A bachelors degree in economics is a great major for students who are skilled in analysis, reasoning, communicating information, critical-thinking, economic policies, and information-processing. Economics is a social science that involves the study and analysis of the production, distribution, and consumption of goods and services both domestically and internationally. A typical bachelor of arts in economics or bachelor of science in economics covers a plethora of important economic concepts, such as macroeconomics, microeconomics, statistics, business, labor economics, domestic and international trade, and more. Economics requires students to be proficient in reasoning, mathematics, and in-depth analysis.
Why a Bachelor’s Degree?
For those who wish to work in economic professions, it is useful to consider pursuing a bachelor’s degree and master’s degree. In fact, according to the U.S. Bureau of Labor Statistics (BLS), most economics jobs require more advanced degrees, such as a master’s degree or doctorate degree. However, there are still some entry-level positions available to bachelor’s degree graduates. The BLS reports that many students that complete a bachelor’s in economics find careers outside the economics realm as research assistants, financial analysts, market analysts, and similar business and finance positions. These careers are projected to grow 6% from 2010 to 2020.
Getting Into a Bachelor’s Degree Program
To get into a bachelor’s degree program in economics, students will have to submit proof that they are capable of taking on the demands of higher education. Most schools look for the following prerequisites when considering appropriate candidates for their programs:
- High school diploma or its equivalent
- Desired SAT or ACT scores
Inside an Economics Associate Degree Program
Most students can complete their bachelor’s degree in economics within a four-year time span. Their economics studies are precluded by a set of basic liberal arts courses — which satisfy general education requirements outlined in all bachelor’s degree plans — before moving onto courses attributed specifically toward a degree in economics. The majority of undergraduate economics degrees feature classes in macroeconomics, microeconomics, statistics, business, labor economics, and domestic and international trade. Oftentimes, professors may encourage students to take on internships in tax accounting in order to enhance their educational experience.
Many bachelor’s degrees are offered fully or partially online, which is why some students choose to complete an online economics degree through distance learning. Economics students who enroll in an online degree in tax accounting follow a similar course load to traditional students with added flexibility in terms of pacing and presentation. Materials for online classes are presented through detailed, easy-to-follow video lectures, audio recordings, and class outlines. Moreover, most assignments, projects, and exams are submitted through online platforms like Blackboard, or through email submissions. Students can also access their course content anytime, which allows them to complete their assignments at their own convenience.
What’s Next for Economics Bachelor’s Degree Holders?
Upon completion of their bachelor’s degree, economics graduates will be qualified to apply for a small number of entry-level jobs. They may be able to find finance positions within smaller companies, for example. As previously emphasized, The BLS strongly recommends that students have a master’s degree in economics in order to qualify for positions in the private sector.
In order to open themselves up to more career opportunities, students are strongly encouraged to further their education with either a graduate degree or doctorate degree in economics. Those with a Ph.D. in economics will have the opportunity to pursue research positions or careers in academia.