The study examined economics skills required by postgraduate Business Education students for establishment of small scale businesses in Rivers State. Two objectives and research questions were posed for the study while two null hypotheses formulated were tested at 0.05 level of significance. The study adopted descriptive survey research design and was carried out in Rivers State. The population of the study consists of 631 postgraduate Business Education students in two owned Rivers State Universities. Sample size of 345 was determined using purposive sampling technique. The instrument for data collection was a self-structured questionnaire titled “Economics Skills Required by Postgraduate Business Education Students for Establishment of Small Scale Businesses in Rivers State (QESRPBESESSB)”. The instrument was validated by three experts, two from the Department of Business Education and one from Measurement and Evaluation Department, all in Faculty of Education. Cronbach Alpha was used to determine the internal consistency of the instrument which yielded an overall reliability co-efficient score of 0.77. Out of 345 copies of the questionnaire administered only 323 copies representing 94 percent were properly filled and retrieved. Data collected were analyzed using mean and standard deviation for the research questions while z-test was used to test the null hypotheses at 0.05 level of significance. The findings of the study revealed that strategic thinking skills and assess demand skills are highly required by postgraduate Business Education students for establishment of small scale businesses in Rivers State. The findings of the study also revealed that postgraduate Business Education students did not differ significantly in their mean responses regarding economics skills required for establishment of small scale businesses in Rivers State. Based on the findings, conclusion was made that economics skills are highly required and also important tools that prepare Business Education graduates for the world of work. Therefore, institutions should provide the students with learning opportunity and experiences that would enable postgraduate Business Education students to acquire economics skills to a high extent for establishment of small and medium scale businesses and proper management of the business. Based on the findings of the study, it was recommended among others that curriculum developers of Business Education programme in Rivers State should consider reviewing the present curriculum to include the development of strategic thinking skills as this would help postgraduate Business Education students in the establishment of small scale businesses upon graduation