DEPARTMENTAL UNDERGRADUATE PROGRAMME
This Department runs an undergraduate programme which is designed to lead to the award of the Bachelor of Science Degree in Economics, B.Sc (Econs). The programme is briefly described below.
In addition to this, courses taught in the Department are taken by students registered for programmes outside the Department. Such students come mainly from the other Departments in the Faculty of the Social Sciences and from the Faculties of Education and Technology.
The programme, which is normally expected to last 3-4 sessions (six-eight semesters), contains comprehensive coverage of courses whose primary purpose is to provide thorough training in both the technique and application of economic analysis, with particular reference to problems of contemporary Nigeria within the world context. The required courses seek to ensure coverage of the fundamental theory and methods which should be the minimum expected of any economist. The elective courses cover virtually all branches of economics and business studies and allow for specialization in these fields.
All students who wish to take courses in Economics are strongly advised to familiarise themselves with the course system regulations and the Departmental Course System Syllabus. They should consult with their Advisors before proceeding to register for any course.
These regulations and syllabuses must be carefully studied before registration is effected. 300 level students are particularly advised to carefully study both 300 and 400 level syllabuses and regulations. This is to enable them to rationally select their 300 level courses having in mind what 400 level courses they may wish to take in their final year.
Students in this Department can, and are encouraged to, become members of two student-run societies. Each of these societies is identified and its objectives and activities briefly described below:
Nigerian Economics Students Association (NESA)
The membership of this Association is open to all undergraduates majoring in Economics. Its objectives are to provide a forum for dissemination of economic thought and to encourage its members to engage in academic and objective analysis of Nigeria’s economic problems.
In pursuance of these objectives, the Association periodically organises lectures, symposia, seminars, among others, and publishes magazines (“Newsletter Economics or the University Ikonomist”).
International Association of Students in Economics & Management (AISEC)
As the name indicates, this is an international students’ organization which has a chapter in Ibadan. Its objectives are to link management with the academic and student communities, and to provide practical experiences in organizing lectures, seminars, training workshops, conferences and international exchange programmes for its members.
In addition to the special activities organized by the student societies previously identified, students of Economics are also expected to participate actively in the community life of the University-wide student body.
Furthermore, this Department arranges an excursion, once a year, to industrial locations where final year students can learn at first hand, about various production processes and problems. This annual industrial tour is organized by a member of staff.
M.Sc /M.Phil /Ph.D. Programme in Economics
A. Some Practical Hints
1. You are coming to a programme in which some level of maturity and ability to take initiative has to be assumed This is especially true in the area of being able to determine your own particular needs and how these can be met within what the programme has to offer. Experience with previous classes has shown that most people still come into the graduate programme like an average undergraduate student having the lecturer known best type of disposition. Your creativity, initiative and general enthusiasm would to a large extent determine how much you are able to contribute to the life of the Department through your involvement in the programme
2. Some level of rigour and assumptions regarding some minimum level of undergraduate exposure is to be expected in the handling of courses to be offered particularly in the compulsory courses. Given that incoming class is drawn from varying background, you would general1y be expected to be willing to work harder through extra remedial reading on their own to improve on their background.
3. While other courses can be audited at the undergraduate and may be dictated by needs and interests of each student, the 30 unit requirement for the M.Sc Programme has to be met from the list of courses being offered within the M.Sc. Programme, ECONS 701, 711, 712 ,713,751 and 752 are compulsory courses as well as the non-credit earning ECONS 702 and 799. These give a total of 21 units. In addition, each student is required to select courses from at least two areas of specialization up to a maximum of 15 units, giving a maximum work load of 36 units. There are seven of such areas this session.
4. The graduate seminar will not be a formal course as such, rather it is designed as a training ground on:
(a) how to keep abreast with developments in the literature and advances in the discipline:
(b) how, to engage in academic disputations, present research findings and benefit from exposure to one's peers:
(c) discovering and developing your research interests and topic for the M.Sc. project Report on on-going or completed graduate research.
5. Whatever the programme has to offer is essentially embodied in the participants within the programme and their interactions. Students are encouraged to discover and take interest in the research pursuits of lecturers of their choice especially for the purpose of selecting project, topics and assigning of supervisors. For those who are unable to make such a discovery. They of course would be arbitrarily assigned. The former makes for a productive working relationship.
6. Assignment to supervisors will be done at the beginning of the second semester for the
M.Sc. Project and fresh M.Phil/Ph.D. students and possibly a bit earlier for the
M. Phil/Ph.D. students who have just qualified for these programmes.
7. As usual we would expect each student to be involved in some teaching through grading or handling of tutorials and team invigilation as an integral part of the training and exposure involved in the programme.
