Economics

About the Department

1.     General Information

The Department of Economics was first launched in 2005 with the objective of addressing the country`s trained human power shortage in the field of Economics. The program provides instruction on economic theories and a rigorous foundation in the analytical tools and applied areas of economics, relying on mathematical and statistical techniques.

As per the new policy of the Ethiopian government to mitigate the human power shortage in this field of study, the department aspires to produce qualified citizens who are going to participate in research and development, teaching and consultancy service that the economy demands and thereby contribute towards the fulfillment of the development policies and strategies of the country. Therefore, its plan is to educate and train students in this field of specialization.
Currently the department provides training for 150 undergraduate students 49 2nd year, 81 3rd year, and 20 4th year (graduating class). 

2.     Mission of the Program

M1: To produce knowledgeable, skilled and attitudinally matured graduates for the job
market and entrepreneurship by providing practice-oriented education.
M2: To enhance and promote applied research focusing on innovation and technology
transfer to create sustainable and knowledge based industries and societies.
M3: To provide need based and reliable consultancy, short-term training, and community
services to the society in the in the field of economics.

3.     Program Goal

§  The development of critical thinking skills and the accumulation of factual knowledge in the fields of economics.

§  Exceptional educational experience by integrating, theory, application, and practitioner networks ensured.

§  The development of an understanding of micro econometrics and macro econometrics theories and their application to economic sub-fields.

§  Producing competent middle-level economists capable of contributing to the realization of the country’s development objectives.

§  Graduates become proactive, goal-oriented, optimistic, and professionally competent in the labour market.

§  Making department research source of innovation and a critical means for improving private and public sector institutions’ cost-effectiveness and performance.

4.     Program Education Outcome (PEO)

PEO-1:

To produce qualified economists with the potential to become economic data analyst.

PEO-2:

To produce economists who are capable of developing projects and undertaking monitoring and evaluation.  

PEO-3:

To produce qualified economists with the potential to undertake economic research and policy analysis.

PEO-4:

To produce qualified economists with the potential to provide independent consultancy and advisory services for various agents.

PEO-5:

To produce qualified economists with the potential to create multifaceted linkage and initiate forum for the discussion of economic issues.   

PEO-6:

To produce qualified economists with the potential to present and transfer economic knowledge to target groups

5.     Graduate Attribute or Program Outcome (PO) for Economics BA program

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Program Outcome  PO

PO-1

Economic Theory: Graduates will have a deep understanding of economic concepts, principles, theories and models.

PO-2

Quantitative Analysis: Graduates will be proficient in using mathematical and statistical techniques to analyze economic data, conduct economic experiments, and make informed decisions based on quantitative findings.

PO-3

Economic Modeling: Graduates will be equipped with the ability to create and interpret economic models to analyze and predict the behavior of individuals, firms, markets, and economies.

PO-4

Research Skills: Graduates will have experience in conducting research, including collecting and analyzing data, evaluating sources, and writing scholarly reports or papers.

PO-5

Critical Thinking: Graduates will have improved their critical thinking abilities, enabling them to assess and interpret complex economic phenomena, identify underlying assumptions, and evaluate alternative solutions or policy recommendations.

PO-6

Communication Skills: Graduates will have excellent written and oral communication skills, allowing them to effectively convey economic concepts, present research findings, and articulate economic arguments to diverse audiences.

PO-7

Data Analysis and Interpretation: Graduates will be proficient in using statistical software and other data analysis tools to interpret economic data accurately, identify patterns, and draw meaningful conclusions.

PO-8

Economic Policy Analysis: Graduates will have the capability to analyze economic policies, evaluate their impact on various stakeholders, and provide evidence-based recommendations to policymakers.

PO-9

Ethical and Professional Standards: Graduates will have an appreciation for ethical considerations in economics and understand the importance of professional conduct when working in economic roles.

PO-10

Adaptability and Lifelong Learning: Graduates will be adaptable to changing economic environments and possess the skills to continue learning and updating their economic knowledge throughout their careers.

6. Career opportunities of the Economics graduates

7. Admission Requirement

The department is a program of study that normally takes four years (including freshman program) to complete for full time regular students and five to six years for part time students. The department will admit if the student:

§  Meet the entry requirements of higher education institutions stated by Ministry of Education.

In particular; 

§  Has successfully completed preparatory level schools and passed entrance examination for the University prepared by Ministry of Education or has completed and passed level four (Level V) college COC exam. 

§  Has successfully completed freshman program and assigned to the department on a regular program base by the University, or 

§  Has completed BA/BSc in any field of study