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4 years
Full time
Bachelor's degree
Scholarships available
On campus
Bloomington
English
Fall

About this program

Economics

Economics is the study of how individuals and societies manage their scarce resources¿people must decide how much they work, what they buy, how much they save, and how they use their leisure time. Most societies use decentralized markets as the primary means of allocating resources, so economics gives students insight into how markets function in coordinating the activities of many diverse buyers and sellers. Economics also analyzes the trends and forces that affect the economy as a whole, including growth in average income, the portion of the labor force that cannot find work, and the rate at which prices are rising or falling. A major in economics provides excellent preparation for graduate and professional school, including law school, and for rewarding careers in consulting, finance, and other private and public sector employment. The Department of Economics offers course work in a variety of topics including microeconomic theory, macroeconomic theory, financial economics, money and banking, public finance, labor economics, international economics, economic development, game theory, and econometrics.

Admission requirements

First-year admission standards

High school curriculum & equivalency prerequisites

  • 8 credits (semesters) of English, such as literature, grammar, or composition
  • 7 credits (semesters) of mathematics, including:
    • 4 credits of algebra and 2 credits of geometry (or an equivalent 6 credits of integrated algebra and geometry)
    • 1 credit of pre-calculus, trigonometry, or calculus
  • 6 credits (semesters) of social sciences, including:
    • 2 credits of U.S. history
    • 2 credits of world history/civilization/geography
    • 2 additional credits in government, economics, sociology, history, or similar topics
  • 6 credits (semesters) of sciences, including at least 4 credits of laboratory sciences: biology, chemistry, or physics
  • 4 credits (semesters) of world languages
  • 3 or more credits (semesters) of additional college-preparatory courses
    • Additional mathematics credits are recommended for students intending to pursue a science degree
    • Additional world language credits are recommended for all students

Average high school GPA

3.90 (out of 4.0)

Secondary school graduation requirement

You need to complete the equivalent of U.S. high school. Many education systems call this upper secondary school. It includes all course components and examinations required for graduation.

If you are homeschooled or attend an alternative school, you need to submit credentials that demonstrate equivalent levels of achievement and ability.

Demonstration of English proficiency

IU Bloomington requires all nonnative English-speaking international undergraduate applicants to demonstrate English proficiency.

For more information about admission requirements in each IU school, please contact the institute.


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Program content

Year One

Fall Term

  • IUB GenEd Foundations: English Composition; College of Arts and Sciences Education (CASE): English Composition
  • Major Requirement - Calculus
  • College of Arts and Sciences Education (CASE): Foreign Language
  • Major Requirement - Introduction to Microeconomics

Spring Term

  • College of Arts and Sciences Education (CASE): Foreign Language
  • Major Requirement - Finite Mathematics
  • Major Requirement - Introduction to Macroeconomics
  • College of Arts and Sciences Education (CASE): Critical Approaches

Year Two

Fall Term

  • College of Arts and Sciences Education (CASE): Foreign Language
  • IUB GenEd Breadth of Inquiry: Arts and Humanities
  • Major Requirement - Statistical Analysis for Business and Economics
  • IUB GenEd Breadth of Inquiry: Natural and Mathematical Sciences: Natural Science
  • College of Arts and Sciences Education (CASE): Public Oral Communication

Spring Term

  • College of Arts and Sciences Education (CASE): Foreign Language
  • IUB GenEd Breadth of Inquiry: Arts and Humanities
  • Major Requirement - Intermediate Microeconomic Theory
  • College of Arts and Sciences Education (CASE): Diversity in the United States

Year Three

Fall Term

  • College of Arts and Sciences Education (CASE): Arts and Humanities
  • Major Requirement - Intermediate Macroeconomic Theory
  • College of Arts and Sciences Education (CASE): Global Civilizations and Cultures

Spring Term

  • Major Requirement - Econometrics
  • Major Requirement - Upper level Economics elective
  • College of Arts and Sciences Education (CASE): Arts and Humanities

Year Four

Fall Term

  • Major Requirement - Upper level Economics elective
  • Major Requirement - Upper level Economics elective

Spring Term

  • Major Requirement - Upper level Economics elective
  • Elective

Scholarships & funding

Several scholarship options are available, please contact the university for more information.

Tuition

  • Indiana residents: $11,332 per year
  • Non-residents: $38,352 per year

Qualification

Credits:120

Through the major

The major in Economics provides you with a set of skills and qualities that are relevant and transferable to many areas of study and work. These include:

  • Application of Economic Models: apply microeconomic and macroeconomic theory and data to analyze contemporary economic problems and policies
  • Math-Modeling Skills: understand basic math-modeling techniques used in microeconomic and macroeconomic theory
  • Organization and Description of Data: organize economic data in a manner that allows you to generate and interpret its descriptive statistics
  • Data Analysis and Statistical Inference: understand the principles of statistical inference, including hypothesis testing and ordinary least-squares regression modeling, and be capable of communicating that to a variety of audiences
  • Econometric Software Expertise: possess expertise in the application of econometric analysis software to present and analyze data
  • Communication and leadership: inform and interact, both orally and in writing, with experts and non-specialists

Through a College of Arts and Sciences degree

Your coursework provides many opportunities to develop the following five foundational skills that will serve you well in every career path:

  • Question critically
  • Think logically
  • Communicate clearly
  • Act creatively
  • Live ethically

These foundational skills will aid you in landing your first job and advancing professionally throughout your working life. Not only are these the skills that employers say they value most in the workplace, they provide the best preparation for lifelong success in a world of complexity, uncertainty, and change.

Career paths

According to the Bureau of Labor Statistics, employment for Economics majors is expected to grow in the next few years, especially for those with skills in research and analysis.

Initial and long-term destinations for graduates include positions in many job sectors: finance; management, scientific, and consulting services; banking; federal and state government; insurance; military or civil service; logistics; non-governmental organizations; business; non-profits; education; research and policy think tanks.

Economics majors can become actuaries, financial analysts, economists, personal bankers, statisticians, sales managers, survey researchers, urban planners, real estate brokers, financial consultants, budget analysts, educators, project managers, or data analysts, among many other options.

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About this institute

Indiana University Bloomington

Indiana University in Bloomington (IU) was founded in 1820 and is one of the largest universities in the United States. IU is one of only 34 public university members of the selective Association of American Universities. Its 42,000 students come...


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Why study at Indiana University Bloomington

Indiana University Bloomington, also known as "IUB" or just "IU," offers students from all over the world the quintessential American college experience. With over 43,000 students, IU is one of the largest universities in the US, but it has a small-school feel. This means you'll have access to state-of-the-art facilities for research, creativity, and sports, and learn from world-class instructors, but you'll also find yourself in small classes with opportunities to really connect with your classmates and professors. While there are certainly large lecture-style classes as well, our average class size is 30, and most of our class sections have 20 students or less.

IU is also a very diverse place - we're a second home to over 5,000 international students from 144 countries, and 37% of our faculty have an international background.

IU offers over 200 undergraduate majors, including some that are the first of their kind in the US, such as the BS in Intelligent Systems Engineering, and the BS in Cybersecurity and Global Policy. With twenty degree programs ranked among the top ten on national and global indexes, Indiana University is particularly known for its Kelley School of Business; Jacobs School of Music;School of Informatics, Computing, & Engineering; School of Media (film and journalism);and School of Public and Environmental Affairs.

Contact info

Indiana University Bloomington

107 S. Indiana Avenue
47405 Bloomington Indiana
United States of America

 Show phone number
ois.iu.edu

Message the school

Want to know more about Economics? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.

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