Economics

1.1.RATIONALE FOR THE PROGRAM

There are fundamental facts that each society faces, i.e., resources are scarce and human wants are unlimited. This imbalance necessitates efficient allocation and utilization of the scarce resources in a way that maximize the benefit of the society. This requires understanding of three issues, i.e., how individuals make decision? How people interact? And how the whole economy works? Economics deals with the three issues rose. Alternatively, Economics is the science concerned with how society best allocates and utilizes its scarce resources to maximize its benefit. It is plain fact that given the scarce resources to satisfy all societal want, nations need to know how to efficiently allocate and utilize their scarce resources and Economists can help in this regard.

Several great issues that confront us today-unemployment, inflation, environmental problems and poverty- have economic roots. In order to diagnose and remedy these ailments, we must first understand their complex nature. Economics helps us in this regard and it enable us prescribe remedies. In general, it is of no doubt that the study of Economics can illuminate much about the world and that the lessons learned if properly applied can make the world a better place to live.

Owing to these facts, the program in Economics will be of great significance in producing citizens that try to better understand how the economy works and more importantly how to affect the economy through economic policies in a way that the society desires

  1. Program Profile

1.2.1.Program Objectives

  1. General Objectives of the program:
  • The aim of the program is to produce high level professionals in Economics that will benefit the country’s sustainable economic development.
  • The program offers students a comprehensive basis for professional and academic careers and further education in any economics specializations, through courses and thesis work.
  • Students will be equipped with a solid knowledge of economic theory as applied to development issues, natural resources, and other socio-economic issues concerning the developing countries in particular and the globe in general.
  • Generally, The department has the objective of producing high level qualified experts in different professions, launching different research findings to the advantage of the local/country, and providing consultancy service to the community that will benefit the country’s development endeavour, which will foster the Growth and Transformation Plan (GTP) of Ethiopia to reach the middle income countries in the near future.

1.2.1.2 Specific objectives of the program:

With these general objectives, the prime and specific focuses of the program is:

  • To produce Economists (Economic thinkers) with basic skills that would help to teach and do research in areas of economics.
  • To better acquaint the students with solid understanding of microeconomic theories, macroeconomic theories, and other economic issues for intelligent applications of economics in a way that improve the quality, relevance and output of undergraduates in economics in Ethiopia.
  • To equip the students with the necessary methodologies in economics that enable them explain the economic phenomenon, undertake economic analysis and design economic policy.
  • To highlight the different applications of economic theories in various sectors and expose the students to the different sub-discipline of economics [laboureconomics, agricultural economics, industrial economics, environmental economics, financial economics, etc]
  • Produce graduates with a skill of planning, Project preparation, monitoring and evaluation.
  • To enable the students undertake theoretical and applied researches relevant to the overall development strategy and vision of the country and address national problems of socio-economic roots; and disseminate research findings through outreach program.
  • To promote interdisciplinary collaboration among the various programs in training, research and extension.
  • To offer short term training courses and provides consultancy service for different organizations and community.
  • To show students how economic science evolved, its present and future vision of the field and make them up-to-date with the dynamism of the field.

2.Graduate Profile

A graduate profile describes the competencies that a graduate (beginning professional) is expected to have as a result of their educational programs. It determines the program goals and the skills and knowledge needed for a beginning professional. As a result, after completion of their study, the graduates will be able to achieve the discussed below knowledge, skills and attitude.

Graduate Profile

Areas of competence

Graduate Profile

Knowledge 

Generally

  • Microeconomics theories and their applications
  • Macroeconomic theories and their applications
  • Mathematical techniques, theories and their application in economics
  • Economic applications in different sectors (financial, education, infrastructure, environment, money market, public policy, agriculture, etc.)
  • Statistical and econometric tools and applications
  • Economic applications in Developmental issues
  • Economic applications in labor market and industrial sectors
  • The evolution and development of economic ideas and thoughts
  • International trade and finance
  • Planning, project analysis and evaluation

Specifically

  • Theories of  consumer behavior, producer behavior and the market
  • Theories of firm’s price and output determination
  • Functioning of different market setting, their structure and organization
  • Macroeconomic theories dealing with national income accounting, unemployment, inflation and economic growth of nations, etc.
  • Theories of renewable and non-renewable resources, public goods, externalities and market failure and environmental valuation.
  • Theories of international trade & finance.
  • Theories of wage determination, issues of labor demand and supply analysis
  • Different economic policy instruments (such as monetary policy, fiscal policy, income policy, trade policy, and etc) used at an aggregate level.
  • Theories, strategies, approaches and country experiences of agricultural and rural development.
  • Theories of economic development and the problems of developing countries and the different paths/way-outs from the problems or challenges.
  • Project designing, appraisal, economic planning, analysis, monitoring and evaluation.
  • Sectoral issues that cover social services as education, health, transport, communication and electric power and infrastructural developments as a whole.
  • The link between the various economic and non-economic aspects.

