Economics, BA

The Bachelor of Arts in Economics from Florida A&M University, offered through the School of Business and Industry, is a comprehensive program. It is designed to provide students with a strong, well-rounded academic foundation combined with Professional Leadership Development. This preparation equips them for dynamic careers in economics.

Students begin their academic journey with foundational courses that instill the basic principles of economic thinking and problem-solving. Classes such as Principles of Economics I & II, foundational to the degree, lay the groundwork for advanced study. Courses like Intermediate Microeconomic Theory and Macroeconomic Theory explore the complexities of economic analysis and theory. As students progress, they learn to apply their knowledge in specialized classes, including International Finance, Mathematical Economics, and Econometrics. These advanced courses are designed to refine analytical skills and prepare students for complex economic problem-solving in real-world contexts.

Economics, BA

This program is completed in a total of 120 semester hours. It equips graduates for diverse professional paths, such as economic research, financial analysis, policy advisement, or further academic pursuits in graduate school. Earning a Bachelor of Arts in Economics from Florida A&M University signifies a readiness to enter the workforce with a solid grasp of economic principles, quantitative and analytical skills, and a global perspective highly valued in today’s interconnected world.

Academic Course Curriculum

The One Year MBA is a competency-based program aimed at producing graduates with competencies and skills to become effective contributors at the mid-management level in organizations.

What is Bachelor of Arts in Economics?

The Bachelor of Arts in Economics at Florida A&M University focuses on providing a comprehensive understanding of economic principles. It's aimed at fostering excellence in study, learning, teaching, and research. The program suits individuals interested in the workings of economies at micro and macro levels and includes courses in economics, U.S. history, and business calculus. Graduates are typically future leaders in business, industry, and commerce, equipped with analytical skills for interpreting economic data. This degree is ideal for those who are analytically minded, interested in economic policies, and possess strong problem-solving skills.

Graduates with a MBA degree work in a variety of organizations and industries.

Bachelor of Arts in Economics Careers

Graduates with an Economics degree from Florida A&M University common career trajectories:

• Economists
• Financial Analyst
• Market Research Analyst
• Policy Analyst
• Data Analyst/Scientist
• Consultant
• Banking and Finance Professionals
• Academia and Research
• Government and Public Policy
• Non-Profit and International Development
• Entrepreneurship

Economists - analyze data, research trends, and evaluate economic issues for resources allocation, goods and services distribution, and economic policies. They might work in government agencies, international organizations, or private sector firms.

Financial Analyst - assess investment opportunities, market trends, and financial data to help businesses and individuals make informed investment decisions. They are often employed by banks, investment firms, and insurance companies.

Market Research Analyst - study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Policy Analyst - research and analyze issues that affect the public and propose policies to address them. They typically work for government entities, think tanks, and research organizations.

Data Analyst/Scientist - spend their time interpreting and extracting meaningful insights from large datasets.

Consultant - offering advice on economic strategies and business operations to a variety of organizations.

Banking and Finance Professionals - occupy such roles as credit analysts, loan officers, or financial advisors, where they apply their understanding of economics to financial products and services.

Academia and Research - some graduates may pursue further education, such as a master's or Ph.D., leading to careers in teaching and academic research.

Government and Public Policy - working in local, state, or federal government agencies, these graduates help develop and analyze policies, especially those related to economic development and regulation.

Non-Profit and International Development - graduates may work with NGOs or international agencies focused on economic development, poverty reduction, and global economic issues.

Entrepreneurship - with knowledge of economic trends and business principles, some graduates may start their own businesses or engage in startup ventures.

Salaries for graduates of FAMU's business program vary to well above six figures.

Bachelor of Arts in Economics Salary Expectations

According to the U.S. Bureau of Labor Statistics, the median pay for economists in 2022 is $113,940 annually or $54.78 hourly. While the typical entry-level education for economists is a Master's degree, it's noted that some economists, especially those in government roles, can qualify for entry-level positions with just a bachelor’s degree.

In 2022, the average Economist made:
• An average of $62 and hour
• A median salary of $114,000
• The top percentile made an average of $207,000

States with the highest employment level in Economists:
• District of Columbia
• California
• Maryland
• New York
• Virginia

SBI graduates have the privilege of networking with a network of successful SBI and FAMU alumni for professional advice and social connections.

Bachelor of Arts in Economics Frequently Asked Questions (FAQs)

Q: What resources or academic support is available for economics students?
A: Academic advisors are available to assist with course selection and planning from your first semester as a freshman to graduation.

In addition to the Samuel H. Coleman Memorial Library, FAMU has the following four library branches which are accessible to economics students: Architecture, Engineering, Journalism & Graphic Communications, and Science Research Library
Undergraduate Student Success Center works with students and professional tutors to provide 1-on-1 tutoring sessions, group study sessions, skills workshops, course content review sessions, and essay writing workshops
Office of Career Development Services supplies students with the opportunity to engage with career partners, which can lead to internships and/or full-time career opportunities
Opportunities to participate in case competitions to gain practical experience

Q: What are the admission requirements for economics graduate programs?
A: Note: admission requirements will vary for graduate programs, but generally, you may need:

A bachelor's degree in economics or a related field
A minimum GRE score
Potential letters of recommendations
A state of purpose stating your reason or desire to enroll in graduate School
Academic transcripts from your undergraduate institution

Q: How do I choose an economics specialization or concentration?
A: To select an economics specialization or concentration, consider the following:

Reflect on your interests or the aspects of economics that most interest you, whether it's microeconomics, macroeconomics, finance, or any other narrowly related field
Look at course offerings by reviewing FAMU's course catalog to see what specializations or concentrations are available
Seek advice from an academic advisor, academic coach, or economics faculty member
Let your potential career options be your guide. Your specialization should be related to your future career goals

Program Faculty

Name	Email	Phone
Victor Oguledo	victor.oguledo@famu.edu	850-599-8353
Ifeakandu Okoye	ifeakandu.okoye@famu.edu	850-599-8334
Nathaniel Johnson	nathaniel.johnson@famu.edu	850-599-8340