Academic Programmes

  1. B. Sc. Degree in Economics
  2. M. Sc. Degree in Economics
  3. M. Phil./Ph. D. in Economics
  4. Ph. D. Degree in Economics




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 a 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 theories 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.


General Information

Objectives of the Degree Programme:


  • Provide training in the principles of economics and their right application to economic issues;
  • Motivate students intellectually through the study of economics with a view to appreciating the knowledge of economics and its application to a range of real life economic problems;
  • Equip students with appropriate tools of analysis to address issues and problems of economic policy; and
  • Provide students with analytical skills and the ability to develop simplified frameworks for studying the real world.




There are two modes of admission into the Department. One is through passing examination administered by the Joint Admission and Matriculation Board (JAMB). The other is through the window of Direct Entry managed by the same JAMB.


All modes of admission require 5 ‘O’ level subjects at one sitting or 6 ‘O’ level subjects at 2 sittings to include English Language, Mathematics, Economics and any two / three of Arts, Social Sciences or Science.





I.          Unified Tertiary Matriculation Examination (UTME) Entry

The subjects that must be taken in the UTME administered by JAMB include English Language, Economics, Mathematics and any of Government, History, Geography, Lit-In-English, Christian Religion Knowledge/Islamic Religion Knowledge.


II.         Direct Entry

Direct Entry Admission requires Two Advanced Level passes in Economics and any one of Mathematics, Statistics, Geography, Physics, Government, History, Chemistry and Agricultural Science. Again, the Department accepts University of Ibadan Diploma in Statistics with two-year working experience provided the candidate has O/L Credits (or equivalent) in five subjects including English, Mathematics and Economics



1.         A four – year programme of course shall be provided leading to the degree of Bachelor of Science to be denoted by the letter B.Sc.., which may be awarded with Honours or as a pass Degree in Geography.

2.         Instruction in the Department shall be by courses and students will be required to take an approved combination of courses which Senate, on the recommendation of the Faculty Board of Science and The Social Sciences, may from time to time determine.

3.         Courses shall be evaluated in terms of course units. One course unit shall be defined as one lecture contact hour per week, or three one-hour laboratory of practical classes per week throughout a semester.

4.         There shall be four levels of courses: numbered 101-199, 201-299, 301-399 and 399-499. Course numbers shall be prefixed by a three-character subject code. Determination of the class of degree shall be based on performance at all levels.

5.         In addition, the General Studies Programme is a compulsory requirement that must be satisfied by all students of the university.

6.         All students in the Faculty of The Social Sciences and who were admitted through Unified Tertiary Matriculation Examination (UTME) are expected to register for GES 101, GES 107 and GES 108 in the first year of their degree programme, GES 201, GES 104, GES 106 in the second year and GES 301 and 105 in the third year.

7.         All students in the Faculty of The Social Sciences and admitted through Direct Entry (DE) are expected to register for four GES courses in a session (i.e. GES 101, GES 107, GES 108, GES 104) in their first year in the university and GES 201, GES 106, GES 301 and GES 105 in their second year in the university.

8.         All Students in the Faculty of Science and admitted through Unified Tertiary Matriculation Examination (UTME) are to register for three GES courses in a session (i.e. GES 101, GES 107, GES 108 in the first year of their degree programme, GES 201, GES 106, GES 102 in the second year, GES 301 and GES 103 in the third year.

9.         All students in the Faculty of Science and admitted through Direct Entry (DE) are expected to register for four GES courses in a session (i.e. GES 101, GES 107, GES 108, GES 102) in their first year, and GES 301, GES 106, GES 201 and GES 103 in their second year.

10.        Appropriate prerequisites and/or concurrent requirements may be prescribed for courses. A prerequisite’s requirement is fulfilled by completing and passing the prerequisites; except that student who fails a course but obtains at least a specific minimum standard of 30% in it shall be deemed to possess the course for prerequisites purposes but will not be credited with any units in it, prerequisites courses may also be waived for suitably qualified candidates by senate on the recommendation of the Faculty Board. The concurrent requirement will be satisfied if the student has either taken the course on a previous occasion or registers for the course within the same session.

11.        To earn a degree, all compulsory courses must be taken and passed.

12.        (a)        All courses taught during each semester shall be examined at the end of that semester, and candidates will be credited with the number of course units assigned to the course which they have passed.

(b)        In addition, the total number of units taken with the grades obtained in each course shall also be recorded for the purpose of computing the Cumulative Grade Point Average (CGPA).