Skills/tools

  • Basic computer skills and software applications in economic research and analysis
  • Research proposal developing skills and writing research reports and professional articles
  • Interviewing (conducting of survey) skill
  • Critical socio-economic phenomenon observation and data analysis skills
  • Both quantitative and qualitative socio-economic research skills. 
  • How to use empirical evidence to evaluate an economic argument
  • How to conduct appropriate statistical analysis of data, and explain the statistical problems evolved.
  • Instruct in universities and higher training institutions.

Attitude

  • Have a rational attitude about private and/or  public matters
  • Easy to work with others (economists and other professionals)
  • Ready to support state and communities

Emerging & Cross Cutting Issues

  • Governance
  • Community Development
  • Gender , HIV/AIDS and Disabilities
  • Environment
  • Experimental economics, etc

Communication

  • Ability to lead Focus Group Discussions
  • Formal and Informal communication Skills
  • An excellent rational oratorical skills
  • Reporting skills
  • Reasoning skills.

Management

  • A good management skill of  private and public resources
  • Time Management
  • A good ability to Manage and  suggest ideas and views  (the various arguments that arises because of the various socio-economic complications,)

3.Admission Requirement

  1. For undergraduate program

The department is a program of study that normally takes three years to complete for full time regular students and four to fiveyears for Part time students. The department will admit if the student:

  1. Have been successfully completed preparatory level schools and pass Entrance examination for the University prepared by Ministry of Education.
  2. Have able to pass the standards set by the department. 
    1. For postgraduate Program

Eligibility:

  • Those with first degree in Economics, Statistics, Agricultural or Natural Resource Economics, and Geography minor in Economics can be directly admitted
  • First degree holders in Mathematics, Physics, and Engineering sciences providing the bridge courses of Basic Microeconomics and Basic Macroeconomics.
  • First degree holders in Business and Economics background such as Management, Accounting, and other related fields providing the bridge courses of Basic Macroeconomics and Quantitative Methods in Economics.
  • Second degree holders in anydiscipline providing the bridge courses of Basic Microeconomics and Basic Macroeconomics.
    1. Academic Streams and Program

NO

Academic program

Specialization

Duration Of Study

Regular

Summer

Extension

  1.  

Bachelor degree  in Economics 

---------

3 years

6 years

4 years

  1.  

MSc in Economics

Financial Economics

2 years

4 years

2 1/2 years

Development Economics

2 years

4 years

2 1/2 years

  1. Staff Profile  (January 2017)

No

Name of Instructor

Duty Status

Rank

e-mail address

Phone No

 

 

MSc Program

 

1

Abebe Belay

Study Leave

Lecturer

abebefikadu@gmail.com

0920258677

Economic Policy Analysis

 

2

AbebeLema

On Duty

Lecturer

abebe.Lemma98@ gmail.com

+251910176889

Development Policy Analysis

 

3

AbrahaGebru

On Duty

Lecturer

tabrahagebru@yahoo.com

+251910879881

Development Policy Analysis

 

4

AbrahaleyTsehay

On Duty

Lecturer

abrhlythy@gmail.com

+251913859270

Economic Policy Analysis

 

5

Biruk Belay

Study Leave

Lecturer

brukbelay@gmail.com

+251911789072

Agricultural Economics

 

6

DawitZekiros

On Duty

Ass. Professor

dawit1898@yahoo.ccom

+251921933080

Development Economics

 

7

Haile Girma

On Duty

Lecturer

hghailove@gmail. com

0910119526

Economic Policy Analysis

 

8

Kibrom G/Wahid

On Duty

Lecturer

kibromgebrewahid@yahoo.com

+251913338822

Economic Policy Analysis

 

9

Tadese G/yesus

On Duty

Ass. Lectur

taddessse18@yahoo.com

+251914003077

Economic Policy Analysis

 

10

TsegaAdego

Study Leave

Lecturer

tsegagrace2007@gmail.com

+251913056096

Urban management

 

12

AbrhaSyum

Study Leave

Ass. Lecturer

abrhasim@gmail.com

0921890737

Development Policy Analysis

 

 

13

Abrham G/hiwot

On Duty

Lecturer

abigeb2@gmail.com

0931101500

Development Policy Analysis

 

14

TeklemaryamBerhe

Study Leave

Ass. Lecturer

teklemaryam99@gmail.com

0914406621

Development Policy Analysis

 

15

MesayAbebe

Study Leave

GA II

mesayabebe@gmail.com

0917277388

Development Policy Analysis

 

16

GetachewMulat

Study Leave

GA II

Getch2003@gmail.com

0915857392

Development Policy Analysis

 

17

Ybrah g/hiwot

Study Leave

GA I

ybrahgebrehiwot@gmail.com

0919434384

Development Economics

 

18

AliesAreya

Study Leave

GA I

aliesareya@gmail.com

0936872006

Development Economics

 

19

Yeebyohailu

Study Leave

GA I

yeebyohailu@gmail.com

0938454103

Development Economics

 

20

WubetuLmenh

Study Leave

GA I

wubetulemeneh@gmail.com

0915856424

Development Economics

 

21

AklilesemeyatSemu

Study Leave

GA I

Aklilesemu21@gmail.com

0924383770

Development Economics

 

22

Perini praveenasri

On duty

Ass. profe

Sriveena.perini@gmail.com

0936872006

Agricultural economics