Learn Foundational Skills and Modern Theories Used in the Economics Industry
A Bachelor of Science in Economics degree from Grand Canyon University (GCU) can provide you with the knowledge to strategically leverage economic decisions, allocate resources and solve complex issues regarding business challenges.
As an economics major, you can study mathematical models and statistical techniques, and insight into incentives that affect human behavior, markets and economies. You can work to gain an understanding of economic concepts and frameworks by studying data, observing patterns and drawing logical conclusions.
In a bachelor’s in economics program, you will be taught to:
- Understand and predict how market trends impact business
- Evaluate the impact (or bottom line) of an economic environment
- Collect and analyze data
Study Current Strategies and Concepts Used in Business, Finance and Economics
In this BS economics degree at GCU, you will be taught basic concepts of finance, as well as study the oversight and creation of the money, banking, credit, investments, assets and liabilities that make up financial systems. This program teaches a combination of economic theory, data analysis and critical thinking skills that can help you when faced with economic business problems.
The bachelor’s in economics curriculum is built around theoretical reasoning and the analysis of economic problems. With this, you can expect to study what makes the economy function. You will look at the tools needed to understand our increasingly interconnected world by exploring human behaviors such as labor supply, healthcare choices and consumption patterns, while also assessing the links between interest rates, inflation and unemployment levels. You will also have the opportunity to strategically analyze industry research and data related to business needs and apply critical thinking to create ethical and optimal business solutions.
Study Analytical and Business Decision-Making Skills as an Economics Major
GCU’s on campus and online economics courses are taught by knowledgeable faculty. Through this 120-credit program, you will learn key competencies, including:
- Business communication and critical thinking skills
- Information literacy and data analysis
- Business operations and environments
- Legal, ethical and values-driven business
- Theory and practice of economics
As a Christian university, GCU believes business can and should be run professionally, morally and ethically to drive our society’s economy. GCU’s economic educators teach you to articulate and guide companies with a Christian worldview and to remain rooted in professional standards of honest and faithful decision-making.
Career Paths for Graduates With a Bachelor’s in Economics
Economics courses can prepare you for careers in business and government, including industries such as healthcare, finance and e-commerce. Economists are needed in almost every aspect of business, so individual interests may drive the direction in which graduates seek work. The U.S. Bureau of Labor Statistics Occupational Outlook Handbook estimates job growth for economists to increase by about 6% from 2021 to 2031, as fast as average, accounting for an estimated increase of 1,000 jobs in the field.1
Business economics graduates can be prepared to pursue careers such as:
- Survey researcher
- Social science research assistant
- Economics teacher (postsecondary)
- Secondary school teacher (except special and career/technical education)
After graduating, you may also choose to continue your education further by enrolling in a graduate program in economics or finance.
Earn Your Economics Degree From an Accredited University
Since 1968, GCU has continuously met the high standards of accreditation set by the Higher Learning Commission (HLC). Accreditation reflects the fact that the quality of the university and its academic programs meet a specific criteria or standards, offering both online and on-campus modalities.
BS in Economics Program FAQs
If you’re interested in earning your BS economics degree, our frequently asked questions below can provide with some more information on this degree path and pursuing a job in this field.
If you are interested in learning how to drive critical business decisions using the foundations of economics, a degree in economics may be the right path for you. Learn more about the Bachelor of Science in Economics degree online and on campus by filling out the form on this page.
1 COVID-19 has adversely affected the global economy and data from 2020 and 2021 may be atypical compared to prior years. The pandemic may impact the predicted future workforce outcomes indicated by the U.S. Bureau of Labor Statistics as well. Accordingly, data shown is effective September 2022, which can be found here: U.S. Bureau of Labor Statistics, Occupational Outlook Handbook, Economists, retrieved on June 22, 2023.
