations

Markets and PricesSupply and Demand AnalysisProducer, Consumers and Competitive MarketsConsumer behaviorIndividual and Market DemandUncertainty and Consumer BehaviourProduction, Cost of ProductionProfit Maximizing and Competitive SupplyThe Analysis of Competitive MarketsExternalities and Public GoodsPrivate Solutions to ExternalitiesGovernment Solutions to ExternalitiesPublic Goods

ACCE G9 MACROECONOMICS I

ACCE G10 COMPANY LAW

Macroeconomics Measurement IssueGross Domestic Product, Economic Growth and Business CyclesMacroeconomic ModelConsumer and Firm BehaviourA Closed Economy One-Period Macroeconomic ModelCompetitive EquilibriumOptimality Unemployment – Labor Market Facts Economic GrowthGrowth Theories – Economic Growth FactsIncome Disparity among Countries and Endogenous GrowthSavings, Investment and Government DeficitsConsumption – Savings, Decision and Credit MarketsConsumption and the Stock MarketCredit Frictions, Financial Crises, and Social Security Intertemporal Model with Investment

IntroductionFormation and PromotionCorporate Personality and the Registered Company

The Constitution of the Registered Company

Corporate Decision MakingCorporate TransactionsCapitalSharesInside DealingDirectorsAccounts and AuditorsCompany ChargesShareholder RemediesWinding upEuropean Union Action in Company Law

ACCE G11 ECONOMETRICS I

ACCE G12 INTERNATIONAL ECONOMICS

An Introduction to Econometrics Probability PrimerThe Simple Linear Regression Model Interval Estimation and Hypothesis Testing Prediction, Goodness-of-Fit, and Modeling Issues The Multiple Regression ModelFurther Inference in the Multiple Regression ModelUsing Indicator VariablesHeteroskedasticityRegression with Time-Series Data: Stationary Variables

The International Economy and GlobalizationFoundations of Modern Trade Theory: Comparative AdvantageSources of Comparative AdvantageTariffsNontariff Trade BarriersTrade Regulations and Industrial PoliciesTrade Policies for the Developing NationsRegional Trading ArrangementsInternational Factor Movements and Multinational EnterprisesThe Balance-of-PaymentsForeign ExchangeExchange Rate DeterminationMechanisms of International AdjustmentExchange Rate Adjustments and the Balance-of-PaymentsExchange Rate Systems and Currency CrisesMacroeconomic Policy in an Open EconomyInternational Banking: Reserves, Debt, and Risk

ACCE G13 INDUSTRIAL ECONOMICS I

ACCE G14 MANAGERIAL ECONOMICS I

ACCE G15 ENERGY ECONOMICS I

Industrial Organization: An IntroductionMicroeconomic FoundationsTheories of the FirmOligopoly: Non-Collusive ModelsOligopoly: Collusive ModelsConcentration: Measurement and TrendsDeterminants of Seller ConcentrationBarriers to EntryMarket Structure, Firm Strategy and Performance

Managers and EconomicsDemand, Supply, and Equilibrium PricesDemand ElasticitiesTechniques for Understanding Consumer Demand and BehaviorProduction and Cost Analysis in the Short RunProduction and Cost Analysis in the Long RunMarket Structure: Perfect CompetitionMarket Structure: Monopoly and Monopolistic Competition

Introduction to Energy EconomicsEnergy Data and Energy BalanceUnderstanding and Analysing Energy DemandEnergy Demand Analysis at a Disaggregated LevelEnergy Demand ForecastingEnergy Demand ManagementEconomic Analysis of Energy InvestmentsEconomics of Fossil Fuel SupplyEconomics of Non-Renewable Resource SupplyEconomics of Electricity SupplyThe Economics of Renewable Energy SupplyEnergy Markets and Principles of Energy PricingEnergy Pricing and TaxationInternational Oil Market

ACCE G16 HEALTH ECONOMICS I

ACCE G17 ECONOMIC POLICY ANALYSIS I

ACCE G18 FINANCIAL ECONOMICS I

IntroductionMicroeconomic Tools for Health EconomicsStatistical Tools for Health EconomicsEconomic Efficiency and Cost-Benefit AnalysisProduction of HealthThe Production, Cost, and Technology of Health CareDemand for Health CapitalDemand and Supply of Health InsuranceConsumer Choice and DemandAsymmetric Information and AgencyThe Organization of Health Insurance Markets

ConceptsEconomic Policy in a Complex WorldFiscal PolicyMonetary Policy

Finance and the Finance SystemFinancial EconomicsFinancial Markets and InstitutionsManaging Financial Health and PerformanceTime and Resource AllocationsAllocating Resources over TimeHousehold Saving and Investment DecisionsThe Analysis of Investment ProjectsValuation ModelsPrinciples of Markets ValuationValuation of Known Cash Flows: BondsValuation of Common StocksWhat Do Interest Rates Mean and what is Their Role in Valuation? Why Do Interest Rates Change?How Do Risk and Term Structure Affect Interest Rates?

