Economics and Management Sciences / Economics


Degree awarded:
  • M.Phil
  • M.Phil/Ph.D
  • M.Sc
  • M.Sc (Banking and Finance)
  • M.Sc (CBNCPP)
  • M.Sc Economics (CBNCPP)
  • Mphil
  • Ph.D
  • Ph.D (Collaborative Programme)
  • Master of Science in Economics
Field of interest:
  • Accounting and Finance
  • Development Economics
  • Econometrics
  • Economic History
  • Economic Planning
  • Economic Theory
  • Economics of Education
  • Health Economics
  • International Economics
  • Mathematical Economics
  • Monetary Economic
  • Not Applicable
  • Operation Management
  • Petroleum and Energy Economics
  • Political Economy
  • Public Sector Economics
  • Transportation Economics
  • Urban and Regional Economics
Entry requirements:

    General Regulations Governing Admission to Higher Degree Programmes

    • Candidates for admission to higher degree programmes shall normally be graduates of the University of Ibadan or other Universities/Institutions recognised by the Senate. Admission shall be made by the Postgraduate College on the recommendation of the appropriate Faculty Postgraduate Committee.
    • Candidates without any previous higher degrees in the relevant discipline may be admitted only to either the Degree of Master or the Professional Degree of Master.
    • Candidates with recognised “Research Higher” Degree in the relevant discipline may be admitted to the M.Phil or Ph.D. degree programmes as appropriate, on the recommendation of the appropriate Faculty Postgraduate Committee.
    • A candidate admitted to the degree of Master of University of Ibadan who obtained a weighted average mark of 55.0 – 59.9%, or a CGPA of between 4.0 and 4.9 may be offered provisional admission to the M.Phil./Ph.D programmes. Such candidates shall be assessed within three semesters of full time and four semesters of part time registration for the M.Phil/Ph.D to Ph.D conversion. This shall also apply to students who graduated from other universities    


    • All University of Ibadan graduates should be admitted to Postgraduate programme with the ordinary level criteria existing at the time their first admission. Candidate who did not fulfill the requirements as at the time of their admission are not eligible for consideration.
    • Special consideration may be given to candidates, who obtained their first degree not less than 20 years from the time of seeking admission to any postgraduate programmes. Such candidates must have been found to possess special skills or abilities and professionally or academically engaged during the period of 20 years.
How to apply:
Apply online

Our Economics programme focuses on the production, distribution, and consumption of goods and services. It involves the study of how individuals, businesses, and governments make choices to allocate resources to satisfy unlimited wants and needs. Here is an overview of the course:


  • Microeconomics examines the behavior of individual economic agents, such as consumers, firms, and markets. Students learn about supply and demand, price determination, consumer choice, production and cost analysis, market structures (such as perfect competition, monopoly, and oligopoly), and the efficiency of resource allocation.


  • Macroeconomics studies the overall performance and behavior of an economy. It covers topics such as national income, economic growth, inflation, unemployment, monetary and fiscal policy, international trade, and exchange rates. Students analyze the interrelationships between different macroeconomic variables and the effects of government policies on the economy.

Economic Theory: 

  • Economic theory provides the foundational principles and concepts used to analyze economic phenomena. Students learn about economic models, assumptions, and mathematical and statistical tools used to study economic behavior and make predictions. They explore theories such as utility theory, game theory, production theory, and the theory of comparative advantage.


  • Econometrics combines economic theory, statistical methods, and data analysis to empirically test economic theories and make quantitative predictions. Students learn how to collect and analyze data, estimate and interpret economic relationships, and conduct statistical tests. Econometrics enables students to apply rigorous empirical methods in economic research and policy analysis.

International Economics: 

  • This course focuses on the study of international trade and finance. Students examine theories of international trade, trade policies, balance of payments, exchange rates, and global financial markets. They explore the economic implications of globalization, international agreements, and the role of international organizations like the World Trade Organization (WTO) and the International Monetary Fund (IMF).

Public Economics: 

  • Public economics examines the role of government in the economy. Students study topics such as public goods, externalities, taxation, public expenditure, income distribution, and the design of economic policies to address market failures. They analyze the trade-offs between efficiency and equity in public policy decisions.

Applied Economics: 

  • Applied economics involves the application of economic theory and quantitative methods to real-world economic issues and policy analysis. Students learn how to use economic models and data analysis techniques to analyze specific sectors or policy areas, such as labor markets, environmental economics, health economics, industrial organization, or development economics.

Economic History: 

  • Economic history explores the historical development of economies and the evolution of economic systems over time. Students examine economic events, institutions, and policies that have shaped economies and societies. They analyze economic trends, technological advancements, and the impact of economic changes on different regions and social groups.

Financial Economics: 

  • Financial economics focuses on the study of financial markets, investments, and the management of financial resources. Students learn about asset pricing, portfolio theory, risk management, financial instruments, and corporate finance. They analyze the behavior of financial markets, study investment strategies, and evaluate the performance of financial institutions.

Economic Policy Analysis: 

  • This course covers the evaluation and analysis of economic policies, both at the micro and macro levels. Students learn to assess the impact of policy interventions, conduct cost-benefit analyses, and evaluate policy effectiveness. They develop skills in policy formulation and recommendation, applying economic principles and empirical evidence.

Few/Some of the Course Content


Entry Requirement


Career Path

Here are some common career paths for Economics graduates:


  • Graduates can work as economists in government agencies, central banks, international organizations, research institutions, or private companies. They analyze economic data, conduct research, and provide economic insights and forecasts to support policy-making, strategic decision-making, or market analysis.

Financial Analyst: 

  • Graduates can work as financial analysts in banks, investment firms, or corporate finance departments. They analyze financial data, evaluate investment opportunities, assess risk, and provide recommendations on financial strategies and investments.

Data Analyst: 

  • Graduates with strong quantitative and analytical skills can work as data analysts in various industries. They collect and analyze data, create models and forecasts, and provide insights to support business decision-making and strategic planning.

Market Research Analyst: 

  • Graduates can work as market research analysts, collecting and analyzing data on market trends, consumer behavior, and competitor analysis. They provide insights to guide marketing strategies, product development, and business expansion.

Policy Analyst: 

  • Graduates can work as policy analysts in government agencies, think tanks, or non-profit organizations. They assess the economic impact of policies, analyze policy options, and provide recommendations to address social, economic, or environmental issues.

Business Consultant: 

  • Graduates can work as business consultants, providing expertise and advice to companies on various economic and business-related issues. They may specialize in areas such as market analysis, cost optimization, pricing strategies, or regulatory compliance.

Financial Planner: 

  • Graduates can work as financial planners, helping individuals and organizations with financial planning, investment strategies, and wealth management. They assess financial goals, evaluate risk tolerance, and provide recommendations for financial decision-making.

Economic Development Specialist: 

  • Graduates can work in economic development agencies or non-profit organizations, promoting economic growth and development in specific regions or communities. They analyze local economies, identify opportunities for growth, and develop strategies to attract investments and create jobs.

International Trade Specialist: 

  • Graduates can work in the field of international trade, helping companies navigate global markets, trade agreements, and export-import regulations. They provide expertise on market entry strategies, trade policies, and international business development.

Academic and Research Careers: 

  • Graduates can pursue advanced degrees and pursue careers in academia or research. They can become professors, researchers, or policy analysts, contributing to the advancement of economic knowledge and addressing societal challenges through research and teaching.

It's important to note that career paths in economics can vary depending on individual interests, specialization, and geographic location. Continuous learning, staying updated with economic trends and policies, and developing strong analytical and communication skills are key to success in this field.



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