One of the factors rocking the world is wealth. Many
activities around the globe are being determined by the use and production of
wealth. The wealth of the nation orbits around the
term Economics.
Therefore, in a layman understanding, economics is
the branch of knowledge concerned with the production, consumption, and transfer
of wealth.
Much economist ink has flown to find the acceptable
definition of Economics, but the most acceptable is that of Professor (Lord)
Lionel C. Robbins.
He defines economics as the science which studies human
behavior as a relationship between ends
and scarce means which have alternative uses.
This definition is being accepted because it covers
some aspects of economics such as wants, scarcity, human behavior, and choice.
Economics can be grouped into two major branches
namely; microeconomics and macroeconomics.
Microeconomics deals with the
smaller units and components of the economy.
It relates to
cost, output, production of marketing activities of firms, households, etc.
Macroeconomics deals with decisions of government and countries.
Duties of an Economist in Nigeria
·
Economist assist traders and businessmen
to manage their profits using economic principles in their business
·
An economist present research results in
reports, charts, and tables
·
Economist assist the government to
determine the expected income and expenditure of a country
·
An economist writes articles for
academic journal and other media
·
An economist conduct surveys and collect
data
Skill Requirements to Be Successful In Economics In Nigeria
·
Communication skill
·
Math skill
·
Organizational skill
· Problem-solving skill
·
Knowledge of social sciences
·
Good at understanding complex systems
·
Independent reasoning
·
Writing skills
·
IT skills
·
Self-driven
· Logical thinking
Career Opportunities in Economics in Nigeria
The following are the career opportunities available
for graduates in economics in Nigeria
·
Economist
·
Chartered accountant
·
Data analyst
·
Financial list analyst
·
Forensic accountant
·
Chartered certified accountant
·
Actuarial analyst
·
Local government officer
·
Quantity surveyor
Employment Opportunities in Economics in Nigeria
The following are the employment or job
opportunities available for graduates in economics in Nigeria
·
Banks
·
Insurance firm
·
Government departments
·
Academic institutions
·
Research institutions
·
Consultancies
JAMB Requirements to Study Economics in Nigeria
·
English language (compulsory)
·
Economics
·
Mathematics
·
Government or any other art subject
O’level Subject Requirement to Study Economics in Nigeria
·
English language
·
Mathematics
·
Economics
·
Any two other social science or art
subject
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