Three Ways Economics Can Make You a Better Student

By Mike Pottenger
Studying Economics can come with added benefits – you might learn to study smarter. Tips and tricks within!

3 Kinds of Economic Ignorance

By Steven Horwitz
Nothing gets me going more than overt economic ignorance.

Economic Idea - Corner Solution and Interior Solution

By Kibash
Corner Solution
Corner Solution is a choice made by an agent that is at a constraint or corner, and not at the tangency of two classical curves on a graph,

Microeconomics vs Macroeconomics: Which Is More Useful for Investment?

By Sean Ross
Investors should give up trying to make decisions based on macroeconomic forecasts. This advice may run counter to the investment culture created by major news outlets, but consider the alternative: An investor must identify

5 Economic Concepts Consumers Need To Know

By Andrew Beattie
An understanding of economics isn't seen to be as vital as, say, balancing a household budget or learning to drive a car. However, economics has an impact on every moment of our lives because, at its heart, it is a study of choices and

Is GDP Really an Accurate Measure of Economic Growth?

By Sean Ross
Former Microsoft Corporation (NASDAQ: MSFT) chief architect Edward Jung once called Gross Domestic Product (GDP) the standard measurement of economic health and well-being, a misleading indicator that sabotaged development and innovation. He's not alone in his disapproval of simple aggregates. A growing chorus of researchers, economists,

Providing Lasting Solution to Nigeria Problems

By Abdul Azeez
The major cause of Nigeria economic woes is lack of a concrete foundation under which the structure of the nation's economic system is built. In order not to make the building fall, standard pillars that can hold the wall should be formed. This will aid the weak foundation that was formed. There should be transparent economic policy which will diversify the economic system through exploitation of our great human and natural resources to create business opportunities which will boost revenue generation. And also promote local and foreign Investment in the country.

Sale of National Assets : Brilliant Move or Economic Sabotage?

By Kuranga Abdulazeez
For an asset, online dictionaries define it as something or someone of any value; any portion of one's property or effects so considered.
After the NBS released its figures for the 3rd quarter of the year, it was revealed that Nigeria is officially in recession because of recording negative growth in its GDP for two consecutive quarters( 2nd and 3rd quarters). Ever since then, the Nigerian government has been devising means of stimulating the economy and bringing the country out of the recession. One of these solutions which has been generating a lot of controversies in the country has been the sale of national assets of which the prominent people who started it were Africa's richest man Alhaji Aliko Dangote and the Senate President, Dr. Abubakar Bukola Saraki, before the Federal Executive Council now followed suit.

Economic Idea- Privatization and Concession Agreement

By Kibash
What is Privatization?
It can simply be defined the process of transferring ownership of a business, enterprise, agency, public service, or public property from the public sector (a government) to the private sector, either to a business that operates for a profit or to a nonprofit organization. Privatization  may also mean the government outsourcing of services or functions to private firms, e.g. revenue collection, law enforcement, and prison management.
Privatization could be of five major forms , they are:

Choosing a Career in Economics

By Kibash
Careers in Economics are as diverse as they come, this is because Economics is a vast field with job roles in virtually all sector of the economy. Depending on your area of interest, an economics degree will help you develop specialized analytical skills, enabling you to successfully enter multiple industries as a professional economist, or as another type of professional with an eye for economics.
An economics degree will boost your employability in many areas, regardless of the industry you work within. This reflects strong demand for highly numerate graduates throughout the global labor market, and the widely transferable analytical and problem-solving skills developed by economics students.
But, more specifically, what can you do with an economics degree? Below are a range of popular economics careers,

HOW TO WRITE ECONOMICS UNDERGRADUATE FINAL YEAR PROJECT -PART II

Chapter One- Introduction
By Kibash

This chapter is titled INTRODUCTION of the research. It describes the background, scope nd purpose of the research. The researcher is expected to present sufficient details regarding why the study was carried out. At times, there is usually none, one or two introductory paragraphs before the background. Chapter one consists of the following:

1. Background of the Study
2. Statement of Research Problem
3. Research Questions
4. Objectives of the Research
5. Research Hypotheses
6. Significance/ Justification for the study
7. Scope of the Study
8. Organisation of the Study.

