Department of Economics – Fountain University Osogbo

Brief History of the Department

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.

Philosophy

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

• Provide training in the principles of economics and their application appropriate to the type of degree concerned: single, joint and combined studies;
Stimulate students intellectually through the study of economics and to lead them to appreciate its application to a range of problems and its relevance in a variety of contexts;
Provide a firm foundation of knowledge about the workings of an economy and to develop the relevant skills for the constructive use of that knowledge in a range of settings;
Develop in students the ability to apply the analytical tools, knowledge and skills acquired to the solution of societies’ economic problems,
Equip students with appropriate tools of analysis to tackle issues and problems of economic policy;
Develop in students, through the study of economics, a range of transferable skills that will be of value in employment and self- employment;
Provide students with analytical skills and the ability to develop simplified frameworks for studying the real world;
Provide students with the knowledge and skill base, from which they can proceed to further studies in Economics, related areas or in inter-disciplinary areas that involve Economics; and
Generate in students an appreciation of the economic dimensions of wider social and political issues.

Contact For Scholarship

Department of Economics

College of Management and Social Science Building, Fountain University, Osogbo

Admission Requirements

Unified Tertiary Matriculation Examination (UTME)

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.

Direct Entry

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.

Inter-University Transfer Mode

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

Why Study Here?

We develop in students the ability to apply the analytical tools, knowledge and skills acquired to the solution of societies’ economic problems.

Provide students with the knowledge and skill base, from which they can proceed to further studies in Economics, related areas or in inter-disciplinary areas that involve Economics; and

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