Are Financial Markets Efficient?Why Do Financial Institutions Exist?Why Do Financial Crises Occur and Why Are They So Damaging to the economyCentral Banks and the Federal Reserve SystemConduct of Monetary Policy: Tools, Goals, Strategy, and TacticsThe Money MarketsThe Bond MarketThe Stock Market

ACCE G30 PETROLEUM ECONOMICS I

World Oil and Gas Supply and DemandStructure of the Oil and Gas IndustryCharacteristics of Crude Oils and Properties of Petroleum ProductsTime Value of Money (TVM) in Capital ExpendituresDepreciation and Depletion in Oil ProjectsFinancial Measures and Profitability AnalysisAnalysis of Alternative Selections and ReplacementsRisk, Uncertainty, and Decision AnalysisBreak-Even and Sensitivity AnalysisOptimization TechniquesExploration and DrillingReserves and Reserve EstimateProduction OperationsGas-Oil SeparationCrude-Oil Treatment: Dehydration, Desalting, and StabilizationGas Treatment and ConditioningCrude Oil Refining: Physical SeparationCrude Oil Refining: Chemical ConversionNatural Gas ProcessingOil and Gas TransportationTerritorial Delimitations and Hydrocarbons ResourcesLicenses, Concessions, Production Sharing Agreements and ServicesContractsUpstreaming Joint Ventures - Bidding and Operating AgreementsUnitisation and Unitisation AgreementsFinancing Upstream DevelopmentsTransboundary Pipeline Development and Risk MitigationLiquified Natural Gas

ACCE G19 ECONOMETRICS II

ACCE G20 INVESTMENT II

ACCE G21 RISK MANAGEMENT II

Random Regressors and Moment-Based EstimationSimultaneous Equations ModelsRegression with Time-Series Data: NonstationaryVector Error Correction and Vector AutoregresiveTime-Varying Volatility and ARCH ModelsPanel Data ModelsQualitative and Limited Dependent Variable Models

Analysis of Financial StatementsBehavioural Finance and Technical AnalysisThe Bond MarketThe Valuation of Fixed-Income Securities Government Securities Convertible Bonds and Convertible Preferred StockAn introduction to OptionsOption Valuation and StrategiesCommodity and Financial FuturesInvesting in Foreign SecuritiesInvesting in Nonfinancial Assets: Collectibles, Natural Resources, and Real EstatePortfolio Planning and Management in an Efficient Market Context

Annuities and Pension BenefitsManaging the Retirement RiskHealth Insurance: Disability Income InsuranceHealth Insurance: Coverage for Medical ExpensesHealth Insurance for the ElderlyEmployee Benefits and Other Business Uses of Life and Health InsuranceThe Homeowners Policy - General ProvisionsThe Homeowners Policy Forms

Other Personal Forms of Property InsuranceNegligence and Legal LiabilityGeneral Liability Insurance for the IndividualsThe Automobile and its Legal EnvironmentThe Personal Auto PolicyCommercial Property InsuranceCommercial Liability InsuranceSurety Bonds and Trade Credit InsuranceInsurance in the Future

Market Structure and Competitive StrategyMarket Power: Monopoly and Monopsony Pricing with Market PowerMonopolistic Competition and OligopolyGame Theory and Competitive StrategyMarkets for Factor InputsInvestment, Time and Capital MarketsMarket Failure, and the Role of GovernmentGeneral Equilibrium and Economic EfficiencyMarkets with Asymmetric InformationExternalities and Public GoodsBehavioural EconomicsInternational Economic Policy IssuesComparative Advantage, Exchange rates and GlobalizationInternational Trade PolicySocial EconomicsThe Economics of Charity and FairnessThe Economics of Trust and Revenge

Money and Business CyclesMonetary Policy, Money and Banking, PricesBusiness Cycle Models with Flexible Prices and Wages

