Bachelor of Economics

Bachelor of Economics

This 4 years Bachelor of Economics degree programme from Ramaas University is intended for young candidates who are looking for a career in economics in today’s commercial context. Bachelor of Economics is the Faculty of Economics, Innovation and Management that involves analyzing the production, distribution and consumption of products and services available in the market. It covers a wide range of subjects concerned with how economies interact with each other and impact the world dynamics. 

Economists are experts in understanding how individuals, firms and governments make choices and the consequences of those choices for all constituents of society, both today and in the future.

Why Bachelor of Economics is good study choice? 

Bachelor of Economics is a great study choice in the increasingly connected modern world. By completing a bachelor’s degree in economics, you’ll discover the processes behind the commercial exchange of goods and services and learn how markets work. Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years.

Economics can help us to answer these questions:

  1. Why are some countries rich and some countries poor?
  2. How can data help us understand the world?
  3. Why do we ignore information that could help us make better decisions?
  4. What causes recessions?

You will be able to understand:

  • Learning to read the economic situation of the circumstance.
  • Developing a specialist understanding of economic circumstances and numerical abilities.
  • Developing analytical reasoning skills.
  • Developing a tangible skillset.
  • Improving your ability to understand and bring changes in current policy issues.
  • Learning skills and knowledge that you can apply to other jobs or to your personal life.
  • You’ll study alongside the best students in the country and beyond.
  • You’ll learn from internationally renowned specialists across diverse areas of research.
  • Learning to read the economic situation of the circumstance.
  • Developing a specialist understanding of economic circumstances and numerical abilities.
  • Developing analytical reasoning skills.
  • Developing a tangible skillset.
  • Making significant changes in the industry.
  • Obtaining job opportunities in managerial, administrative, or sales positions.
  • Improving your ability to understand and bring changes in current policy issues.
  • Learning skills and knowledge that you can apply to other jobs or to your personal life.

Bachelor of Economics Curriculum

To obtain Bachelor of Economics Degree, students are required to complete 180 credits. Courses may be taken on a full-time, part-time basis or online studies.

Foundation Year (Sanadka Aasaasiga)

Anagoo raacayso qorshaha Wasaaradda Waxbarashada, Hiddaha Iyo Tacliinta Sare Soomaaliya ee sanadka aas-aasaiga ah ee arday kasta laga doonaayo inuu qaato sanadka ugu horreeya ee jaamacadda, ayaa waxay Jaamacadda Ramaas kusoo dartay koorsada Luuqada Afka Soomaaliya iyo Suugaanta. Ujeedka ay Jaamacadda ka leedahay ayaa ah in hab-qoraalka toolmoon ee afka Soomaaliga si fiican ardayga loo barro. Qoritaanka Af Soomaaligu waa uu ka duwan yahay dhihitaanka afka, ama waxa aynnu odhan karnaa hadalka caadiga ah iyo dhigaalku waa ay kala geddisan yihiin. Waana muhiim in ardayda si toosan afka Soomaaliga dhigaalkiisa saxda ah loo barro.

  • Macalimiinta dhigi doona koorsada: Macalimiinta dhigi doona koorsadan waa kuwa aqoon-duruqsan u leh qaab qoraalka afka Soomaaliya. Waxay bixin doonaan dulmar guud oo ku saabsan fikradaha iyo xirfadaha muhiimka ah ee qaab qoraalka toolmoon.
  • Cilmiga astaamaha qoraalka: Qoraaga aan waxba ka aqoon cilmiga astaamaynta qoraalka, ama astaan kasta aan dhigi karin booskeeda saxda ah, waxa uu la mid yahay askari aan wax ba ka aqoon cilmiga rididda qoriga, oo xabbad kasta aan ku dili karin qofkeeda cadowga ah.
  • Maxaad ku barran doontaa koorsadaan? waxaad ku barran doontaa sida saxda ah ee astaamaynta qoraalku, qeexid ahaan, calaamado kala muuqaal ah, kuwa loo adeegsado qoraalka, ujeedka ayaa ah in qoraalku si wacan loo akhrin karo erayadiisa, dhan kalena si uu u noqdo mid si cad loo fahmi karo ujeeddadiisa. Astaan la muuqaal ah astaan kale ma jirto. Tusaalle ahaan, astaanta joogsiga ( . ) waa mid ka muuqaal duwan astaanta joogsihakadka ( ; ). Sida oo kale, astaan la shaqo ah astaan kale ma jirto.
  • Suugaanta: Dhinaca kalle, koorsada waxaad ku barran doontaa hab-curinta suugaanta iyo macnayaasha guud ee ay xambaarsan yihiin.

Guud ahaan, ujeedka ay Jaamacadda Ramaas ka leedahay koorsadan ayaa ah in ardayda si fiican u bartaan qaab-qoraalka habboon, sixidda higgaadda erayada, sidoo kale dhowridda astaamaha iyo xeerarka dhigaalka, taasi oo qayb ka ah qoraalka. Taasina waa xil saaran qoraaga iyo tifaftiraha.

Civil Education and Civic Engagement course at Ramaas University would involve several key steps and components to ensure it effectively educates students on their roles, rights, and responsibilities as citizens. Here is a comprehensive outline for such a course:

Course Description:

This course is designed to provide students with a comprehensive understanding of the principles and practices of civil education. It will cover topics such as civic responsibility, Somali government structure, civil rights and liberties, community involvement, and global citizenship. Through lectures, discussions, and hands-on projects, students will develop the skills and knowledge necessary to become informed and active participants in their communities and the broader society.

By the end of this course, students at Ramaas University will be equipped with the knowledge and skills necessary to become proactive and informed citizens, capable of contributing positively to their communities and society at large.

Critical Thinking and Problem-solving course is designed to equip students with the essential skills of critical thinking and problem-solving. It focuses on developing the ability to analyze complex situations, identify problems, generate solutions, and make informed decisions. By the end of the course, students will be able to apply these skills in academic, professional, and everyday contexts.

Course Objectives:

Understand Critical Thinking:

– Define critical thinking and its importance.
– Identify the components and characteristics of a critical thinker.
– Recognize common logical fallacies and biases.

Develop Problem-Solving Skills:

– Understand different problem-solving strategies and techniques.
– Apply structured approaches to problem-solving.
– Develop creative and innovative solutions to problems.

Enhance Analytical Skills:

– Analyze and interpret data effectively.
– Use analytical tools to assess situations and make decisions.
– Evaluate the credibility of sources and the quality of information.

Improve Decision-Making:

– Apply decision-making models to real-life scenarios.
– Understand the role of ethics in decision-making.
– Reflect on personal decision-making styles and their effectiveness.

Final Course Assessment:

– Participation and contribution to class discussions.
– Group projects and presentations.
– Individual assignments and case study analyses.
– Final exam covering theoretical and practical aspects.

English 100 at Ramaas University is a foundational course designed to enhance students’ proficiency in reading, writing, and critical thinking. This course aims to build a strong foundation in English, equipping students with the necessary skills to succeed in their academic and professional pursuits.

