Bachelor of Economics

{{Short description|Undergraduate academic degree}}

{{Redirect|BEc|other uses|Bec (disambiguation){{!}}Bec|and|BEC (disambiguation){{!}}BEC}}

A Bachelor of Economics (BEc or BEcon)Bureau of Labor Statistics: [https://www.bls.gov/ooh/life-physical-and-social-science/economists.htm#tab-4 How to Become an Economist] is an academic degree in some countries, awarded to students who have completed undergraduate studies in economics. There are also variants such as the "Bachelor of Economic Science".{{Cite web |title=Bachelor of Economic Science |url=https://www.wits.ac.za/course-finder/undergraduate/clm/economic-science/|access-date=2022-12-19|website=wits.ac.za }}

These degrees typically encompass 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, and their application in analyzing real-world economic issues.

The curriculum is usually substantially more theoretical and mathematically rigorous than the economics major and classes offered for other types of undergraduate degrees (e.g. BBA, BA or BCom).

Graduates often pursue careers in economic analysis, policy development, finance, and business consulting, or continue their studies in graduate programs.

Structure

The BEcon and the specialized degrees [https://www.economics.utoronto.ca/index.php/index/undergraduate/load/overview "Economics Specialist"] {{Webarchive|url=https://web.archive.org/web/20200521235803/https://www.economics.utoronto.ca/index.php/index/undergraduate/load/overview |date=2020-05-21 }}, University of Toronto[https://www1.biu.ac.il/indexE.php?id=7466&pt=1&pid=7305&level=0&cPath=7466 "Economics as an expanded subject"] {{Webarchive|url=https://web.archive.org/web/20200215152650/https://www1.biu.ac.il/indexE.php?id=7466&pt=1&pid=7305&level=0&cPath=7466 |date=2020-02-15 }}, Bar Ilan University 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; see next section.

In the US, a structured "program"

is often offered within the College of Arts and Sciences.

[https://economics.mit.edu/under Undergraduate Program] {{Webarchive|url=https://web.archive.org/web/20200528221425/http://economics.mit.edu/under |date=2020-05-28 }}, MIT

[https://economics.princeton.edu/undergraduate-program/ Undergraduate Program] {{Webarchive|url=https://web.archive.org/web/20200524031104/https://economics.princeton.edu/undergraduate-program/ |date=2020-05-24 }}, Princeton University

[https://economics.ucla.edu/undergraduate/course-information/ Course Information] {{Webarchive|url=https://web.archive.org/web/20200405230906/https://economics.ucla.edu/undergraduate/course-information/ |date=2020-04-05 }}, UCLA

In the Commonwealth, specialized BCom-Economics degrees are often offered through the commerce faculty.

[https://www.wgtn.ac.nz/explore/study-areas/economics-and-finance/study?subject=economics Economics] {{Webarchive|url=https://web.archive.org/web/20221002210816/https://www.wgtn.ac.nz/explore/study-areas/economics-and-finance/study?subject=economics |date=2022-10-02 }}, Victoria University of Wellington

[https://www.auckland.ac.nz/en/study/study-options/find-a-study-option/economics/undergraduate.html Undergraduate study in Economics] {{Webarchive|url=https://web.archive.org/web/20210709181518/https://www.auckland.ac.nz/en/study/study-options/find-a-study-option/economics/undergraduate.html |date=2021-07-09 }}, University of Auckland

[http://www.sun.ac.za/english/maties/Pages/WhatCanIStudy-Undergraduate2.aspx BCom (Economic Sciences)] {{Webarchive|url=https://web.archive.org/web/20200530092826/http://www.sun.ac.za/english/maties/Pages/WhatCanIStudy-Undergraduate2.aspx |date=2020-05-30 }}, Stellenbosch University

[https://www.wits.ac.za/bcom/economics/ BCom Economics] {{Webarchive|url=https://web.archive.org/web/20221002210824/https://www.wits.ac.za/bcom/economics/ |date=2022-10-02 }}, University of the Witwatersrand