13.        Continuous assessment may be regarded as part of course examinations, but marks scored through continuous assessment shall not constitute more than 30% (40 % effective from 2016/2017 session) of full marks for the course for.

14.        The approved period of study for the award of the degree shall not normally be less than Eight semesters.

15.        No student may normally offer less than 15 course units (20 effective from 2016/2017 session) in any one semester.

16.        (i)         The weighted grade point shall be used for determination of the class of degree.

            (ii)        The Cumulative Grade Point Average System shall be used for the determination of the class of degree.

            (iii)       The minimum number of course units for the award of a degree shall be 120 units.

            (iv)       An honours degree in a discipline shall be awarded only if the candidate meets the requirements stipulated by the respective Faculty under which the candidate is admitted.  

17.        For the award of a pass degree, the candidate must obtain 120 course units and also pass all compulsory courses specified by the department.

18.        A student who has taken more than one academic year in excess of the approved minimum period of the study to complete a degree programme shall not normally be eligible for an honours classification.

19.        The maximum period for an Honours degree shall be 10 semesters.

20.        The maximum period for a pass degree shall be 14 semesters.

21.        A student shall normally be warned or required to withdraw from the Faculty if he/she fails to achieve the minimum standard stated below:

First year - Candidates with less than 21 units to get a warning.

Candidates with less than 15 units are to be asked to withdraw.

Second year -    Candidate with less than 45 units to get a warning.

Candidates with less than 30 units are to be asked to withdraw.

Third year - Candidate with less than 60 units to get a warning.

Candidates with less than 45 units are to be asked to withdraw.

22.        The list of successful candidates for the degree will be published with the following classifications: First Class Honours, Second Class Honours, (upper and lower division), Third Class Honours and Pass, with the names in each arranged alphabetically.

23.        (a)        Grade to be used for students who satisfactorily complete the work of a course by the end of the semester are:

     Letter Grade                       Grade point                              Marks (% )

A                                              7                                  70 and above

A-                                            6                                  65-69

B+                                            5                                  60-64

B                                              4                                  55-59

B-                                             3                                  50-54

C                                              2                                  45-49

C                                              1                                  40-44

D                                              0                                  0-39

            (b)        The class of the degree of a student who has satisfactorily completed his course of studies shall be determined as follows:

                        Cumulative Grade Point Average and Remarks

                        6.0 and above    First Class Honours

                        4.6 - 5.9                        Second Class Honours (Upper Division)

                        2.6 - 4.5                        Second Class Honours (Lower Division)

                        1.6 – 2.5           Third Class Honours

                        1.0 – 1.5           Pass

            (c)        In order to obtain the Cumulative Grade Point Average of a candidate, the appropriate index (grade point) assigned to each range of numerical mark is multiplied by the course units and the product is added up to give the total weighted grade point. This total is divided by the total number of course units taken (passed or failed).

            (d)        The CGPA shall be expressed to one decimal place only.



The implementation of the new 4-Point Grading System commenced in 2016/2017 session. The minimum Units to be registered for and passed by students at each level, and the change in the status of GES Courses in the University under the new system are as follows:

6.1 The average minimum units at each level should be 40 units


6.2 The minimum units to be passed at each level by students in order to proceed to the next level should be 60% of 40 units (24 units).


6.3 All GES courses with the exception of the “Use of English I & II (GES 101 and 201)”, should be made to acquire the status of REQUIRED COURSES.


The implication of the above is that the recommended Average Minimum Units expected of the students to take/register for is 40 units for the new intakes i.e. 100 Level as against the old 30 units.  Consequently, the regulations guiding withdrawal of students in the University are as follows: 


6.4 At the end of the first year (100 Level), a student who has passed less than 24 units should be asked to withdraw from the university.


6.5 At the end of second year (200 Level), a student who has passed less than 48 units (cumulative) should be asked to withdraw from the university.


6.6 At the end of third year (300 Level), a student who has passed less than 72 units (cumulative) should be asked to withdraw from the university.


