Economics is the first choice for students seeking cutting-edge careers and life experiences. It encompasses the study of both domestic and global economic issues using both theoretical and applied tools. Economics is the social science that studies the fundamental problem of resource allocation and economic development and combines a fascinating learning experience with great career options and long-term professional vitality.
Students studying economics have flexibility in course selection for their major or minor once prerequisites are completed.
The Bachelor of Science in Economics is a concentrated program in economics. Its unique feature is that students are advised by faculty members from the Department of Economics to help select an individualized program geared toward their career goals. Those desiring more of a business background may elect to earn a Bachelor of Science degree in Economics. Please refer to the UofL Undergraduate Catalog for the most up-to-date curriculum for the Bachelor of Science in Economics.
Students wishing a more liberal arts background can earn a Bachelor of Arts degree from the College of Business. This allows students considerable flexibility in selecting an educational background suitable for their career aspirations. The curriculum within the department is broad and covers many important areas within economics. Please refer to the UofL Undergraduate Catalog for the most up-to-date curriculum for the Bachelor of Arts in Economics.
The College of Business offers a “Flight Plan” for a BSBA or BA in Economics. Flight Plan is an exciting initiative that enables students to stay on course to graduate in four years or in the time frame of your choice. Click for more information on the Flight Plans.
The Economics Department offers a minor that is an excellent program suitable for any business-related or non-business majors. It provides the academic foundations for all business disciplines as well as helping students develop critical thinking skills. Arts and Sciences students in political science and other policy-related disciplines would also benefit from an economics minor. Please refer to the UofL Undergraduate Catalog for the most up-to-date curriculum for the Minor in Economics. To add a minor to your undergraduate degree, contact an advisor in the Reinhardt Academic Advising Center at (502) 852-7439.
Career Opportunities in Economics
The study of economics prepares students for a wide variety of careers in both economics and related disciplines.
Careers in Economics
The study of economics prepares students for a wide variety of careers in both economics and related disciplines. The Department of Economics focuses on applied microeconomics that provides a broad background for careers in many areas, including urban economics, health care analysis and management, public administration, economic analysis and consulting, as well as banking and finance. Economics also provides an excellent background for postgraduate study in a variety of careers, including law, health care, and related disciplines such as international studies and economic development.
Today the average salary of economists is $70,000. Students with only a bachelors in economics earn an average of $49,000. Government forecasts see continued growth in the profession. An economic education is an asset for life.
There are a variety of career choices for economic majors. Economists hold business, government, and academic positions. The President of UofL is an economist. Besides being an excellent background for many career choices, students specializing in economics have a wide choice of advanced studies in economic theory and its application. Problem-solving skills are learned that are important in both the private and public sectors.
Economics is also an extremely practical field, and a major in economics is an excellent launching pad for careers in business, government, and the law, as well as for specific areas in education, journalism, foreign service, consulting and politics. The analytical skills of an economics major are very useful also in the public and private sectors.
Undergraduate students of economics learn to apply economic models and theory to a mix of government policy and private business problems. Going beyond the Bachelor’s level is becoming increasingly important and is mandatory for high-level and academic careers in economics.
All Departmental faculty, our Reinhardt Academic Advising Center, and the staff of the Ulmer Career Management Center are helpful resources to assist students in making career decisions. This includes course selection, internship and co-op recommendations, and elective course selection to provide the best possible undergraduate preparation.
Economics Faculty are engaged in a wide range of theoretical and applied research. All regularly publish their research in academic journals and practitioner outlets, and are active as consultants, board members, and community volunteers.
- Meet Our Faculty