Objectives

The primary objectives of English 100 are to:

Develop effective reading strategies for comprehending and analyzing various texts.
Improve writing skills, focusing on clarity, coherence, and organization.
Enhance grammar, punctuation, and vocabulary usage.
Cultivate critical thinking and the ability to construct well-supported arguments.
Foster an appreciation for literature and diverse written forms.

Curriculum and Content

The curriculum for English 100 covers a broad range of topics and activities, including:

Reading Comprehension: Students will engage with a variety of texts, including essays, articles, short stories, and poems. Emphasis will be placed on identifying main ideas, supporting details, and themes.

Writing Skills: Instruction will focus on the writing process, from brainstorming and outlining to drafting and revising. Students will learn to write different types of essays, such as narrative, descriptive, expository, and argumentative essays.

Grammar and Mechanics: Lessons will cover fundamental grammar rules, sentence structure, punctuation, and word usage. Regular exercises and quizzes will help reinforce these concepts.

Critical Thinking: Through class discussions, debates, and written assignments, students will practice analyzing texts and developing their own arguments.

Literature Appreciation: The course will introduce students to significant works of literature, exploring various genres and styles. This component aims to broaden students’ understanding and appreciation of literary art.

Teaching Methodology

English 100 employs a variety of teaching methods to engage students and facilitate learning:

Lectures: Instructors will provide comprehensive overviews of key concepts and skills.
Group Work: Collaborative activities and peer reviews will encourage students to learn from each other and improve their communication skills.
Writing Workshops: These sessions will offer hands-on practice in writing and revising, with feedback from both peers and instructors.
Interactive Discussions: Class discussions on readings and relevant topics will promote critical thinking and active participation.
Assignments and Assessments: Regular homework assignments, essays, quizzes, and exams will help track students’ progress and understanding.

Resources and Support

Students enrolled in English 100 will have access to various resources and support services, including:

Library Access: Comprehensive library resources, including books, academic journals, and online databases, to support reading and research.
Office Hours: Instructors will be available during designated office hours to provide additional help and answer questions.
Ramaas Online Learning Platform: A digital platform where students can access course materials, submit assignments, and participate in online discussions.

Assessment and Grading

Assessment in English 100 will be based on a combination of:
– Written assignments and essays
– Quizzes and exams
– Class participation and attendance
– Group projects and presentations
– Peer reviews and feedback

Grading will reflect students’ proficiency in reading, writing, and critical analysis, as well as their effort and engagement in the course.

English 100 at Ramaas University is an essential course for students seeking to improve their English language skills and academic performance. By fostering a strong foundation in reading, writing, and critical thinking, this course prepares students for future academic challenges and professional success.

  • Introduction to Arabic Language course at Ramaas University requires a well-structured curriculum that addresses the needs of beginners while progressively building up to more advanced skills. Here’s a detailed outline for such a course:

Course Description:
This course provides an introduction to the Arabic language, covering the fundamentals of reading, writing, speaking, and understanding Arabic. It aims to equip students with basic communication skills and a foundational understanding of Arabic grammar and vocabulary. The course also introduces elements of Arabic culture to enhance language learning.

Course Objectives:
– Develop basic proficiency in reading and writing Arabic script.
– Acquire essential vocabulary and grammar for everyday communication.
– Build foundational skills in listening and speaking Arabic.
– Gain an understanding of key aspects of Arab world culture and society.
– Develop the ability to use Arabic in simple conversational contexts.

By the end of this course, students at Ramaas University will have a foundational understanding of the Arabic language and the skills needed to continue their studies or use Arabic in basic conversational contexts.

  • The Introduction to Psychology course at Ramaas University is designed to provide students with a foundational understanding of the scientific study of behavior and mental processes. This course aims to introduce key concepts, theories, and research methods in psychology, offering insights into how psychological principles can be applied to various aspects of life.

    Course Objectives:

    – Foundation in Psychology: To introduce students to the fundamental concepts and theories in psychology.
    – Research Methods: To familiarize students with basic research methods used in psychological studies.
    – Application: To demonstrate how psychological principles can be applied to real situations.
    – Critical Thinking: To develop critical thinking skills through analysis and discussion of psychological concepts.
    – Awareness: To increase awareness of the various subfields within psychology

    Learning Outcomes:

    By the end of the course, students will be able to:

    – Understand and describe key concepts and theories in psychology.
    – Apply psychological principles to everyday situations.
    – Analyze psychological research and critically evaluate findings.
    – Demonstrate knowledge of the biological, cognitive, and social bases of behavior.
    – Discuss the ethical considerations in psychological research and practice.

  • The Introduction to Chemistry course at Ramaas University is structured to give students a thorough grounding in the fundamental principles and concepts of chemistry. This course serves as a foundation for advanced study in chemistry and related disciplines, providing essential knowledge and practical skills.

    Course Objectives:

    – Fundamental Principles: To introduce the basic principles and concepts of chemistry.
    – Scientific Method: To develop an understanding of the scientific method and its application in chemistry.
    – Practical Skills: To provide hands-on experience with laboratory techniques and safety procedures.
    – Preparation for Advanced Study: To prepare students for more advanced courses in chemistry and related fields.

    Learning Outcomes:

  • By the end of the course, students will be able to:

    – Understand and explain the basic concepts and principles of chemistry.
    – Perform chemical calculations related to stoichiometry, gas laws, and solutions.
    – Apply the scientific method to design, conduct, and analyze experiments.
    – Demonstrate safe and proper laboratory techniques.
    – Interpret and analyze data to draw conclusions about chemical phenomena.

    For detailed information about the course schedule, syllabus, and specific requirements, students should refer to the course materials provided at the beginning of the semester and communicate with the instructor.

  • The foundation year in mathematics is a preparatory program designed to equip students with the essential knowledge and skills needed to succeed in a degree course in mathematics or a related field.

    Course Objectives

    To provide a solid grounding in key mathematical concepts and techniques for students who may not have the required qualifications or who need to strengthen their understanding before embarking on a full degree program.

    Develop Problem-Solving Skills: Foster analytical thinking and problem-solving abilities that are crucial for higher-level mathematics.

    Build Confidence: Help students build confidence in their mathematical abilities through a structured and supportive learning environment.

Introduction to Computers course at Ramaas University involves designing a curriculum that covers fundamental aspects of computer science and information technology. Here’s a detailed outline for such a course:

Course Description:

This course provides a comprehensive overview of computer systems and their applications. It covers the basic principles of hardware, software, and networks, along with an introduction to programming and data management. The course aims to equip students with the foundational skills and knowledge necessary to effectively use computers in academic, professional, and personal contexts.