  1. The CGPA at each level should not be less than 1.0


A student with a minimum of 24 units but less than 1.0 after the First Year should be warned


Grade to be used for students who satisfactorily complete the work of a course by the end of the semester are:

Letter Grade                Marks (% )                        Grade point

A                                  (70 and above)                       4


B                                             (60 -69)                             3


C                                             (50- 59)                             2


D                                             (45-49)                              1


E                                              (40-44)                             0


The class of the degree of students who have satisfactorily completed their course of studies shall be determined as follows:

                        Cumulative Grade Point Average and Remarks

                        3.5 – 4.0                       First Class Honours

                        3.0 – 3.49                      Second Class Honours (Upper Division)

                        2.0 – 2.99                      Second Class Honours (Lower Division)

                        1.0 – 1.99                      Third Class Honours


Students with less than 1.0 CGPA shall not be awarded a degree



Registration for courses shall be completed before the end of the third week of the first semester. Add and delete processes must be completed within six weeks of the commencement of second semester lectures.


General Studies Programme

All students shall register for and pass 9 units (16 units effective from 2017/2018 session). All undergraduate students are advised to take the GES Courses seriously – in view of their significance and implications for the purposes of graduating. No student may graduate from the University without passing ALL the relevant GES courses.


While no student may take more than 9 units (16 units effective from 2017/2018 session) of GES in any one session, it is strongly suggested that students should complete their GES courses by the end of their penultimate year in the University (i.e. the session preceding their year of graduation).


CGPA Ranges for Classification of Result (applicable to current (2018/2019) 400L students only


100 level           ≤          1.0 and passed at least 15 units.

200 level           ≥          1.0 and pass at least 30 cumulative units

300 level           ≤          1.0 and passed at least 45 cumulative units

400 level           ≥          1.0 and passed at least 60 cumulative units.



100 level           <          1.0 but passed at least 15 units

200 level           <          1.0 but passed at least 30 cumulative units

300 level           <          1.0 but passed at least 45 cumulative units

400 level           <          1.0 but passed at least 60 cumulative units



100 level           <          15 units.

200 level           <          30 cumulative units

300 level           <          45 cumulative units

400 level           <          60 cumulative units.      

The cumulative units passed shall determine whether or not a student is to withdraw from the University.


That a student:

(i)         With a C.G.P.A. of less than 1.0 after each level should be warned.

(ii)        Who has earned two warnings consecutively should be required to withdraw from the University.


100 level:     At the end of the first year, a student with a CGPA of less than 1.0 and who has passed less than 20units should be asked to withdraw from the University.

200 level:     At the end of the second year, a student who has passed less than 45 units (cumulative) should be asked to withdraw from the University.

300 level:     At the end of the third year, a student who has passed less than 70 units (cumulative) should be asked to withdraw from the University.


The C. G. P. A. at each level should not be less than 1.0 



The following terminologies shall be used:

(i)         Compulsory Courses

Courses specified by a department, which a student must take, and pass.

(ii)        Required Courses

These shall mean those specified courses with a department, which a student must take but not necessarily pass. A minimum mark of 30% is needed to satisfy this requirement.


(iii)       Elective Courses

These shall mean course from which a student can choose in order to make up the required additional units for the award of degree.


(iv)       University Courses - General Studies (GES) Courses

It should be said unequivocally that no student may graduate from the University without passing ALL relevant GES courses.


(v)        Faculty- wide Course FSS 204

FSS 204: Statistics in the Social Sciences is a faculty course and is compulsory for all students in the Faculty of the Social Sciences.  As the title suggests the course is concerned with the fundamentals of statistics in the Social Sciences

All students who wish to take courses in Economics are strongly advised to familiarize 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.


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 abilityto 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. 711.713,751 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 arlier 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.





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:


  1. the 3-semester Master of Science (M.Sc..) programme.
  2. The Master of Philosophy (M.Phil.) programme; and
  3. 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.


  1. 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.


  1. Evaluation of M. Sc. Candidates
  1. 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)
  2. 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:
  1. the award of a terminal masters (40-49% W. A.)
  2. registration for M. Phil (50-54% W. A.)
  3. 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:
    1. Opt to receive an M. Sc. As a terminal degree or
    2. Waive the right to the degree and proceed directly to candidacy for M. Phil.
    3. 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.


Doctors 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.


  1. Duration of M. Sc./M.Phil /Ph.D..
    1. 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.
    2. 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.


  1. 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.


  1. 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..






In many respects, the last two decades have been momentous at the University of Ibadan. Without much exaggeration, the protracted and multi-faceted problems facing the university in general and the Department of Economics in particular have combined to severely erode the credibility of our claim to being a global centre of academic excellence that continues to produce well-trained Ph.D. graduates for which it was well known in the first half of its history as an institution. The key challenge is how to re-establish and sustain a robust programme of doctoral training that would support the much-desired world class academic standards in this 21st century. Clearly, the current state of events presents the Department with a set of challenges in re-establishing its position in the upper tier of the global knowledge community in Economics. 


