Economics, BS

The Bachelor of Science in Economics from Florida A&M University offered through the School of Business and Industry, is an in-depth program crafted to provide students with a robust and comprehensive academic base, augmented with Professional Leadership Development. This program is strategically designed to prepare students for a dynamic array of careers in the field of economics.

Students venture on their academic journey with essential courses that instill fundamental economic concepts and problem-solving abilities. Core courses such as Principles of Economics I & II set the stage for more advanced exploration. As they advance, students study Intermediate Microeconomic Theory and Macroeconomic Theory to unravel the intricacies of economic analysis and theory.

Further into the program, students engage with specialized courses like International Finance, Mathematical Economics, and Econometrics, aimed at honing analytical skills and enabling students to tackle complex economic challenges in real-world scenarios. Unique to the Bachelor of Science track, students must complete Public Finance, Economics of Less Developed Countries, Calculus II, and Advanced Composition courses to build a specialized knowledge base.

Economics, BS with a minor in Business

The program requires 120 semester hours, equipping graduates for various professional avenues such as economic research, financial analysis, policy consultancy, or advanced academic endeavors in graduate studies. Earning a Bachelor of Science in Economics from Florida A&M University is a testament to the graduate’s competence in economic principles, quantitative and analytical skills, and a global outlook—indispensable attributes in today’s corresponding economy.

Academic Course Curriculum

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

What is Bachelor of Science in Economics?

The Bachelor of Science in Economics at Florida A&M University is aimed at producing graduates who excel as leaders in global business, industry, and commerce. The program focuses on a deep understanding of economic theory and its practical applications, combining academic study with practical skills in mathematics, social science, humanities, statistics, and computers. Students typically are analytically minded, interested in economic systems and their societal impact, and seek a strong foundation in economic theories. The program prepares them for diverse professional settings, including business, government, and non-profits, and equips them for further advanced studies or careers in economic analysis, policy development, and financial consulting.

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

Bachelor of Science 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 vary to well above six figures.

Bachelor of Science 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 Economists 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 Science in Economics Frequently Asked Questions (F.A.Qs)

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
DeEdgra Williams	deedgra.williams@famu.edu	850-412-7744