Course Objectives:

– Understand the basic components and functions of a computer system.
– Understanding basic components of a computer (hardware and software)
– Introduction to operating systems (Windows, macOS, Linux)
– Inside the computer: CPU, memory, storage devices
– Develop problem-solving skills using computer technology.
– Explore the ethical and social implications of computing.
– Fundamentals of cybersecurity (passwords, encryption, malware)
– Common software applications (word processors, spreadsheets, presentation software)

Assessment Methods:

Participation in class discussions and activities
– Quizzes and exams on course material
– Practical assignments and projects
– Group projects and presentations
Final Porject

By the end of this course, students at Ramaas University will have a solid foundation in computer science, enabling them to utilize computer technology effectively in their academic and professional pursuits.

  • In this course, students will learn how to identify goals as they grow naturally and learn strategies for facilitating the evolution of those objectives. Students will learn about concepts such as bootstrapping and different marketing techniques, as well as how to start a business from the ground up.
    • The overall goal of this course is for you to develop clear reasoning and writing skills. By the end of the course, you should be able to employ critical thinking and writing strategies in your other courses and in life.

    • After completion this course, students should be able to analyze different text types and genres distinguish between different stylistic levels, produce coherent texts in formal and informal English.

    • Your course grade is based on how well you develop your thinking and reasoning abilities and the knowledge and skills to write clearly and effectively. You will have many other opportunities to demonstrate your thinking and writing skills in a series of smaller or scaffolding assignments. These smaller assignments are vital to your success in learning how to follow the writing process to produce university-level writing.
  • This Introduction to Research Methodology course will provide you with a overview of the various research methods used when addressing a research question, including quantitative methods for analysing data, qualitative research, study design, literature review and how to write a scientific paper.

  • The main purpose of this ccourse is to provide you with a broad introduction to the methodological foundations and tools to study mass communications. But a secondary purpose is to convince you that the process of scientific discovery can be fun. Most of the semester will focus on the fundamentals of quantitative social
    science and applied research, although we will also explore qualitative research.

  • You will learn how to identify problems to study, develop hypotheses and research questions, specify independent and dependent variables, check for the validity and reliability of studies and design research projects. You will be exposed to the broad range of designs used in communication research from laboratory and field experiments, surveys, content analysis, focus groups and in-depth interviewing.

  • The Global Studies course at Ramaas University offers a comprehensive interdisciplinary program aimed at providing students with a deep understanding of global issues, cultures, and systems. Below is an outline of what such a course might encompass.

    Overview:
    This Global Studies course is designed to equip students with the skills and knowledge necessary to understand and engage with the complexities of the globalized world. The course integrates various disciplines such as political science, economics, sociology, history, and cultural studies to provide a holistic view of global dynamics.

    Core Objectives of this course:

    – Interdisciplinary Approach: To blend insights from multiple disciplines for a nuanced understanding of global issues.
    – Critical Thinking: To develop critical analysis and problem-solving skills.
    – Cultural Competence: To foster an appreciation of diverse cultures and global perspectives.
    – Global Awareness: To raise awareness about global challenges such as inequality, climate change, human rights, and international relations.
    – Research Skills: To enhance students’ ability to conduct comprehensive research on global topics.

    Skills Developed:

    -Analytical and critical thinking
    – Effective communication and presentation
    – Research and data analysis
    – Cultural sensitivity and adaptability
    – Policy analysis and strategic planning

     

Year 2

This Introduction to Management course covers core management skills that can be applied to almost any management role or industry sector. Aimed at those who directly manage others, it’s a popular choice for professionals who have not had any formal management training and those who are relatively new to management.

This course provides an overview of basic economic principles and concepts. It aims to equip students with a foundational understanding of how economies work, the principles of decision-making by individuals and firms, and the role of governments in shaping economic outcomes. The course will also explore key economic indicators and their significance in assessing economic performance.

Course Objectives:

  1. Understanding Economic Systems: Compare and contrast different economic systems such as capitalism, socialism, and mixed economies.

  2. Microeconomic Principles: Study the behavior of individual economic agents (consumers, firms) and their interactions in markets.

  3. Macroeconomic Principles: Examine aggregate economic variables such as GDP, inflation, unemployment, and their implications for policy-making.

  4. Economic Policy: Analyze the role of government intervention in markets, including taxation, subsidies, and regulation.

  5. International Trade and Finance: Explore concepts related to international trade, exchange rates, and the balance of payments.

Topics Covered:

  • Introduction to Economics: Definition, scope, and methodology.
  • Economic Systems: Capitalism, socialism, and mixed economies.
  • Supply and Demand: Principles of market equilibrium and elasticity.
  • Consumer Behavior: Utility maximization, budget constraints, and consumer choice theory.
  • Production and Costs: Theory of the firm, production functions, and cost analysis.
  • Market Structures: Perfect competition, monopoly, oligopoly, and monopolistic competition.
  • Macroeconomic Indicators: GDP, inflation, unemployment, and economic growth.
  • Aggregate Demand and Supply: Keynesian and Neoclassical perspectives.
  • Fiscal Policy: Government spending, taxation, and budget deficits.
  • Monetary Policy: Role of central banks, money supply, and interest rates.
  • International Trade: Comparative advantage, tariffs, and trade agreements.
  • Global Finance: Exchange rates, balance of payments, and international financial institutions.

Teaching Methodology:

  • Lectures: Theoretical foundations and key concepts.
  • Case Studies: Real-world applications and examples.
  • Group Discussions: Analyzing economic issues and policy debates.
  • Assignments: Problem-solving exercises and analytical essays.
  • Guest Lectures: Industry experts and policymakers sharing practical insights.

Assessment:

  • Quizzes and Tests: Assess understanding of concepts and principles.
  • Assignments: Apply economic theories to real-world scenarios.
  • Term Paper: Research and analyze a specific economic issue or policy.
  • Final Exam: Comprehensive assessment covering the entire course.

Prerequisites:

No formal prerequisites are required, although a basic understanding of mathematics and critical thinking skills are beneficial.

Conclusion:

By the end of this course, students will have developed a solid foundation in economics, enabling them to critically analyze economic issues, understand policy implications, and appreciate the complexities of decision-making in the global economy.

This outline provides a comprehensive overview of what students can expect from an Introduction to Economics course at Ramaas University.

This course introduces students to the principles of microeconomics, focusing on the behavior of individual economic units. Topics covered include supply and demand, consumer choice, production and costs, market structures, and factors affecting resource allocation.

Learning Objectives: By the end of the course, students are expected to:

  • Understand basic economic concepts and principles.
  • Analyze how individual decision-making affects markets.
  • Evaluate market outcomes under different market structures.
  • Apply economic theory to real-world situations and policy issues.

Topics Covered:

  1. Introduction to Microeconomics

    • Definition and scope of microeconomics
    • Basic economic concepts (scarcity, opportunity cost, etc.)

