Program Description

The Bachelor of Economics at SIMAD University is a rigorous undergraduate program that blends economic theory, quantitative analysis, and applied research to address real-world socio-economic challenges. The curriculum encompasses core areas, including microeconomics, macroeconomics, fiscal and monetary policy, international trade, development economics, and behavioural economics. Students gain analytical and problem-solving skills to evaluate market dynamics, policy impacts, and global economic trends. Through empirical research, data modelling, and case studies, the program prepares graduates for careers in banking, public policy, international development, and corporate strategy. Emphasis is placed on evidence- based decision-making, critical thinking, and sustainable solutions to issues such as poverty, inequality, and unemployment in Somalia and beyond.

Mode of Study
– On-Campus programs (Weekend)
– Semester System: Three semesters per academic year
– Program Duration: 5 years

Program Objectives

The program aims to:
1. Provide a strong foundation in microeconomic and macroeconomic principles for analyzing individual,
organizational, and national economic behavior.
2. Develop quantitative and qualitative research skills for evidence-based policy analysis and decision-
making.
3. Equip students with technical competencies for careers in finance, government, international
organizations, and research institutions.
4. Enable critical evaluation of economic policies, development strategies, and socio-economic
challenges.
5. Foster a research-driven mindset through economic modeling, data analysis, and empirical studies.

Program Learning Outcomes (PLOs)
Graduates of the program will be able to:

1. Apply economic theories and models to analyze real-world market dynamics and the impact of policy.
2. Utilize statistical and econometric tools for data-driven economic research and forecasting.
3. Assess fiscal, monetary, and trade policies to evaluate their effects on growth, inflation, and
employment.
4. Conduct cost-benefit analyses and program evaluations for both public and private sectors.
5. Interpret global economic trends, financial systems, and international trade mechanisms.
6. Formulate evidence-based recommendations for poverty reduction, inequality, and sustainable
development.
7. Communicate economic analyses effectively through reports, presentations, and policy briefs.
8. Collaborate in multidisciplinary teams to address complex socio-economic issues.
9. Pursue advanced studies or professional certifications in economics, finance, or public policy.

Career Prospects
Graduates of the Bachelor of Economics program are prepared for diverse roles, including:

– Economic Analyst (Central Banks, Government Ministries, Regulatory Agencies)
– Financial Consultant / Investment Analyst (Commercial Banking, Risk Management)
– Policy Advisor / Development Planner (UNDP, World Bank, IMF, NGOs)
– Market Researcher / Business Strategist (Corporate Sector, Think Tanks)
– Academic Researcher / Lecturer (Universities, Economic Research Centers)
– Entrepreneur / Economic Consultant (Fintech, Agribusiness, Development Initiatives)
Further Academic Pursuits
Graduates can advance their expertise through:
– Master’s or PhD in Economics, Development Studies, Public Policy, or Finance
– Professional certifications such as Chartered Financial Analyst (CFA), Chartered Economist
(Ch.E), or Project Management