Bachelor of Economics

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Template:Short description Script error: No such module "redirect hatnote". A Bachelor of Economics (BEc or BEcon)[1][2] is an academic degree, awarded to students who have completed specialised undergraduate studies in economics. Variants include the "Bachelor of Economic Science",[3] and "tagged" degrees such as BA (Econ), BS (Econ) / BSc (Econ), BCom (Econ), and BSocSc (Econ).[4]

These degrees aim to provide students with a comprehensive understanding of economic theories, principles, and models, and their application in analyzing real-world economic issues. Graduates often pursue careers in[2][1] economic analysis, policy development, finance, and business consulting, or continue their studies in graduate programs.

The program encompasses a broad range of topics in the field of economics, including microeconomics, macroeconomics, econometrics, economic history, and international economics. It is, at the same time, substantially more theoretical and mathematically rigorous than the economics major within generalist undergraduate degrees (e.g. BBA, BA or BCom).[2][1]

Structure

The BEcon and the specialized degrees [5][6][1] each have their own structure, differing by university. Generally, though, the curriculum is built around a core of theory, to which is added courses in the various branches, and areas of application; [7] see next section. In the US, a structured "program" is often offered within the College of Arts and Sciences. [8] [9] [7] [10] [11] In the Commonwealth, specialized BCom-Economics degrees are often offered through the commerce faculty. [12] [13] [14] [15] [16] [17] The program is often available as a social science degree. [18][19] Several universities offer a separate 1 year Honours degree, [20] and the program then comprises "3 years plus 1"; often, Honours (US, Honors) is included in the four year structure. [10] An Honours research-thesis will be required.

Under both specialized and general programs, economics is often combined with a second major in finance or management, [21] [22] [23] [6] [17] [24] or with other social sciences; [18][19] [25] in the US, economics is often combined with a quantitative subject such as math or computer science.[26] The interdisciplinary "PPE" integrates philosophy and politics with economics. Some business schools offer a joint program with the economics department; [27] [28] similarly, joint-majors are commonly offered with the mathematics department. [29] [30] [31] [32] [33]

Some universities allow that the degree as a whole may be further specialized; either in one of the applied areas, or, more common, in one of the major branches, often development economics,[34] econometrics / mathematical economics, [35] [36] [37] political economy,[38] agricultural economics,[39] or business economics.[40] Others allow this specialization at the Honours degree level. Some universities offer a "Bachelor of Applied Economics" [41] or similar, [42] which will be career-focused. Degrees in Financial Economics, [43] [44] [5] [45] integrate finance into the economics program, as opposed to via a second major.

Curriculum

Template:See Typically, [7] [46] [47] [48] the core-degree comprises microeconomics, macroeconomics and econometrics; while mathematical economics is sometimes required.[15][49] Micro- and macroeconomics are taught through the "intermediate" level, preparing the student for the "advanced" postgraduate courses. Macroeconomics extends to a discussion of the more advanced models of the economy, differences here between schools, and the related policy analysis; microeconomics extends to general equilibrium, to an analytic approach to demand with curves derived from utility functions, and to game theory as applied to competition, and hence supply. Some programs then specify a course in microfoundations, where the macroeconomic models are derived by aggregating microeconomic models. Econometrics is intended to give empirical content to these economic relationships, and here focuses on the single-equation methods largely linear regression, and time series; students are trained on packages such as STATA, EViews and R.

Building on this core, are courses in the major branches of economics: monetary economics, international economics, development economics, labor economics, and welfare economics. Social science oriented degrees may emphasize economic statistics and political economy; and often do not require econometrics or mathematical economics. History of economic thought and economic history may be included in either variant.[11]

Electives [47][46] may be offered in the above branches, or in various areas of applied economics, such as agricultural economics, environmental economics, resource economics, managerial economics, and financial economics. Mathematical economics is often an elective; it is generally recommended for those intending graduate training in Economics. In the US, these students will often also study selected math-courses in multivariable calculus, differential equations, linear algebra, optimization, and sometimes analysis.[50][51]

Co-requisite courses from outside of economics are invariably a program requirement. Common to all business programs are introductory or business statistics, and "quantitative techniques", comprising basic calculus, interest calculations, and sometimes matrix operations; the social science programs sometimes include these, and may also require credits in sociology and psychology. Some knowledge of accountancy or management may be assumed in the "applied courses"; credits in these are usually inherent in the business degree.