[https://www.unisa.ac.za/sites/corporate/default/Apply-for-admission/Undergraduate-qualifications/Qualifications/All-qualifications/Bachelor-of-Commerce-in-Economics-(98305-%E2%80%93-ECS) Bachelor of Commerce in Economics] {{Webarchive|url=https://web.archive.org/web/20200723083738/https://www.unisa.ac.za/sites/corporate/default/Apply-for-admission/Undergraduate-qualifications/Qualifications/All-qualifications/Bachelor-of-Commerce-in-Economics-%2898305-%E2%80%93-ECS%29 |date=2020-07-23 }}, University of South Africa

[https://www.uwa.edu.au/study/courses/economics ECONOMICS] {{Webarchive|url=https://web.archive.org/web/20200416053024/https://www.uwa.edu.au/study/courses/economics |date=2020-04-16 }}, University of Western Australia

The program is often available as a social science degree.

[http://www.open.ac.uk/courses/social-sciences/degrees/ba-social-sciences-economics-r23-econ BA (Honours) Social Sciences (Economics)] {{Webarchive|url=https://web.archive.org/web/20200315144910/http://www.open.ac.uk/courses/social-sciences/degrees/ba-social-sciences-economics-r23-econ |date=2020-03-15 }}, Open University

Several universities offer a separate 1 year Honours degree, [https://programsandcourses.anu.edu.au/program/hecon Bachelor of Economics (Honours)], Australian National University and the program then comprises "3 years plus 1"; often, Honours (US, Honors) is included in the four year structure. [https://web.archive.org/web/20141001025548/http://economics.harvard.edu/concentration-requirements Concentration Requirements], Harvard 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,

{{Cite web |url=https://www.fbe.hku.hk/academic-programmes/undergraduate/becon |title=Bachelor of Economics [BEcon] |website=University of Hong Kong |access-date=2018-10-17 |archive-date=2018-10-16 |archive-url=https://web.archive.org/web/20181016125748/http://www.fbe.hku.hk/academic-programmes/undergraduate/becon |url-status=dead }}

[https://www.ox.ac.uk/admissions/undergraduate/courses/course-listing/economics-and-management Economics and Management] {{Webarchive|url=https://web.archive.org/web/20220509081617/https://www.ox.ac.uk/admissions/undergraduate/courses/course-listing/economics-and-management |date=2022-05-09 }}, University of Oxford

[https://www.usp.ac.fj/index.php?id=20487#BACHELORCOMMERCE Bachelor of Commerce], University of the South Pacific

[https://london.ac.uk/sites/default/files/prospectuses/emfss-prospectus.pdf "Economics, Management, Finance and the Social Sciences"] {{Webarchive|url=https://web.archive.org/web/20211222090325/https://london.ac.uk/sites/default/files/prospectuses/emfss-prospectus.pdf |date=2021-12-22 }}, University of London

or with other social sciences;

[https://www.commerce.uct.ac.za/Economics/Pages/Bachelor-of-Social-Science-Degree-Majoring-in-Economics Bachelor of Social Science Degree Majoring in Economics] {{Webarchive|url=https://web.archive.org/web/20180821054857/http://www.commerce.uct.ac.za/Economics/Pages/Bachelor-of-Social-Science-Degree-Majoring-in-Economics |date=2018-08-21 }}, University of Cape Town

[https://www.coloradocollege.edu/academics/dept/economics/department-majors/besoc.html Major in Business, Economics, and Society] and [https://www.coloradocollege.edu/academics/dept/economics/department-majors/ipe.html Major in International Political Economy], Colorado College

in the US, economics is often combined with a quantitative subject such as math or computer science.Wendy A. Stock (2017). [https://www.aeaweb.org/articles?id=10.1257/aer.p20171067 Trends in Economics and Other Undergraduate Majors] {{Webarchive|url=https://web.archive.org/web/20200220103058/https://www.aeaweb.org/articles?id=10.1257%2Faer.p20171067 |date=2020-02-20 }}. American Economic Review, vol. 107, no. 5, May 2017 (pp. 644-49)

The interdisciplinary "PPE" integrates philosophy and politics with economics.

