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Economics and Finance

University of South Alabama
Bachelor's degree
Scholarships available

Program description

Economics and Finance

The Economics and Finance major is designed to prepare students for managerial positions in business and government. Three concentrations are available within the Economics/Finance major: Economics, Finance, and Real Estate.

What is Economics?

Economics is the study of how individuals and societies choose to produce, distribute, and consume scarce resources. Although microeconomics, also known as price theory, is based on the economic behavior of small economic units such as consumers, workers, savers, firms and markets, it deals with some of the most important social issues of our times. Examples include healthcare and insurance, environmental protection, employment, labor unions and wages, and other hot topics such as energy, taxation, and housing. Macroeconomics, on the other hand, deals with the behavior of the aggregate economy and considers topics such as inflation, national income, and growth.

What is Finance?

Finance is a specialized branch of economics concerned with the origination and management of money, credit, banking and investment. Typical areas of study within finance are corporate finance, investments, financial institutions, and risk management. Corporate finance is the study of how firms raise funds from investors, how they invest those funds in return generating projects, and how they distribute those returns back to investors. Investments is the study of securities (stocks, bonds, etc) and the markets in which they trade. Financial institutions is the study of banks and other institutions which bring together the suppliers and users of funds, and risk management is the study of how individuals and firms can limit their exposures to the volatility of existing financial positions.

Admission requirements

Documents Required

  • Official high school transcript reflecting a minimum 2.50 GPA
  • Official ACT or SAT scores: a minimum ACT superscore of 19 OR a minimum SAT (critical reading + math only) score of 900 (if taken prior to March 2016) OR a minimum SAT (Evidence-based reading and writing + math only) score of 990 (if take March 2016 or after)

At this time, the University of South Alabama is accepting self-reported information that will be considered with your application for admission. All the information will be verified and your admission will be contingent on receipt of official documents.

Required Academic Core Courses:

  • 4 years of English
  • 3 years of social science
  • 3 years of Math- Must include Algebra I and two higher level math courses (for example: Algebra II, Algebra w/ Finance, Algebraic Connections, Geometry, Trigonometry, Analytical Geometry, Pre-Calculus, or other higher level math courses will be considered)
  • 3 years of science (At least two of the sciences must include labs)
  • 3 years of advanced electives (Courses chosen from any of the four core areas above and may include foreign language)

The Alabama High School Diploma with Advanced Endorsement meets all University of South Alabama core requirements. The Credit Based Diploma awarded by Alabama High Schools is accepted; however, students must meet all high school core requirements listed above.

For more information about admission requirements, please visit the university website.

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Program content

Three concentrations are available within the Economics/Finance major: Economics, Finance, and Real Estate.

The Economics Concentration

The Economics program is designed to prepare students for professional careers in managerial positions, government, administration, education, and others. Positions in business economics and graduate study require knowledge of economics and the application of economic tools to analyze problems for decision-making.

The Finance Concentration

The Finance program is designed to provide an understanding of the various areas and principles of finance. Students will develop a body of specialized knowledge and analytical techniques that are used in the acquisition, allocation and management of financial resources.

Finance careers are typically in industry and commercial businesses, public utilities and government agencies, banks, insurance companies, brokerage houses, investment companies and other financial institutions. The finance degree is appropriate for students who plan a career in corporate finance, financial planning, investment planning and research, or insurance.

The Real Estate Concentration

The Real Estate program is designed to educate students about the myriad aspects of the real estate industry and to provide a solid foundation for taking advantage of the numerous career opportunities available in real estate and related industries, including residential, commercial, or industrial development, brokerage, leasing, and property management, mortgage lending, appraisal and assessment, and corporate and institutional real estate asset management. Students who complete the real estate concentration will develop the specialized qualitative and quantitative tools necessary to prepare them for the unique demands and complexities associated with real estate careers.

Scholarships & funding

Several scholarship options are available. Please visit the university website for more information.

Tuition fees

  • In-State: 344.00 per credit hour
  • Out-of-State: 688.00 per credit hour

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About this institute

University of South Alabama

University of South Alabama

The University of South Alabama is a comprehensive, global research and teaching university that provides our students with an exceptional education in business, the liberal arts, education, engineering, computing, the sciences and health care. Located in Mobile, Alabama on the...

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Contact info

University of South Alabama

555 N. University Blvd
36688 Mobile Alabama
United States of America

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