Department of Economics

Philosophy

The philosophy of Economics concerns itself with conceptual, methodological, and ethical issues that arise within the scientific discipline of economics. The primary focus is on issues of methodology and epistemology – The methods, concepts, and theory through which economists attempts to arrive at knowledge about economic process. Philosophy of economics is also concerned with the ways in which ethical values are involved in economic reasoning – the value of human welfare, social justice, and the tradeoffs among priorities that economic choices require.

Above all, the philosophy underlying the course of economics as a social science is to produce a flow of graduates imbued with an enthusiasm to make their contributions to Nigeria, Africa and World community by equipping themselves with a broad foundation of knowledge in the field of economics. The subject matter of economics is the study of mankind in everyday business of life (Afred Marshall, 1936) Economics has centered its attention on the activities of man as a consumer, producer, and distributor of goods and services and to an extent as a voter.

Build Your Future With Hezekiah Education

• VISION – In line with Hezekiah University, The vision of the department is based on achieving high standards of academic performance with good morals, to provide quality education to students, equip students with knowledge and skills in their chosen stream and to provide opportunities for students to realize their full potential and thus shape them into future leaders to address the emerging global challenges and to deal with economic, social and business realities.
• MISSION – The mission of the Department of Economics is based on imparting the highest quality instruction to our undergraduate and graduate students and to train students in the methods and ideas of modern theoretical and applied economics.
• AIM & OBJECTIVE – The main objective of Department of Economics is to produce graduates who are able to assist in the solution of societal problems. The specific objectives are to:

  1. Develop and improve students’ understanding of Economics at various stages of development.
  2. Develop the students’ critical judgment, their ability to observe, understand, analyse and synthesize data on socio-economic problems using economic methods and technologies.
  3. Produce appropriate environment that enables the students to raise their level of creativity and promote the spirit of self-reliance.
  4. Create an atmosphere for desirable behavioral changes which would help to develop values that are in consonance with the national objectives such as hard work, probity, commitment, patriotism and discipline.
  5. Isolate relationships among observable data which will provide an explanation of various events and facilitate predictions of the reactions which are likely to occur in response to change in particular data.

  These principles guide empirical research in explaining actual behavior in the economy and in providing basis for economic policy.

• Career Placement – Economics Programme involves theory, quantitative methods and policy analysis and is designed to equip the students for a variety of positions. Graduates of economics are found in various fields of human endeavour, both in the public and private sectors of the economy. A growing number of economists serve as adviser, Administrative personnel officers, Public Relations Officers, Social Workers, Investment Executives, Lecturers, Research Specialists in all levels of Government, in university and private research organisations.

  Above all, our graduates are equiped to pursue graduate programme in economics and business administration to become certified accountants and economists.