Bachelor of Economics

Short description: Undergraduate academic degree

A Bachelor of Economics (BEc or BEcon; may also known as Bachelor of Science in Economics) is an academic degree awarded to students who have completed undergraduate studies in economics.

This degree typically encompasses a broad range of topics in the field of economics, including microeconomics, macroeconomics, econometrics, economic history, and international economics. The program aims to provide students with a comprehensive understanding of economic theories, principles, and models, as well as their application in analyzing real-world economic issues. Graduates with a Bachelor of Economics often pursue careers in economic analysis, policy development, finance, and business consulting, or continue their studies in graduate programs.[1][2][3][4][5][6]

## Contents

* 1 Structure
* 2 Curriculum
* 3 See also
* 4 References

## Structure

The BEcon and the specialized degrees [7][8][9] 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; [10] see next section. In the US, a structured "program" is often offered within the College of Arts and Sciences. [11] [12] [10] [13] [14] In the Commonwealth, specialized BCom-Economics degrees are often offered through the commerce faculty. [15] [16] [17] [18] [19] [20] The program is often available as a social science degree. [21][22] Several universities offer a separate 1 year Honours degree, [23] and the program then comprises "3 years plus 1"; often Honours (or Honors in the US) is included in the four year structure. [13] 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, [24] [25] [26] [8] [20] [6] or with other social sciences; [21][22] [27] in the US, economics is often combined with a quantitative subject such as math or computer science.[28] The interdisciplinary "PPE" integrates philosophy and politics with economics. Some business schools offer a joint program with the economics department; [29] [30] similarly, joint-majors are commonly offered with the mathematics department. [31] [32] [33] [34] [35]

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,[36] econometrics / mathematical economics, [37] [38] [39] political economy,[40] agricultural economics,[41] or business economics.[42] Others allow this specialization at the Honours degree level. Some universities offer a "Bachelor of Applied Economics" [43] or similar, [44] which will be career-focused. Degrees in Financial Economics, [45] [46] [7] [47] integrate finance into the economics program, as opposed to via a second major.

## Curriculum

Further information: Economics education § Curriculum, and Outline of economics

Typically, [10] [48] [49] [50] the core-degree comprises microeconomics, macroeconomics and econometrics; while mathematical economics is sometimes required.[18][51] 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. 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.[14]

Electives [49][48] 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.[52] [53]

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 often include these, and may also require 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", [54] essentially a (detailed) survey of the topics mentioned above re US students; [55] see Business mathematics § Undergraduate. Statistics is similarly extended,[56][17] often within the math course, as underpin to the econometrics coursework. The specialized BSc programs are often more math intensive than the BA programs.[9] Similarly, the Honors track will have additional math requirements.[13]

## See also

* Economics education
* Economist § Professions
* Master of Economics
* Outline of economics
* Philosophy, Politics and Economics degree
* Test of Understanding in College Economics
* Related degrees:
* Bachelor of Social Science
* Business and management degrees
* Bachelor of Finance

