PhD Economics

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The programme offers structured research training and supervision by faculty prominent in their fields. It equips you with the theoretical knowledge and analytical techniques necessary to proceed to the research component of the programme. 

Start Date

September or January entry


3 years (6 semesters)

Entry requirements

Masters programme

Fee Per Session



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A PhD is the highest academic award for which a student can be registered. This programme allows you to explore and pursue a research project built around a substantial piece of work, which has to show evidence of original contribution to knowledge.

A full time PhD is a three year programme of research and culminates in the production of a large-scale piece of written work in the form of a research thesis.

Completing a PhD can give you a great sense of personal achievement and help you develop a high level of transferable skills which will be useful in your subsequent career, as well as contributing to the development of knowledge in your chosen field.


You will study the following modules:

You will study the following modules:

Advanced Microeconomics

Advanced Microeconomics II is a Doctoral level course in microeconomics.  Topics include Consumer Theory, Production and Cost, Market Structure, Pricing and Output, Distribution and Welfare, Uncertainty and General Equilibrium Study.

Energy Economics

The course will delve deeper into the subject of energy and petroleum economics. It will discuss the background history of the Nigerian oil industry, performance of the oil industry, contributions of the oil industry, and problems of the industry in Nigeria. Dynamics of the downstream sector of the Nigerian oil industry will also be discussed and finally the issues on oil subsidy.

Monetary Systems and Policy

The course deals with many aspects of the functioning of the economic system: the role of money, how money affects the behaviour of economic agents and the functioning of financial markets, which are the goals of monetary policy and what are its possible effects. The course is a useful addition to the course of Economics of Financial Intermediaries for students who have a special interest in money and finance.

Taxation and Fiscal Policy

This course will seek to develop highly competent and versatile economists on Taxation and Fiscal policies who are able to meet the challenges of Nigerian economy in the context of globalization. The course will develop and train the PhD 1 students to become competent academics and management personnel in various Ministries, Departments and Agencies of the Nigerian government.

Econometric Modelling

Advanced Microeconomics II is a Doctoral level course in microeconomics.  Topics include Consumer Theory, Production and Cost, Market Structure, Pricing and Output, Distribution and Welfare, Uncertainty and General Equilibrium Study.

Advanced Econometrics

Topics include Single-Equation Regression Models, and Simultaneous-Equation Models and Time Series Econometrics.

Energy Decision Markets and Policy

The course will delve deeper into the subject of energy decision market and policies. It will discuss the Nigerian energy sector performance, problems of Nigerian energy sector, comparative energy systems, government intervention in energy market, determinants of energy technologies. Developing profitable energy strategies, innovations and energy business models, nonrenewable energy resources, future electric power systems will also be discussed and finally making energy policies.

Nigerian Financial System

The course introduces students to the basis of financial systems in Nigeria and its financial markets. The scope covers the operations of money, capital and foreign exchange markets. It discusses short and long-term financial instruments as well as operations of different financial Markets.

Public Sector Economics

This course is about the role of the government and the different ways in which government policies affect the economy. It develops an analytical framework that facilitates the evaluation of public policy and subsequently informs the public debate.

Econometric modelling II

This builds on the previous programme and strengthens the competency of students to be able to perform more serious modeling in Econometrics

This course will produce students with the ability to understand Taxation and Fiscal Policies in Nigeria and to make meaningful contribution to the development of Nigeria and communities. They will also acquire appropriate research skills and knowledge.

Lecturer at Nile University


Additional Information

Entry Requirements

  1. University Matriculation of 5 credit passes including English, Mathematics & two other relevant science subjects at O-Level; and
  2. Approved Bachelor’s degree with at least 2nd class lower division.
  3. Academic Master’s degree in relevant areas with a CGPA of 3.5/5.0 and with thesis score not lower than 60% (B); and
  4. Candidates must demonstrate adequate intellectual capacity, maturity and effective decision making and problem solving potentials.

How will I be taught?

The students will be taught using the following methods: Lectures, seminars, group work, tutorial and presentations. Through these methods of teaching, the students will be well grounded in public sector knowledge and policy/decision making in the public sector.

Career support

Career options cover the breadth of economic activity. For example, graduates work as Financial Analysts, Economists, Stockbrokers, Market Researchers and Investment Analysts.

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Fees and Finance

In 2020/21 the full-time tuition fee postgraduate students on this course will be N1,500,000 Per Session.  

Tuition fees will cover the cost of your study at the University as well as charges for registration, tuition, supervision and examinations. For more information about funding, fees and finance please see link Fees and Finance 

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