Undergraduate studies in economics usually take four-years to complete and may require an internship. Students who are interested in enrolling in a bachelor's degree program in economics should first earn a high school diploma and take standardized tests, such as the SAT or ACT. They should also have a strong interest in mathematics and economics, and should have transcripts reflecting strong grades in those fields.
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Bachelor's Degree Programs in Economics and Econometrics
The courses found within a bachelor's degree program in economics are designed to introduce students to economic theory and economic models as well as general education courses. Students who are interested in econometrics in particular should ensure that they enroll in an undergraduate program with econometrics courses. Graduates can go on to use their understanding of economic theory and analytic models to analyze real issues related to economic regulation, taxation, inflation and unemployment. Courses include price theory, economic statistics, calculus and financial engineering. Other common courses might include:
- Employment and income theory
- Economic techniques
- Financial markets and analysis
Popular Career Options
Economics is a broad field, and an undergraduate degree in the subject can lead to several specific positions in the financial and public service industries. Some of these include:
- Microeconomists/small business economists
- Industrial economists
- Organizational economists
- Financial economists/monetary economists
- Labor economists
- Public finance economists
- Macroeconomists/historical researcher economists
Employment Outlook and Salary Info
According to the U.S. Bureau of Labor Statistics, economists are expected to see a 6% increase in employment opportunities from 2014-2024. The median annual wages for these workers were $99,180 in May 2015.
Continuing Education Options
Master's degrees and Ph.D. degrees are very common continuing education options in the field of economics and econometrics. The theories in economic study are very advanced in nature, and often employers are looking for economists who have at least a graduate degree in the field. Aspiring economic researchers or professors are often required to have a Ph.D. in economics, microeconomics, macroeconomics or econometrics.
Students interested in econometrics can pursue related training through bachelor's degree programs in economics. These programs may include coursework that covers economic theory, analytic models, economic techniques and econometrics.