Diploma in Economics & Statstics


General Information

Duration: 1 year

Certification: KIPM Examination Board


The Diploma in Economics is a 1 year taught course (from the beginning of October to the end of October) for students whose first degree contains little or no economics.  It provides a qualification equivalent to a second bachelor’s degree in economics and serves two different purposes.

First, the Diploma serves as a preliminary qualification for people wishing to continue advanced education in economics at the master’s level, at any local or foreign university.

Second, the Diploma serves as a stand-alone education for those who want a rigorous introduction to economics but who do not with to pursue further studies but who want to complement their existing degree with knowledge of economics.

Since modern economics makes frequent use of formal (mathematical and statistical) analysis, a good mathematical background is essential for applicants to the Diploma programme. Please see the "Entry Requirements" section for details of the background required.

Target Group

The Course is useful to learners from all disciplines who are managers, team members in private and public sector and fresh students in the course.

Course Content/ Units

The following are course units:

This paper provides candidates with a thorough, and technically rigorous grounding in the core principles of microeconomics:

  • Consumer demand
  • Theory of the firm
  • Competitive and uncompetitive markets
  • General equilibrium and the foundations of welfare economics

Students then go on to examine the implications of relaxing certain key assumptions underlying the benchmark model, most notably allowing for uncertainty, externalizes and imperfect information.

This paper applies a similarly rigorous approach to the study of the behaviour of the economy as a whole.

  • Empirical phenomena of inflation
  • Fluctuations in output
  • Consumption behaviour
  • Unemployment
  • Fiscal and external deficits
  • Economic growth are analysed with reference to alternative macro frameworks

Throughout the course particular attention is paid to the linkages between particular macro theories and underlying micro assumptions.

This paper is intended to allow students to confront the theories learnt in the other two modules with observed data.  The primary, but not exclusive emphasis of the module is on random variables and random samples in econometric techniques. 

Students acquire a basic understanding of the multiple regression model,

  • Hypothesis testing
  • Time series
  • Stationary and non-stationary variables
  • Simple diagnostic tests

Practical experience of the application of econometric techniques is an integral part of this paper.

The specific statistical techniques covered by the paper are as follows: 

1.    Regression: simple properties of OLS estimators and sampling distributions of regression coefficients and correlation coefficients; elementary analysis of variance; testing of hypotheses; estimation and interpretation of multiple regression coefficients; multi-collinearity; elementary analysis of and tests for misspecification, specifically serial correlation, heteroscedasticity and structural change; introduction to the method of maximum likelihood; maximum likelihood estimation of the linear regression model; elementary examples of generalized least squares estimation.

2.    Forecasting: conditional and unconditional forecasts and confidence intervals.

3.    Economic time-series: elementary representations of time-series specifically first-order AR and MA representations; random walks; elementary time-series forecasting.

4.    Cross-section techniques and panel data: measurement error and the use of instrumental variables; simple binary response models and their application; elementary panel data models.

Intakes are in Jan /June/ September

The recruitment for the January intake is done between November and December; June intake is done between April to May and September intake is done between July to August.

Kindly be informed that due to high demand of our training services, competition for places is also high hence prospective students will be given admission on first come first serve basis. Only suitably qualified applicants will be considered

Modes of Study Include:

Through lectures, tutorials, seminars/ journal clubs, practical and a research project.


  • Morning Sessions Only - (8.00 AM - 12.00 PM)
  • Afternoon Sessions Only -(2.00 PM - 5.00 PM)
  • Evening Sessions Only (5.30 PM - 7.30 PM)
  • Saturday Sessions Only (8.00 AM - 5.30 PM)
  • Saturday & Sunday Only (8.00 AM - 5.30 PM)
  • Distance Learning Only (Meeting once a month on a Saturday)
  • E-learning Only (Consultation and Examination done online)


Learners will be attached to a tutor to guide them in their assignments. The tutor will effectively supervise the student irrespective of their mode of study.

During the study period students will be required to do WORK BASED ASSIGNMENTS which will account for 15% and CONTINUOUS ASSESSMENT TEST (CAT) another 15% making a total of 30% of the final scores. At the end of each semester the final examinations will be taken and will account for 70% of the final score.

Entry Requirements
  1. KCSE ‘C’ or KCE Div.3 or its equivalent
Note: Only qualified applicants will be given go ahead to pay the required tuition and other forms of fees.
Fees Structure & Payment Procedure
Distance Learning  and E- Learning Mode Fees
Amount (Kshs)
Application Fee ( Non-Refundable) 2,000
Tuition Fees (Distance Learners)
Examination Fees
Assignment Defense Fees

On campus Mode Fees
Amount (Kshs)
Application Fee ( Non-Refundable) 2,000
Tuition Fees (On campus)
Examination Fees
Assignment Defense Fees

Payment Mode:

Non-refundable application fee of Ksh. 2,000 to be sent with application forms and relevant certificates.

Students will be allowed to pay fees in the following schemes:

  1. Payment in full
  2. payment in two (2) installments
  3. payment in three (3) installments
NB: Non-East African students pay 25% more on all charges.

Fee is payable by bankers cheque or cash deposit to:
'Project Management Group Ltd.' A/c No. 01136056408200 Cooperative Bank, Stima Plaza Branch Nairobi.

Swift code (KCOOKENA), Sort code (11035)

To facilitate admission, students must complete the form and return/send to us with the following relevant documents:
- Copies of Relevant Academic certificates
- Two coloured passport size photographs
- A copy of National ID or Passport
- Detailed CV

At enquiry stage, the applicant is issued the official KIPM course application form downloadable at home page or
Click on the icon to Download Application Form

For more information, kindly contact the Training Coordinator on Tel: +254 20 2016637 or 0727 595550 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.
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