Bachelor of Science in Economics or Managerial Economics

Undergraduate

Economics is an excellent course of study to pursue because it contributes to a broad liberal arts education and can help you develop good problem-solving skills—whether you are in the work force or are considering graduate work in business, law, engineering, or the social sciences.

The Economics major will familiarize you with the problems of a modern economy and the tools of analysis developed by economists. It emphasizes both the development of analytic models and their application to such real-world problems as inflation, unemployment, taxation, poverty, pollution, government decision-making, and regulation.

Managerial Economics, a sub-field of economics, also addresses the development of analytic models based on economic principles. In Managerial Economics these models are principally applied to specific decisions of businesses, such as profit maximization, strategic behavior, and industry entry and exit. A Managerial Economics major will take courses in quantitative techniques, such as regression analysis, as well as course work in related areas of business, such as accounting, management and finance. A Managerial Economics major is well-suited to an individual wishing to apply the principles of economics to the business environment.


    Undergraduate and graduate degree and certificate programs offered by University College are offered through Arts & Sciences at Washington University in St. Louis. Business-related programs in University College are not accredited by the Association to Advance Collegiate Schools of Business (AACSB International).

    required course work

    Major in Economics

    Required Courses: 15 units

    • Introduction to Political Economy - Microeconomics (U07 103)
    • Introduction to Political Economy - Macroeconomics (U07 104)
    • Economic Statistics (U07 231) or Applied Statistics (U20 205) or Probability and Statistics I (U20 305)     
    • Price Theory (U07 401)
    • Income and Employment Theory (U07 402)

    Economics Elective Courses: 12 units

    • 12 units of additional upper-level (300–400) economics courses.
    • U07 Econ 414 Econometric Techniques is strongly recommended.

    Social Science Elective Courses: 9 units

    • 9 additional units in the social sciences, which may include economics courses.

    Additional Recommended Courses

    • Calculus I (U20 155)
    • Financial & Managerial Accounting (U44 263)
    Major in Managerial Economics

    Required Courses: 33 units

    • Introduction to Political Economy - Microeconomics (U07 103)
    • Introduction to Political Economy - Macroeconomics (U07 104)
    • Financial Statement Analysis (U07 220)
    • Economic Statistics (U07 231) or Applied Statistics (U20 205) or Probability and Statistics I (U20 305)     
    • Price Theory (U07 401)
    • Econometric Techniques (U07 414)
    • Business Organization and Administration (U44 125) or Introduction to Industrial and Organizational Psychology (U09 214)
    • Introduction to Human Resources (U44 236)
    • The Law of Business (U44 251)
    • Financial and Managerial Accounting (U44 263)
    • Marketing Concepts (U44 270)

    Economics Elective Courses: 6 units

    • 6 units of additional upper-level (300–400) economics courses

    Arts & Sciences or Career-Related Elective Courses: 12 units

    • 12 units chosen from: Psychology, Communications and Journalism, International Studies, Mathematics, Philosophy, Political Science, others with University College authorization.
    • No more than 25% of the total course work for students doing a major in managerial economics may be in business courses.

    Mathematics

    • Calculus I (U20 155) is strongly recommended.

    admissions requirements

    6 units of transferrable college-level course work
    • At least six units of transferrable college-level course work; or 
    • at least six units of course work taken at University College and proof of high school completion or GED.
    2.7 minimum GPA

    application requirements

    Below is a list of requirements for an application to the undergraduate degree in Economics or Managerial Economics. Applications will be reviewed once all requirements are received.

    Completed application form

    The online application is available online on our Apply page. Applications are ready for review when all fields on the application form are completed, required documents have been received, and the application fee is paid.

    Transcripts

    Official or unofficial (student-issued) copies of transcripts from the three most recent years of college-level work. If you have fewer than 6-units of transferable credit, proof of high school completion or GED must be submitted.

    International Students must submit an official transcript from their school and an official evaluation of all previous college-level work.

    Personal Essay

    Tell us about yourself in a brief essay (about 250 words). Why are you applying to University College? What are your goals, both academic and professional? Is there additional information we should know about you when considering your application?

    TOEFL scores (if applicable)

    If you are not a U.S. citizen, official TOEFL scores must be forwarded to University College.

    Graduates of a U.S. university or college or Canada, Australia, and U.K. residents are exempt if they have earned a bachelor’s degree or a graduate degree from such college or university.

    $35 application fee

    You may pay by credit card online, or via check or money order payable to Washington University in St. Louis. You may also pay the fee by cash at the University College office. 

    This fee is waived for all WashU staff.

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    Still have questions?

    Academic Coordinator: Dorothy Peterson | (314) 935-5644 | dottie@wustl.edu

    Administrative Assistant for Academic Programs: Holly Schroeder | (314) 935-6759 | cschroeder@wustl.edu

    Director of Advising and Student Services: Elizabeth Fogt | (314) 935-6778 | efogt@wustl.edu