The search for innovative ideas and options concerning the upgrading our Ph.D. programme has become imperative as the university seeks for new strategic directions in its quest to be re-established as a world class citadel of learning through its new Vision and Mission Document.


In the search for new strategic directions and the re-engineering that UI and the Department require a number of important changes must take place and imaginative responses to existing problems militating against quality assurance are required. A complete overhaul of our current Ph.D. programme, which has been in place for more than 20 years, is a sine qua non in the quest to be globally competitive. The training of well-educated doctoral graduates globally has changed to incorporate taught courses at the Ph.D. level. For our graduates to be globally competitive we need to give them first class training that would situate them comfortably in this highly competitive and dynamic world. 


The changes contained in this proposal which involves the department’s participation in the Collaborative Ph.D. in economics programme are likely to yield three broad expectations. First, the Department would become not just the best in Africa, but also one able to compare and compete favourably with any other in the world of learning and research in economics. Second, it is envisaged that the products of our re-engineered Ph.D. programme will be of such high qualities that they will always have a competitive edge in the new knowledge-based global economy. Third, the department will thus become the first choice university for post-graduate studies not just for Nigerian and African students, but for students from Asia, Europe, the Americas, and Oceania. This is not a heroic ambition by any means: UI was already approaching this status between the second half of the 1960s and the 1970s.


The achievement of these laudable objectives demands a radical change in our approach to Ph.D. training. The purpose of this proposal is to set out the desired changes in our programme that will facilitate the realization of these goals.


The changes we are proposing for the consideration of the PG Board is contextualized in a new and innovative Collaborative Ph.D. Degree Programme in Economics, a recent innovation in support of higher education in Africa supported by a number of international donor agencies under the umbrella of the African Economic Consortium AERC based in Nairobi, Kenya.  The programme is expected to begin at four universities, namely, University of Cape Town  for the Southern Africa region, University of Dar es Salaam for Eastern Africa, University of Ibadan for English-speaking West Africa and University of Yaounde II for Francophone Africa. The Collaborative Ph.D. Degree Programme in Economics will allow several world class academics from other parts of the world to visit the Department to teach, conduct joint research with our staff and give seminars.


2          OBJECTIVES


The objective of the programme is to further strengthen teaching and research capacity in sub-Saharan Africa (SSA) countries, increase the pool of potential researchers and policy analysts, and reduce the need for African countries to purchase training abroad when services of comparable quality can be provided at home at reasonable cost.  The programme will integrate theory, tools and African applications into academic teaching, ensuring that the theory is firmly grounded on the empirical side and relevant to the African context.


It will support a PhD programme that maximizes both quality and relevance. Its distinguishing feature will be the integration of theory, tools and African applications in the academic programme. The programme will include a high level of theory grounded in African empirical realities. The Programme will be implemented along a collaborative framework with degree awarding institutions selected competitively but distributed equitably along regional lines.


The Programme will facilitate the gradual build up of a community of African scholars who have the expertise and the vocation to identify relevant research issues and provide leadership in addressing them. The Programme will invigorate our Ph.D. programme and enable us to take advantage of other opportunities to rebuild our teaching and research capacities.





Entry into the Collaborative Ph.D.. Programme shall be on a competitive basis.  The criteria for admitting students to the Programme will include the following: An applicant must have a good first degree in Economics or a related field -- a first class or upper second class degree, or equivalent.

  1. The degree must be from a recognised university.
  2. The applicant must also have a good Master's degree in Economics (with a course work component) from a recognised institution.
  3. Eligible candidates shall be required to take a Selection Test and attend an Oral Examination both of which shall be conducted by the Department of Economics of the University of Ibadan. Possession of other qualifications such as the Graduate Record Examination (GRE) scores in Economics and literary and mathematical aptitude tests shall be added advantages.
  4. Evidence of attachment to, or sponsorship by, an institution in Sub-Saharan Africa engaged in economic management, research, and/or training in the public sector in the region.