Some business schools offer a joint program with the economics department;

[https://undergrad.wharton.upenn.edu/academics/bs-in-economics/ BS in Economics] {{Webarchive|url=https://web.archive.org/web/20200603120127/https://undergrad.wharton.upenn.edu/academics/bs-in-economics/ |date=2020-06-03 }}, Wharton

[https://www.sbs.ox.ac.uk/programmes/bahons-economics-and-management BA(Hons) in Economics and Management] {{Webarchive|url=https://web.archive.org/web/20200612122725/https://www.sbs.ox.ac.uk/programmes/bahons-economics-and-management |date=2020-06-12 }}, Saïd Business School

similarly, joint-majors are commonly offered with the mathematics department.

[https://economics.ucsd.edu/undergraduate-program/major-minor-requirements/joint-econ-math-major-ba.html B.S. in Joint Mathematics-Economics] {{Webarchive|url=https://web.archive.org/web/20200615081320/https://economics.ucsd.edu/undergraduate-program/major-minor-requirements/joint-econ-math-major-ba.html |date=2020-06-15 }}, UCSD

[http://catalog.yale.edu/ycps/subjects-of-instruction/economics-mathematics/ Economics and Mathematics] {{Webarchive|url=https://web.archive.org/web/20221002210822/http://catalog.yale.edu/ycps/subjects-of-instruction/economics-mathematics/ |date=2022-10-02 }}, Yale University

[https://www.nottingham.ac.uk/ugstudy/course/Mathematics-and-Economics-BSc Mathematics and Economics BSc] {{Webarchive|url=https://web.archive.org/web/20200615075936/https://www.nottingham.ac.uk/ugstudy/course/Mathematics-and-Economics-BSc |date=2020-06-15 }}, University of Nottingham

[https://economics.harvard.edu/applied-matheconomics Applied Math/Economics] {{Webarchive|url=https://web.archive.org/web/20200812114938/https://economics.harvard.edu/applied-matheconomics |date=2020-08-12 }}, Harvard

[https://www.coloradocollege.edu/academics/curriculum/catalog/departmental/mathematical-economics/ Math Econ Major], Colorado College

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,[https://www.soas.ac.uk/economics/programmes/bscdevecon/ BSc Development Economics] {{Webarchive|url=https://web.archive.org/web/20200928124744/https://www.soas.ac.uk/economics/programmes/bscdevecon/ |date=2020-09-28 }}, SOAS

econometrics / mathematical economics,

[http://www.use.ac.uk/study-at-lse/Undergraduate/Degree-programmes-2021/BSc-Econometrics-and-Mathematical-Economics BSc Econometrics and Mathematical Economics]{{Dead link|date=September 2023 |bot=InternetArchiveBot |fix-attempted=yes }}, London School of Economics

[https://www.uj.ac.za/faculties/fefs/economics/Pages/Courses-and-Programmes.aspx BCom Honours Econometrics] {{Webarchive|url=https://web.archive.org/web/20210412025746/https://www.uj.ac.za/faculties/fefs/economics/Pages/Courses-and-Programmes.aspx |date=2021-04-12 }}, University of Johannesburg

[https://www.as.uky.edu/mathematical-economics Major in Mathematical Economics] {{Webarchive|url=https://web.archive.org/web/20200614103025/https://www.as.uky.edu/mathematical-economics |date=2020-06-14 }}, University of Kentucky

political economy,[https://www.ntnu.edu/studies/bpolok Bachelor in Political Economy] {{Webarchive|url=https://web.archive.org/web/20210628113535/https://www.ntnu.edu/studies/bpolok |date=2021-06-28 }}, Norwegian University of Science and Technology

agricultural economics,[https://www.uidaho.edu/cals/agricultural-economics-and-rural-sociology/bs-applied-econ B.S. Agricultural Economics: Applied Economics] {{Webarchive|url=https://web.archive.org/web/20221002210828/https://www.uidaho.edu/cals/agricultural-economics-and-rural-sociology/bs-applied-econ |date=2022-10-02 }}, University of Idaho

or business economics.[https://acalogcatalog.uwyo.edu/preview_program.php?catoid=13&poid=13791&returnto=1159 Business Economics, B.S.], University of Wyoming

Others allow this specialization at the Honours degree level.

