Learn how the forces of economics shape our world
Students earning their Bachelor of Economics or Bachelor of Arts at St. Edward's University examine how societies use limited resources to meet human needs. They can earn either a Bachelor of Arts (BA) in Economics or a Bachelor of Business Administration (BBA) in Economics.
Economists serve as valuable consultants to government and business policy makers on global and local issues. For example, students may study the impact of inflation rates on the world monetary system, or analyze the special problems faced by small business entrepreneurs. A variety of courses in management, marketing, accounting, finance, statistics and business law help students gain an understanding of current economic issues and problem-solving approaches. With courses in Global Studies, International Studies, Political Science and History, students develop a global perspective.
You will explore topics such as:
- Price setting in competitive markets
- 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 influences economic growth, unemployment and inflation
- What causes economic prosperity and recession
- The role of banking, money supply and interest rates
- Taxes, government spending, deficit and surpluses
- Increasing importance of international trade
The Department of Economics and Finance offers two degree programs:
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.
As a BBA in Economics major, you will develop a solid foundation in economics and business principles. You’ll take a variety of courses in areas such as management, marketing, accounting, finance, statistics and business law, and gain an understanding of current economic issues and solving problems.
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 especially helpful for students who seek a double major or a broader-based degree.
As a BA in Economics major, you’ll have the opportunity to tailor your degree to your own interests prior to advanced study in graduate school. You’ll be able to emphasize global studies, economic history, or competing economic philosophies as well as gaining an understanding of current global economic issues.
Students earning their Bachelor of Business Administration or Bachelor of Arts in Economics will be able to:
- Understand the importance of international trade and the efficient production of goods and services
- Articulate why many economic issues are controversial such as the environment and health care
- Explain the role of banking, money supply, interest rates, government spending, deficits and surpluses, and taxation in our domestic and global economy
- Comprehend how prices are set in competitive markets around the world and consumer decision-making
- Describe the role of government regulation and the impact of mergers and business policies
- Evaluate why there are wage differences across various occupations
- Describe the functions of government and how programs can be evaluated
- Identify the determinants of economic growth, unemployment, and inflation as well as causes of prosperity and recession
- Explain the role of banking, money supply and interest rates
Economics graduates are prepared for careers with:
- Multinational companies
- Research groups
- Local, national and global government agencies
The business world needs economists to conduct market research, forecast future economic activity, and influence strategic planning.
In addition to working as economists, graduates may have successful careers in:
- Business journalism
- International relations
- Government and the nonprofit sector
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
Because Economics develops critical and logical thinking skills, it is an excellent major for students who intend to pursue graduate studies in business or law school.
Economic analysis is critical in many legal cases. Many law schools require students to understand economic principles. The BA in Economics can include courses in the legal aspects of business, public policy and conflict resolution.
Master of Business Administration (MBA) or Other Business Graduate Degrees
A bachelor's degree in Economics provides a strong foundation for future graduate studies because it develops intellectual ability, organizational skills, and quantitative strength.
Meet the Faculty
Our distinguished faculty members are scholar-practitioners with years of industry experience and a wealth of expertise.They stay active in their fields, help connect students to valuable opportunities for learning and growth, and support students holistically in their development as students and soon-to-be young professionals.
- Industrial organization
- Financial modeling
- Asymmetric information
- Data analysis
- Heterodox economics
- Law and economics
- Economics of networks and high-technology markets
"I constantly challenge my students so 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
"By sharing tangible illustrations and my own professional experience, intellectual ideas and principles become much more practical for my students. They complete my classes with a strong grasp of the material, ready to apply what they’ve learned to their everyday lives." — Bin Wang, PhD, associate professor of economics
About the Minor
In the Economics program, you will learn how goods and services are produced and distributed to millions of people across the globe. This understanding will help you analyze and comprehend global, regional and local issues. The knowledge and skill sets acquired through economics courses enhance other studies, especially history, political science, and international business. The study of economics is also practical because it helps inform so many decisions in all aspects of life. These may be as simple as deciding whether to drive farther to buy cheaper gas, or as in-depth as calculating the number of years you should choose when financing a home.
Requirements for a Minor in Economics (18 semester hours):
- ECON 2301 - Microeconomic Principles
- ECON 2302 - Macroeconomic Principles
- Plus 12 hours of upper-division ECON courses