Bachelor of Science in Economics Degree
Bachelor of Science in Economics Degree
journey today.
A Bachelor of Science in Economics degree from Grand Canyon University 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.
The economics major at GCU is built around the needs of working professionals who wish to continue their education and pursue a career in economics. This degree can be completed on campus or online to provide flexibility in scheduling for those who juggle professional and personal responsibilities.
In a bachelor’s in economics program, you will be taught to:
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.
The economics courses taught in this program include:
Business finance
Ethical and legal business issues
Micro and macroeconomics
Public policy
Econometrics
Strategic management
BS in Economics Degree Curriculum
The bachelor’s in economics curriculum is built around theoretical reasoning and the analysis of economic problems. This program teaches a combination of economic theory, data analysis and critical thinking skills that can help you when faced with economic business 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 Business Decision-Making Skills as an Economics Major
GCU’s on campus and online economics courses are taught by knowledgeable faculty. Through this program, you will learn key competencies, including:
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.
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.
Business economics graduates can be prepared to pursue careers such as:
Manager
Economist
Survey researcher
Social science research assistant
Economics teacher (postsecondary)
Secondary school teacher (except special and career/technical education)
6%
Estimated job growth for economists from 2021 to 2031.1
$105,630
Median annual wage of economists as of May 2021.2
Since 1968, GCU has continuously met the high standards of accreditation set by the Higher Learning Commission. 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 can provide with some more information on this degree path and pursuing a job in this field.
Whether a BA or BS in Economics is better suited for you depends on which direction you wish to take your career. A BA degree will focus more on theories and practical applications of economics, while a BS is more scientifically based with a focus on math. However, both degrees will cover foundations of economics and most likely have a similar curriculum structure.
This economics program is math oriented. Mathematical economics is the application of calculated methods to represent theories and analyze problems in the economic world. The types of math used by an economics major are primarily algebra, calculus and statistics, which develop confidence in problem-solving.
Economists often have specialized skills in consulting and finance. A bachelor’s in economics may provide economics majors the opportunity for many career options, such as positions in finance, accounting and management. If you’re looking to further increase your potential employability or earnings potential, consider pursuing a business master’s program at GCU.
The analytical and business decision-making skills that an economics major can develop in this degree online can prepare you for a career using economic theory, data analysis and critical thinking skills. After earning an economics degree, many graduates choose to advance their career even further with a graduate degree in business, law or public policy. After graduating, you may also choose to continue your education further by enrolling in a graduate program in economics or finance.
Start Your Journey Today
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.
- 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.
- 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.