Department of Economics
Both a social science and a business field, it can be argued that economics has evolved from a "discipline" to an "approach" used to study behavior with regards to the use of scarce resources.
The Department of Economics offers undergraduate programs in both the the Sam M. Walton College of Business and Fulbright College of Arts and Sciences. Students completing these programs graduate with a Bachelor of Science in Business Administration (Business Economics), a Bachelor of Science in International Business or a Bachelor of Arts (Economics Major). We also offer both a Master of Arts (M.A.) and a Doctor of Philosophy (Ph.D.) degree in economics.
Economics Undergraduate Programs
The study of economics can prepare you for an increasingly knowledge-based and interdependent global economy of the twenty-first century.Learn More
Economics Graduate Programs
Master's Degree and Ph.D Program
Our graduate programs are designed to provide advanced training for those who want to pursue careers in economics.Learn More
Economics as a Career
Interested in a PhD in Economics?
To be a competitive applicant at a top ranked PhD program in Economics you should acquire a strong quantitative background. The following are some recommended courses:
- Calculus 1-3 (MATH 2554, 2564, 2574)
- Linear Algebra (MATH 3083)
- Statistics or Probability or Econometrics (ECON 4743 and/or ECON 4753)
Needed for Higher-ranked Programs
- Introductory Analysis (MATH 3513 Elementary Analysis)
- Probability Theory (STAT 3013 or, preferably 5103)
- Differential Equations (MATH 2584)
- Advanced Calculus (MATH 4513)
- Statistical Methods (STAT 4003)
- Machine Learning Applications and Python/R tools (ECON 4753)
- Graduate Microeconomics (ECON 6213)
- Programming Foundations, Computer Science (CSCE 2004)
Research and Outreach
The Department of Economics continues to evolve along with our field. Faculty and students are involved in research that expands the frontiers of economics.
Behavioral Business Research Lab
The Walton Research Laboratory in the Center for Academic Excellence is an interdisciplinary resource for studying human behavior and decision making.Learn More
Center for Business and Economic Research
The center supports economic development by providing economic and demographic data and analysis to business, government, and individuals.Learn More
Bessie B. Moore Center for Economic Education
The center works to improve economic education in elementary and secondary schools by training teachers and developing curriculum materials.Learn More