2 The earnings referenced were reported by the U.S. Bureau of Labor Statistics (“BLS”), Economists as of May 2021, retrieved on June 22, 2023. Due to COVID-19, data from 2020 and 2021 may be atypical compared to prior years. The pandemic may also impact the predicted future workforce outcomes indicated by the BLS. BLS calculates the median using salaries of workers from across the country with varying levels of education and experience and does not reflect the earnings of GCU graduates as economists. It does not reflect earnings of workers in one city or region of the country. It also does not reflect a typical entry-level salary. Median income is the statistical midpoint for the range of salaries in a specific occupation. It represents what you would earn if you were paid more money than half the workers in an occupation, and less than half the workers in an occupation. It may give you a basis to estimate what you might earn at some point if you enter this career. You may also wish to compare median salaries if you are considering more than one career path. Grand Canyon University can make no guarantees on individual graduates’ salaries as the employer the graduate chooses to apply to, and accept employment from, determines salary not only based on education, but also individual characteristics and skills and fit to that organization (among other categories) against a pool of candidates.
General Education Requirements
General Education coursework prepares Grand Canyon University graduates to think critically, communicate clearly, live responsibly in a diverse world, and thoughtfully integrate their faith and ethical convictions into all dimensions of life. These competencies, essential to an effective and satisfying life, are outlined in the General Education Learner Outcomes. General Education courses embody the breadth of human understanding and creativity contained in the liberal arts and sciences tradition. Students take an array of foundational knowledge courses that promote expanded knowledge, insight, and the outcomes identified in the University's General Education Competencies. The knowledge and skills students acquire through these courses serve as a foundation for successful careers and lifelong journeys of growing understanding and wisdom.
Upon completion of the Grand Canyon University's University Foundation experience, students will be able to demonstrate competency in the areas of academic skills and self-leadership. They will be able to articulate the range of resources available to assist them, explore career options related to their area of study, and have knowledge of Grand Canyon's community. Students will be able to demonstrate foundational academic success skills, explore GCU resources (CLA, Library, Career Center, ADA office, etc), articulate strategies of self-leadership and management and recognize opportunities to engage in the GCU community.
- UNV-112, Success in Science, Engineering and Technology & Lab: 4
- UNV-103, University Success: 4
- UNV-303, University Success: 4
- UNV-108, University Success in the College of Education: 4
Graduates of Grand Canyon University will be able to construct rhetorically effective communications appropriate to diverse audiences, purposes, and occasions (English composition, communication, critical reading, foreign language, sign language, etc.). Students are required to take 3 credits of English grammar or composition.
- UNV-104, 21st Century Skills: Communication and Information Literacy: 4
- ENG-105, English Composition I: 4
- ENG-106, English Composition II: 4
Graduates of Grand Canyon University will be able to express aspects of Christian heritage and worldview. Students are required to take CWV-101/CWV-301.
- CWV-101, Christian Worldview: 4
- CWV-301, Christian Worldview: 4
Graduates of Grand Canyon University will be able to use various analytic and problem-solving skills to examine, evaluate, and/or challenge ideas and arguments (mathematics, biology, chemistry, physics, geology, astronomy, physical geography, ecology, economics, theology, logic, philosophy, technology, statistics, accounting, etc.). Students are required to take 3 credits of intermediate algebra or higher.
- MAT-154, Applications of College Algebra: 4
- MAT-144, College Mathematics: 4
- PHI-105, 21st Century Skills: Critical Thinking and Problem Solving: 4
- BIO-220, Environmental Science: 4
Graduates of Grand Canyon University will be able to demonstrate awareness and appreciation of and empathy for differences in arts and culture, values, experiences, historical perspectives, and other aspects of life (psychology, sociology, government, Christian studies, Bible, geography, anthropology, economics, political science, child and family studies, law, ethics, cross-cultural studies, history, art, music, dance, theater, applied arts, literature, health, etc.). If the predefined course is a part of the major, students need to take an additional course.
- HIS-144, U.S. History Themes: 4
- PSY-102, General Psychology: 4
- SOC-100, Everyday Sociology: 4
* Please note that this list may contain programs and courses not presently offered, as availability may vary depending on class size, enrollment and other contributing factors. If you are interested in a program or course listed herein please first contact your University Counselor for the most current information regarding availability.
* Please refer to the Academic Catalog for more information. Programs or courses subject to change.