If you have already decided on Business Economics as the course you want to study in the University, then you will need to choose the approved JAMB Subject Combination for Business Economics. Aside from that, there are also other requirements to meet depending on whether you are an O’Level (WAEC, NECO, and NABTEB) or Direct Entry (DE) Student.
The course is not a popular one but it is a good choice and its study can lead to loads of opportunities after your graduation. If you are totally in, carefully go through this post to know more about the course and other requirements.
What is Business Economics?
Business economics involves the practical application of economic principles, and also the utilization of theories to examine how businesses make decisions and function. In simple terms, the use of economic principles and tools to make business decisions which in turn help to achieve the overall goals of the business.
Why Study Business Economics as a Course?
Business Economics is a very good course that any student will be proud to study. As a student of the course, you will learn ways you can make business better with the aid of economics theories and tools. You will be a master at setting the right price using different variables, and also learn how to allocate resources to contribute your own quota to the strategic goals of the company.
Additionally, business economics can be used to conduct market research and market get insight into consumer behavior. The information can be used to make better decisions, especially in the area of marketing strategy, customers to target, and plans for new markets.
Note: Please be aware that the requirements listed below may vary in some schools. In such cases, it is recommended to refer to the PDF version of the JAMB Brochure for accurate information.
O’Level Requirements to Study Business Economics
To study Business Economics at the University, you will need to have obtained Five (5) SSCE credit passes, including English Language, Mathematics, and Economics, plus any two (2) of Accounting, Business Methods, Commerce, Government, Geography, and Statistics at one or two sittings (WAEC, NECO or NABTEB)
Direct Entry Requirements to Study Business Economics
- Two (2) ‘A’ level passes chosen from Economics, Accounts, Business Management, Government, Geography or Statistics.
- National Diploma (ND) or Higher National Diploma (HND) in relevant programmes with either an upper or lower credit respectively.
Jamb Subject Combination for Business Economics
- English
- Mathematics
- Economics
- Any other subject
Universities that Offer Business Economics
- AUN: American University of Nigeria (Yola, Adamawa State, Nigeria)
FREQUENTLY ASKED QUESTIONS
Is Business Economics a Commercial or Art course?
Business Economics is basically a commercial course. In most Nigerian Universities, it falls under the Faculty of Administration. However, it can still be studied by an Art Student but it will largely depend on the subjects taken in the SSCE.
Can Science Students Study Business Economics?
Science students who want to make a change will be able to study Business Economics. However, This will depend on whether they meet the subject requirements in their SSCE.
What Jobs can I apply for after studying Business Economics?
A degree in Business Economics can open up various career paths for you. Careers you can pursue with this degree are Human resources coordinator, Financial planner, Account executive, Sales Consultant, Economic consultant, Investment analyst, Investment banker, Research analyst, Accountant, etc.
How many years does it take to Study Business Economics?
It takes a minimum of 4 years to earn a degree in Business Economics. However, if you are a direct entry student, this should take at least 3 years since you are more likely to start from the 200 Level.
What is the cut-off mark for Business Economics?
Students who score at least a minimum of 140 in the JAMB UTME are eligible to participate in the POST UTME as part of the requirements for applying to study Business Economics in their chosen universities.
Note: Note that the conditions mentioned above might differ in some universities. In such instances, it is advisable to check the PDF version of the JAMB Brochure for precise details. You can also access Jamb Subject Combination for other courses.
