BS Economics | LSU Department of Economics (2024)

FAQs

Is BS economics difficult? ›

A college-level economics class can be challenging because you need to grasp new concepts like supply and demand, scarcity, diminishing returns, and opportunity costs. It requires you learn new vocabulary and to use critical thinking skills. But those theories, concepts, and terms build upon one another.

A bachelor's degree is often enough to find work in the field, but some require a master's. Along with a solid background in business education, market research consultants also need strong skills in math and analysis.

If you are more interested in the theory behind economics and its practical application, you should consider the B.A. degree since it offers more opportunities to take theory-based economic classes. If you are interested in the math behind economic decisions, the B.S. degree is a better choice for you.

Just as any major has its challenging courses, economics requires the study of complex concepts that don't often have black-and-white solutions. Within the discipline there is a wide range of topics from macroeconomics (the study of economy-wide issues) to microeconomics (the study of individual behavior).

Economics is considered a social science, but even as social science, some of the theories and analysis in economics require a firm foundation in mathematics.

As a finance degree heavily depends on financial analysis and modeling, students may find the material more difficult if they struggle with mathematical concepts. However, students seeking an economics degree might have difficulty understanding abstract ideas like economic theory and policy analysis.

Math and statistics are used in economics, but at the undergraduate degree level, the math and statistics are certainly not overwhelming. Economics majors are usually required to take one statistics course and one math course (usually an introductory calculus course).

Is economics a good career? Yes – a career in economics offers a wide range of opportunities across sectors like finance, consulting, government, academia, and research.

Bachelor of Arts (A.B.)

Are economics majors in demand? ›

6% job growth means that by 2032, the BLS expects there to be about 18,650 non-academic economists employed in the US (though they also project 1,100 new positions, which would represent a 6.5% increase). Similarly, the BLS estimates that there are 11,640 economics faculty positions in the US as of May 2022.

The applications were recently approved and Economics is now designated as a science, technology, engineering and mathematics (STEM) discipline. The change in CIP codes is effective Autumn 2020. 1.

The problem: why is economics so confusing? Economics is confusing to a lot of people because it deals with abstract concepts that are difficult to wrap your head around. In addition, the field of economics is constantly changing and evolving, which makes it hard to keep up with the latest thinking.

Alumni with degrees in economics may attain positions in areas such as business management, finance, law, actuary, education, sales, administrative, and journalism in addition to economics.

A degree in economics can provide a variety of job opportunities in nearly every industry, from local government and the sciences to finance and insurance. While some of these jobs might require additional certifications or education, others are available to those with a bachelor's degree.

Like pretty much anything, economics is a hard subject if you want to really learn it. You can learn some basic terminology and concepts easily, but the rest will involve hard work and serious math skills.

#3 Economics

It's about how people think and act, what makes them make the decisions they do, and so on. So why do people consider economics a difficult major? In this area, you will take a lot of math and statistics classes and do plenty of critical thinking and synthesizing of data – so it can definitely be hard!

Economics majors have also generally studied demand theory and estimation, production and cost theory, analysis of market structure, antitrust policy, government regulation of business, capital budgeting, inflation theory, unemployment, the determination of interest rates, and international economics.