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Degree Overview: Bachelor of Science (B.S.) Degree in Economics

Majors Overview March 26, 2014

Students will be educated on what trends and issues the economy faces and how it works if they choose to participate in the Bachelor of Science (B.S.) degree program in Economics. Major subjects of the curriculum include sciences, technology, and mathematics.

B.S. Programs in Economics

Students enrolled in Bachelor of Science (B.S.) degree programs in Economics are taught how financial markets work while simultaneously earning a Bachelor of Science (B.S.) degree in Economics. They are also taught about the modes to manufacture products, the origins of resources, and rules governing the distribution of goods and resources. Economic philosophies are explained by teachers and students are taught about the analysis and prediction of trends.

Colleges, public and private universities offer BS degree programs in Economics. Admission criteria typically require incoming students to hold a GED certificate or high school diploma.

Coursework

Students take several computer, business, science, and math courses during a BS in Economics. The Bachelor of Arts (B.A.) in Economics is also offered by some schools, wherein students are required to complete more liberal arts classes than they would need in a BS program. Students enrolled in some programs are allowed to choose a specialty within the field of Economics whereby the coursework can be tailored to suit their career goals. Coursework may commonly include topic areas such as:

•Macroeconomics
•Microeconomics
•Financial markets
•Accounting
•Statistics
•Algebra
•Calculus
•Financial institutions
•Economic theory

Career Choices

Those who successfully complete a BS in Economics program may seek entry-level jobs in various environments including government, financial institutions, private corporations, and non-profit organizations. They may also choose from career positions such as:

•Economic consultant
•Purchasing agent
•Market research analyst
•Bank officer
•Financial analyst

Job and Wage Outlook

A positive job growth rate is projected for market research analysts, economists and business analysts over the 2010-2020 decade (U.S. Bureau of Labor Statistics (BLS)). In 2012, these professionals took home average annual wages of $60,300, $91,860, and $76,950, respectively (BLS).

Continuing Education Choices

Graduates from the bachelor degree program can pursue continued education by completing a doctoral or master’s degree program in Economics. Students enrolled in master’s degree programs often enjoy greater freedom by taking classes relevant to their chosen specialty within the field of Economics. Research-intensive doctoral programs are devised to train students to seek careers in research and academia. Higher-paying and more advanced positions within the field may be pursued by individuals with graduate degrees. Earning a BS in Economics would also serve to prepare students for graduate programs in international studies, business, and law, among other fields.

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