2. Supply and Demand

    • Market equilibrium and price determination
    • Shifts in supply and demand curves

3. Consumer Choice

    • Utility maximization
    • Budget constraints and consumer equilibrium

4. Firm Behavior and Production

    • Production functions
    • Cost analysis and profit maximization

5. Market Structures

    • Perfect competition
    • Monopoly, oligopoly, and monopolistic competition

6. Factor Markets

    • Labor markets
    • Capital and natural resource markets

7. Market Failures and Government Intervention

    • Externalities
    • Public goods and common resources
    • Role of government in correcting market failures

Teaching Methodology:

  • Lectures: Theoretical concepts and frameworks.
  • Case Studies: Application of theory to real-world examples.
  • Class Discussions: Analysis of current economic issues.
  • Assignments and Quizzes: Assessing understanding of key concepts.
  • Final Exam: Comprehensive assessment of course material.

Recommended Textbooks:

  • “Principles of Microeconomics” by N. Gregory Mankiw
  • “Microeconomics: Theory and Applications” by Dominick Salvatore

Assessment:

  • Assignments: 20%
  • Quizzes: 15%
  • Midterm Exam: 25%
  • Final Exam: 40%

Prerequisites:

No formal prerequisites are required, but a basic understanding of mathematics (algebra and graphs) is beneficial.

Conclusion:

Microeconomics course at Ramaas University aims to provide students with a solid foundation in microeconomic theory and its applications, preparing them for further studies in economics or related fields. The course encourages critical thinking and analysis of economic decision-making at the individual and firm level, fostering a deeper understanding of how markets operate in our global economy.

This outline should give you a good idea of what to expect from the course. If you need more specific details or have any other questions, feel free to contact admission office. 

  • This course prepares the learner to apply basic accounting principles in the preparation of financial statements for external reporting. Students will become skilled in the bookkeeping process which leads to the preparation of the financial statements.
  • This course is designed to serve as an introduction to the basic principles of marketing, practices, and the application of these practices. This course examines our present-day marketing system from a managerial point of view and has a current events component to help emphasize the marketing principles in today’s business world.
  • This academic writing skills course has comprehensive lessons. Each lesson includes a practical assignment which is designed to help you improve your writing. All assignments are personally marked and graded by your tutor, so you’ll be receiving expert feedback at each stage of the course.
  • This Introduction to Business Law is a program designed to equip you with a thorough understanding of the fundamental principals of commercial law. This course will give you foundation knowledge about the origins of our legal system and the framework in which businesses operate.

    This business law course covers the many facets of commercial law, the origins of law, the legal framework in which business operates, torts, defamation, negotiable instruments, business entities and the laws pertaining to business financial dealings.

  • The purpose of this course is to discuss the effects on modern business of the widespread application of information technology, including the evolution of new business models. We focus on electronic commerce as a highly visible example of the impact of information technology on international business.
  • The course is designed to provide a solid understanding of operations management methods. Students will gain experience together with knowledge of techniques and tools to support decisions made within the context of operations. There will be an opportunity to gain a clear understanding of quantitative and qualitative approaches to operations management. The schedule will include product planning, quality management and control, forecasting demand, process planning, measuring and improving performance, managing capacity, resource planning, managing the supply chain, and facilities location.

Year 3

In this subject, you will study one of the oldest and most essential vehicles of law, the one that regulates and organises the exchange of goods and services: contracts and obligations. This is an essential starting point for the consolidation of other areas of civil law and for tackling other legal disciplines (commercial law, financial law, etc.).

  • The managers who are with multinational companies should be very careful and have the knowledge about the ethical and unethical values and should select only the ethical actions. This Business ethics course is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.

This course provides an introduction to the principles of macroeconomics. It explores the economy as a whole, focusing on aggregate measures of economic performance and the impact of government policies. Topics include national income, inflation, unemployment, fiscal and monetary policy, and international trade.

Course Objectives: By the end of this course, students will be able to:

  1. Understand and apply key macroeconomic concepts and models.
  2. Analyze the determinants of aggregate economic performance.
  3. Evaluate the impact of fiscal and monetary policies on the economy.
  4. Understand the causes and consequences of inflation and unemployment.
  5. Analyze the role of international trade and finance in the global economy.

Course Outline:

Week 1-2: Introduction to Macroeconomics

  • Overview of Macroeconomics
  • Key Economic Indicators: GDP, CPI, Unemployment Rate
  • Circular Flow of Income and Expenditure

Week 3-4: Measuring Economic Performance

  • National Income Accounting
  • Real vs. Nominal GDP
  • Limitations of GDP as a Measure of Economic Well-being

Week 5-6: Economic Growth

  • Determinants of Economic Growth
  • Productivity and Standard of Living
  • Growth Theories: Classical, Neoclassical, and Endogenous

Week 7-8: Unemployment and Inflation

  • Types and Causes of Unemployment
  • Costs of Unemployment
  • Measuring and Types of Inflation
  • Causes and Consequences of Inflation

Week 9-10: Aggregate Demand and Aggregate Supply

  • Aggregate Demand Curve: Components and Shifts
  • Aggregate Supply Curve: Short-run vs. Long-run
  • Equilibrium in the AD-AS Model

Week 11-12: Fiscal Policy

  • Government Budget and Public Debt
  • Fiscal Policy Tools: Government Spending and Taxation
  • Multiplier Effect
  • Crowding Out Effect

Week 13-14: Monetary Policy

  • Money Supply and Demand
  • Central Banking and the Federal Reserve System
  • Tools of Monetary Policy: Open Market Operations, Discount Rate, Reserve Requirements
  • Interest Rates and Monetary Transmission Mechanism

Week 15: International Economics

  • Balance of Payments
  • Exchange Rates and Currency Markets
  • International Trade Policies
  • Globalization and Economic Interdependence

Week 16: Course Review and Final Exam Preparation

Assessment:

  • Midterm Exam: 30%
  • Final Exam: 40%
  • Assignments and Quizzes: 20%
  • Class Participation: 10%

Textbook:

Principles of Macroeconomics by N. Gregory Mankiw

The Development Economics course at Ramaas University aims to provide students with a comprehensive understanding of the economic aspects of development in low- and middle-income countries. The course covers theoretical frameworks, empirical studies, and policy discussions that address critical issues in development economics.

Course Objectives

  1. Understanding Development: Define and measure economic development, distinguish it from economic growth, and understand its multi-dimensional aspects.
  2. Economic Theories: Explore various economic theories related to development, including classical, neoclassical, and modern growth theories.
  3. Poverty and Inequality: Analyze the causes and consequences of poverty and inequality, and evaluate policies aimed at reducing them.
  4. Human Capital: Study the role of education, health, and nutrition in economic development.
  5. Institutions and Governance: Examine the impact of institutions, governance, and political economy on development outcomes.
  6. International Trade and Finance: Understand the role of international trade, foreign aid, and finance in development.
  7. Sustainable Development: Discuss the challenges and policies for achieving sustainable development, including environmental and resource economics.

