Department of Economics & Financial Studies

Brief History

Philosophy, Aims and Objectives of the Degree Programme

The Department of Economics and Financial Studies offers courses leading to the B.Sc. Degree in Economics, which may be awarded with Honors or as a pass degree. The philosophy and mission statement underlying the Economics programmes of the department is to produce graduates equipped with critical skills and abilities to: abstract using simple models that identify the essence of a problem; analyze and reason- both deductively and inductively; marshal evidence, assimilate structure and analyze qualitative and quantitative data; communicate concisely the results to a wide audience, including those with no training in Economics; think critically about the limits of one’s analysis in a broader socio-economic context; and draw economic policy inferences and to recognize the potential constraints in their implementation.

Objectives of the Degree Programme

Provide training in the principles of economics and their application appropriate to the type of degree concerned: single, joint and combined studies; stimulate students intellectually through the study of economics and to lead them to appreciate its application to a range of problems and its relevance in a variety of contexts;

·         Provide a firm foundation of knowledge about the workings of an economy and to develop the relevant skills for the constructive use of that knowledge in a range of settings;

·         Develop in students the ability to apply the analytical tools, knowledge and skills acquired to the solution of society’s economic problems,

·         Equip students with the appropriate tools of analysis to tackle issues and problems of economic policy;

·         Develop in students, through the study of economics, a range of transferable skills that will be of value in employment and self employment;

·         Provide students with analytical skills and ability to develop simplified frameworks for studying the real world;

·         Provide students with the knowledge and skill base, from which they can proceed to further studies in Economics, related areas or in inter-disciplinary areas that involve economics; and

·         Generate in students an appreciation of the economic dimensions of wider social and political issues.

The Department of Economics and Financial Studies of Fountain University, Oshogbo offers the following programmes of courses leading to the award of

(i)                B.Sc Degree in Accounting

(ii)              B.Sc Degree in Banking and Finance

(iii)            B.Sc Degree in Business Administration

(iv)            B.Sc Degree in Economics

B.SC. (HONS.) ECONOMICS

Admission and Graduation Requirements

(a)        Admission

(i)         UTME:           Candidates for admission into four-year degree in Economics should possess a Senior Secondary School Certificate, General Certificate of Education, NECO or their equivalents with at least five credit passes, at not more than two sittings including Mathematics, English Language and Economics. In addition, candidates must have acceptable passes in UME.

UTME Subjects: English Language, Mathematics, Economics and one other subject chosen from Government, Geography and Account

(ii)        Direct Entry: Candidates for Direct Entry admission shall possess five Credits in GCE, SSCE, NECO, or an acceptable grade at the Fountain University Degree Foundation Programme, or their equivalents, of which at least two shall be at Advanced Level, provided that such passes are not counted at both levels of the examination. For emphasis, credit passes in English Language, Mathematics and Economics are required.

(b)       Graduation

To graduate, a UTME student must have

(a) completed and passed the following no of units at each level

100 – 40

200 – 43

300 – 39

400 – 36

Total = 158 including all compulsory courses specified by the University/Department. Note that this total included compulsory, required and elective courses, however, the

students must passed at least 8 units of elective courses. This indicates that the minimum units required for graduation is 150 (UTME)

(b)        Completed and met the standards for all required and optional courses

(c)        Obtain a minimum GPA of 1.5 and

(d)       Met other requirements that may be prescribed by the Department, College and Senate.

To graduate, a Direct Entry (DE) student must have:

a)         completed and passed the following no of units at each level

200 –   47

300 –   45

400 -    36

Total = 128  including all compulsory courses specified by the University/Department

Note that this total included compulsory, required and elective courses, however, the

students must passed at least 8 units of elective courses. This indicates that the minimum  units required for graduation is 120 (DE).

b)         completed and met the standards for all required and optional Courses

c)         obtained a minimum CGPA of 1.5 and

d)         met other requirement that may be prescribed by the Department, Faculty and Senate.

For more information or enquiries, Call or sms: +2348036384074 

ACCOUNTING PROGRAMME:

Philosophy, Aims and Objectives of the Degree Programme

The Department of Economics and Financial Studies offers a programme of courses leading to the award of B.Sc degree in Accounting with Honours . The philosophy of the programme is to produce accomplished financial managers and accountants capable of making valuable contributions to the development of accounting practice and the Nigerian economy in general.

The objectives of the programme are to

(i)provide the basic knowledge needed for preparing students for careers in industrial, commercial, public and other human organizations.

(ii)equip the students with necessary skills and competence for recognizing, defining and taking appropriate decisions to solve management and accounting problems of an organization.

(iii)prepare students for the acquisition of professional competence required by national and international accounting bodies.

(iv)provide a strong academic background for research and post-graduate studies.

In achieving these objectives, the Department places much emphasis on quantitative approach to financial statements analysis and managerial decisions making and the students are exposed to all areas of Accounting such as Financial, Cost, Management, Auditing and Control and Public Sector Accounting and Finance Management.

The Degree

The B.Sc. (Honours) degree in Accounting is a 4-year programme for candidates that possess Secondary School Certificates and a 3-year programme for candidates that possess higher qualifications such as G.C.E. ‘A’ Level and N.C.E. The programme provides the students with broad scientific and professional knowledge which prepares them for successful career in varieties of occupations.

Admission Requirements

The criteria for admission into the programmes will be as follows:

(a)        UME: Candidates on a four-year degree programme must have

(i)         passed at credit level five subjects including English Language, Mathematics,

Economics and at least one other subject from Government, Geography, Business Methods, Accounting, Commerce and Statistics at not more than two sittings at Ordinary Level S.S.C.E., G.C.E. or N.E.C.O.

(ii)        written and passed the JAMB examination in English Language, Mathematics and

any other TWO social or management science subjects.

(b)        Direct Entry: In addition to the requirements in (a)(i) above, candidates on a three- year degree programme must have

(i)         passed at least two subjects in H.S.C., G.C.E. ‘A’ Level which must include

Accounting as a subject; or

(ii)        OND in Accounting with a minimum of lower credits grade; or

(iii)       HND in relevant discipline with at least lower credit; or

(iv)       Passed the P.E.1/Intermediate examinations of a recognized professional

Accounting bodies such as ICAN and ACCA; or

(v)        N.C.E. in Accounting or Economics/Mathematics combined, or any other relevant subjects combinations with a minimum of 10 points; or

(vi)       An acceptable grade at the Fountain University Degree Foundation Programme.

Graduation Requirements

To graduate, a UME student must have                                                                 

(a) completed and passed the following minimum number of units at each level

100 Level –   40

200 Level –   44

300 Level –   40

400 Level –   36

       Total = 160

including all compulsory courses specified by the University/Department;

(b)        completed and met the standards for all required and optional courses;

(c)        obtained a minimum GPA of 1.5; and

(d)        met other requirements that may be prescribed by the Department, College& the Senate.

To graduate, a Direct Entry student must have

a)         completed and passed the following number of units at each level

200 –   48

300 –   46

400 -    36

        Total = 130

including all compulsory courses specified by the University/Department;

b)         completed and met the standards for all required and optional Courses;

c)         obtained a minimum CGPA of 1.5; and

d)         met other requirements that may be prescribed by the Department, College and the Senate.

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