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National Open University of Nigeria - NOUN
speciality: Economics

3.8

What Is an Economics Degree?

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).

Benefits of an Economics Degree

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 Degree Structure

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. 

4 Student Reviews

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  • Economic and ...
    Social Sciences
    Emmanuel
    "Flexible Education, My NOUN Experience"

    As I reflect on my time at National Open University of Nigeria (NOUN), I’m struck by the profound impact it’s had on my life. NOUN’s flexible and accessible approach to education empowered me to pursue my dreams, despite the demands of work and family.

    What Made It Stand Out:

    – Engaging Online Platform: NOUN’s interactive study materials and virtual classroom experiences kept me motivated and connected with peers.
    – Supportive Facilitators: Dedicated instructors provided guidance, feedback, and encouragement, helping me stay on track.
    – Diverse Networking Opportunities: Interacting with students from various backgrounds broadened my perspectives and fostered lasting connections.

    Lessons Learned:

    – Self-Discipline is Key: To succeed in NOUN’s flexible model, you must be self-motivated and disciplined in managing your time.
    – Leverage Resources: Take advantage of online materials, study centers, and facilitator support to maximize your learning.
    – Balance is Possible: NOUN’s schedule allows you to balance academics with work and personal responsibilities – but it requires intentional time management.

    To Future Students:

    If you’re considering NOUN, be prepared for a rewarding journey. With dedication and perseverance, you’ll unlock your potential and achieve your goals. NOUN’s commitment to quality education will equip you with the skills and knowledge to succeed in your chosen field.

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    Programme: Economic and Social Sciences
    Degree: Bachelor's
    Graduation: 2025
    Delivery Type: Blended
    Campus: Lagos
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  • Economics
    Stanley
    Enjoyable Experience

    Studying economics in university provided a deep understanding of economic theories, policies, and their real-world applications. Courses ranged from microeconomics, macroeconomics, to econometrics, where I learned to analyze economic data and models. Engaging in case studies and research projects enhanced critical thinking and problem-solving skills, while discussions on global economic issues broadened perspectives. Interactions with professors and peers enriched my learning through diverse viewpoints and debates. Overall, studying economics equipped me with analytical tools and knowledge applicable to various sectors, preparing me for a dynamic career in economics, finance, or policy analysis.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Lagos
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  • Economics
    Roselyn
    Review Of The National Open University Of Nigeria

    The National Open University of Nigeria (NOUN) stands as a beacon of inclusive and flexible education in Nigeria. As the country’s only open and distance learning institution, NOUN offers a unique opportunity for individuals from all walks of life to pursue higher education without the constraints of traditional classroom settings.

    One of the most commendable aspects of NOUN is its commitment to accessibility. By providing flexible study options, including online learning platforms and study centers across the country, NOUN ensures that education is within reach for working professionals, stay-at-home parents, and individuals with other commitments. This flexibility empowers students to pursue their academic aspirations while balancing other responsibilities.

    Furthermore, NOUN’s diverse range of programs caters to the needs of a broad spectrum of learners. From undergraduate to postgraduate degrees, diploma courses, and professional certifications, NOUN offers a comprehensive array of disciplines spanning arts, sciences, social sciences, management, and more. This diversity allows students to tailor their education to their interests and career goals, fostering a sense of relevance and fulfillment in their studies.

    The quality of education at NOUN is upheld by a dedicated faculty comprising experienced academics and industry professionals. Through innovative teaching methods and robust support systems, including online resources, virtual classrooms, and academic advisors, NOUN ensures that students receive the guidance and mentorship necessary for academic success. Additionally, the institution’s commitment to continuous improvement is evident through its accreditation by the National Universities Commission (NUC) and other relevant regulatory bodies.

    While NOUN has made significant strides in providing accessible and quality education, there are areas for improvement. For instance, enhancing the technological infrastructure and support services for online learning could further enhance the student experience, especially in remote or underserved areas. Additionally, fostering a stronger sense of community and engagement among students through extracurricular activities and networking opportunities could enrich the overall learning environment.

    In conclusion, the National Open University of Nigeria is a commendable institution that embodies the principles of inclusivity, flexibility, and quality in higher education. Through its innovative approach to distance learning, diverse program offerings, and dedicated faculty, NOUN continues to empower individuals across Nigeria to pursue their educational aspirations and contribute meaningfully to society.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Lagos
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  • Economics
    Roselyn
    My experience in NOUN

    I honestly think the open university is a good idea especially for people who need to work while schooling but I feel they can do better regarding the online lectures because of the network issues I experienced sometimes.

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Lagos
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