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APPRAISAL OF ACTIVE LEARNING STRATEGIES FOR TEACHING ECONOMETRICS TO ECONOMICS EDUCATION STUDENTS IN NIGERIAN UNIVERSITIES

Abstract

Econometrics is a field of economics that lays emphasis on measuring relationships between economic variables by way of integrating economic theories, mathematical models and statistical tools. Econometrics is taught as a compulsory course to economics education students in most Universities. The aim of this study was to provide an appraisal of selected active learning strategies required for teaching econometrics to economics education students in Nigerian Universities.  Qualitative research methodology was employed in the conduct of this study, while objectives were formulated and used as guide for literature review. The findings established that econometrics is taught to economics education students because the knowledge of econometrics helps in developing students’ scientific and analytical skills, it provides students with statistical tools for testing the validity of economic theories, and enhances students understanding of the nature of economic relationships and the basis for public policy decisions. Furthermore, the study established that project-based, problem-based, experiential and Felder-Selman’s learning are active learning strategies required for effective teaching of econometrics to students of economics education. However, poor teacher quality, students’ knowledge of mathematics, absence of econometric laboratories and multi-media devices as well as econometrics software applications were identified as the major challenges to the use of active learning strategies in econometrics classes. The study concluded that active learning strategies should be employ in teaching econometrics to economics education students in Nigerian Universities. The study recommended among others that econometrics lectures should be student-centred, only qualified students should be admitted to study economics education and there is need for the provision of well equipped and functional econometrics laboratories and qualified econometrics lecturers in faculties or schools of education in universities that offer economics education.

Keywords:Active Learning Strategies, Econometrics, Economics Education, Nigerian

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