Economics

students in a lecture hall


Bachelor of Arts, Bachelor of Science
Major
Bill and Vieve Gore School of Business
Four-Year Degree

Overview

Economics examine the very foundation of life itself: How individuals and societies provide for their material existence. As such, through this program we will explore the causes of both wealth and poverty. Students will be required to post and ask their question like: What are the economic implications of the war on terrorism? How is a market economy organized? Why are unemployment rates higher in Europe than in the US? Why do women on average earn less than men? What do increases in government deficits mean for the economy? Why is consumer spending so important to the economy?

Key Benefits

  • We involve students in real-world applications of theory, such as assessing the value of wilderness or conducting forecasts.
  • We offer students the opportunity to do an internship. Many of our students have found internships with the Governor's Office of Planning and Budget, the Department of Natural Resources, and the State Tax Commission, among others.
  • Economics at Westminster offers a broader perspective than that found at most other academic institutions. This involves exposing students to the different perspectives within economics as well as honing their quantitative skills.
  • Our program offers a strong international component. Three of our economics faculty are from countries outside the US. Moreover, many of our courses deal with important developments ongoing in the world economy: the transition from communism to market-based economies, the market reforms ongoing in China, and a number of special topic courses involving international travel.
  • We offer students a choice of one of two tracks: the Bachelor of Science degree or the Bachelor of Arts degree.

Accreditation Employers Trust

The Bill and Vieve Gore School of Business is nationally accredited by the Association of College Business Schools and Programs (ACBSP).

About the Program

What You'll Learn

  • Assemble, analyze, and interpret empirical evidence and communicate outcomes effectively in written and verbal forms
  • Analyze economic, social, and business problems and recommend courses of action while recognizing the role of assumptions and the limitations of economic analysis
  • Demonstrate an appreciation of the historical, cultural, and institutional foundations of the economy
  • Demonstrate an understanding of the policy implication of economic theories
  • Demonstrate an appreciation of how the social sciences, history, and philosophy contribute to an understanding of economics

Plan of Study

Through the Economics program, you will master the fundamental skills in all functional areas of business (through a common core) as well as the direct economics knowledge necessary to assure your success.

You have the option to choose to pursue the Economics program through one of 2 degrees:

Bachelor of Arts in Economics

The Bachelor of Arts Degree in Economics requires you to choose one of 4 areas of concentration:

Liberal Arts

Incorporate a significant liberal arts component into your degree that emphasizes the close relationship between economics and the liberal arts. You can tailor the program to your interests by completing a minor in the liberal arts or a foreign language component along with additional liberal arts courses.

Pre-Law

Prepare yourself for graduate work in law or economics. You will be required to take a minor in English, Philosophy, Business, Justice Studies, or Political Science. You will be trained to analyze legal issues in terms of costs and benefits, and the extensive use of models will help you approach problems logically.

Theory and Policy

Support your professional interests as an analyst in government, public policy research groups, energy and environmental organizations, and for-profit and non-profit organizations by completing an intensive focus on theoretical and practical applications of economics.

Mathematics

If you wish to pursue graduate work in economics or quantitative fields, focusing on mathematics gives you a clear progression of coursework that will prepare you to do so.

Bachelor of Science in Business Economics

If you seek an economics degree integrated with a strong foundation in business fundamentals that emphasizes the close relationship between economics and business, this is the best option for you.

In addition to the business core and program-specific requirements of your degree, you will also be required to complete the ETS Major Field Test in Business before you are eligible to graduate.

Want to learn more about the Economics program?

A dedicated admissions counselor will reach out to you with personalized information to help with your search for the right program.

Request More Info

Career Opportunities

Potential Careers

Economics provides excellent preparatory work for jobs in business, banking, or government. Economics teaches you to think. It teaches you to look at issues critically, how to analyze an issue and construct an argument, all of which are important job skills.

Many law schools require or look favorably on an Economics degree. Much of the law is based on economic principles. Many aspects of the law involves economic issues, such as contracts and torts. Economics teaches you both how to follow an analytical argument, as well as how to write, which are both valuable skills in a law practice.

Approximately half of Economics program graduates have gone on to graduate school, mostly in law. Students have also gone on to do graduate work in economics, business, finance, history, philosophy, political science, and even medical school. Almost every year, 1 or 2 students go on to do PhD work in economics.

Other Economics Programs

The Economics program also offers a minor, which is an excellent complement to all business majors and many of the majors in the School of Arts and Sciences.

Learn More About the Economics Program

Check Out the Economics Department

Tuition and Aid

There's No Better Investment Than You

Westminster College knows you want an education where you matter—a place that will serve as a launchpad for a successful career and a meaningful life. Westminster will work with you individually through every step of the financial aid process. From scholarships to grants and loans, Westminster helps you make it happen.

With the highest percentage of students who complete one or more internships in the state, Westminster students hit the ground running with real-world experience. Plus, 90% of students were either employed or attending graduate school within 5 months of graduating. With a Westminster degree, you don't have to choose between a successful career and a fulfilling life.

Average Cost After Financial Aid

$14,042 ($7,021 per semester)

Cost Breakdown (2018–2019)

  • Tuition: $34,000
  • Room: $5,526
  • Board: $3,164

Financial Aid

Average Total Financial Aid

$27,834 (merit scholarship, work-study, grants and loan funds)

Scholarships

You’ll be automatically considered for scholarship and grant opportunities.

In addition to general merit scholarships, there are other scholarship programs to support you throughout your time at Westminster.

View Additional Financial Aid Opportunities

Still Exploring?

Back to All Programs
Research at the Salt Lake

Read their story