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The Faculty of Economics and Management (FEMA) grew out of the Makerere University Institute of Economics (MUIE) which evolved out of the Department of Economics, formerly in the Faculty of Social Sciences until the academic year 1999/2000. MUIE was elevated to a faculty status in October 2004. The faculty was mandated to teach Economics, Business and Management courses in Makerere University as well as carrying out research
The Faculty of Economics and Management was comprised of five departments:
- Department of Economic Theory and Analysis,
- Department of Development Economics,
- Department of Economic Policy and Planning,
- Department of Finance and Accounting and,
- Department of Marketing and Management.
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