Overview of Bachelor's Degree Programs with Double Majors in Physics and Economics
At first glance, physics and economics don't seem to have a lot in common. If you have a love for mathematics and science, though, you may want to consider pursuing a bachelor's degree with double majors in these two areas. Studying physics gives students a solid understanding of scientific research skills and engineering applications. Since economics heavily relies on utilizing critical thinking and problem-solving skills, students who are well versed in physics and economics are adequately prepared to address complex financial needs. Usually, colleges that offer both of these majors separately also allow you to combine the two when earning an undergraduate degree.
Admission Requirements for Double Major in Physics and Economics Programs
Students choosing to earn double majors in physics and economics should expect to encounter typical admission requirement guidelines. For example, it's necessary that applicants provide documentation of a high school diploma or GED certificate. Most schools also require SAT/ACT scores to be submitted. Depending on the institution, admission can be quite competitive, so it's a good idea to continually work towards achieving a high GPA while in high school. Participation in community service initiatives is often sought after as well.
Double Major in Physics and Economics Program Coursework
Regardless of the institution, there are certain core courses that students can expect to run into when majoring in physics and economics. These classes help to give students a strong foundation of knowledge that they will build upon as they encounter higher-level classes.
Introduction to Microeconomics
Students are introduced to the basics of supply and demand. A framework for what drives consumer behaviors and decisions is provided. Principles of production needs are also presented. Students become familiar with more advanced microeconomic policies that will be covered in greater detail during higher-level coursework.
Introduction to Macroeconomics
During this class students explore theories behind national income distribution. They'll also learn driving forces behind economic fluctuations. Domestic and international policies are discussed as well.
During this course, students are familiarized with political-economic systems. This class discusses the role of economic freedom within societies. Essential economics theories are thoroughly covered. Knowledge of these principles is designed to help make sense of the modern world.
General Physics Introduction
Fundamentals of general physics are addressed during this class. Topic examples include energy, electricity, light, and motion. Students are introduced to practical applications, and they'll also explore the role of the atom as it pertains to physics.
Electricity & Magnetism
Students learn about electrostatistics. They'll also become acquainted with Maxwell's equations. Magnetic fields are also explored. This class gives important foundational knowledge that will be used during 300 and 400-level coursework.
This class covers intermediate principles of mechanics. Topics include central forces, small oscillations, and rigid body motion. Newtonian mechanics is also a component introduced.
How to Choose a Bachelor's Degree with Double Majors in Physics and Economics Program
First and foremost, make sure that the institutions you are looking to attend offer both physics and economics majors. It's important to consider career goals when making this decision. You may find that you're interested in a specific concentration, such as international economics, public policy, or business. Overall, make sure that the mission of both departments synchs up with your interests.
Career Options for a Degree with a Double Major in Physics and Economics
Individuals who obtain a degree with majors in economics and physics are well suited for employment in the financial and technology fields. In 2016, the Bureau of Labor Statistics (BLS) reported the median annual earnings of Personal Financial Advisors at $90,530. Furthermore, between the years of 2016 and 2026, job growth in this career path is expected to increase by fifteen percent. Other occupations that may interest you are listed below.