About the Department – College of Business and Economics

Background of the Department

The Economics Department is a prominent division within the College of Business and Economics at Woldia University. Established with a vision to foster academic excellence and to contribute significantly to the field of economics, the department has grown to become a vital part of the university’s academic framework.

Research and Community Engagement

The Economics Department is deeply committed to research and community engagement. Staff members are involved in a wide range of research projects that address both local and global economic issues. The department also collaborates with various stakeholders, including government agencies, non-governmental organizations, and the private sector, to conduct research that informs policy and drives sustainable development.

Vision

By 2026, our department is being aim to one of the top three leading economics departments in Ethiopia, aiming to contribute to the country’s economic growth and development. This will be achieved through fostering a strong relationship with citizens, addressing national and local benefits, and providing high-quality research and community services.

Mission

The mission of the Economics Department is to provide education and training that are efficient and of high quality, promoting knowledge, skills, and values to cultivate transformative forces in individuals. This mission is achieved through the provision of education, conducting research, and engaging in community service activities. By addressing challenges, undertaking applied research and studies, and ensuring accessibility, we aim to enhance the economic, social, and political participation of the community, thereby contributing to the country’s development journey and ensuring the active participation of all in that process.

Goals

The Economics Department is committed to providing high-quality education, research, and community service. The department continually strives to align its curriculum with current global economic trends and local development needs, ensuring that students are equipped with both theoretical knowledge and practical skills.

Curriculum and Programs: The department offers undergraduate and postgraduate programs in economics, focusing on various fields such as development economics, macroeconomics, microeconomics, and international trade. The curriculum is updated regularly to incorporate the latest research and methodologies.
Research and Innovation: The department encourages students and faculty to engage in impactful research that addresses both local and global economic challenges. Research outputs include papers published in international journals, policy briefs, and collaborative projects with government agencies and international organizations.
Community Engagement: The department emphasizes community-based projects, offering students the opportunity to apply their knowledge to real-world problems. This includes working with local businesses, government agencies, and non-governmental organizations to promote economic development and social welfare.
Staff Expertise: The staff members of the department are experts in various areas of economics, with several having advanced degrees from prestigious universities. They bring a wealth of knowledge and experience to the classroom, ensuring that students receive a comprehensive education.
Staffs and Resources: The department is equipped with modern classrooms, computer labs, and a well-stocked library to support both learning and research. Students also have access to statistical software for data analysis, which is crucial for their studies and research projects.
Alumni Network: The department has a strong alumni network that helps current students by providing mentorship, career guidance, and job opportunities. The alumni play an important role in fostering a community of excellence and contributing to the department’s continuous improvement.