With an online bachelor’s degree in economics, you are at the forefront of today’s global economy. As a student, you will learn the advanced principles of supply and demand and how they work in a complex market. This knowledge in turn helps businesses understand consumer choices and improve their bottom line. When graduates of online undergraduate degrees in economics study the nuances behind the business and consumer decisions, they gain skills essential to any organization or business. Graduates can become economists, financial analysts, personal financial advisers, and statisticians, jobs that are expected to grow over the next six years, according to the US Bureau of Labor Statistics. The United States The National Association of Universities and Employers also shows that professionals with a bachelor’s degree in economics have exceeded the average starting salary for most occupations.
Choose a program
Choosing the right program depends on the student’s interests and circumstances. First of all, it is important to differentiate between a Bachelor of Economics and a Bachelor of Science and which programs offer one or both degrees. A Bachelor of Science in Economics has a strong quantitative focus and deals with the mathematics and statistics that support economic behavior. A Bachelor of Arts will focus more on the qualitative analysis of general economic, behavioral, and social phenomena.
In addition to general education courses, programs generally require students to take a number of basic economics courses in subjects such as microeconomics, macroeconomics, statistics, and finance. Students can also customize their degree by choosing from sub-fields such as accounting, economics, or public affairs, as well as by selecting a number of advanced and elective courses, including econometrics, political economy, and economic history.
However, a lot depends on the individual requirements of each online program. Students may need to find the right balance between core classes and specific program classes. Some programs are also more generous with transfer credits than others, and the cost of the program is always a critical consideration for potential students. In addition, many universities charge different fees for a resident and non-resident tuition for online and on-campus courses.
What can I expect from an online bachelor’s degree in economics?
Each economic program is unique, although most share certain common characteristics. The business field is vast and cuts across a number of interdependent disciplines. Some economic programs emphasize the entrepreneurial dimension of the field, while others consider the economy as a social science. Prospective students should carefully consider these differences when choosing an online program.
CURRICULUM FOR ONLINE BACHELOR QUALITY IN ECONOMY
Course names, objectives, and learning outcomes may vary by school. Overall, however, the schools offer a number of common courses that introduce students to economics in all their facets. Here are some courses that you will see in most corporate programs.
Introduction to econometrics: econometrics is a discipline that uses statistics and mathematics to illustrate economic principles. This course helps students extract simple relationships between different data sets while using this data to solve common economic dilemmas. Distance students who wish to pursue a career as financial advisers and auditors will greatly benefit from this course.
Macroeconomic principles: Macroeconomics is an industry that tries to define the structure and behavior of economies as a whole and not the individual behavior within these economies. Among other things, the students examine fiscal policy and its effects on national unemployment and inflation rates. They will also develop theoretical tools to explain GDP, national income, and price indices.
Labor economics: In this class, online economics students learn how labor relations, wages, and government policies affect the workforce.