Economists study the prospects for individual companies and the forces that drive the economy.
Students majoring in Economics learn to gather, organize and interpret data, making connections and using mathematical formulas and statistics. They also create models to predict the impact of investments, policy decisions, industry trends, demographics, climate change and much more. A degree in Economics can be used in many areas, including public policy, finance, strategic planning and labor markets.
Economists possess a unique balance of analytical and communication skills. They must be able to translate complex findings into a format that business and community leaders can understand. They also are well prepared for a wide range of careers, including:
Compensation and Benefits Manager
Studying economics also prepares students for postgraduate work in law, finance, public policy, business and more.
According to the U.S. Bureau of Labor Statistics, Occupational Outlook Handbook the median annual income for economists was $101,050 in 2016.
In May 2016, the median annual wages for economists in the top industries in which they worked were as follows:
|Finance and insurance||$124,660|
|Federal government, excluding postal service||$111,310|
|Management, scientific, and technical consulting services||$110,900|
|Scientific research and development services||$102,000|
|State government, excluding education and hospitals||$69,170|
Students gain experience beyond the classroom with a wide range of internship opportunities. Missouri Western students have interned at American Family Insurance, Citizens Bank, Hillyard Companies and Nodaway Valley Bank, to name a few.
Economics (Bachelor of Science, B.S.)
|ECO 260||Principles of Macroeconomics||3|
|ECO 261||Principles of Microeconomics||3|
|ECO 360||Intermediate Macroeconomics||3|
|ECO 361||Intermediate Microeconomics||3|
|Select one of the following: 1||3|
|Business Statistics I|
|Statistics for Economics and Social Sciences|
|Select two courses from the following Social Science grouping:||6|
|Economics of Health Care|
|Economics of the Environment|
|History of Economic Thought|
|Select two courses from the following Business Economics grouping:||6|
|Money and Banking|
|Business and Economic Forecasting|
|Select nine credit hours from Economics courses numbered 300 or higher and not used in the above groupings||9|
|Other Required Courses|
|SOC 110||Introduction to Sociology||3|
|PSC 101||American National Government||3|
|HIS 140||American History to 1865||3|
|or HIS 150||American History since 1865|
Or any other approved statistics course.
- Earn a minimum of 120 credit hours, including 60 from a senior college (100 level and higher, maximum of 6 CED credit hours applicable).
- Earn a minimum of 30 credit hours in upper-division courses. Lower-division transfer courses accepted as meeting upper-division departmental course requirements cannot be used to fulfill this requirement.
- Earn 30 of the last 45 credit hours at MWSU in institutional coursework (exclusive of credit by examination).
- Participate in required departmental and campus wide assessments.
- Earn an overall GPA of at least 2.0 and a 2.0 GPA in the Economics courses required to satisfy the major.
- Fulfill the Missouri Constitution requirement.
- Successfully pass the Missouri Higher Education Civics Achievement exam.
- Major: B.S. Economics