Course Structure

The course is typically divided into the following modules:

  1. Introduction to Development Economics

    • Definitions and measurements of development
    • Historical perspectives on development

2. Economic Growth Theories

    • Classical and neoclassical growth theories
    • Endogenous growth models

3. Poverty, Inequality, and Development

    • Measuring poverty and inequality
    • Microeconomic foundations of development

4. Human Capital

    • Education and economic development
    • Health and nutrition

5. Institutions and Development

    • Role of institutions in economic development
    • Governance and corruption

6. Agricultural and Rural Development

    • Role of agriculture in development
    • Rural development strategies

7. International Trade and Development

    • Trade policies and economic development
    • Globalization and its impact

8. Foreign Aid and Development

    • Types and effectiveness of foreign aid
    • Debt and development

9. Sustainable Development

    • Environmental economics
    • Climate change and development policies

10. Current Issues in Development Economics

    • Case studies and contemporary issues
    • Policy analysis and evaluation

Teaching Methodology

  • Lectures: Delivered by experienced faculty and guest lecturers.
  • Seminars: Interactive sessions for discussing specific topics.
  • Case Studies: In-depth analysis of real-world examples.
  • Research Projects: Encouraging independent research on development topics.
  • Examinations: Assessments through midterms, finals, and project evaluations.

Recommended Reading

  • “Development Economics” by Debraj Ray
  • “Economic Development” by Michael P. Todaro and Stephen C. Smith
  • “Poor Economics” by Abhijit V. Banerjee and Esther Duflo
  • “The Bottom Billion” by Paul Collier
  • Various academic journal articles and policy papers

Career Prospects: Graduates of this course can pursue careers in:

  • International organizations (e.g., World Bank, IMF, UN)
  • Government agencies
  • Non-governmental organizations (NGOs)
  • Research institutions
  • Academia

This course is designed to equip students with the knowledge and skills necessary to address and solve complex development challenges in a globalized world.

The Mathematics for Economists course at Ramaas University is designed to provide students with a comprehensive understanding of the mathematical concepts and techniques used in economic analysis. This course is essential for students pursuing degrees in economics, finance, and related fields.

Course Objectives

  • To equip students with the mathematical tools required for advanced economic theory and econometric analysis.
  • To enhance analytical and problem-solving skills through mathematical modeling of economic phenomena.
  • To prepare students for higher-level coursework in economics and related disciplines.

Prerequisites

  • Introductory courses in microeconomics and macroeconomics
  • Basic knowledge of calculus and linear algebra

Course Content

  1. Introduction to Mathematical Economics

    • Importance of mathematics in economics
    • Overview of mathematical methods used in economic analysis

2. Linear Algebra

    • Matrices and determinants
    • Vector spaces and linear transformations
    • Eigenvalues and eigenvectors
    • Applications in input-output analysis and linear economic models

3. Calculus

    • Functions of one and several variables
    • Differentiation and integration
    • Optimization: unconstrained and constrained
    • Comparative statics and economic applications

4. Differential Equations

    • First-order and higher-order differential equations
    • Applications in dynamic economic models
    • Stability analysis of equilibrium points

5. Difference Equations

    • Linear and non-linear difference equations
    • Dynamic economic models with discrete time
    • Cobweb model and stability analysis

6. Optimization Techniques

    • Constrained optimization using Lagrange multipliers
    • Kuhn-Tucker conditions
    • Applications in consumer and producer theory

7. Game Theory

    • Introduction to strategic form games
    • Nash equilibrium and mixed strategies
    • Applications in oligopoly markets and competitive strategies

8. Probability and Statistics

    • Probability theory and random variables
    • Statistical inference and hypothesis testing
    • Regression analysis and econometrics

Assessment and Evaluation

  • Homework Assignments: Regular problem sets to reinforce understanding of course material.
  • Quizzes: Periodic quizzes to assess comprehension and application of key concepts.
  • Midterm Exam: A comprehensive examination covering the first half of the course.
  • Final Exam: A cumulative examination covering the entire course content.
  • Project: An applied project involving the use of mathematical methods to solve a real-world economic problem.

Recommended Textbooks

  • “Mathematics for Economists” by Carl P. Simon and Lawrence Blume
  • “Essential Mathematics for Economic Analysis” by Knut Sydsaeter and Peter Hammond
  • “Introduction to the Mathematics of Economics” by William J. Baumol and Alan S. Blinder

Additional Resources

  • Lecture notes and supplementary materials provided by the instructor
  • Online resources and tutorials for additional practice
  • Office hours and tutoring sessions for personalized assistance

Course Schedule

  • Lectures: Tuesdays and Thursdays, 10:00 AM – 11:30 AM
  • Discussion Sessions: Fridays, 1:00 PM – 2:30 PM

Conclusion

The Mathematics for Economists course at Ramaas University aims to build a solid foundation in mathematical techniques essential for economic analysis. Through rigorous coursework and practical applications, students will develop the skills necessary to excel in advanced economic studies and professional careers in economics and finance.

The Econometrics course at Ramaas University is designed to provide students with a comprehensive understanding of econometric theory and its applications. This course combines theoretical instruction with practical application, using statistical tools to analyze economic data.

Course Objectives

  • Understand Econometric Theory: Grasp the foundational concepts of econometrics, including assumptions and limitations.
  • Model Building: Learn how to construct and estimate econometric models.
  • Data Analysis: Gain proficiency in analyzing economic data using statistical software.
  • Hypothesis Testing: Develop skills to test economic theories and hypotheses using real-world data.
  • Policy Evaluation: Apply econometric techniques to evaluate economic policies and business strategies.

Course Content

  1. Introduction to Econometrics

    • Definition and scope
    • Importance in economics and finance
    • Types of econometric models

2. Statistical Foundations

    • Probability theory
    • Sampling distributions
    • Estimation and hypothesis testing

3. Simple Linear Regression

    • Model specification
    • Ordinary Least Squares (OLS) estimation
    • Goodness of fit and R-squared

4. Multiple Linear Regression

    • Extensions of the simple linear model
    • Interpretation of coefficients
    • Multicollinearity, heteroscedasticity, and autocorrelation

5. Advanced Topics in Regression

    • Generalized Least Squares (GLS)
    • Instrumental Variables (IV) estimation
    • Panel data analysis

6. Time Series Analysis

    • Stationarity and unit roots
    • Autoregressive and Moving Average (ARMA) models
    • Cointegration and error correction models

7. Limited Dependent Variable Models

    • Probit and logit models
    • Tobit models
    • Sample selection models

8. Econometric Software Application

    • Introduction to software such as R, Stata, or EViews
    • Practical data analysis sessions

9. Empirical Project

    • Conduct an independent econometric analysis
    • Application of course concepts to a real-world economic issue

Assessment and Evaluation

  • Midterm Exam: 30%
  • Final Exam: 40%
  • Assignments and Quizzes: 20%
  • Empirical Project: 10%

Prerequisites

  • Introductory courses in economics and statistics.
  • Basic understanding of algebra and calculus.

