1 What is Economics?
Economics is the study of how people make choices when faced with limited resources and various ways to use them. Many usually believe economics is all about money which is not true, Economics is about taking a deep study of different choices to make a better judgment., how production takes place, how people react, and how to get the most value.
2 Why Study Economics as a Course?
Studying economics can equip you with the basics to interpret graphs and crucial financial information, and provide the tools to formulate effective business strategies but that is not only that. you will learn how to use information at your disposal to make better decisions for business.
It is also a way to learn how to understand how consumers react and the maximum amount they might be willing to pay for goods or services. The study will also help you assess situations and make the best economic decision for your establishment.
Exploring economics introduces you to a rich vocabulary, expanding not only your language skills but also deepening your understanding of market dynamics.
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.
3 O’Level Requirements to Study Economics
Faculty of Administration
Students need to have good grades in their SSCE, specifically earning five credit passes. These should include English Language, Mathematics, Economics, and two additional subjects from either Arts or Social Sciences in at least two sittings. Some schools only accept one SSCE (WAEC, NECO, and NABTEB) Sitting.
Faculty of Arts and Humanities
To pursue a program in Economics under the Faculty of Arts and Humanities, you need five SSCE (Senior School Certificate Examination) credit passes. These should include English Language, Mathematics, and Economics. Additionally, you need at least two other relevant subjects from Commerce, Government, and Accounting. Meeting these requirements is essential for admission into an Economics program at the university level.
Faculty of Social and Management Science
To study Economics at a university in Nigeria, you need to have five SSCE credit passes. These must include English Language, Mathematics, and Economics. Additionally, you should have two more credit passes in subjects from either the Arts or Social Sciences.
7 FREQUENTLY ASKED QUESTIONS
Is Economics a Commercial or Art course?
Economics is more of a social science than a commercial or arts course. In most Nigerian Universities, it falls under the Faculty of Administration, Arts and Social Science. 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 Economics?
Science students who want to make a change will be able to study Economics. However, This will depend on whether they meet the subject requirements in their SSCE.
What Jobs can I apply for after studying Economics?
A degree in Economics can open up various career paths for you. The positions or jobs graduates of economics will be able to apply for include but are not limited to Economist, Financial Analyst, Economic Consultant, Policy Analyst, Data Analyst, Investment Analyst, Market Research Analyst, Statistician, Actuary, Budget Analyst, Economic Development Specialist, Risk Analyst, Business Analyst, Financial Planner, Economic Reporter, and International Trade Specialist.
How many years does it take to Study Economics?
It takes a minimum of 4 years to earn a degree in 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 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 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.