The Department of Economics came into being as part of Calabar Campus of the University of Nigeria, Nsukka in 1973. The University itself became autonomous in 1976 when it was taken over as a Federal Government Institution with the Department of Economics as one of the foundation departments.
At first, students took the degree of the University of Nigeria, Nsukka. However, from 1980 they started taking the degree of the University of Calabar.
From the time the Department became autonomous in 1976 and admitted students for its degree, it was headed by Professor S. M. Essang up to 1976. Thereafter, the headship of the Department has been as follows: Professor W.A. Ndongko (1979-1981); Dr. Eskor Toyo (1981-1983); Professor Eno J. Usoro ((1983-1987); Professor Eskor Toyo(1987-1992); Professor J. E. U. Ndebbio (1993-1996); Dr. O. E. Akpan (1997-1999); Dr. M. O. Nyong (1999-2000); Chief E. E. Inang (2001-2003); Dr. A. N. Bassey (2003-2005); Dr. N. A. Ndiyo (2005-2007), Dr. M. O. Nyong (2007-2009), Dr. (Mrs.) F. N. Obafemi (2009-2011), Dr. F. S. Ebong (2011- 2013), Dr. EnangUdah (2013 -2015) and Dr O. O. Ovat (2015-till date).
The Department adheres strictly to high standard and control in teaching and conduct of examinations. Examination questions are vetted internally, and for the final year students both questions and examination Scripts are vetted and moderated by external examiners.Final year students are shared among all academic staff according to students’inclination and staff specialization, for purpose of guidance in students’ project writing.
The research project is based upon original field study, data analysis and interpretation. This requirement is meant to demonstrate students’ competence in research methodology and their comprehension of what they learnt during their stay in the Department, and their abilities to communicate. Copies of these projects are kept in the Department’s Resource Room and in the Main Library of the University of Calabar. The project is a two-semester course that carries six credits.
Our undergraduate entry requirements are among the most stringent in the country. The setting of high standard has produced some positive results. For instance, in 1980/81 the Department produced a First Class Honours graduate; this feat was again repeated in 1987/88, 1999/2000, 2012/2013 and 2013/2014.