College of Arts & Sciences

Economics (A&S)

120

Total Hours

42

Major Hours

29

Majors in A&S

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Economics Major: A Path to Real-World Impact. The Economics major combines a solid foundation in business with the analytical power of economics. As an Economics major, you'll explore how to forecast economic trends, analyze data, and apply economic theory to help organizations make strategic, data-driven decisions. Whether you’re interested in finance, consulting, policy, or international relations, the Economics major equips you with the skills to drive meaningful impact across industries.  

Career Pathways

Shape Your Future in Economics

Economics is more than a field of study—it's a social science that offers a competitive edge in today’s job market. This major opens doors to diverse, rewarding career paths in areas like private business, consulting, government, and financial services. Many Economics majors also pursue advanced studies, including MBAs, MPAs, and law school, where their skills in critical thinking and data analysis give them a significant advantage.

Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills (according to Job Choices magazine produced by the National Association of Colleges and Employers). These skills can be simplified for conciseness here into three categories:

  • Qualitative communication skill: This means communicating with a variety of audiences in a variety of formats. In economics, you will learn to communicate your ideas in writing- through essay exams, papers, and homework. In addition, the small class sizes in the upper level classes allows you the opportunity to speak in class. All of these tools improve your interpersonal communication skills. Some classes also present the opportunity to work with other students explicitly.
  • Quantitative communication skills: This means the ability to understand numbers and their importance, and the ability to communicate quantitative information to others. All the graphs in economics represent quantitative concepts, and as an economics major you will certainly have no fear of graphs. Furthermore, many classes use explicit numerical problem solving.
  • Analytical problem solving skills: There is no better major for learning analytical problem solving than economics. Economics is a way of thinking that provides core set of tools to use to analyze the world. You will learn how to take a problem, and break it down into its separate elements. All of business is problem solving, and this is the expertise you will learn from the logical constructs in economics.

What should you do? First, you need to prepare a proper degree plan that fits your abilities and preferences. If your goal is graduate or professional school (for which economics is excellent preparation), you will want to structure your studies differently than if you plan to exclusively develop your career. Your career interests will also dictate differences in which courses to take. The Economics Department also offers special opportunities to differentiate yourself from the madding crowd. Among the special opportunities are:

  • The opportunity to pursue a path towards International Economics, Trade, and Development by taking ECO471, ECO472, ECO473 (ECO370 if not majoring in economics)
  • The opportunity to pursue a path towards Law School by taking ECO461, ECO477, ECO479
  • The opportunity to be relevant with BIG DATA – Minor with Business Analytics and take part in EconGames
  • The opportunity to pursue a path towards Graduate School in Economics by taking ECO491 and some extra math.
  • The opportunity to show your interest by being a member of the Economics Society (Join Economics Society).

Classes & Requirements

What You'll Study

The Economics major offers a blend of theoretical and applied courses, preparing you to tackle real-world challenges with an analytical mindset. Core areas of study include microeconomics, macroeconomics, labor markets, money and banking, international economics, public policy, and industrial organization—all within the well-rounded context of a liberal arts education.


Graduation Requirements

Any student earning a Bachelor of Arts (BA) degree must complete a minimum of 39 hours at the 300+ level. These hours are generally completed by the major requirements. However, keep this hour requirement in mind as you choose your course work for the requirements in the major. See the complete description of College requirements for a Bachelor of Arts degree in the Arts and Sciences section of the 2015-2016 Undergraduate Bulletin.

UK Core Requirements

  • The Nature of Inquiry in Arts and Creativity (3 hours)
  • The Nature of Inquiry in the Humanities (3 hours)
  • The Nature of Inquiry in the Social Sciences (3 hours)
  • The nature of Inquiry in the Natural, Physical and Mathematical Sciences (3 hours)
  • Composition and Communication I (3 hours)
  • Composition and Communication II (3 hours)
  • Quantitative Foundations (3 hours)
  • Statistical and Inferential Reasoning (3 hours)
  • Community, Culture and Citizenship in the USA (3 hours)
  • Global Dynamics (3 hours)

Total Credit Hours - 30


Premajor Requirements 

  • MA 113 - Calculus I or MA 123 - Elementary Calculus and its Applications and MA 162 - Finite Mathematics and its Applications [4-7 Hours]
  • ECO 201 - Principles of Economics I [3 hours]
  • ECO 202 - Principles of Economics II [3 hours]
  • STA 296 - Statistical Methods [3 hours]

Total Hours - 13-16

Major Requirements 

Core Requirements

  • ECO 391 - Economics and Business Statistics [3 hours]
  • ECO 401 - Intermediate Microeconomic Theory [3 hours]
  • ECO 402 - Intermediate Macroeconomic Theory [3 hours]

Other Course Work within the Department

  • 12-18 hours of 300+ level Economics courses of which at least 6 must be at the 400+ level [12-18 hours]

Course Work Outside the Department

  • Choose 15-21 hours outside Economics at the 200+ level, with at least 6 hours in two different departments. These courses are generally chosen from the following departments: Anthropology, Computer Science, History, Mathematics, Philosophy, Political Science, Psychology, Sociology, Statistics, or other courses offered by the College of Business and Economics. 200+ level courses used to satisfy College Requirements can be counted here [15-21 hours]

Total Hours - 42


Economics | Bachelor of Arts

B.A. Four Year Plan

Economics | Bachelor of Science

B.S. Four Year Plan

Imagine Your Future

Economists

Economists conduct research, prepare reports, and evaluate issues related to monetary and fiscal policy. They also may collect and analyze statistical data.

Source: Bureau of Labor Statistics | Click the link for more info.

Median Salary

$115,730

per year in 2023

Number of Jobs

17,600

in 2023

10 Year Job Outlook

1,100

new jobs (average)

Work Environment

Economists typically work in an office setting, either independently or collaborating with a variety of other workers. Most economists work full time, and some work more than 40 hours per week.

Source: Bureau of Labor Statistics

Read More

Where Can Economics Take Me?

More Than Just Money: The Vastness of an Economics Degree

A degree in Economics opens doors to a variety of rewarding and impactful careers in private business, consulting, government, financial services, and more. Economics majors also excel in advanced graduate programs like MBAs, MPAs, and law school.

Career Opportunities with an Economics Degree

Career Field Potential Roles
Economic Analysis & Research Economic Forecaster, Research Analyst for government or nonprofits, Data Analyst, Public Policy Researcher
Financial Services Bank Manager, Loan Officer, Stock Broker, Securities Analyst, Pension Fund Administrator, Portfolio Administrator
Government Regional/Urban Planner, Foreign Trade Analyst, Social Security Administrator, Budget Officer, Lobbyist
Business & Consulting Market Analyst, Purchasing Agent, Public Relations Specialist, Real Estate Agent, Financial Analyst, Contract Administrator
Insurance Underwriter, Claims Adjuster, Benefits Analyst
Legal & Educational Consulting Legal Consultant (e.g., antitrust, regulation), High School Teacher, University Lecturer

 

For more information about career opportunities, contact the UK Career Center.