The programme is a four-year post-M.Sc.. Programme that makes maximum use of international and African experts assembled periodically to interact with the students. The innovative part of the Programme is the introduction of course work in PhD training, which will be a significant improvement over our current PhD programme. This is followed by a post-field work seminar at the end of the third year and ends with a final dissertation workshop in the fourth and final year. These structured and results-oriented interactions should be adequate for eliminating such deficiencies as lack of course work, poor thesis supervision and isolation from the rapidly unfolding developments in the economics discipline that have plagued local doctoral training in Africa. At the same time, this model would enable students to benefit from exposure to international experts without losing the African experience.




There are three components of the new programme. The first is an intensive course work whose primary aim is to push the students further toward the contemporary intellectual frontiers of knowledge through a series of intensive courses taught by African scholars and leading international experts. This would be followed by the students preparing for and taking the comprehensive examinations. Thereafter the students will be involved with thesis research, fieldwork, and data gathering and analysis under the primary guidance of their departmental supervisors. This process will end with a post-fieldwork seminar to enable students to present preliminary results of their research. Provision will also be made for students to present research findings at major international conferences and to learn from them about new theoretical and methodological developments and important ongoing policy concerns, to enrich and broaden further their research interests.


The Programme seeks to complement existing doctoral programmes rather than to provide a substitute. Entering PhD students will have completed master's level course work in the following three core courses: Microeconomic Theory, Macroeconomic Theory and Quantitative Methods.


Three Workshops will be organized to assist students during their research phase.  The Workshops are:


  1. Research Proposal Workshop:  This will be at the end of the second year (in June).  The students will be required to present and defend before a panel of experts as well as their fellow students their Ph.D.. Research Proposals. 


  1. Post-Field Work Workshop:  This will take place in June, at the end of the third year.  Students will be required to present preliminary results of their research before a panel of experts and their fellow students as in the first Workshop.


  1. Workshop on Draft Theses:  At the end of the first half of the fourth year (in December), the third Workshop will be held.  Students will present their draft Ph.D.. theses before a similar audience.  This will be the final input by outsiders into the students' research, just before the students defend the theses.



3.1       Summary of Programme Tasks


Table 1 presents a summary of the main Programme tasks over each of the four academic years. In the first year, 40 weeks are devoted to the teaching of core courses. Most of the 40 weeks of the second year are devoted to the intensive teaching of elective courses, preparation for the comprehensive examinations and research associated with the development of a research proposal. Thereafter, students will attend  a thesis proposal workshop at the end of the second year.


In the third year, 28 (of the 40) weeks will be taken up by fieldwork and data gathering and seven weeks of analysis. Up to four weeks will be devoted to the write-up of a paper containing the preliminary thesis results and one week is spent at the post-field work seminar.


In the fourth and final year, 24 (of the 40) weeks will be devoted to further analysis of research materials, which will end up first as a draft thesis whose main elements are written up for presentation during the one-week dissertation workshop. Then further refinements are expected to transform this into a finalized thesis to be defended at the end of the year.


Table 1: Programme tasks in weeks (wks)






















Course Work

- Core courses

- Elective courses

- Comprehensive exams























- Thesis proposal

- Field work

- Analysis























- Proposal

- Post field work paper

- Draft of thesis

- Dissertation seminar paper

- Thesis finalization and defense































- Thesis proposal

- Post field work

- Dissertation

































It should be noted that not all students would proceed with the programme at the same pace. Some may complete the programme earlier than the four years provided, while others may take a little longer. For budgeting purposes, we have assumed that all students complete the programme within the four years provided.




Examinations shall be conducted in accordance with existing regulations of the Postgraduate School, University of Ibadan. To qualify for the award of Ph.D. the following conditions must be fulfilled. After successfully completing the SIX (6) core courses and any combination of two sets of elective courses (for a total of 4 elective courses), each student will sit comprehensive examinations in four areas (Microeconomics, Macroeconomics, and two elective fields). The student will proceed to the thesis stage (to register for ECON 699) only after successfully completing the comprehensive examinations. In addition the student must satisfy all other postgraduate school regulations governing the award of the Ph.D. degree.



