In the 1999/2000 session the Faculty of Management and Social Science was established in Ebonyi State University. Economics was one of the Departments of the Faculty. However, by 2007 the department joined the newly created Faculty of Social Sciences. Economics Department has remained autonomous since the inception of the Faculty and designed to produce graduates who will occupy responsible positions in all fields where sound knowledge of Economics is most needed. To prepare students adequately for the challenge out of classroom work environment teaching of the course has been designed to include theoretical, quantitative and in depth computer knowledge. The development of the programmes of the Department is a continuous one though being guided by the NUC approved Minimum Academic Standards for the course.
The central problem of the world right from the medieval period to this present time is the allocation of mans limited resources in such a way as to satisfy the unlimited wants of man. This led to rigorous study of mans behavior in relation to his attempt to find a rational solution to this problem. Economics is a discipline which is concerned with this study and it therefore, focuses on the problem of allocation of scarce resources and individual cum government action towards solving this problem as its subject matter using both theoretical and empirical economics principles. Much attention should be given to this course of study as it embraces all human endeavours.
Therefore the philosophy and mission statement underlying the programmes is to produce graduates equipped with critical skills and abilities to abstract using simplified models that identify the essence of a problem; analyze and reason - both deductively and inductively; marshal evidence, assimilate structure and analyze qualitative and quantitative data; communicate concisely the results to a wide public, including those with no training in Economics; think critically within the limits of one's analysis in a broader socio-economic context: make economic policy inferences and recognise the potential constraints in their implementation.
It is the aim of this Department of produce graduates of rational thinking in economics who would be able, at the completion of their studies to assume responsible positions in the various fields where sound knowledge of economics is required.
Quantitative analysis is of paramount importance in the study of this course. This is to make the students become rational and functional economic analysts on graduation. Hence the main objectives of the programme are to:
Provide training in the principles of economics
Stimulate students intellectually through the study of economics leading them to appreciate its application to a range of problems and its relevance in a variety of contexts;
Provide a firm foundation of knowledge about the world economy and to develop the relevant skills for the use of that knowledge in a range of settings;
Develop in students the ability to apply the analytical knowledge and skills acquired to the solution of economic problems,
Equip students with appropriate tools of analysis to tackle problems of economic policy;
Develop in students, through the study of economics, transferable skills that will be of value in employee employment;
Provide students with analytical skills, the ability and simplified frameworks for studying the real world
Provide students with the knowledge and skill base, from which they can proceed to further studies in Economics, related or inter-disciplinary areas that involve Economics; and
Generate in students an appreciation of the economic dimensions of wider social and political issues.
Candidates for admission into the four - year degree in Economics should possess a Senior Secondary School Certificate, General Certificate of Education, NECO or their equivalents with at least five credit passes, at not more than two sittings including Mathematics, English Language and Economics. In addition, candidates must have acceptable passes in UME.
Candidates for Direct Entry admission shall possess five Credits in GCE, SSCE, NECO, or their equivalents, of which at least two shall be at Advanced Level, provided that such passes are not counted at both levels of the examination. For emphasis, credit passes in English Language, Mathematics and Economics are required.