Applied Economics Specialization

The Applied Economics specialization is available to undergraduates in the Bachelor of Science in Business Administration program at Stuart School of Business.

This specialization provides students with comprehensive scientific, mathematical, and applied skill sets required for testing and applying economic models within real-world settings. It also prepares students with critical thinking skills for evaluating and improving methods that investigate economic components that influence individual, system, and societal-level variables.

The variety of elective courses in the Applied Economics specialization allows students the flexibility to customize it for their academic interests and career goals.

Careers

Knowledge of economics is an excellent preparation for jobs in government, financial institutions, consulting firms, and academia.

Economics is one of the 20 most profitable college majors according to PayScale.com, and the opportunities for wage growth are high, particularly with further education.

According to the U.S. Bureau of Labor Statistics, employment of economists is projected to grow 13 percent from 2020 to 2030, faster than the average for all occupations. Many of the new jobs for these workers are expected to be in firms that specialize in research and consulting services.

Courses

In addition to courses required for the business administration major, the Applied Economics specialization requires a minimum of six courses (18 credit hours). Each course listed below is three credit hours.

Note: PSYC 203 replaces BUS 221 in the Business core requirements.

Required courses:

  • BUS 382—Business Economics
  • BUS 452—International Finance
  • PSYC 203—Undergraduate Statistics for the Behavioral Sciences

Choose three courses from the following:

  • MATH 332—Elementary Linear Algebra
  • MATH 425—Statistical Methods
  • PS 360—Global Political Economy
  • PSYC 320—Applied Correlation and Regression
  • MBA 505—Microeconomics and Game Theory
  • PA 580—Policy Evaluation Analytics