Economics Bachelors of Science in Business Administration

The Department of Economics offers a B.S.B.A. degree in Business Economics. Students are provided with meaningful opportunities to learn analytical tools and economic theories in order to build critical thinking skills. In addition, students take other courses in the College of Business Administration, thereby ensuring that they have a broad exposure to all fundamental areas of business.


Business Core Courses

Required (33 Credits)

GEB 3031 Cornerstone Lecture
GEB 3031L Cornerstone Lab
GEB 3003 Career Research and Planning
GEB 3005 Career Search Strategies
MAR 3023 Marketing
GEB 3375 Intro to International Business
BUL 3130 Legal and Ethical Environments of Business
ECO 3411 Quantitative Business Tools II
FIN 3403C Business Finance
MAN 3025 Management of Organizations
MAR 3203 Supply Chain Management
GEB 4223 Business Interviewing Techniques
GEB 4004 Executing Your Career Plan


Graduating Semester:
MAN 4720 Strategic Management / Capstone

Economics Courses

Required (7 Credits)

ECO 3101 Intermediate Microeconomics
ECO 3203 Intermediate Macroeconomics
ECO 4902 Capstone in Economics

Restricted Electives (18 credits)

ECO 3223 Money and Banking
ECO 3410 Mathematical Economics
ECO 3703 International Microeconomics
ECO 4303 History of Economic Thought
ECO 4412 Econometrics
ECO 4504 Public Economics
ECO 4713 International Macroeconomics
ECO 4751 Law and Economics
ECO 4934 Topics in Econometrics
ECP 3004 Seminar on Current Economic Topics
ECP 3203 Labor Economics
ECP 4303 Environmental & Natural Resource Economics
ECP 4403 Industrial Org and Game Theory
ECP 4530 Health Economics
ECP 4013 Development Economics


No certificates are offered for this major.


Internships are academic courses that allow students to apply classroom theory in a practical work setting and gain personal, academic and work competencies.

  • One semester
  • Major-related
  • Off-campus
  • 3 Credit Hours
  • Paid or unpaid
  • S/U Grade will be given
  • Does not count as a restrictive elective

Department of Economics internships are available to juniors and seniors majoring in economics and have a 2.5 GPA overall. The objective of the internship is to provide students the opportunity to gain valuable experience at an organization or company while receiving academic credit. The internship cannot be with your present company, unless it will be under a supervisor other than your present one. You are expected to work a minimum of 20 hours a week for the internship.

The Economics Internship Coordinator is Dr. Ernest Gibbs. The application form, College of Business audit sheet, resume and letter from the supervisor on company letterhead detailing major responsibilities, hours, etc., must be submitted to Dr. Gibbs two weeks prior to the start of the semester.

Progress Reports: submit three (3) one page memos (via fax, letter, or in person) summarizing the progress of your internship acknowledged and signed by your intern supervisor, due on 4th, 8th, and 12th week of the semester. Keep a diary of job-related activities, memos, reports, etc. that you prepare. The Final Report (7-10 pages) should include a summary of your work, skills you’ve learned, and skills and concepts learned at UCF that were applied as an intern.

Internships which work with all majors are available to all students at the University of Central Florida for elective credit through the Office of Experiential Learning.

What can I do with this major?

General Information and Strategies

  • Economics is a social science that researches people and how they use their resources with a focus on the economic well-being of society.
  • An undergraduate degree in economics can lead to many career opportunities. Students should clearly define their goals and seek experiences and skills necessary to reach those goals.
  • Some undergraduate programs are located in colleges of Business and others in Arts and Sciences. These may lead to either the B.A. or B.S. Career opportunities can vary slightly depending upon the particular degree and curriculum.
  • Most economist positions require masters or doctoral degrees in economics or a closely related field.
  • Economics can serve as good preparation for graduate programs in economics, law, public administration, international affairs, management science, or business.
  • Gaining relevant experience through part-time and summer jobs or internships is critical.
  • Important skills for economists to gain include: data acquisition and analysis techniques, critical thinking, report writing, competency with relevant software, and the ability to identify economic trends.
  • Learn about economics and business careers through research on internet sites and books, informational interviews of professionals, and exposure to work environments through shadowing, volunteering, or interning.
  • Get involved in student professional associations in field of interest.
  • Build and utilize a personal network of contacts. Once in a position, find an experienced mentor.


