Also known as: Economic Science, Applied Economics, Business Economics
In this program, you will explore the fundamental principles that govern how societies allocate scarce resources, make decisions, and interact in markets. You'll gain a deep understanding of both microeconomics (individual and firm behavior) and macroeconomics (national and global economies), learning to analyze economic data, build models, and evaluate public policies. The focus is on developing strong analytical, quantitative, and critical thinking skills applicable to a wide range of real-world challenges.
Social SciencesEconomicsFinanceData AnalysisAnalysisMarket ResearchConsultingQuantitative AnalysisBusiness
A Week as a Student
Your week kicks off with a Principles of Microeconomics lecture, where you learn about supply and demand curves. Later, you tackle a problem set for Calculus I for Economists, working through derivatives related to cost functions. You find a few errors on your first attempt, needing to recheck your steps. Before dinner, you grab a quick coffee with a friend, discussing weekend plans and comparing notes on professors. Evenings are dedicated to reading a chapter from your Microeconomics textbook, trying to solidify concepts before tomorrow's discussion section.
High School Preparation
Required Subjects
Algebra IIPre-Calculus or CalculusEnglish (4 years)Social Studies/HistoryStatistics (recommended)
Recommended GPA
3.3-3.7+
Advanced Courses (AP/IB/Honors)
AP Microeconomics
AP Macroeconomics
AP Statistics
AP Calculus AB or BC
Honors Math
IB Economics
Recommended Activities
High School Debate Club
Future Business Leaders of America (FBLA)
Participation in economic or finance competitions
Student government or Model UN
Math Club or Tutoring
Volunteer work with non-profit organizations
Application Essay Topics
Discuss a current economic issue that profoundly impacts your community and propose potential solutions from an economic perspective.
Describe a time you observed an economic principle in action in your daily life and explain its significance.
How do you believe economic policies can best address the challenges of income inequality or climate change?
Reflect on a book or article that shaped your understanding of economics and why it resonated with you.
Alternative Path
You can begin your journey in economics by earning an Associate's degree at a community college, focusing on general education and introductory economics courses, then transferring to a four-year university. While less common for a pure economics degree, some related fields like data analysis or finance may offer certifications or bootcamps that provide foundational skills.
Core Subjects
Click on "i" to learn more about each subject
Career Prospects
Growing Study Prospects
With a Bachelor's degree in Economics, you can pursue diverse roles such as a Financial Analyst, helping individuals or organizations make investment decisions; a Data Analyst, interpreting complex datasets to inform business strategies; a Market Research Analyst, studying consumer behavior and market trends; a Policy Analyst for government agencies or think tanks; or a Consultant, advising businesses on economic strategy. You can work in banking, finance, government, international organizations, technology companies, or non-profits.
Impact of AI on this Study
AI is significantly transforming economics by enhancing data analysis, predictive modeling, and algorithmic trading. You will learn to utilize AI-powered tools and programming languages like Python or R to analyze vast datasets, build sophisticated economic models, and forecast market trends more accurately. AI also aids in simulating policy impacts and optimizing resource allocation, making it a critical skill for future economists.