Learning Outcomes: Upon completing this course, students will be able to:

  • Develop and estimate econometric models.
  • Analyze and interpret econometric results.
  • Apply econometric methods to solve practical economic problems.
  • Use econometric software to perform data analysis.
  • Communicate econometric findings effectively.

Recommended Textbooks and Resources

  • Textbooks:
    • “Introductory Econometrics: A Modern Approach” by Jeffrey M. Wooldridge
    • “Econometric Analysis” by William H. Greene
  • Software: R, Stata, EViews

Additional Notes

  • Students are encouraged to participate actively in class discussions and practical sessions.
  • Collaboration on assignments is allowed, but each student must submit their own work.
  • Regular attendance is essential to grasp the full extent of the course material.

This course is a cornerstone for those pursuing careers in economics, finance, data analysis, and related fields, providing essential skills and knowledge for practical application in various professional contexts.

  • This subject will teach you to think in systemic terms: relating a company’s environment with its structure and the people who make it up. The objective is for you to be able to understand how the job market and people interrelate with the company and how organizations are structured.

This course introduces the student to a number of essential mathematical and statistical techniques that are extensively used in business and management. Particular attention will be paid to the circumstances in which the methods considered should be employed. The following quantitative methods will be included: equations and graphs; measures of location and dispersion; indices; probability and normal distribution; basic optimisation; critical path analysis; correlation and simple linear regression; time series forecasting. Appropriate software (eg Excel) will be used to support learning.

The course provides an introduction to accounting from the manager’s viewpoint. Areas covered include the collection and reporting of accounting information to both internal and external users, as well as the use and interpretation of publicity available accounting information. The role of accounting in supporting the management functions of planning, control and decision-making is also covered. Indicative topics include preparation and presentation of a simple income statement and balance sheet, including the need for adjustments such as depreciation, accruals, prepayments and bad debts; the difference between profit and cash; interpretation of an income statement and a balance sheet using ratio analysis; costing: cost behaviour; marginal costing – methods and uses; absorption costing- methods and uses; budgeting: nature and purpose of budgeting; its contribution to planning, control and motivation in an organisation and preparation of simple budgets.

  • The subject aims to make you aware of the place and the effect that people and psychosocial processes have on organizations. In addition, we will work with explanatory models that will help you better understand the behaviour of individuals and work groups.

The “Statistics for Economists” course at Ramaas University aims to provide students with the statistical tools and techniques necessary for economic analysis. The course covers both theoretical foundations and practical applications of statistics in economics.

Course Objectives

  1. Understand and apply fundamental statistical concepts.
  2. Analyze economic data using statistical methods.
  3. Interpret and present statistical findings in an economic context.
  4. Utilize statistical software for data analysis.

Prerequisites

  • Basic understanding of economics (Introduction to Economics).
  • Basic knowledge of mathematics (Calculus and Algebra).

Course Structure

The course is divided into four main parts:

  1. Introduction to Statistics

    • Descriptive Statistics
      • Measures of Central Tendency (Mean, Median, Mode)
      • Measures of Dispersion (Range, Variance, Standard Deviation)
    • Probability Theory
      • Basic Probability Concepts
      • Conditional Probability
      • Probability Distributions (Binomial, Poisson, Normal)

2. Statistical Inference

    • Sampling and Sampling Distributions
    • Point and Interval Estimation
    • Hypothesis Testing
      • Null and Alternative Hypotheses
      • Type I and Type II Errors
      • t-tests, Chi-Square tests, and F-tests

3. Regression Analysis

    • Simple Linear Regression
      • Estimation and Interpretation
      • Goodness-of-Fit (R-squared)
      • Hypothesis Testing in Regression
    • Multiple Regression
      • Model Specification
      • Multicollinearity
      • Heteroscedasticity and Autocorrelation

4. Econometric Applications

    • Time Series Analysis
      • Trends and Seasonality
      • Autoregressive Models
    • Panel Data Analysis
    • Instrumental Variables

Assessment Methods

  • Assignments: Regular homework assignments to apply statistical techniques.
  • Quizzes: Short quizzes to test understanding of key concepts.
  • Midterm Exam: Covers the first half of the course.
  • Final Exam: Comprehensive exam covering all course material.
  • Project: A data analysis project where students apply statistical methods to a real economic dataset and present their findings.

Recommended Textbooks

  • “Introductory Econometrics: A Modern Approach” by Jeffrey M. Wooldridge
  • “Statistics for Business and Economics” by Paul Newbold, William L. Carlson, and Betty Thorne
  • “Principles of Econometrics” by R. Carter Hill, William E. Griffiths, and Guay C. Lim

Software Tools

  • R: Open-source software for statistical computing and graphics.
  • Stata: Statistical software for data science.
  • Excel: Basic data analysis and visualization.
  •  

Course Schedule

  • Week 1-2: Introduction to Statistics
  • Week 3-4: Probability Theory
  • Week 5-6: Sampling and Inference
  • Week 7: Midterm Exam
  • Week 8-10: Regression Analysis
  • Week 11-12: Econometric Applications
  • Week 13: Review and Project Presentations
  • Week 14: Final Exam

Additional Resources

  • Online tutorials and video lectures
  • Discussion forums
  • Access to economic databases for real-world data

This course aims to equip students with the necessary statistical skills to analyze economic data and conduct empirical research in economics. Through a combination of theoretical understanding and practical application, students will be prepared to use statistics effectively in their future economic careers.

  • The course will introduce students to a range of issues and challenges confronting strategic leaders of public, private and third sector organisations in a turbulent global environment. It will focus on the many conflicting perspectives within the subject of strategic management and consider the problems involved in researching and developing strategies and plans and implementing them within the limitations of the organisation. It considers a range of analytical techniques and concepts, both applying them and critically evaluating their usefulness through the use of case study work. The course includes a comprehensive review of current strategic issues, identifying the contradictions and paradoxical nature of strategic decision-making and strategic planning.
  • Choosing between a work placement and a study option course depends on several factors, including your career goals, learning style, industry standards, and personal preferences. You’ll have the option to study or do a work placement. Not only will this give you an amazing experience to talk about but will also give your CV a boost.

     This offers you the opportunity to enhance your study and CV with a work placement. It’s a chance to explore career possibilities, make valuable contacts and gain sought after professional skills.

    – This is an important component of Ramaas University degrees, work placements help you to build academic expertise as well as to gain real-world experience. You’ll receive credit for your efforts, and you’ll learn the extra transferable skills needed to excel in your chosen career. You’ll also develop your ability to deal with pressure and hit crucial deadlines. All of which will make you stand out against the competition and impress employers when you graduate.

    – Ultimately, the decision between a work placement and a study option course should be based on your individual career objectives, learning preferences, and the specific opportunities available in your field. If possible, seek advice, other professionals, academic advisors to make an informed decision.

