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200,000+
Alumni from our Global Campuses
Gain foundational knowledge of the global economy.
Webster's BA in Economics helps students explore the factors that determine production, distribution and consumption of resources. Students gain an understanding of basic economics concepts and how policy changes impact the economy, including the study of institutions, concepts, policy and tools of analysis. Expert faculty help students apply micro- and macro-economic concepts to real-world settings.
Webster sets the standard for global education. As a strong, truly international university, we provide uniquely global experiences, which prepare you to lead in your community and around the world.
Webster's BA in Economics
The Bachelor of Arts in Economics at Webster University provides students with a strong foundation for a career in business, government or for further study in economics, finance, law or other related disciplines. Students develop an analytical mindset alongside a strong economic awareness of the world. Students pursue one of three tracks, math, business or liberal arts, which in addition to core and specialized elective coursework, allows students to tailor their economics studies to suit their interests and strengths.
Learning Outcomes
Upon completion of the BA in Economics degree program, students will be able to demonstrate:
- Familiarity with the primary measures of economic performance (GDP, price level, unemployment) and basic financial concepts.
- Proficiency in the use of the primary economic models (ISLM, Mundell-Fleming, Solow, consumer choice theory, price optimization, Cournot reaction functions, Edgeworth box and game theory) and of basic differential calculus to solve production or consumer optimization problems.
- Proficiency with the application of the time value of money.
- Proficiency in the interpretation of statistical information related to economic or financial data.
Webster's Economics Programs
To meet the demands of today’s business student, Webster offers an economics “flex
track” program that allows you the flexibility and variety to shape the degree to
fit your unique interests. While all economics majors take core classes in basic and
advanced microeconomics and macroeconomics, Webster’s unique program allows you to
choose advanced courses that match your interests, whether it is money and banking,
economic development, sports economics, international trade, labor economics, public
sector economics, urban and regional economics, comparative economic systems or the
history of economic thought. All economics majors then complete their degree by choosing
courses from one of three tracks: mathematical economics, business economics or liberal
arts economics.
ECON Core: 18 hours
- ECON 2000 Survey of Economics (3 hours)
- ECON 3000 Basic Economic Modelling (3 hours)
- ECON 3020 Intermediate Microeconomics (3 hours)
- ECON 3030 Intermediate Macroeconomics (3 hours)
- 3000-level or 4000-level ECON elective (3 hours)
- 3000-level or 4000-level ECON elective (3 hours)
- ECON 4000 Assessment Exam (0 hours)
Major Requirements: 23 hours
- 3000-level or 4000-level ECON elective (3 hours)
- ACCT 2010 Financial Accounting (3 hours)
- ACCT 2025 Managerial Accounting (3 hours)
- BUSN 2750 Introduction to Statistics (3 hours)
- FINC 3210 Principles of Finance (3 hours)
- MATH 1480 Precalculus (3 hours)
or One additional ECON or FINC elective at the 3000-level or 4000-level (3 hours) - MATH 1610 Calculus I (5 hours)
Walker School Professional Development Classes: 3 hours
- WSBT 2000 Career Exploration (1 hour)
- WSBT 2300 Personal Branding (1 hour)
- WSBT 2700 Career Management Strategies (1 hour)
Learning Outcomes
- The student will demonstrate familiarity with the primary measures of economic performance (GDP, price level, unemployment).
- The student will demonstrate proficiency in the use of the primary economic models (ISLM, Mundell-Fleming, Solow, consumer choice theory, price optimization, Cournot reaction functions, Edgeworth box and game theory).
Required Courses (18 hours)
- ECON 2000 Survey of Economics (3 hours)
- ECON 3000 Basic Economic Modelling (3 hours)
- ECON 3020 Intermediate Microeconomics (3 hours)
- ECON 3030 Intermediate Macroeconomics (3 hours)
- 3000-level or 4000-level ECON elective (3 hours)
- 3000-level or 4000-level ECON elective (3 hours)
- ECON 4000 Assessment Exam (0 hours)
Job Outlook
Economics graduates are employed in a wide range of industries, including government, politics, journalism, banking, insurance, and other financial sectors. Employers value economics graduates for their application of data and analytics to solve problems. Many graduates continue their studies at law school or other business graduate programs.
- Jobs for economists are predicted to increase by 6% through 2026 (www.bls.gov).
- In May 2017, the median annual wage for economists was $102,490 (www.bls.gov).
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