## References

1. ↑ "Concentrations" (in en-US). https://undergrad.wharton.upenn.edu/concentrations/.
2. ↑ "Undergraduate - FBE - HKU" (in en). https://ug.hkubs.hku.hk/programme/becon.
3. ↑ Queensland, The University of. "Bachelor of Economics - Study - The University of Queensland" (in en). https://study.uq.edu.au/study-options/programs/bachelor-economics-2467.
4. ↑ "Bachelor of Economics | UDEM" (in en). https://www.udem.edu.mx/en/business/programs/bachelor-economics.
5. ↑ "北京大学经济学院本科项目". https://econ.pku.edu.cn/jxxm/bkxm/index.htm.
6. ↑ 6.0 6.1 "Economics, Management, Finance and the Social Sciences" , University of London
7. ↑ 7.0 7.1 "Economics Specialist" , University of Toronto
8. ↑ 8.0 8.1 "Economics as an expanded subject" , Bar Ilan University
9. ↑ 9.0 9.1 What can you do with an economics degree? , Times Higher Education
10. ↑ 10.0 10.1 10.2 Course Information , UCLA
11. ↑ Undergraduate Program , MIT
12. ↑ Undergraduate Program , Princeton University
13. ↑ 13.0 13.1 13.2 Concentration Requirements[yes|permanent dead link|dead link}}], Harvard
14. ↑ 14.0 14.1 Degree Requirements[yes|permanent dead link|dead link}}], The New School
15. ↑ Economics , Victoria University of Wellington
16. ↑ Undergraduate study in Economics , University of Auckland
17. ↑ 17.0 17.1 BCom (Economic Sciences) , Stellenbosch University
18. ↑ 18.0 18.1 BCom Economics , University of the Witwatersrand
19. ↑ Bachelor of Commerce in Economics , University of South Africa
20. ↑ 20.0 20.1 ECONOMICS , University of Western Australia
21. ↑ 21.0 21.1 BA (Honours) Social Sciences (Economics) , Open University
22. ↑ 22.0 22.1 Bachelor of Social Science Degree Majoring in Economics , University of Cape Town
23. ↑ Bachelor of Economics (Honours), Australian National University
24. ↑ "Bachelor of Economics [BEcon"]. https://www.fbe.hku.hk/academic-programmes/undergraduate/becon.
25. ↑ Economics and Management , University of Oxford
26. ↑ Bachelor of Commerce, University of the South Pacific
27. ↑ Major in Business, Economics, and Society and Major in International Political Economy, Colorado College
28. ↑ Wendy A. Stock (2017). Trends in Economics and Other Undergraduate Majors . American Economic Review, vol. 107, no. 5, May 2017 (pp. 644-49)
29. ↑ BS in Economics , Wharton
30. ↑ BA(Hons) in Economics and Management , Saïd Business School
31. ↑ B.S. in Joint Mathematics-Economics , UCSD
32. ↑ Economics and Mathematics , Yale University
33. ↑ Mathematics and Economics BSc , University of Nottingham
34. ↑ Applied Math/Economics , Harvard
35. ↑ Math Econ Major, Colorado College
36. ↑ BSc Development Economics , SOAS
37. ↑ BSc Econometrics and Mathematical Economics[yes|permanent dead link|dead link}}], London School of Economics
38. ↑ BCom Honours Econometrics , University of Johannesburg
39. ↑ Major in Mathematical Economics , University of Kentucky
40. ↑ Bachelor in Political Economy , Norwegian University of Science and Technology
41. ↑ B.S. Agricultural Economics: Applied Economics , University of Idaho
42. ↑ Business Economics, B.S., University of Wyoming
43. ↑ Bachelor of Applied Economics , Massey University
44. ↑ Undergraduate Program in Applied Economics & Management , Dyson, Cornell
45. ↑ Financial Economics BSc (Hons) , City University - London
46. ↑ Financial Economics (BSc) , Birkbeck
47. ↑ Bachelor of Science in Financial Economics , UMBC
48. ↑ 48.0 48.1 "Economics Major and Minor" , University of Pittsburgh
49. ↑ 49.0 49.1 Economics Major , Stanford University
50. ↑ Bachelor of Economics - Degree Structure , University of Adelaide
51. ↑ BCom with specialisation in Economics , University of the Free State
52. ↑ Courses and Requirements: Economics , Hamilton College
53. ↑ BA Economics Major , University Of Colorado Boulder
54. ↑ Open textbooks include:
* Katherine Eyal (2014). Mathematics for Economists
* Frank Werner and Yuri Sotsko (2006). Mathematics of Economics and Business
* Bruno Belevan, et al. (2020). Optimal, Integral, Likely: Optimization, Integral Calculus, and Probability for Students of Commerce and the Social Sciences
55. ↑ See for example these sequences. UQ: i , ii , iii ; UCT: i[yes|permanent dead link|dead link}}], ii[yes|permanent dead link|dead link}}], iii . The final in both cases is at masters level and includes analysis. Some universities - UJ, for example \- title the sequence "Quantitative Economics".
56. ↑ BA Economics , SOAS

* v
* t
* e

Economics

* Economic theory
* Political economy
* Applied economics

Methodology|

* Economic model
* Economic systems
* Microfoundations
* Mathematical economics
* Econometrics
* Computational economics
* Experimental economics
* Publications

Microeconomics|

* Aggregation problem
* Budget set
* Consumer choice
* Convexity
* Cost
* Average
* Marginal
* Opportunity
* Social
* Sunk
* Transaction
* Cost–benefit analysis
* Deadweight loss
* Distribution
* Economies of scale
* Economies of scope
* Elasticity
* Equilibrium
* General
* Externality
* Firm
* Goods and services
* Goods
* Service
* Indifference curve
* Interest
* Intertemporal choice
* Market
* Market failure
* Market structure
* Competition
* Monopolistic
* Perfect
* Monopoly
* Bilateral
* Monopsony
* Oligopoly
* Oligopsony
* Non-convexity
* Pareto efficiency
* Preference
* Price
* Production set
* Profit
* Public good
* Rate of profit
* Rationing
* Rent
* Returns to scale
* Risk aversion
* Scarcity
* Shortage
* Surplus
* Social choice
* Supply and demand
* Trade
* Uncertainty
* Utility
* Expected
* Marginal
* Value
* Wage
* Publications

