Translate --Select--AlbanianArabicBulgarianCatalanChinese(Simp)Chinese(Trad)CroatianCzechDanishDutchEnglishEstonianFilipinoFinnishFrenchGalicianGermanGreekHebrewHindiHungarianIndonesianItalianJapaneseKoreanLatvianLithuanianMalteseNorwegianPersianPolishPortugueseRomanianRussianSerbianSlovakSlovenianSpanishSwedishThaiTurkishUkrainianVietnamese

The structure of the program:

To work more effectively within and across organizations, course participants need strategic management tools: techniques for analyzing organizations and situations; methods for strategy formulation, implementation and managing strategic change; techniques for human resource management and development; and leadership skills. The overall objective of the program curriculum therefore is to impart economic policy and management and language skills to the program participants to enable them to more effectively analyze and deal with the problems of developing economies. The method of teaching includes lectures, seminars, paper presentation, case study discussions, team projects and full visits. The curriculum consists of seven components:

A. Economics Core
B. Management Core
C. Policy Core
D. Electives E. Seminars
F. Computer Skills
G. Research Paper/Project

Economics Core
The objective of the Economics Core is to review economic principles and the fundamentals of microeconomics and macroeconomics for economic policy advisors. In addition, the economics core offers practitioners the opportunity to apply these tools in a policy analysis situation.

Management Core
Policy advisors must work within and across organizations and therefore they need strategic management tools. The purpose of this core is to provide tools and techniques for analyzing organizations and situations; use methods for strategy formulation, implementation and managing strategic change; as well as techniques for human resource management and leadership skills.

Policy Core
The Policy Core includes: Effective Policy Communication, Policy Analysis, Design and Formulation, Programme and Project Management.

Electives
To meet the interests and needs of individual participants, two electives in the program are selected, one from Economics and the other from Management. The electives offered in any academic year will depend on the student’s interest and availability of staff. Electives in Economics include:
EPM 8104 - Monetary Economics and Banking
EPM 8105 - Agricultural Development Policy
EPM 8106 - Industrial Development Policy
EPM 8107 - International Economics
EPM 8108 - Resource and Environmental Economics

The Electives in Management include:
EPM 8110 - Entrepreneurship and Innovation
EPM 8111 - Human Resource Management
EPM 8112 - Leadership and Inter- Personal Dynamics
Policy Research Paper
Participants are required to do a Research Project on a topic of their own choice under a Faculty Member’s supervision, and are encouraged to take an elective related to their
Research Project.

Field visits
The field visits component of the program gives participants the opportunity to have practical view of the economic policy and management tools.

Course units for the MAEPM program
The program is structured on a course unit basis to meet Makerere University requirements for a Masters programme. In order for a candidate to satisfy the requirements for the MA degree in Economic Policy Management, the student must complete 15 courses and write a research project/paper for a total of 47 credits.
Course Sequence for Master of Arts in Economic Policy Management

 

Duration of the program
The duration of the program is 12 months with three semesters indicated as follows:
Semester I - September – December
Semester II - January – April
Semester III - May – August
 

Description of the courses
EPM 710: Computer Skills
Basic word-processing, spreadsheet, database, economic modelling and statistical software; Computer Appreciation; Applications and Implications; Brief history and state of the art of computers; Major divisions in computer hardware: mainframe, minicomputers; Batch and time sharing computer environments; Principles of digital computer Organisation: internal information representation of digital computers; pure binary, BCD and EBCDIC codes. Algorithms and Flowcharts (simple examples), DOS Operating System; Word-processing (WordPerfect, MS word, etc.); Spreadsheets (Lotus, Excel, etc.); Database systems (Dbase III/IV)-, Graphical User Interfaces e.g MS Windows; SPSS (Statistical Package), SAS and Linear Programming.
 

EPM 7102: Effective Policy Communication
Over view of the Management process and the place of communication; Overview of communication: What it is process or typed, Organization and interpersonal communication; Oral and listening skills; Rep writing; Letter writing; Negotiating Skills; Meetings & Minute writing Information Management; Non-verbal communication; Information Management and Transactional Analysis.
 

EPM 7102: Microeconomics for Policy Management
Consumer and producer theories; consumption decisions; The Theory of the firm; the Growth decision of the firm; growth by merger and take-over; growth by horizontal and vertical integration; growth by foreign direct investment; objectives of the firm; means of production; theory of market structure; principles of welfare economics and social choice; efficiency; equity and welfare; public goods; externalities; property rights; general equilibrium.

EPM 7103: Applied Quantitative Analysis
A Review of Algebra and Elementary Set Theory; Differential calculus; Integral calculus; Introductory matrix algebra; Probability and sampling distributions; Basic Statistical theory; Statistical inference.

