About this Program
Do you take an analytical approach to challenges? Would you like to learn how people and organizations make choices? Do you aspire to shape policies and procedures that help the efficient use of resources? If so, the Economics major may be a great fit for you.
The Economics major teaches students to assess social, business, and individual decision-making and how those decisions are influenced by goals, incentives, institutions, and constraints.There are two degree options: Bachelor of Business Administration (BBA) - designed for students interested in a business education with a strong foundation in economics and Bachelor of Arts (BA) - designed for students pursuing a second major/minor in traditional liberal arts disciplines or in mathematics and statistics.
- The program boasts a 92% placement rate.
Acquired Skills
- Acquire strong quantitative and investigative skills to examine, analyze, and interpret data.
- Understand how to combine economic models with everyday observations to analyze the world around you.
Career Possibilities
Economics graduates find exciting career opportunities from business to government in fields and organizations such as:
- Research Analysis
- International Trade & Policy
- Regulatory Agencies
- Banking & Investments
- Consulting
- Insurance
Admissions and Scholarships
Students with a major in LSBE are eligible to apply for more than 120 scholarships, with the total scholarship amount in excess of $200,000 annually. Some of these scholarships are exclusively available to Economics students.
Student Clubs
The Economics Club provides members with opportunities to attend presentations, engage in lively conversations on current topics, and travel to major conferences. Students can also become members of Omicron Delta Epsilon, one of the world's largest academic honor societies in economics.
Requirements
BBA (Bachelors of Business Administration) Economics
A business degree that approaches Economics from a practical and applied perspective. It combines economics coursework with core business subjects, such as accounting, finance, management, marketing, and business law. Freshmen and transfer students are typically admitted as pre-business students for all BBA majors. Admission to candidacy status, which allows access to upper division LSBE classes, requires a GPA of 2.60 UM and overall, and 2.00 internal and pre-major GPAs.
BA (Bachelors of Arts) Economics
With an emphasis on social and individual decision-making, students can explore economic topics of interest such as Development Economics, Environmental Economics, Health Economics and Sports Economics, among others. Offer flexibility to students who must declare a second major or minor, of their choosing. This degree pairs well with numerous majors outside LSBE.
Faculty Highlights
Faculty in the Department of Economics have a strong application orientation. Regardless of the degree you choose (BA or BBA), you will learn from faculty who place special emphasis on the application of economic principles and models, and are themselves doing cutting-edge research to push the frontiers of applied economic knowledge.