ACCE G22 MICROECONOMICS II

ACCE G23 MACROECONOMICS II

The New Keynesian Economics: Sticky PricesInflation and the Phillips CurveInternational Macroeconomics Money in the Open EconomyInternational Trade in Goods and Assets

Money, Banking and InflationDeeper Look at Money, Inflation and Banking Commodity Money and Commodity – Backed Paper MoneyLong-run Inflation in the Monetary Intertemporal Model

Global Bank Failures and Banking PanicInternational AdjustmentsThe Economics of Depression, Hyperinflation and DeficitsInternational Adjustments and Interdependence

Fiscal Policy The Goals of Macroeconomic PolicyThe Goals of Macroeconomic Policy MakersFederal BudgetThe Economy and the Federal Budget: Concept of Automatic Fiscal Stabilizers

PricingAuctionsProduct DifferentiationAdvertisingResearch and DevelopmentVertical Integration and RestraintsDiversificationCompetition PolicyRegulation

ACCE G24 INDUSTRIAL ECONOMICS II

ACCE G25 MANAGERIAL ECONOMICS II

ACCE G26 ENERGY ECONOMICS II

ACCE G27 HEALTH ECONOMICS II

Market Structure: OligopolyPricing Strategies for the FirmMeasuring Macroeconomic ActivitySpending by Individuals, Firms, and Governments on Real Goods and ServicesThe Role of Money in the Macro EconomyThe Aggregate Model of the Macro EconomyInternational and Balance of Payments Issues in the Macro EconomyCombining Micro and Macro Analysis for Managerial Decision Making

Markets for Natural GasDevelopments in the Coal MarketIntegrated Analysis of Energy SystemsOverview of Global Energy ChallengesImpact of High Energy PricesEnergy Security IssuesInvestment Issues in the Energy SectorEnergy Access

The Economics of Environment ProtectionPollution Control from Stationary SourcesPollution Control from Mobile SourcesThe Economics of Climate ChangeThe Clean Development Mechanism

Managed CareNonprofit FirmsHospitals and Long-Term CareThe Physician's PracticeHealth Care Labor Markets and Professional TrainingThe Pharmaceutical Industry

Equity, Efficiency and NeedGovernment Intervention in Health Care MarketsGovernment Regulation: Principal Regulatory MechanismsSocial InsuranceComparative Health Care SystemsHealth System ReformThe Health Economics of BadsEpidemiology and Economics: HIV/AIDS in Africa

International Financial Integration and Foreign-Exchange PolicyGrowth PoliciesTax PolicyEconomic Policy and the 2007 - 09 Crisis

Principles of Risk ManagementHedging, Insuring, and DiversifyingPortfolio Opportunities and ChoiceCapital Market EquilibriumForward and Future MarketsMarkets for Options and Contingent ClaimsFinancial Structure of the FirmReal OptionsThe Mortgage MarketsThe Foreign Exchange MarketThe International Financial SystemThe Banking and the Management of Financial InstitutionsFinancial RegulationBanking Industry: Structure and CompetitionThe Mutual Fund IndustryInsurance Companies and Pension FundsInvestment Banks, Security Brokers and Dealers, and Venture Capital FirmsRisk Management in Financial InstitutionsHedging with Financial Derivatives

ACCE G28 ECONOMIC POLICY ANALYSIS II

ACCE G29 FINANCIAL ECONOMICS II

ACCE G31 PETROLEUM ECONOMICS II

Gas Sale and Purchase AgreementsCrude Oil Sale and Purchase AgreementsShipping ArrangementsGas Allocation AgreementsGas Balancing AgreementsBuying and Selling Upstream AssetsGas ProcessingDecommissioning of Upstream Oil and Gas FacilitiesTheoretical Perspectives on Resource Tax DesignPrinciples of Resource Taxation for Low-Income CountriesPetroleum Fiscal Regimes: Evolution and ChallengesInternational Mineral Taxation: Experience and IssuesNatural Gas: Experience and IssuesEvaluating Fiscal Regimes for Resource Projects: An Example from OilDevelopmentResource Rent Taxes: A Re-appraisalState Participation in the Natural Resource Sectors: Evolution, Issues and OutlookHow to Best Auction Natural ResourcesResource Tax Administration: The Implications of Alternative Policy ChoicesResource Tax Administration: Functions, Procedures and InstitutionsInternational Tax Issues for the Resource SectorContractual Assurances of Fiscal StabilityTime Consistency in Petroleum Taxation: Lessons from Norway