EPM 7104: Management Accounting And Control
Behavioural aspects of Management Accounting, The role of Accounting Information in performance evaluation, studies of budgetary control; Organizational Control System, the impact of uncertainty on Accounting Information system, Design and use, the contingency theory of Management Accounting. Management Planning and Control Systems, inventory Management Purchasing, Storage and issues of stock including Valuation and Pricing, costing Methods: Job process contract and joint procedures in costing, budgeting and variance Analysis, responsibility Accounting, Cost profit and Investment Centres, transfer Pricing: Theory and Practice; control in Multinational Companies; control in Service Industries and Non Profit Organisation. Recent Developments in Management Accounting, normative Decision Theory and Agency Theory, behavioural Studies of Variance Investigation, Development in Costing for new manufacturing techniques, the rational of fixed cost allocation.

EPM 7104: Monetary Economics and Banking
Money in the economy; The Demand for Money; The Supply Money; Central Banking and Monetary Policy; Financial Institutions and Financial Inter-mediation; International Financial Institutions Policy; Money in the Open Economy; Money and Inflation; Money and Inflation; Money and Economic Growth.

EPM 7105: Planning and Strategic Management
This seminar is intended to acquaint students with the role of entrepreneurs and follows up the creativity and innovation paper. Students in groups of 5 or 6 will undertake a complete feasibility study of a new business/or an entrepreneur one of the acting in an entrepreneurial role. Those will identify an idea through the creativity and innovation classes and develop tile idea into a business concept. They will make the financial, market and production viability studies. They will go through the decisions of how to form a company, type, size, share capital, sources of funds presenting information to a Banker.

EPM 7201: Intermediate Managerial French
Business Figures; Requesting and giving precision; complaining; expressing a position taken; giving one’s opinion; protesting; reassuring; rejecting a point of view; commenting on performance; starting a business/office; market commentaries: – economic performance, success/failure. Presentation in simplified French of major economic indicators, growth, decline, consumption, production. Visualize the future: economics performance (under future perspective, narrating success/failure story. Blaming, justifying, pleading, repeat the acts of speech, reinsure, formulate a project proposal, start/end a conversation, contracts/refusal, presenting a story.

EPM 7202: Macroeconomics for Policy Management
Measurement and interpretation of aggregates; Output determination, classical and Keynesian models; Monetary Economics; Output determination, Stabilization policy and growth; and The theory and practice of economic policy; Response to shocks and stabilization; Structural Reform; Africa's Integration with The World Economy.

EPM 7203: Policy Analysis, Design And Formulation
What is Policy Analysis? Conceptual Foundations; Rationales for Public Policy: Market Failures; Rationales for Public Policy: the need for simple methods of policy analysis and planning; the policy analysis process; verifying, defining and detailing the problem; Establishing evaluation criteria; identifying alternative policies; evaluating alternative policies; displaying alternative policies and distinguishing among them; monitoring and evaluating implemented policies.

EPM 7204: Financial Management
The Investment functions: Current Assets, Cash Receivables, Fixed Assets, Purchasing, hire Purchases Leasing; the Financial functions: Capital structure, capital market theory, costs of capital; the Dividend Function: Declaration, Long term policy decision stock or reverse splits of finance; tools of Financial Control: Ratio analysis fund flows, simulation, budgeting; international Aspects of Finance.

EPM 7205: Econometrics
The simple classical linear regression model; the multiple classical linear regression model; assumptions of the classical linear regression model and properties of its parameter estimates; violations of the assumptions of the linear regression model; the generalized least squares regression model; special regression models; simultaneous equation models; time series analysis.

EPM 8101: Public Sector Economics
Economic Efficiency and the Competitive Price System; Market Failure and the Rationale for Government Intervention; Public Expenditure Theory; Public Goods Theory; Resource Allocation Mechanisms for Public Goods; Provision; Public Choice Theory; Externalities Public Enterprise Pricing and Investment Rules; Cost benefit Analysis; Revenue Structure; The Principles of Taxation; The Incentive Effects of Taxation; Tax Incidence and Effects of Budgetary Instruments; Tax Design; Taxation and Public Expenditure in Developing Countries; Public Sector Planning and Budgeting; Fiscal Stabilization, Public and its Management; Public Sector Enterprises, Organization, Management; Efficiency, Pricing Policy and Accountability; and Public Sector Reforms; Parastatal Reforms and Privatization.

EPM 8102: Research Methods
Science and the scientific methods of research; the role of theory in research; basic elements of research; ethics in social research; research design; sampling and sample design; data collection; data analysis; writing a research proposal; writing a dissertation.

EMP 8103: Program and Project Management
Project Appraisal and Cost Benefit Analysis: Introduction: Relations between projects, programmes and plans; Project analysis; Investment Analysis; Valuation of costs and benefits (Opportunity costs, consul surplus, cost-effectiveness); Investment criteria; Choice of discount r Valuation of costs and benefits (efficiency pricing, gains from trade comparative advantages); Valuation of costs-shadow pricing; Risk Analysis - Risk discounting sensitivity analysis.

