Brief History about the Department of Economics
The Department of Economics was a foundation department of the University since its inception in 1982. The Department was facilitated when Prof. Olusegun Areola became the Dean of the Faculty of the Social Sciences and 16 students were the 1st set of admitted students in February 1983. Dr A. I. Ayodele was the Pioneer staff of Department and was later joined by Mr (now Prof.) E. O. Ogunleye. Initial academic programme of the unit were developed by the duo of Prof. Adamu and Ajai (from University of Ibadan) and Prof. Fajana (Lagos). The Current HOD is Dr T. Owoeye.
Since inception of the Department, the following academic staff have served as Head of Department
Dr Ayo Fajehinsin
1997 – 2001
Dr S. A. Olaiya
August 2001 – July 2005
Dr E. O. Ogunleye
August 2005 – July 2007
Dr A. A. Awe
August 2007 – July 7, 2009
Dr E. O. Ogunleye
August 2009 – July 2011
Dr A. A. Awe
August 2011 – July 2012
Prof. E. O. Ogunleye
August 2012 – July 2014
Dr R. K. Ayeni
August 2014 – July 2016
Dr T. Owoeye
August 2016 – July 2018
Dr S. Ogunsakin
August 2018 – July 2020
Dr T. Owoeye
August 2020 till date
The philosophy of the Department derives from the philosophy of the University set to achieve effective application of higher education to develop the economy and solve the problems of economic development in the state, the nation and world at large. The Department provides high standard educational programme through seminars, field work and projects that cut across the spectrum of the Social Sciences towards turning our students into articulate and skilled professionals.
Objectives and Mission Statement
- Equip our graduate with sound and relevant knowledge of economics that would prepare them to cope with challenges in developing nations like Nigeria and to contribute effectively to its overall development.
- Instill in our graduates the ability to apply basic knowledge of the economics to solve economic problems
- Involve students in an intellectually stimulating and satisfying experience of learning that could lead to the acquiring of the skills and principles in the various spheres of the Social Sciences and their applications in solving State and National problems.
- Provide the opportunity for students to become familiar with the different area of specialization in the Social Sciences.
- Develop in our graduates useful competencies in public, private, global or self-employment, and
- Equip our graduates with the skills required for further studies in any desired area of specialization
Mission Statement of the Department
To equip our graduate with sound and relevant knowledge of economics that would prepare them to cope with challenges in developing nations
General Services and Academic Programmes
The Department of Economics runs a three year and four-year B.Sc Degree Programme with various specialization including Development Economics, Industrial Economics, Monetary Economics, Public Finance, International Economics, Operations Research, Health Economics, etc. In line with the National University Commission (N.U.C.), minimum academic standards in B.Sc. Economics the courses in the undergraduate degree programme have recently been restructured. New courses such as Labour Economics, Managerial Economics, Public Sector Economics, Production Economics and Petroleum Economics, have been introduced. Statistical Eonomics, History of Economic Thought, mathematical Economics and Industrial Economics have been broadened to run for more than a semester. In line with the NUC minimum standards, students have options of taking elective courses both with and outside the Department. The Department also run three post-graduate programmes namely, M.Sc (Economics) M.Phil/Ph.D (Economics) and Ph.D (Economics) with specializations in various areas of Economics.
Personnel Administration of the Department Comprises
i Department Board of Studies: Consisting of H.O.D., Level Coordinators, Examination Officer, Tutorial coordinators and Seminars Coordinators.
ii(a) Department Board of Examiner comprising H.O.D. and all Teaching staff
b Staff in the Department especially academics, are involved in decision making process through regular departmental meeting. Committees are put in place and their reports are considered at the departmental meetings. Staffs are assigned as Level Co- ordinators, Seminars Co-ordinators, students Adviser and Secretary.
c On the issue of policy and practice on staff development, staffs are given opportunity of applying for university sponsorship to pursue higher degree progamme as well as attending conferences, seminars and workshops. Also, members of our staff are being sponsored to conferences at regular interval.
d Staff Promotion: Annual review exercise is carried out to determine staff qualified for promotion as laid down in the University guidelines for appointments and promotions.
- Academic grievances are handled by level coordinators whose reports are considered at the Department Board of Examiners.
- Academic coordinators are assigned per level and coordinators handle the computation of results as well as complaints concerning academic matters.
Courses handlers (Lecturers) provide questions which are thereafter moderated internally by senior academic colleagues before they are finally sent out to external moderator of final year moderation. After the examination and marking of scripts, the results, the answer scripts, and the marking guide are again sent to external moderator before the results are published and communicated to the students.
For academic standard, members of staff employed to handle course are those who are specialists in the particular areas which are directly relevant to the programme.
i Staff maintain adequate contact hour with the students
ii Seminars are organized periodically in the department.
iii Conferences are organized periodically in the Faculty.