Economics

Description

The study of economics provides insight into the way a market economy works. This is done by studying how human beings, both individually and collectively, respond to market signals and incentives. A necessary corollary to this is that the study of economics provides insight into how government policy—through monetary and fiscal policy as well as regulatory policy, including both price and environmental regulation— affects market economies function and therefore the overall welfare of society. The entrepreneur, policy maker, or market analyst who understands these various facets of modern economies is often able to make better and/or more informed decisions. The study of economics also provides the student with important analytical skills that can be applied in real-world, business decision making. These skills are important in other business disciplines such as accounting, marketing, management and finance.

Interests and Skills

Students interested in studying economics should be able to think analytically, be creative in solving problems and have a strong interest in overall business strategy and/or public policy. Economics is also a good major for pre-law students as well as students desiring to pursue a Master of Business Administration, a Master of Public Administration or an advanced degree in economics, public policy, finance and other areas of business.

Degree Options

Students working toward an undergraduate degree in economics must select either a specialization in economics or a second major. Popular additional majors are mathematics, foreign languages, political science, finance, and marketing. Some students may qualify for accelerated programs available to outstanding students which are described on the Economics, Finance and Legal Studies website. Specializations available in economics are Economics (for non-business majors), International Economics (economics majors only), acroeconomics and Monetary Policy (economics majors only), Public Policy and Law (economics majors only), Quantitative Economics (economics majors only), Econometrics and Forecasting.

Career Opportunities

The opportunities for students who complete a bachelor's degree in economics range from positions in banking and financial services to real estate, insurance, enterprise risk management, consulting, and the public sector. The economics major also provides excellent preparation for admission to law school, MBA programs, schools of public policy, doctoral programs in economics, finance and other areas of business.

Types of Jobs Accepted

Consulting firms, litigation consultant, stock broker, financial advisor, data miner, Teach for America, economist for public utilities commission

Jobs of Experienced Alumni

Attorney, Professor of Economics, Credit Risk Manager, data miner, various management positions, public policy analyst

Accreditation

All programs in the Culverhouse College of Commerce and Business Administration are accredited by the The Association to Advance Collegiate Schools of Business.

Economics (EC)

Semester 1 Semester 2
EN 101 EN 102
MATH 112 OR MATH 115 MATH 121 OR MATH 125
CS 102 EC 111
EC 110 HI CORE
HU, L, OR FA NATURAL SCI COURSE
GBA 145  
Semester 3 Semester 4
ST 260 ELECTIVE COURSE
ELECTIVE COURSE AC 210
LI CORE HI OR SB
LGS 200 HU, L, OR FA
NATURAL SCIENCE ELECTIVE COURSE
Semester 5 Semester 6
EC 308 EC 309
FI 301 EC ELECTIVE
MGT 300 FI 302
OM 300 GBA 300
INTERNATIONAL ELECTIVE ELECTIVE SPECIALIZATION
Semester 7 Semester 8
EC ELECTIVE FI 389
EC SELECTIVE GBA 490
MKT 300 ELECTIVE SPECIALIZATION
ELECTIVE SPECIALIZATION ELECTIVE COURSE
ELECTIVE SPECIALIZATION ELECTIVE COURSE

Still undecided? A career consultant can help you explore your options. Contact the Career Center today!


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