Are you passionate about the business and finance sector? Do you follow the national and international news? Then, an Economics degree is the answer. It has always been one of the most sought-after degrees amongst youth.
Economics degrees are designed to tackle all the issues that have an impact on financial situations, ranging from production to how resources are used. Candidates are trained to understand how the economy suffers fluctuations based on the market’s needs and wants followed by the market’s supply and demand.
By far one of the most crucial elements is that economics is divided into microeconomics and macroeconomic. Microeconomics deals with the economic behaviour at an individual level (companies, buyers, sellers and others), whilst macroeconomics illustrates the bigger picture, on a national or global scale (unemployment, economic growth, inflation and so on).
Having an economics degree increases anyone’s chances to find a job, regardless of the field. This is mainly due to the fact that graduates hold many transferable abilities, such as analytical and problem-solving skills, that are suitable for any career.
A study made by the London School of Economics and Political Science showed that graduates from an economics course have a starting salary of £33,000 per year. Having a job in the field right after graduation is a major positive aspect and comes with a lot of opportunities for career advancement.
Economics degrees are usually a three years commitment and sometimes are offered as part of a joint degree. This means that Economics can be studied along with another subject such as engineering, management, law, computer science and others.
This degree can be found either as a Bachelor of Science (BSc) or Bachelor of Arts (BA). The BSc focuses more on economical theory and statistical techniques, while BA is combined with social sciences and qualitative modules.
As an economics student at the University of Ilorin, I found the program provided a solid educational foundation but has room for improvement.
The curriculum covers key micro and macroeconomic principles and models in depth through required courses like Intermediate Microeconomics, Econometrics, and Mathematical Economics. Small class sizes enable productive class discussions and engagement. Professors are approachable and willing to provide additional support during office hours.
However, more focus could be given to practical applications and developing analytical skills. Several courses emphasized theoretical concepts without real-world examples and problem sets to build critical thinking abilities. The program would benefit from more data analysis and research project assignments integrating economic data from Nigeria and surrounding regions.
The faculty have strong academic backgrounds from renowned institutions, but very few have real-world experience in the public or private sector. Bringing in adjunct professors working in finance, business, or policy roles could add valuable perspective.
While students build a solid base of economic knowledge, the program does not adequately prepare graduates for careers after university. Adding courses in financial modelling, data visualization, and presentation skills would improve job-readiness. More networking events and guidance on internships would also help students transition successfully into the workforce.
Overall, the University of Ilorin provides quality economics training for the tuition costs. However, developing practical skills, real-world applications, and career support services would take the program to the next level. I appreciated the strong foundational curriculum but needed to supplement my education with additional internship and skills training experience. There is opportunity for the program to improve and produce graduates ready to excel in economic analysis roles across various industries and public sector positions.
View moreAs an Economics student in the University, I find the mode of lectures fair enough. Some lecturers are always ready to teach and go extra miles for the students. The lecture rooms are fair at least. It is not that condiusive for learning because of overpopulation in some courses. The school should find a way to make lecture rooms more enticing for learning. Unilorin pride herself as one of the universities that doesn’t strike in the country but that is in the past because of the recently strike they joined with other universities in Nigeria.
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