Some universities offer a "Bachelor of Applied Economics"

[https://www.massey.ac.nz/massey/learning/programme-course/programme.cfm?prog_id=93016 Bachelor of Applied Economics] {{Webarchive|url=https://web.archive.org/web/20200608082830/https://www.massey.ac.nz/massey/learning/programme-course/programme.cfm?prog_id=93016 |date=2020-06-08 }}, Massey University

or similar,

[https://dyson.cornell.edu/programs/undergraduate/ Undergraduate Program in Applied Economics & Management] {{Webarchive|url=https://web.archive.org/web/20200604000830/https://dyson.cornell.edu/programs/undergraduate/ |date=2020-06-04 }}, Dyson, Cornell

which will be career-focused.

Degrees in Financial Economics,

[https://www.city.ac.uk/study/courses/undergraduate/financial-economics#course-content Financial Economics BSc (Hons)] {{Webarchive|url=https://web.archive.org/web/20200521235814/https://www.city.ac.uk/study/courses/undergraduate/financial-economics#course-content |date=2020-05-21 }}, City University - London

[http://www.bbk.ac.uk/study/2020/undergraduate/programmes/UUBSFIEC_C/ Financial Economics (BSc)] {{Webarchive|url=https://web.archive.org/web/20200515215347/http://www.bbk.ac.uk/study/2020/undergraduate/programmes/UUBSFIEC_C |date=2020-05-15 }}, Birkbeck

[https://economics.umbc.edu/bs-in-financial-economics/ Bachelor of Science in Financial Economics] {{Webarchive|url=https://web.archive.org/web/20200521235748/https://economics.umbc.edu/bs-in-financial-economics/ |date=2020-05-21 }}, UMBC

integrate finance into the economics program, as opposed to via a second major.

Curriculum

{{see|Economics education #Curriculum|Outline of economics}}

Typically,

[https://www.asundergrad.pitt.edu/sites/default/files/ECON.pdf "Economics Major and Minor"] {{Webarchive|url=https://web.archive.org/web/20200128011217/https://www.asundergrad.pitt.edu/sites/default/files/ECON.pdf |date=2020-01-28 }}, University of Pittsburgh

[https://economics.stanford.edu/undergraduate/major Economics Major] {{Webarchive|url=https://web.archive.org/web/20221002210823/https://economics.stanford.edu/major |date=2022-10-02 }}, Stanford University

[https://www.adelaide.edu.au/degree-finder/bec_becon.html#df-acc-degree_structure_parent Bachelor of Economics - Degree Structure] {{Webarchive|url=https://web.archive.org/web/20200519133427/https://www.adelaide.edu.au/degree-finder/bec_becon.html#df-acc-degree_structure_parent |date=2020-05-19 }}, University of Adelaide

the core-degree comprises microeconomics, macroeconomics and econometrics;

while mathematical economics is sometimes required.[https://apps.ufs.ac.za/dl/yearbooks/346_yearbook_eng.pdf BCom with specialisation in Economics] {{Webarchive|url=https://web.archive.org/web/20200919163244/https://apps.ufs.ac.za/dl/yearbooks/346_yearbook_eng.pdf |date=2020-09-19 }}, University of the Free State

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.[https://www.newschool.edu/lang/economics-degree-requirements/Economics Degree Requirements]{{Dead link|date=September 2023 |bot=InternetArchiveBot |fix-attempted=yes }}, The New School

