What will I learn?

The economics major provides an opportunity to apply the theoretical and analytical rigor of basic managerial and macroeconomic tools to contemporary issues in economics and business. Students choose from a traditional option (24 hours in economics), a collateral option (complementary coursework in finance, mathematics, or statistics), or a dual concentration in international business. Electives, as well as major coursework under the traditional option, consider topics such as business/industrial organization and public finance, as well as international, quantitative, monetary, regional/urban, environmental, labor, and health economics. Majors pursue careers in the traditional business disciplines, consulting, all levels of government service, and a variety of other fields. The program provides excellent training for graduate work in economics, business, public policy, and law. Students planning to pursue graduate study in economics should elect the quantitative economics and mathematics collateral option.

Economics examines trade-offs. It looks at scarcity and the assessment of extra benefits versus extra costs during decision-making. Economics builds an understanding of markets and how a market shock can affect outcomes in many markets. This field also looks at the impact of the aggregate economy on production, consumption, and trade. These are key foundations for decision-making by firms, policy-makers, and members of society. The economics major equips students with the ability to apply the analytics of basic managerial and macroeconomics to ongoing issues in business, policy, and the economy.

Career Opportunities in Economics

An economics major can provide strong foundations in business, public policy, and law. Majors pursue careers in business, consulting, all levels of government, and a variety of other fields. Students with goals of graduate study in economics can talk with faculty for additional class suggestions. Empirical courses, such as econometrics, build useful skills in data-based applied economics, which many employers value.

Which department am I in?

Haslam College of Business

Study options

Full Time (Minimum of 120 credit hours)

Tuition fees
US$31,426.00 per year
Start date

21 August 2019, 8 January 2020


Haslam College of Business

453 Haslam Business Building,



37996, United States

Entry requirements

For students from United States

Students are required to have TOEFL score of 523 on the paper-based test.

For international students

Applicants must have a completion of high school or college academic work.

If your native language is not English, you must demonstrate English proficiency unless you are a US citizen or a permanent resident.

  • IELTS (International English Language Testing System) minimum score of 6.5
  • TOEFL (Paper-based) score of 523
  • TOEFL (iBT) score of 70
  • Completing the ELS 112 intensive program

Find your nearest IELTS test centre and test dates

There may be different IELTS requirements depending on your chosen course.