Most specialized programs require further "Mathematics for Economists", [52] essentially a (detailed) survey of the topics mentioned above re US students; [53] see Template:Slink. Statistics is similarly extended,[54][14] often within the math course, as underpin to the econometrics coursework. The specialized BSc programs are often more math intensive than the BA programs.[1] Similarly, the Honors track will have additional math requirements.[10]

See also

References

Template:Reflist

Template:Economics

  1. ↑ a b c d e What can you do with an economics degree? Template:Webarchive, Times Higher Education
  2. ↑ a b c Bureau of Labor Statistics: How to Become an Economist
  3. ↑ Script error: No such module "citation/CS1".
  4. ↑ Script error: No such module "citation/CS1".
  5. ↑ a b "Economics Specialist" Template:Webarchive, University of Toronto
  6. ↑ a b "Economics as an expanded subject" Template:Webarchive, Bar Ilan University
  7. ↑ a b c Course Information Template:Webarchive, UCLA
  8. ↑ Undergraduate Program Template:Webarchive, MIT
  9. ↑ Undergraduate Program Template:Webarchive, Princeton University
  10. ↑ a b c Concentration Requirements, Harvard
  11. ↑ a b Degree RequirementsTemplate:Dead link, The New School
  12. ↑ Economics Template:Webarchive, Victoria University of Wellington
  13. ↑ Undergraduate study in Economics Template:Webarchive, University of Auckland
  14. ↑ a b BCom (Economic Sciences) Template:Webarchive, Stellenbosch University
  15. ↑ a b BCom Economics Template:Webarchive, University of the Witwatersrand
  16. ↑ Bachelor of Commerce in Economics Template:Webarchive, University of South Africa
  17. ↑ a b ECONOMICS Template:Webarchive, University of Western Australia
  18. ↑ a b BA (Honours) Social Sciences (Economics) Template:Webarchive, Open University
  19. ↑ a b Bachelor of Social Science Degree Majoring in Economics Template:Webarchive, University of Cape Town
  20. ↑ Bachelor of Economics (Honours), Australian National University
  21. ↑ Script error: No such module "citation/CS1".
  22. ↑ Economics and Management Template:Webarchive, University of Oxford
  23. ↑ Bachelor of Commerce, University of the South Pacific
  24. ↑ "Economics, Management, Finance and the Social Sciences" Template:Webarchive, University of London
  25. ↑ Major in Business, Economics, and Society and Major in International Political Economy, Colorado College
  26. ↑ Wendy A. Stock (2017). Trends in Economics and Other Undergraduate Majors Template:Webarchive. American Economic Review, vol. 107, no. 5, May 2017 (pp. 644-49)
  27. ↑ BS in Economics Template:Webarchive, Wharton
  28. ↑ BA(Hons) in Economics and Management Template:Webarchive, Saïd Business School
  29. ↑ B.S. in Joint Mathematics-Economics Template:Webarchive, UCSD
  30. ↑ Economics and Mathematics Template:Webarchive, Yale University
  31. ↑ Mathematics and Economics BSc Template:Webarchive, University of Nottingham
  32. ↑ Applied Math/Economics Template:Webarchive, Harvard
  33. ↑ Math Econ Major, Colorado College
  34. ↑ BSc Development Economics Template:Webarchive, SOAS
  35. ↑ BSc Econometrics and Mathematical EconomicsTemplate:Dead link, London School of Economics
  36. ↑ BCom Honours Econometrics Template:Webarchive, University of Johannesburg
  37. ↑ Major in Mathematical Economics Template:Webarchive, University of Kentucky
  38. ↑ Bachelor in Political Economy Template:Webarchive, Norwegian University of Science and Technology
  39. ↑ B.S. Agricultural Economics: Applied Economics Template:Webarchive, University of Idaho
  40. ↑ Business Economics, B.S., University of Wyoming
  41. ↑ Bachelor of Applied Economics Template:Webarchive, Massey University
  42. ↑ Undergraduate Program in Applied Economics & Management Template:Webarchive, Dyson, Cornell
  43. ↑ Financial Economics BSc (Hons) Template:Webarchive, City University - London
  44. ↑ Financial Economics (BSc) Template:Webarchive, Birkbeck
  45. ↑ Bachelor of Science in Financial Economics Template:Webarchive, UMBC
  46. ↑ a b "Economics Major and Minor" Template:Webarchive, University of Pittsburgh
  47. ↑ a b Economics Major Template:Webarchive, Stanford University
  48. ↑ Bachelor of Economics - Degree Structure Template:Webarchive, University of Adelaide
  49. ↑ BCom with specialisation in Economics Template:Webarchive, University of the Free State
  50. ↑ Courses and Requirements: Economics Template:Webarchive, Hamilton College
  51. ↑ BA Economics Major Template:Webarchive, University Of Colorado Boulder
  52. ↑ Open textbooks include:
  53. ↑ See for example these sequences. UQ: i Template:Webarchive, ii Template:Webarchive, iii Template:Webarchive; UCT: i, ii, iii Template:Webarchive. The final in both cases is at masters level and includes analysis. Some universities - UJ, for example - title the sequence "Quantitative Economics".
  54. ↑ BA Economics Template:Webarchive, SOAS
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