5 Reasons Why an Economist Should Rule

1. He’s an Economist:
An Economist is referred to as an expert in Economics. Economics which simply mean efficient allocation of scarce resources so as to meet insatiable wants of individuals. Economic resources are believed to characterized by scarcity and price. An Economist studies way in which these scarce resources are being maximized at minimum cost to meet or satisfy needs of individuals in the society.
Every government complain of inadequate resources, meanwhile this is not suppose to be an excuse for inefficient and ineffective governance. The government is expected to have a foresight of this as there is never enough resources to meet the ends of individuals in the society. Here comes the need for an Economist. An Economist as an expert

THE REALITY OF ECONOMIC RECESSION (PART II)

Oil Money
By: Bello AbdulRauf Aremu (Rufy B)

In continuation of the previous analysis on the current Nigeria’s economic recession, the story continues and I shall take off from where I stopped, when oil was discovered in Nigeria.
Crude oil was discovered at Oloibiri, Bayelsa State in the year 1956. However, commercial production started in early 70s. With the arrival of crude oil, the Nigerian economy raised a lot of revenue, most especially with the oil boom that came in the early 70s. Nigeria’s crude oil is regarded as ‘light’ and ‘sweet’, in the sense that it has very low sulphur. The lower the sulphur, the higher the quality of crude oil products. Nigeria is the largest producer of ‘sweet oil’ in OPEC.
Oil production was really great and profitable in which Nigeria rose to be the wealthiest country in Africa. Between 1958 and 1974, government revenue increased from N200,000 to

THE REALITY OF ECONOMIC RECESSION (PART I)

Story so Far

By: Bello AbdulRauf  Aremu (Rufy B)


First of all, I would like to assert that I am not a pro-Buhari or an anti- Jonathan, neither am I a PDP nor an APC member. Also, the content of this write-up is strictly based on my personal opinion and also based on the information available to me.

The tenets of this article is, to give detailed analysis of recession really mean and how we got to this stage.

It should be noted that the current economic distress Nigeria is faced with is not new. There had been downturn in economic activity in the past notably in the late 80s and during the global economic meltdown in 2008. But this current economic situation is the worst in

Economics Undergraduate Project Topics

1). Export diversification: Strategy for Economic Growth in Nigeria.
2). Impact of FDI on the construction sector of the Nigerian economy (1980-2015).
3). Agricultural funding as solution to Nigerian economy diversification.
4). Impact of rising interest on manufacturing sector of the Nigerian economy.
5). Government expenditure and agricultural production in Nigeria (1980-2015).
6). Effect of exchange rate on manufacturing industries in Nigeria (1999-2015).

HOW TO WRITE ECONOMICS UNDERGRADUATE FINAL YEAR PROJECT -PART I

Choosing a Research Topic
By: Kibash



Research simply mean systematic investigation into and study of materials and sources in order to establish facts and draw conclusions about phenomena. Project can be said to be an individual or collaborative enterprise in which strategies and resources are employed to achieve certain objectives. Research project can therefore be referred to as employment of material and non-material resources in investigating and looking into materials and sources so as to establish facts and conclusions about certain phenomenon.
Research project to most students is a compulsory final year "ritual". It is a partial fulfilment of the requirements for the award of degree in Economics. The nature of research project varies across all fields of knowledge. The focus of this article is Economics field.

Nature Of ECONOMICS

Similar to definitions of economics, there are a number of controversial issues related to its nature. Some economists believed economics as a science, while other believed economics as a social science.
Let us now discuss the nature of economics as follows:

i. Economics as a Science:

Refers to the scientific nature of economics. Some economists believed that in economics, a problem is solved by adopting a scientific approach, which involves collecting and analyzing data and making related laws and theories For example, various economists examined the concept of employment and framed relevant theories, such as Say’s law, Pigou’s modifications, and Keynes theory of employment.
Economics is considered as a science because there are similarities between the problem solving process of economics and science. Apart from this, there is another controversial issue related to whether economics is a positive or normative science.
Positive science refers to the science that deals with the question of what is, while the normative science deals