Area Employer Information
• Specialties Include: Micro, Macro, Financial, International, Organizational/Industrial, Demographic or Labor, Public Finance, Econometrics, Business
• Data Collection
• Research Analysis
• Forecasting
• Planning
• Consulting
• Policy Advising
• Consulting firms
• Research firms
• Private corporations in a variety of industries including but not limited to: Retail, Banking, Insurance, Mining, Transportation, Healthcare, Tourism
• Consumer goods manufacturing firms
• Federal government including but not limited to: Department of Labor- Bureau of Labor Statistics, Department of Commerce- Bureau of Economic Analysis and Census Bureau, Department of Agriculture- Agricultural Research Service, Department of State, Department of Health, Environmental Protection Agency – Office of Policy, Planning and Development, Securities and Exchange Commission, Small Business Administration, Congressional Budget Office, Federal Reserve System – Board of Governors, Legislatures
• Local and state government agencies
• Public utilities
• Trade associations
• Labor unions
• International organizations
• Most economics positions in the private sector require a masterÕs or doctoral degree. Plan to specialize at the graduate level.
• Some entry level positions such as Research Assistant or Economics Assistant are available in government agencies for candidates with bachelorÕs degrees, but more opportunities and the potential for advancement are available for candidates with graduate degrees.
• Approximately 50% of economists work for the federal government.
• Economists can specialize in a particular industry such as healthcare, transportation, or energy. Nearly all industries employ economists.
• Develop excellent quantitative, analytical, and computer skills along with the ability to communicate data and findings to people with less technical backgrounds.
• Supplement undergraduate curriculum with courses in math, statistics, computer science, business, and political science.
• Gain experience with survey design and working with large amounts of data.
• Become adept at making reports, creating charts and graphs, and writing findings clearly.
• Complete an internship with a government agency or market research firm.
• Read journals to understand the industry.
• Learn to work independently and to demonstrate a proclivity to problem solving.

Banking and Finance

Area Employer Information
• Financial Analysis
• Commercial Banking
• Retail/Consumer Banking
• Credit Analysis
• Lending
• Trust Services
• Mortgage Loans
• Branch Management
• Operations Securities: Sales, Research
• Corporate finance departments
• Banks Credit unions
• Savings and loan associations
• Financial services institutions
• Federal Reserve banks
• Build a solid background in business including finance, accounting, and marketing.
• Gain experience through part-time, summer, or internship positions in a bank or financial services firm.
• Develop strong interpersonal and communication skills in order to work well with a diverse clientele.
• Serve as treasurer for student organizations.
• Get involved with investment clubs.
• Earn an MBA for positions in investment banking.


Area Employer Information
• Claim
• Underwriting
• Risk Management
• Sales
• Loss Control
• Actuarial Science
• Insurance firms
• Banks
• Complete an internship with an insurance agency.
• Talk to professionals in the industry to learn more about claims, underwriting, and risk management. Many entry-level positions exist in these areas.
• Initiative and sales ability are necessary to be a successful agent or broker.
• Develop strong communication skills as many positions require interaction with others and the ability to explain information clearly and concisely.
• For actuary science, take additional courses in statistics and mathematics. Plan to take a series of actuarial exams to gain licensure from either the Society of Actuaries or the Casualty Actuarial Society. The type of insurance you deal with will determine which path to pursue. Most actuaries take these exams while working full-time, and the process takes several years.


Area Employer Information
• Industrial Sales
• Consumer Product Sales
• Financial Services Sales
• Services Sales
• Advertising Sales
• E-commerce
• Customer Service
• Sales Management: District, Regional, and Higher
• For-profit and nonprofit organizations
• Product and service organizations
• Manufacturers
• Financial companies
• Insurance companies
• Print and electronic media outlets
• Software and technology companies
• Internet companies
• Obtain related experience through internships or summer and part-time jobs.
• Seek leadership positions in campus organizations.
• Work for the campus newspaper, directory, or radio station selling advertisements.
• Become highly motivated and well-organized.
• Develop a strong commitment to customer satisfaction.
• To deliver effective customer service, develop problem solving skills, self-confidence, assertiveness, and empathy.
• Learn to work well under pressure and to be comfortable in a competitive environment.
• Prepare to work independently and to be self-motivated. Plan to work irregular and/or long hours.
• Learn to communicate effectively with a wide range of people. Supplement curriculum with classes in interpersonal communication and public speaking.


Area Employer Information
• Areas and job titles vary by industry • Business and industry including: Banks and financial institutions, Retail stores, Restaurants, Hotels, Service providers, Healthcare organizations and hospitals, Manufacturers, Industrial organizations
• Local, state, and federal government
• Nonprofit organizations
• Self-employed
• Take additional courses in management.
• Prepare to start in entry-level management trainee positions. Demonstrate initiative and leadership to get promoted.
• Gain experience through internships or summer and part-time jobs.
• Get involved in student organizations and assume leadership roles.
• Demonstrate an entrepreneurial spirit, a strong work ethic, integrity, and a sense of independence.
• Learn to work well on a team and develop strong communication skills.


Area Employer Information
• Teaching
• Research
• Colleges and universities
• Secondary public and private schools
• Earn a Ph.D. to teach in post-secondary institutions.
• Gain research experience by assisting a professor.
• Maintain a high GPA and secure strong faculty recommendations to get admitted into graduate school.
• Obtain teacher certification for public school positions. Earn additional certifications as it is unlikely that schools will hire teachers only for economics.
• Seek experience working with young people.
• Develop strong public speaking skills.

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