The Department was previously named Department of Economics and Financial Studies. During this time, it houses various programmes such as Economics, Banking and Finance, Business Administration and Accounting. Immediately after the NUC accreditation exercise in the year 2015 where the Department had full accreditation status, the regulatory body recommended that all the programmes under the Department of Economics and Financial Studies, including Economics, should have full autonomous status. It was since that that the then programme came to prominence as a Department and thereafter referred to as the Department of Economics. Lending credence to the suitability of the NUC recommendation that the programme should resume as a full-fledge Department in 2015, another accreditation exercise in May 2021 also grant the Department full accreditation status. The first Head of the Department was the Late Professor Hakeem Ishola MOBOLAJI and currently under the headship of Dr. Taofeek Olusola AYINDE.
The philosophy and mission statement underlying the Economics programmes of Nigerian Universities is to produce graduates equipped with critical skills and abilities to : abstract using simplified models that identify the essence of a problem; analyse and reason – both deductively and inductively; marshal evidence, assimilate structure and analyse qualitative and quantitative data; communicate concisely the results to a wide audience, including those with no training in Economics; think critically about the limits of one’s analysis in a broader socio-economic context; and draw economic policy inferences and to recognise the potential constraints in their implementation.
Aims and Objectives
College of Management and Social Science Building, Fountain University, Osogbo
Candidates for admission into the four – year degree in Economics should possess a Senior Secondary School Certificate, General Certificate of Education, NECO or their equivalents with at least five credit passes, at not more than two sittings including Mathematics, English Language and Economics. In addition, candidates must have acceptable passes in UTME.
Candidates for Direct Entry admission shall possess five Credits in GCE, SSCE, NECO, or their equivalents, of which at least two shall be at Advanced Level, provided that such passes are not counted at both levels of the examination. For emphasis, credit passes in English Language, Mathematics and Economics are required.
The Department allows for inter-university transfer from other NUC-approved Universities and of same course or other related courses. Inter-university transfer in same course (i.e. Economics) is possible but subject to screening of academic profile to date. In this regard, the Transcript of the applicant would be evaluated to ascertain the suitability to the level upon which the inter-university application is based. Also, inter-university transfer from other related courses such as Accounting, Business Administration, Finance, Computer Science, Mathematics and Statistics are possible but subject to the strength of transcript
We develop in students the ability to apply the analytical tools, knowledge and skills acquired to the solution of societies’ economic problems.