Year 4

This course in the Academic English: Writing specialization, and it is a more advanced writing course. It will help you raise the level of your writing and make you more aware of the type of writing you can expect in college. You’ll learn what plagiarism is and how to avoid it using correct MLA citations. Also, you’ll learn to write a synthesis essay, which will help develop your critical thinking skills. Finally, you’ll write a documented essay, which will help further enhance your skill of using outside sources in your writing.

  • Advanced Argument Essays

In the previous class, you learned about writing argument essays. Here you’re going to learn how to make your essays more academic by writing more body paragraphs and adding support from outside sources. You will write a new argument essay, and since you already know how to write an argument, this will be a good way to practice using sources.

  • Avoiding Plagiarism

The topic of this module is very important for you to know about before you start taking college classes. Plagiarism is a kind of academic dishonesty that gets students into big trouble or even gets them dismissed from school. In this module, you will learn what plagiarism is and how to avoid it.

  • Synthesis Essay

In classes, you will often be asked to read several articles and write an essay about an idea you form from reading the articles. This kind of essay is called a synthesis essay. In this module, you will be given two lists of articles to choose from. You will need to read the articles on your list and then write a synthesis essay. You will use sources from the articles to support your own ideas.

  • Documented Essay

In this course, you will start using the Internet to find your own outside sources to support your ideas. You will also try to write a longer essay than you have before. This module will give your more practice using quotes and paraphrase in your essay, and you will learn to use a Works Cited page to list your sources.

The International Political Economy (IPE) course at Ramaas University is designed to provide students with a comprehensive understanding of the dynamic interplay between politics and economics on a global scale. Here’s an overview of what the course might entail:

Course Overview

The IPE course examines the complex relationship between international politics and global economic systems. It covers theoretical foundations, key institutions, major actors, and critical issues shaping the global political economy. Students will explore how political decisions impact economic policies and vice versa, and how these interactions affect global issues such as trade, development, finance, and inequality.

Key Topics

  1. Theoretical Approaches to IPE

    • Classical and contemporary theories (mercantilism, liberalism, Marxism, constructivism).
    • Comparative analysis of different IPE theories.

2. Global Trade and Finance

    • The role of international trade organizations (WTO, IMF, World Bank).
    • Global financial systems and crises.
    • Trade policies and economic integration (e.g., NAFTA, EU).

3. International Development

    • Development theories and strategies.
    • Role of international aid and development organizations.
    • Issues of poverty, inequality, and sustainable development.

4. Multinational Corporations and Globalization

    • Impact of multinational corporations on global politics and economy.
    • The dynamics of globalization and its effects on nation-states.

5. Political Economy of Regional Integration

    • Case studies of regional integration (EU, ASEAN, African Union).
    • Political and economic challenges of regionalism.

6. Global Governance

    • Role of international institutions and regimes.
    • The influence of non-state actors (NGOs, civil society, transnational networks).

7. Current Issues in IPE

    • Analysis of contemporary global economic issues (e.g., climate change, digital economy).
    • Geopolitical shifts and their economic implications.

Course Structure

  • Lectures: Provide foundational knowledge and theoretical frameworks.
  • Seminars: Encourage in-depth discussions and critical analysis of key topics.
  • Case Studies: Apply theoretical knowledge to real-world situations.
  • Research Projects: Conduct independent research on selected IPE topics.
  • Examinations: Assess understanding and analytical skills through written exams.

Learning Outcomes: By the end of the course, students should be able to:

  • Critically analyze the interaction between political and economic systems at the international level.
  • Understand and apply different theoretical perspectives of IPE.
  • Evaluate the role of key global institutions and actors in shaping the international political economy.
  • Analyze contemporary global issues through the lens of political economy.
  • Conduct independent research and present findings on IPE topics.

Career Pathways: Graduates of the IPE course may pursue careers in:

  • International organizations (e.g., United Nations, World Bank, IMF).
  • Government and public policy.
  • Non-governmental organizations (NGOs) and advocacy groups.
  • Multinational corporations and international business.
  • Academia and research institutions.

Course Prerequisites

  • Background in political science, economics, or related fields.
  • Basic understanding of international relations and global economic concepts.

This course at Ramaas University aims to equip students with the analytical tools and knowledge necessary to understand and influence the global political economy effectively.

In this subject, you will gain a basic understanding of the main international organisations created since the birth of this new subject – public international law – in the 19th century: the United Nations (UN), the World Trade Organisation (WTO), the World Bank, the International Monetary Fund (IMF), etc.

On completion of this subject, you will be able to apply tax regulations pertaining to forms of indirect taxation, specifically the value-added tax and the transfer tax and stamp duty.

  • The purpose of this course is to discuss the concept of intellectual property and the legal that have developed over time to encourage and control it. We consider copyright patent and trademark regimes together with related areas such as licensing and trade secrets.
  • The International Trade Logistics course ​is designed and developed for learners to acquire a specialized knowledge and to gain competence in logistics and international trade of an organization
  • Your marketing quest begins here! This course specialization lays the neccessary groundwork for an overall successful marketing strategy. It is separated into two sections: Market Research and Consumer Behavior. You will gain the tools and techniques to translate a decision problem into a research question in the Market Research.

In this subject, you will acquire the necessary knowledge about international and European environmental law. Through practical application, you will learn about the most important international agreements, regulations and environmental guidelines and the future challenges they entail, among other topics.

  • This course offers a general introduction to the World International Trade Law (WTO Law), EU-law, Africa and the other parts of the world. Exploring the structure, principles and main WTO Agreements shaping international trade within the WTO will provide the students with a birds-eye view to international trade framework in general. The study of the relationship between WTO and EU will consist of the analysis of the status of the EU in the WTO, and the legal effect of WTO law in the EU.
  • Bachelor of Economics Dissertation Project is a compulsory final project. It is a research-based project of 10,000 words. This module provides you with the opportunity to choose a research topic that you are especially interested in and work on your own initiative. It allows you the freedom of independent study under the guidance of your supervisor, to undertake research on a specific topic, and to enhance your ability to master appropriate primary and secondary materials. This is your chance to develop a range of valuable skills different from those you have already gained from your undergraduate degree such as researching, planning, writing well, thinking analytically, synthesizing complicated information, and organizing your time. It can also play an important role in showing a potential employer that you are able to work independently, plan a bigger project, collect information, and find the answer to any specific problem.

Entry Requirements:

Document Requirements:

  • You will be required to submit the following documentation with your application as proof you meet the entry requirements of this bachelor’s degree programme. If you have not yet completed your current secondary school, then you can still apply and you can provide your High School Certificate at a later date.

Your Secondary’s or University Certificate and Transcript:

  • Upload your secondary school’s certificate or university’s certificate and a full transcript showing all the subjects you studied and the marks you have achieved in your high school (s) (original) or university if you are planning to earn double bachelor degree.

Personal Statement:

  • A photo passport and a detailed personal statement explaining your motivation for this particular bachelor’s degree programme.

