Learn how economic forces shape our world
Students pursuing a degree in Economics can earn either a Bachelor of Arts (BA) or a Bachelor of Business Administration (BBA) in Economics. Both options give students the opportunity to examine how societies use available resources to meet human needs.
In the Economics program, students learn how goods and services are produced and distributed across the globe and how prices are set in competitive markets. They identify the causes of economic growth, unemployment and inflation and study the role of banking, money supply and interest rates in our domestic and global economy.
Case studies, such as the impact of inflation rates on the world monetary system or problems faced by small business entrepreneurs, offer students opportunities to see direct examples of economic concerns. Faculty encourage students to incorporate different perspectives to apply their knowledge to business decisions, public policy, and any aspect of life in which resources are scarce.
Students will explore topics such as:
- How consumers make rational decisions
- How businesses can efficiently produce goods
- Government regulation, mergers and business policies
- Reasons for wage differences across various occupations
- Current economic issues, such as the environment and health care
- What causes economic prosperity and recession
- Taxes, government spending, deficit and surpluses
- The increasing importance of international trade
Major Requirements: The Economics degree plan requires 70 hours of major coursework.
General Education Requirements: All majors require 44 hours of general education that students complete over the course of four years, in addition to their major courses.
A few examples of the Economics courses students take:
- Microeconomic Theory – Analyze how pricing, output and employment are determined; the role of markets in the allocation of resources; and the types of market structure in a mixed economy.
- Money and Banking – Study the nature of money, the role of the Federal Reserve System, monetary theory and policy, commercial banking, credit structure, financial markets and international finance.
- Law and Economics – Learn the basics of our legal and economic systems and examine how regulatory constraints and judicial decisions affect our market economy. Areas of study will include property rights, contract law, criminal law and antitrust.
Bachelor of Business Administration (BBA) in Economics
The BBA in Economics is ideal for students who prefer a business-intensive degree that targets careers in fields such as management or finance. Students will develop a solid foundation in economics and business principles and will take a variety of courses in management, marketing, accounting, finance, statistics and business law.
Bachelor of Arts (BA) in Economics
The BA in Economics offers more options to take non-Economics related courses and to study a wider range of subjects. This is helpful for students who seek a double major or a broader-based degree. Students will have the opportunity to tailor the degree to their own interests prior to advanced study in graduate school.
Our Faculty and Student Support Services
Our faculty members stay active in their fields and specialize in areas including industrial organization, asymmetric information, data analysis, heterodox economics, statistics, and the economics of networks and high-technology markets.
Faculty bring years of industry expertise to the classroom. They help connect students to valuable opportunities for learning and growth and support students holistically in their career development.
"I constantly challenge my students so that they sharpen their critical thinking skills as much as possible. I give them many opportunities and incentives to learn, but I also give them a lot of freedom. Ultimately, my students are responsible for their own learning. My role is to do everything I can to enable them to do this."
– Matthew Clements, PhD, associate professor of Economics
Student Support Services
Along with personal attention and mentorship from their professors, our students have access to offices and programs outside of the classroom that support their success. We encourage students to take advantage of these resources that help them excel:
- Academic counseling and advising
- Supplemental instruction and tutoring
- Career preparation and advising
- Writing Center consultation
- Health and wellness counseling
- Student disability support
Outside the Classroom
Because an Economics degree develops intellectual ability, quantitative strength and critical thinking, students in this program bring relevant skills to their experience outside the classroom. They participate in internships, conduct research and practice leadership in student organizations.
Economics students intern at locally, nationally and internationally recognized organizations, where they conduct financial analysis, track global market trends, assist portfolio managers and work to minimize risk. Some collaborate with fellow interns and supervisors to assess their organization’s short-term and long-term goals. Our students have interned at JPMorgan Chase & Co., WP Engine, and Vida Capital, to name a few.
The Economics Club promotes an interest in economic ideas at St. Edward’s University. The club acts as a forum of discussion for economic issues and as an information exchange regarding economics careers and graduate programs. It also fosters social interactions among students interested in economics.
Faculty in the Finance and Economics Department are dedicated to conducting research that influences the profession and benefits the Austin community. Dr. Ali Dadpay, Associate Dean and Professor of Economics, partnered with the Austin Marathon to conduct an economic impact study on the 2017 race. He, along with other faculty members, often include interested Economics students in the research and reporting process.
Economists serve as valuable consultants to government and business policy makers on global and local issues. They graduate prepared for careers with multinational companies, research groups and local, national and global government agencies.
The business world needs economists to conduct market research, forecast future economic activity and influence strategic planning. Other possible roles include:
- Financial analyst with the World Bank
- Agricultural economist with the USDA
- Energy analyst with a utility cooperative
- Public policy specialist for a legislative or government office
Economics is an excellent major for students who want to pursue a Master of Business Administration, law school or other graduate studies. Many law schools require students to understand economic principles, and the BA in Economics can include courses in the legal aspects of business, public policy and conflict resolution.
Jonathan Jarjour ’18 obtained his first finance internship with Vida Capital, an Austin-based life settlement insurance investor, and spent the summer of 2017 as an analyst with the Private Banking division of JPMorgan Chase & Co. in Houston. In addition to his internships, Jonathan still finds time to help peers across campus as a student assistant in Microeconomics and Macroeconomic Theory.
His advice for student interns?
"The more questions you ask, the more they’re going to help you, the more they’re going to teach you, the more value you’re going to get out of the experience." After graduation, Jonathan will join JPMorgan Chase & Co. full-time.
Read about other successful alumni, and see what they have to say about life after St. Edward’s.
Students pursuing the Economics minor analyze and comprehend global, regional and local issues by learning how goods and services are produced and distributed worldwide.
- ECON 2301 – Microeconomic Principles
- ECON 2302 – Macroeconomic Principles
- ECON 3000+ – Any Upper-Division ECON Courses (12 hours)
Total Hours: 18
Are you a current student? Contact your advisor for next steps on declaring your major or minor.
Never Giving Up
Justin Lim ’18 knew he wanted to work for a tech startup in Austin. After applying to a few positions at WP Engine and not hearing the answer he wanted, he decided to attend a company meet-and-greet.