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Faculty of Business and Social Sciences

BSc. Economics

Economics

Economics as a course, is a meticulous examination of the decision-making processes employed by individuals and societies in the allocation of limited resources. This discipline, while intricate and continually adapting to global changes, serves as a fundamental cornerstone for comprehending the mechanisms underpinning the operation of our world.

Whether your aspirations lie in becoming an economic analyst, a policy advisor, or an entrepreneur, our program in Economics will provide you with a robust foundation and practical experiences to succeed in the ever-evolving landscape of contemporary economics. We invite you to join us on this transformative educational journey that will not only shape your future career but also enable you to make a significant impact in the global economic sphere.

Economics can be segmented into several branches, including microeconomics, macroeconomics, international economics, public economics, and labor economics. Microeconomics concentrates on the behavior and decisions of individual units within an economy, providing valuable insights to various stakeholders, such as businesses and policymakers.

  • Economics majors engage in a thorough first year of foundational economics: Principles of Economics I and II during their first year.
  • In their senior year, students have the opportunity to specialize in an area of interest within economics by pairing Advanced Economics Topics with electives of their choice.
  • These courses provide a comprehensive understanding of economic theories, practices, and reporting on a macro and micro scale.
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Course Curriculum

Our Economics degree program is designed to help students understand the vital role of economics in the business world. Students will learn about the different economic theories and how they can be applied to real-world businesses. They will also learn about the different aspects of economics, such as microeconomics, macroeconomics, and international economics. The program will prepare students to work in a variety of fields, such as business, finance, government, and non-profit organisations. Students will develop the skills they need to analyse economic data, conduct economic research, and make economic decisions. They will also develop the critical thinking and problem-solving skills that are essential for success in the business world.

Economics

Course Summary

Bachelor Of Science in Economics

Study Level
Bsc. Economics

Study Duration
4 years minimum

Tuition
₦200,000

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economics Open House

Applications for September 2023 admission is ongoing.

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before 16 August 2023

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100 Level

     First Semester Units
     ACC 101 – Introduction to Financial Accounting I 3
     GST 101 – Use of English and Communication Skills 2
     BUA 101 – Introduction to Business I 2
     ECO 101 – Principles of Economics I 3
     COS 101 – Introduction to Computers 2
     GST 109 – Use of Library and ICT Skills 2
     AMS 101 – Basic Mathematics 2
     Second Semester Units
    BUA 102 – Introduction to Business II 2
    ECO 102 – Principles of Economics II 3
    GST 102 – Nigerian People and Culture 2
    ACC 102 – Introduction to Financial Accounting II 3
    AMS 104 – Principles of Project Management 2
    AMS 102 – Principles of Management 2
    EMT 103 – Business Ethics 3

200 Level

     First Semester Units
     ECO 207 – Mathematics for Economists 2
     ECO 205 – Structure of the Nigerian Economy 2
     ECO 201 – Microeconomics Theory I 2
     ECO 203 – Macroeconomics Theory I 2
     ENT 211 – Entrepreneurship and Innovation   2
     BUA 203 – Business Statistics 3
     GST 201 – Philosophy, Logic, and Human Existence 2
     Second Semester Units
     ECO 202 – Microeconomics Theory II 2
     ECO 204 – Macroeconomics Theory II 2
     ECO 208 – Applied Economics 2
     ECO 206 – Intermediate Economic Statistics 2
     ECO 210 – Computing Applications for Economics 2
     ECO 212 – Environmental Economics 2
     ACC 202 – Financial Accounting 2
     ECO 214 – Monetary Economics and Finance II 2

300 Level

     First Semester Units
     ECO 311 – International Economics I 2
     ECO 313 – Advanced Statistics 2
     ECO 303 – Monetary and Financial Institution 3
     SSC 301  – Innovation in the Social Sciences 2
     ECO 307 – Project Analysis I 3
     ECO 305 – History of Economic Thought 2
     ECO 371 – Elements of Public Finance 2
     Second Semester Units
     GST 312 – Peace and Conflict Resolution 2
     ECO 310 – Public Sector Economics 2
     ECO 306- Economics of Marketing 3
     ECO 308 – Economic Development Theory 2
     ECO 310 – Introductory Econometrics 3
     ECO 312 – International Economics II 2

400 Level

     First Semester Units
     ECO 401 – Advanced Microeconomics I 2
     ECO 403 – Advanced Macroeconomics I 2
     ECO 445 – Theory of International Trade  3
     SSC 401 – Research Methodology 2
     ECO 407 – Fiscal and Policy Analysis 3
     ECO 405 – Economics of Planning 3
     Second Semester Units
     ECO 408 – Project Review and Report 6
     ECO 402 – Advanced Microeconomics II 2
     ECO 404 – Advanced Macroeconomics II 2
     ECO 406 – Monetary Theory and Policy 3
     ECO 452 – Economics of Production 2
Admission Requirements

Entry requirements for BSc. Economics

Here’s what you need to study for a bachelor’s programme at West Midlands Open University

A copy of your O- or A-level result.

In no more than two sittings, the outcome must comprise a minimum of five credits in each of the following subjects:

  • English Language
  • Mathematics
  • Economics
  • Two further subjects connected to social science

Keep in mind that JAMB results are NOT NECESSARY.
After enrollment at the university, the results will be verified.

Careers

Available Opportunities for Accounting Holders
A bachelor's degree in accounting opens you a wide range of fascinating employment prospects because the accounting sector is always changing.
Here are some career options for you to consider:
  • Financial Analyst
  • Investment Analyst
  • Economist
  • Budget Analyst
  • Market Research Analyst
  • Financial Analyst
  • Data Analyst
  • Policy Analyst
  • Business Consultant
  • Economic Consultant
  • Quantitative Analyst
  • Economic Forecaster

Tuition

Payment Plans

West Midlands Open University offers a flexible payment plan for its degree programmes.
You may choose to pay the year’s fee up front or in two installments.

Pay Upfront

Pay the year’s fee upfront. No hidden charges. No additional costs.

 

₦200,000

 

Pay in Installments

Pay in two installments.
An initial deposit of ₦100,000 and a second payment of ₦100,000.
No hidden charges. No additional costs.

 

₦100,000

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    West Midland Open University is licensed by the National Universities Commission.

    The NUC is a University governing body in Nigeria.