Macroeconomics|

* Aggregate demand
* Balance of payments
* Business cycle
* Capacity utilization
* Capital flight
* Central bank
* Consumer confidence
* Currency
* Deflation
* Demand shock
* Depression
* Great
* Disinflation
* DSGE
* Effective demand
* Expectations
* Adaptive
* Rational
* Fiscal policy
* General Theory of Keynes
* Growth
* Indicators
* Inflation
* Hyperinflation
* Interest rate
* Investment
* IS–LM model
* Measures of national income and output
* Models
* Money
* Creation
* Demand
* Supply
* Monetary policy
* NAIRU
* National accounts
* Price level
* PPP
* Recession
* Saving
* Shrinkflation
* Stagflation
* Supply shock
* Unemployment
* Publications

Mathematical
economics|

* Contract theory
* Decision theory
* Econometrics
* Game theory
* Input–output model
* Mathematical finance
* Mechanism design
* Operations research

Applied fields|

* Agricultural
* Business
* Demographic
* Development
* Economic geography
* Economic history
* Education
* Industrial Engineering
* Civil Engineering
* Environmental
* Financial
* Health
* Industrial organization
* International
* Knowledge
* Labour
* Law and economics
* Monetary
* Natural resource
* Economic planning
* Economic policy
* Public economics
* Public choice
* Regional
* Service
* Socioeconomics
* Economic sociology
* Economic statistics
* Transportation
* Urban
* Welfare

Schools (history)
of economic thought

* American (National)
* Ancient thought
* Anarchist
* Mutualism
* Austrian
* Behavioral
* Buddhist
* Chartalism
* Modern Monetary Theory
* Chicago
* Classical
* Disequilibrium
* Ecological
* Evolutionary
* Feminist
* Georgism
* Heterodox
* Historical
* Institutional
* Keynesian
* Neo- (neoclassical–Keynesian synthesis)
* New
* Post-
* Circuitism
* Mainstream
* Malthusianism
* Marginalism
* Marxian
* Neo
* Mercantilism
* Neoclassical
* Lausanne
* New classical
* Real business-cycle theory
* New institutional
* Physiocracy
* Socialist
* Stockholm
* Supply-side
* Thermoeconomics

Notable economists
and thinkers
within economics

* François Quesnay
* Adam Smith
* David Ricardo
* Thomas Robert Malthus
* Johann Heinrich von Thünen
* Friedrich List
* Hermann Heinrich Gossen
* Jules Dupuit
* Antoine Augustin Cournot
* John Stuart Mill
* Karl Marx
* William Stanley Jevons
* Henry George
* Léon Walras
* Alfred Marshall
* Georg Friedrich Knapp
* Francis Ysidro Edgeworth
* Vilfredo Pareto
* Friedrich von Wieser
* John Bates Clark
* Thorstein Veblen
* John R. Commons
* Irving Fisher
* Wesley Clair Mitchell
* John Maynard Keynes
* Joseph Schumpeter
* Arthur Cecil Pigou
* Frank Knight
* John von Neumann
* Alvin Hansen
* Jacob Viner
* Edward Chamberlin
* Ragnar Frisch
* Harold Hotelling
* Michał Kalecki
* Oskar R. Lange
* Jacob Marschak
* Gunnar Myrdal
* Abba P. Lerner
* Roy Harrod
* Piero Sraffa
* Simon Kuznets
* Joan Robinson
* E. F. Schumacher
* Friedrich Hayek
* John Hicks
* Tjalling Koopmans
* Nicholas Georgescu-Roegen
* Wassily Leontief
* John Kenneth Galbraith
* Hyman Minsky
* Herbert A. Simon
* Milton Friedman
* Paul Samuelson
* Kenneth Arrow
* William Baumol
* Gary Becker
* Elinor Ostrom
* Robert Solow
* Amartya Sen
* Robert Lucas Jr.
* Joseph Stiglitz
* Richard Thaler
* Paul Krugman
* Thomas Piketty
* more

International
organizations|

* Asia-Pacific Economic Cooperation
* Economic Cooperation Organization
* European Free Trade Association
* International Monetary Fund
* Organisation for Economic Co-operation and Development
* World Bank
* World Trade Organization

* Category
* Index
* Lists
* Outline
* Publications
Business and economics portal

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Bachelor of Economics. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Finance:Bachelor_of_Economics&oldid=1054633"
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template