EPM 8104: Monetary Economics and Banking
Money and the macroeconomy; the demand for money; the supply of money; central banking and monetary policy; financial institutions and financial intermediation; international financial institutions and policy; money in an open economy; money and inflation; money and economic growth.

EPM 8105: Agricultural Development Policy
Agriculture in a development Context; Agriculture in African Countries; World Trade in Agricultural Commodities; Agricultural Household Models; Production Efficiency; Response to Incentives; Agricultural labor; Approaches to Policy Analysis: Food Policy Analysis; Poverty Alleviation; Rural Institutions; Technological Change; Rural Development Planning; Population, rural poverty and labour absorption/use; Technological changes, taking special account of green revolution; Women and rural development; Traditional Africa agricultural technology and modem world technology with policy interaction and implications; Integrated rural development; Structural planning and local government; Rural management information system.

EPM 8106: Industrial Development Policy
Industry and Economic Development; Analysis of Industrial Structure and Behaviour; Analysis of Firm Structure and Behaviour; Dimensions of Performances: Firms and Industrial Structure and Interactions; Industrial Policy and Industrialization Strategies - Static and dynamic welfare implications under various market conditions; state policy and intervention; effects of intervention (distortions, efficiency and welfare losses/gains); trade policy; Market reforms and industrial restructuring; impact and implications of reforms and Structural adjustment; approaches to and forms of privatization); incentives; Industrialization options and strategies: import Substituting and export oriented industrialization policies; the role of various agents of industrialization (domestic private capital, government; foreign investment).

EPM 8107: International Economics
Operation of the foreign exchange market; determinants of balance of payments imbalance; and the international monetary system. Comparative Advantage and the Gains from Trade; Imperfect Competition and International Trade; International Trade Policy; Trade Policy and Economic Development; Balance of Payments, Foreign Exchange Markets and Exchange Rates; Balance of Payments Adjustments; Fixed and Flexible Exchange Rates; Inflation, Unemployment and Stabilization Policy in the Open Economy; Exchange Rate Arrangements, Policy Co-ordination and Monetary Systems. International Institutions and International Factor Movements; Stabilization and Structural Adjustment; General Development Aid Theoretical Issues and Practical Experience. Why and what type of companies are global. The European Market and its challenges ; The Pacific rim, Japan, China and the newly industrialized countries of South Korea, Taiwan: How they transformed and their future. Trading blocks (EC, OPEC, COMESA, ECOWAS, SADAC); global industry restructuring, new forms of inter-form collaboration and competition, impact of structural changes on developing economies, and international marketing strategies for firms and nations.

EPM 8108: Resource and Environmental Economics
The course shows how the techniques covered in the core courses iii microeconomics, macroeconomics and quantitative methods may be applied to the analysis of environmental problems (with special reference to the set of environmental problems encountered in Sub-Saharan Africa). Topics include: Basic issues and basic theory; Optimal utilization of environmental resources; Environmental externality and environmental public goods; The valuation of environmental resources; Policy options; Environmental economics and tile integrated management of environmental resources.

EPM 8111: Entrepreneurship and Innovation
Introduction to business policy: Strategic decision making: Objectives: mission and values: Environmental analysis: Tile internal analysis of tile firm: Strategic options: Strategy analysis, evaluation and selection: Implementation of strategy within functional areas: Strategy and the structure of the firm.

EPM 8112: Human Resource Management
Principles and concepts and significance of human resources, manpower policy ad planning at macro and micro levels. Recruitment, selection, training development, promotion, transfers and separation. Wages and salary determination, Compensation System. Moral, motivation and production. Industrial Relations Systems, Industrial Democracy and participate management. Trade Unions, Industrial Disputes-prevention and resolution. Statutory and non statutory regulation.

EPM 8113: Leadership and Inter-Personal dynamics
Nature and significance of leadership; Traits behavioural and situational approaches to leadership; Determinants of effective leadership; Managerial Grid; Leadership life cycle theory; Fiedier's Contigency theory; Vroom and Yetton Model; Reddin's 3-D; Path-Goal Attribution theory; Group and interpersonal processes. Interpersonal dynamics-emotional expression in interpersonal relationships, p change through interpersonal relationships. Organizational relations inter-personal skills. Interpersonal competence and organizational effectiveness. Interpersonal styles and communication, Johari window, T-Group theory and laboratory method, Transactional Analysis.

EPM 8201: Research Project and Internship
The Research Project will consist of empirical research on which a policy oriented extended essay will be based.

EPM 8202: Research and Dissertation
Research and Dissertation will consist of the student writing a research proposal, undertaking empirical research and writing a dissertation.