The department of Economics and Finance offers majors in Economics and Finance. The department has highly qualified facultyspecializing in the areas of Economics and Finance. Our faculty members not only publish their academic research in leadinginternational journals but are also involved in applied research and consultancies and actively provide community service throughtheir engagements in various public and private sector organizations and media talks/ appearances. Below you will find a briefdescription of the two majors offered by the department; Economics and Finance
Economics is a scientific study of how people and institutions go about producing and consuming goods and services, and how theyface the challenge of making choices in a world of scarce resources. The study of economics provides an opportunity for the studentto acquire general knowledge of the methods by which goods and services are allocated and incomes are generated and why prices,employment, money and financial markets behave as they do. Some knowledge of economics is crucial not only for those intending toparticipate in the business world, but also for those intending to pursue graduate studies. Graduates from the Economics major may find employment opportunities in the public sector and public enterprises, the privatesector, and regional and international organizations.
The area of Finance deals with the principles which are crucial to financial decision making. Should an investment in real capital bemade, and if so, how should the purchase be financed? Applying certain finance principles answers these questions. Even in a riskyworld, finance offers guidance on how accumulated wealth and savings from the past should be managed. Finance principles arecrucial, not only to the financial decision making of business enterprises, but also to government and private non-profit organizations,and individuals and families as well. Because financial decision making is so common, students trained in the application of the principles and techniques of finance havecareer opportunities in many different kinds of companies: manufacturing, insurance, mutual funds, trust, investment companies, andbanks and other types of financial institutions that borrow and lend to the public. These organizations could be local, national orinternational and be organized as sole proprietorships, partnerships, corporations, or multinational firms. As a result of so manydifferent financial decisions to be made, students trained in finance can participate in various activities such as capital budgeting,security analysis, commercial lending, international finance, and many other financial management positions prevalent in the field.