Philosophy and Objectives

Vision and Philosophy

The philosophy of the Department hinges on the philosophy of the University, which is geared toward the development of the Total Man. The vision of the Department is to train a new generation of leaders who will be highly skilled in their chosen areas of specialization, and who will, through active participation in courses based on the Total Man Concept and Entrepreneurial Development Studies, be fully prepared to take practical dominion over their environment.

The Philosophy underlying the Courses offered in the Department of Economics and Development Studies is to produce graduates who are capable of making informed contributions to economic and social issues in a globalized environment such as the attainment of the Vision 20-2020 and the Sustainable Development Goals (SDGs). They are to be graduates who can discuss, explain and predict economic phenomena with the tools of economic analysis they have learnt during their study periods.

Given the skill acquired during their training process, graduates of the Department should be able to critically appraise economic, social and demographic issues using simplified models (quantitative or qualitative) to explain and/or predict alternative courses of action within a broad socio-economic context. Furthermore, the various research clusters in the department are involved in researches geared toward the attainment of both Vision 20-2020 and the SDGs.

Objectives and Aims

The specific objectives of the Department of Economics and Development Studies are as follows:

• To train students to become expert thinkers and managers, who would through their exposure to economic principles and application techniques come up with policy prescription adequate for the problems under investigation.
• To develop in students the ability to apply analytical tools, knowledge and skills acquired to the solution of societal problems.
• To prepare students for both the world of work in firms, factories and farms, as well as in self-employment through the study of Entrepreneurial Studies alongside the courses in the Department.
• To provide students with knowledge and skill base required for graduate studies either in the Covenant University or in any other University throughout the world.
• To train students to think analytically through exposure to all areas of economic analysis (verbal, graphical and mathematical) in order to be able to contribute meaningfully to economic policy formulation and implementation guides.
• To train God-fearing and visionary leaders through the combination of relevant theories and application techniques, spiritual development and entrepreneurial training which are emphasized at every level of courses in Department of Economics and Development Studies of Covenant University.
• To train students to be highly knowledgeable in the economic structure and history of Nigeria and to its relation to the international economic environment.