Electives 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.[https://www.hamilton.edu/academics/departments/Courses-and-Requirements?dept=Economics Courses and Requirements: Economics] {{Webarchive|url=https://web.archive.org/web/20200626105251/https://www.hamilton.edu/academics/departments/Courses-and-Requirements?dept=Economics |date=2020-06-26 }}, Hamilton College[https://www.colorado.edu/economics/sites/default/files/attached-files/econmajor2020.pdf BA Economics Major] {{Webarchive|url=https://web.archive.org/web/20220707162458/https://www.colorado.edu/economics/sites/default/files/attached-files/econmajor2020.pdf |date=2022-07-07 }}, University Of Colorado Boulder

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",

Open textbooks include:

  • Katherine Eyal (2014). [https://vula.uct.ac.za/access/content/group/95dfae58-9991-4317-8a1d-e2d58f80b3a3/Published%20OER%20UCT%20Resources/Mathematics%20for%20Economics/Home.htm Mathematics for Economists]
  • Frank Werner and Yuri Sotsko (2006). [https://library.oapen.org/handle/20.500.12657/24191 Mathematics of Economics and Business]
  • Bruno Belevan, et al. (2020). [https://nisha-malhotra.arts.ubc.ca/open-textbook/ Optimal, Integral, Likely: Optimization, Integral Calculus, and Probability for Students of Commerce and the Social Sciences]

essentially a (detailed) survey of the topics mentioned above re US students;

See for example these sequences.

UQ: [https://my.uq.edu.au/programs-courses/course.html?course_code=ECON1050 i] {{Webarchive|url=https://web.archive.org/web/20200612105015/https://my.uq.edu.au/programs-courses/course.html?course_code=ECON1050 |date=2020-06-12 }}, [https://my.uq.edu.au/programs-courses/course.html?course_code=ECON2050 ii] {{Webarchive|url=https://web.archive.org/web/20200612105018/https://my.uq.edu.au/programs-courses/course.html?course_code=ECON2050 |date=2020-06-12 }}, [https://my.uq.edu.au/programs-courses/course.html?course_code=ECON8000 iii] {{Webarchive|url=https://web.archive.org/web/20200612120111/https://my.uq.edu.au/programs-courses/course.html?course_code=ECON8000 |date=2020-06-12 }};

UCT: [https://web.archive.org/web/20160728035641/http://www.commerce.uct.ac.za/Economics/CourseInfo/ECO3021S i], [https://web.archive.org/web/20160306080618/http://www.commerce.uct.ac.za/Economics/CourseInfo/ECO4112F ii], [https://www.commerce.uct.ac.za/Economics/CourseInfo/ECO5011F iii] {{Webarchive|url=https://web.archive.org/web/20200924223310/https://www.commerce.uct.ac.za/Economics/CourseInfo/ECO5011F |date=2020-09-24 }}. The final in both cases is at masters level and includes analysis.

Some universities - UJ, [https://www.uj.ac.za/faculties/fefs/economics/Pages/BCom-Economics-and-Econometrics.aspx for example] - title the sequence "Quantitative Economics".

see {{slink|Business mathematics |Undergraduate}}.

Statistics is similarly extended,[https://www.soas.ac.uk/economics/programmes/baecon/ BA Economics] {{Webarchive|url=https://web.archive.org/web/20200927113103/https://www.soas.ac.uk/economics/programmes/baecon/ |date=2020-09-27 }}, SOAS often within the math course, as underpin to the econometrics coursework.

The specialized BSc programs are often more math intensive than the BA programs.[https://www.timeshighereducation.com/student/subjects/what-can-you-do-economics-degree What can you do with an economics degree?] {{Webarchive|url=https://web.archive.org/web/20201030130413/https://www.timeshighereducation.com/student/subjects/what-can-you-do-economics-degree |date=2020-10-30 }}, Times Higher Education

Similarly, the Honors track will have additional math requirements.

See also

References