4.4.1   Core Courses:


ECON 801:    Microeconomics I

ECON 802:    Microeconomics II

ECON 805:    Macroeconomics I

ECON 806:    Macroeconomics II

ECON 811:    Quantitative Methods I

ECON 812:    Quantitative Methods II



  1. Elective Courses


ECON 816:    Agricultural Economics I

ECON 817:    Agricultural Economics II

ECON 821:    Industrial Economics I

ECON 822:    Industrial Economics II

ECON 826:    Labour Economics I

ECON 827:    Labour Economics II

ECON 831:    Health Economics I

ECON 832:    Health Economics II

ECON 836:    Environmental Economics I

ECON 837:    Environmental Economics II

ECON 841:    Monetary Economics I

ECON 842:    Monetary Economics II

ECON 846:    Public Sector Economics I

ECON 847:    Public Sector Economics II

ECON 851:    International Economics I

ECON 852:    International Economics II

ECON 856:    Development Economics I

ECON 857:    Development Economics II

ECON 861:    Econometrics I

ECON 862:    Econometrics II



4.4.3 Thesis:


ECON 899:    Ph.D..  Thesis





As pointed out earlier, the Programme will consist of both a coursework component and a thesis. The detailed structure of the programme is as follows:


The courses specified above are full- year (two semester) courses; they will be taught over two semesters.





Course Code

Course Title/Contents (Course description/synopsis

ECO 801


Consumer Theory, Theory of Production and Supply, Game Theory, Theory of Markets, Economic Choice Under Uncertainty, Topics in Information Economics.

ECO 802


General Equilibrium Theory and Welfare, Theory of Social Choice, Market Failure, The Microeconomics of Households, New Institutional Economics.


ECO 805


A Review of Basic Macroeconomics Models, The Theory of Aggregate Consumption Behaviour, The theory of Investment, The Labour Market, Money and Financial Markets, Government sector, Fiscal Policy and the Government Budget Constraint, Inflation and Expectations.

ECO 806


Open Economy Macroeconomics, Theory and Application of Economic Growth Models, Stabilization and Adjustment Policies, Special Topics in Macroeconomics.


ECO 811



Set theory and Trigonometry, Linear Algebra,

Calculus: Static Optimisation; Dynamics:  Dynamic Optimisation.

ECO 812


Review of Basic Concepts in Econometrics, The Classical Linear Regression Model.


ECO 815


Theoretical and Empirical Issues, Supply Response, Agriculture Labour, Agriculture and Policy, Approaches to Policy Analysis, Structural Adjustment Programmes


ECO 817


Food Policy Analysis, The Role of Infrastructure and Rural Institutions, Poverty Alleviation and Role of Agriculture in Development.


ECO 821


Approaches to Industrial Economics, Role of Industry in Economic Development, Patterns of structural change and economic development,

Development of world industry and global trends in industrial structure, Development of industry and industrial structure in Africa, etc.


ECO 821


Industrial Policy and Industrialization Strategies,

Static and dynamic welfare implications under various market conditions, Impact of Poverty and the new Initiatives on Industrialization in Africa, etc.


ECO 826


Introduction, Labour Supply, Labour Demand, Equilibrium and Employment Determination, Economics of Labour Unions.


ECO 827


Stabilization and Structural Adjustment Programmes and Labour Markets in Africa, Unemployment and Underemployment, Employment Policies in Africa, Labour Migration, Income Distribution and Poverty, Special Topics in Labour Economics.


ECO 831


Introduction to the Economics of Health Care, Demand for Health and Health Care Services, Human Capital, The supply of health services, Structure of Selected Markets for Health Inputs and Services.


ECO 832


Political Economy Issues and Health Sector Reforms in Developing Countries, Health, poverty and economic growth



ECO 836


Environment and Development, Optimal Utilisation of Environmental Resources, Environmental Pollution.


ECO 837


The Valuation of Environmental Resources, Policy Options: Market Based Instruments, Integrated Management of Environmental Resources.


ECO 856


The meaning of development, Review of Approaches to the Study of Development, The Economics of Growth, Income Distribution, Poverty and Growth, The Economics of Population and Development, Agricultural stagnation, agrarian structures and the Green Revolution.


ECO 856


The meaning of development, Review of Approaches to the Study of Development, The Economics of Growth, Income Distribution, Poverty and Growth, The Economics of Population and Development, Agricultural stagnation, agrarian structures and the Green Revolution.


ECO 857


Advanced topics on Growth and Development, Rationalist (individual choice and household choice, The traditional Sector and Development, Population and Development, Public Economics, International Trade, The State and Economic Development, etc.


ECO 861


A Quick Survey of Tools used in Econometrics, Basic and Advanced Results for the classical Linear Regression (CLR) model, Relaxing some Assumptions of the CLR Model.



ECO 862


Topics in Applied Micro and Macro econometrics, Policy Modeling Application in African Countries.



ECO 899

Research Project (Thesis)




C = Compulsory

E = Elective