College of Arts & Sciences

Economics (A&S)

120

Semester Hours

30

Major Hours

31

Core Hours

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The Economics major pairs a strong grounding in business with economics. Majors learn about accounting, finance and management while discovering how to forecast general economic conditions, estimate trends, analyze data, and use economic theory to help their organization operate more efficiently.  

Careers

Grow Your Future

Economics is a social science and as such an important component of the liberal arts curriculum.  It provides a useful background for students interested in exciting and rewarding careers in private business, consulting, government, financial service institutions and numerous other sectors. Economics majors are also well-suited for graduate programs including MBA and MPA programs, and law schools.

Career opportunities in Economics

  • Economic Forecaster
  • Researcher/Analyst for government agencies
  • Teaching in public schools or higher education
  • Legal consultant

Classes & Requirements

What You'll Study

Economics majors explore theoretical and applied courses in diverse areas including microeconomics, macroeconomics, labor, money and banking, international economics, public economics, and industrial organization. Students pursue these interests within the framework 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]
  • ECO 499 - Seminar in Economics [3 hours]

Other Course Work within the Department

  • Choose 9-15 hours of 300+ level Economics courses of which at least 6 must be at the 400+ level [9-15 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

FOUR YEAR PLAN (B.A.)

Major Sheet | Bachelor of Arts

2020-21 Major Sheet

Major Sheet | Bachelor of Science 

2020-21 Major Sheet

Imagine Your Future

Economists

Economists collect and analyze data, research trends, and evaluate economic issues for resources, goods, and services.

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

Median Salary

$104,340

per year in 2018

Number of Jobs

21,000

in 2018

10 Year Job Outlook

1,700

new jobs (average)

Work Environment

Although the majority of economists work independently in an office, many collaborate with other economists and statisticians. Most economists work full time during regular business hours, but occasionally they work overtime to meet deadlines.

Source: Bureau of Labor Statistics

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Similar Occupations

Source: Bureau of Labor Statistics

  • Actuaries
  • Budget Analysts
  • Financial Analysts
  • Market Research Analysts
  • Mathematicians and Statisticians
  • Operations Research Analysts
  • Political Scientists
  • Postsecondary Teachers
  • Survey Researchers
  • Urban and Regional Planners

A&S Undecided/Exploratory Studies

Understanding that over 70 percent of university students will change their declared major at least once during their college careers, the College of Arts and Sciences has developed an Exploratory Studies program for students who have yet to decide the specific field of study that most closely aligns both their personal interests and their professional career goals and objectives. The Exploratory Studies Program provides students with an extraordinarily diverse educational environment that includes coursework spanning Math and Natural Sciences, Humanities, and Social Sciences and provides students with the unique opportunity to explore multiple areas of interest during their first several semesters on campus. For more information please contact a recruiting representative at asrecruting@uky.edu.