You can apply and upload documents here

Study information

start:15 September – Campus
10 October – Online studies
10 January – Online studies
15 February – Campus

 

Place of Study:

Mogadishu Campus or Online Studies

Application fee: $35

Semester fee: $250

Application Deadline:Continuous recording. Applications are processed in the order in which they are received.
Duration:4 years full-time (campus and online studies)
5 years part-time (online studies only)
Degree::Bachelor Degree (Professional Degree)
Credits:180

Programme Instructors

Abdijabaar Sh. Ahmed, PhD Candidate

Programme leader and Instructor

Foad Warsame Abdi

Co-programme Leader and Instructor

Dr. Maryama Hassan

Subject Instructor

Abdihakim Abdisalam

Subject Instructor

Ahmed Shirac

Subject Instructor

Ahmed Idle, PhD

Subject Instructor

Wafa W. Ahmed

Course Advisor and Graduation Policy.

Dr. Abdullahi Sh. Mubarak Rashid

Co-program Leader and Instructor

Rooda Mohamed

Subject Instructor

Samina Khan, PhD

Subject Instructor

Hawa Osman, PhD

Subject Instructor

Hassan Garaad

Admission and Enrollments Office
Tel: 0610 17 1010 hello@ramaas.edu.so

Kafiya Abdillahi

Admission and Enrollments Office
Tel: 0610 62 4444 admissions@ramaas.edu.so

Are you ready to take the next step towards your brighter future?

Halkaan ka akhriso

Kulliyada Xiriirka Caalamiga iyo Diblomaasiyadda

Waa sharaxaad koobban oo ku saabsan Kulliyada Xiriirka Caalamiga iyo Diblomaasiyadda oo af Soomaali lagu diyaariyey.

The Admissions and Enrollment Management Office

Admission and Enrollments

At RU, we believe applying to our university shouldn’t be hard. Regardless of your age, ethnicity, or background, our goal is to make the admissions process as easy and convenient as possible.

What Our Students
Are Saying

4.5/5

BA (Hons) Economics

Bachelor of Economics

This 3 years Bachelor of Economics programme is intended for young candidates who are looking for a career in economics in today’s commercial context. Bachelor of Economics is a branch of social science that involves analysing the production, distribution and consumption of products and services available in the market. It covers a wide range of subjects concerned with how economies interact with each other and impact the world dynamics. 

Economists are experts in understanding how individuals, firms and governments make choices and the consequences of those choices for all constituents of society, both today and in the future.

Why Bachelor of Economics is good study choice? 

Bachelor of Economics is a great study choice in the increasingly connected modern world. By completing a bachelor’s or master’s degree in economics, you’ll discover the processes behind the commercial exchange of goods and services and learn how markets work. Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years.

Economics can help us to answer these questions.

  1. Why are some countries rich and some countries poor?
  2. Why do women earn less than men?
  3. How can data help us understand the world?
  4. Why do we ignore information that could help us make better decisions?
  5. What causes recessions?

You will be able to understand:

  • Learning to read the economic situation of the circumstance.
  • Developing a specialist understanding of economic circumstances and numerical abilities.
  • Developing analytical reasoning skills.
  • Developing a tangible skillset.
  • Improving your ability to understand and bring changes in current policy issues.
  • Learning skills and knowledge that you can apply to other jobs or to your personal life.
  • You’ll study alongside the best students in the country and beyond.
  • You’ll learn from internationally renowned specialists across diverse areas of research.
  • Learning to read the economic situation of the circumstance.
  • Developing a specialist understanding of economic circumstances and numerical abilities.
  • Developing analytical reasoning skills.
  • Developing a tangible skillset.
  • Making significant changes in the industry.
  • Obtaining job opportunities in managerial, administrative, or sales positions.
  • Improving your ability to understand and bring changes in current policy issues.
  • Learning skills and knowledge that you can apply to other jobs or to your personal life.

Bachelor of Economics Curriculum

To obtain a Bachelor of Economics Degree, students are required to complete 180 credits. Courses may be taken on a full-time or part-time basis (Online only).

Year 3

 Job positions for Bachelor of Economics Major

Bachelor of Economics is a great study choice in the increasingly connected modern world. A degree in economics opens up many different employment opportunities. However, because the subject is so broad, some of the jobs you could earn may require further, more specialized education. The common jobs for economics Majors are:

  1. Financial Analyst
  2. Marketing and Sales Manager
  3. Business Operations Specialist
  4. International Sales Representative
  5. Foreign Exchange Consultant
  6. Budget Analyst
  7. Business and Economics Teacher (high school)
  8. Business Reporter
  9. Financial Manager
  10. Financial Advisor
  11. Accountant

Entry Requirements:

Document Requirements:

  • You will be required to submit the following documentation with your application as proof you meet the entry requirements of this bachelor’s degree programme. If you have not yet completed your current secondary school, then you can still apply and you can provide your High School Certificate at a later date.

Your Secondary’s or University Certificate and Transcript:

  • Upload your secondary school’s certificate or university’s certificate and a full transcript showing all the subjects you studied and the marks you have achieved in your high school (s) (original) or university if you are planning to earn double bachelor degree.

Personal Statement:

  • A photo passport and a detailed personal statement explaining your motivation for this particular bachelor’s degree programme.

You can apply and upload documents here

 Fee

Application Fees: $30

Tuition fee per semester: $200

Study information

start:15 September – Campus
10 October – Online studies
10 January – Online studies
15 February – Campus
Place of Study:

Mogadishu and Online Studies

Contact WhatsApp: +252610171010

Application Deadline:Continuous recording. Applications are processed in the order in which they are received.
Duration::3 years full-time (campus and online studies)
4 years part-time (online studies only)
Degree::Bachelor Degree (Professional Degree)
Credits:180

Instructors

Ahmed Shirac

Course Instructor

Foad Warsame Abdi

Subject Instructor

Jibril Mohamed

Subject Instructor

Hawa Osman, Ph.D

Subject Instructor

Wafa Wardah

Course Advisor and Graduation Policy.

Abdijabaar Sh. Ahmed

Program Leader

Rooda Mohamed

Course Instructor

Hassan Garaad

Tel: 6101 71010
Admissions Officer

Admission & Financial Aid

Email

admissions@ramaas.edu.so

Call Us

Tel: (+252) 6101 71010

WhatsApp

+252610171010

Dhawrkii sano ee la soo dhaafay waxaa soo badanayey baahida shirkadaha maxaliga ah ay u qabaan dad aqoon duruqsan u leh Maamulida Ganacsiga Caalamiga. Sababtoo ah dunida waxa ay noqotay hal tuullo oo dadka oo dhan isugu yimadaan. Isku xirnaan aan hore loo arag oo dunida ka jirta awgeed, waxa ay sabab u tahay caalamiyeynta. Tani waxay sahashay balaarinta inta badan shirkadaha iyo ganacsiyada meelo kala duwan oo adduunka ah.

The University of Government and Economics is specialized university for public policy and economics. The University’s goal is to improve public policy, economics and leadership so people can live in societies that are more safe, just and sustainably prosperous.

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