DEPARTMENTAL REGULATION ON HIGHER ACADEMIC PROGRAMMES IN DEPARTMENT OF ECONOMICS.
The Economics Department is one of the founder Department of the Faculty of Social Sciences. It is the first Department of Economics in Nigeria. Its size has increased tremendously since inception.
Postgraduate Economics students (just like the undergraduate) are selected carefully. So that everyone admitted into the Department should be able to successfully complete the programme.
The Department currently runs three of academic programmes. These are:
- The 3-semester Master of Science (M.Sc.) programme.
- The Master of Philosophy (M.Phil.) programme; and
- The Doctor of Philosophy (Ph.D.) programme.
These programmes will now be discussed in greater details.
The following Departmental requirements seek to clarify general provisions in the Postgraduate school regulations as they affect the Department.
- Master of Science (M. Sc.)
This is one-calendar year full-time programme. The programme consist of courses and a project; the courses offered are listed in another section here. Each of the courses carries 3 units. (A full-time student is expected to register for a minimum of 12 units and a maximum of 36 units per session.) Some courses can be taken, with special permission from outside the Department. The compulsory courses for all students are: ECONS 711, 712, 713, 751, 752 and ECONS 701. Other courses are regarded as electives.
2. Evaluation of M. Sc. Candidates
- The minimum units for graduation shall be 30 units including the project. The average mark for the programme is based on grades score in all the courses taken including project. Examination grades in each course are recorded as percentage marks, and are interpreted as follows: (see general regulation 12)
- Candidates who, having satisfied all requirements for the calendar year of master’s may be recommended on the basis of their weighted average (W. A.) for:
- the award of a terminal masters (40-49% W. A.)
- registration for M. Phil (50-54% W. A.)
- Registration for Ph. D. (60% and above W. A.) in the case where a candidate ineligible (and also recommended) for conversion to M. Phil/Ph. D. he may:
- Opt to receive an M. Sc. As a terminal degree or
- Waive the right to the degree and proceed directly to candidacy for M. Phil.
- Candidates recommended for Ph. D automatically receives the M. Sc. Whether he wishes to continue or not.
3. Master of Philosophy (M. Phil)
The duration of the master of philosophy (M. Phil) programme is not normally less than four semesters form the first day of registration. However, period of study originally approved for one calendar year (M.Sc) or a period of study for a higher degree of a recognized institution may be accepted (on strong recommendation of the Department and the faculty and with the approval of the postgraduate school.) as an equivalent part of the period of study for degree of M. Phil. In no circumstances, however, shall a period exceeding twelve calendar months s waived for such a candidate.
An M.Phil candidate is expected to take some 700 level course. These are basically reading courses which are examined by term papers only. The maximum requirement (in the case of such courses) is 6 unit while the minimum is 3 units. This program can be done on part time basis.
Doctor of Philosophy (Ph. D)
The Ph.D programme shall normally be not less than 6 semesters from the first date of registration. Also, for this programme, a period of study originally approved for the M.Sc. or for the M.Phil. or a period of study for higher degree of a recognized institution (on the strong recommendation of the Postgraduate School) may be accepted as satisfying a specified part of the period of study for the Ph.D. in no circumstances, however, maybe a period exceeding 12 calendar months be waived for a candidate.
A Ph. D. programme is essentially a research programme, and, as such, can be done on part-time basis.
- Duration of M. Sc./M.Phil /Ph.D.
- Going by our experience, part-time registration within the M.Sc. programme is being discouraged. Course duration will be for a minimum of 3 semesters registration at the end of which the registration lapses.
- M.Phil: This would be over a minimum period of four semesters full time registration and a maximum period half the maximum period allowed for the Ph.D. According to the existing regulations, maximum period allowed for Ph.D. registration or an equivalent period pro-rata for a combination of part- time and full time registration. Part time registrations is to be allowed only after the first four semesters, (if the student is yet to meet the degree requirement), after which the student can extend his registration for a maximum of two semesters of full time studies or four semester of part time studies.
- Evaluation of M.Phil/Ph.D. Studies
(i) There will no longer be automatic change of registration from M.Sc. to
Ph.D merely on the basis of obtaining a weighted average of 60% and above at the M.Sc. exam. Change of registration will be based on recommendation of thesis committee earliest at the end of the third semester of registration for the M.Sc. Failing to satisfy this requirement the registration becomes effective for M.Phil only.
- In effect for operational purpose the four way classification in regulation is reduced to a three way classification of successful M.Sc. students at the end of two semesters of full time studies into terminal M.Sc., M.Phil /Ph.D.