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Why Major in Economics?
It is the difference between hearing and doing.
Our focus on experiential learning provides a solid foundation for what is to come in the professional world. Undergraduate students are encouraged to get involved with our student-run ventures, business hatcheries, Financial Information Center, internships and student organizations to apply learning and gain experience outside of the classroom.
It is the difference between a job and a career.
Exposure to various business disciplines helps our students determine what they are most passionate about, while strong relationships within the business community provide a valuable network. The six-month placement rate for The Jack C. Massey College of Business consistently exceeds 96 percent, and our alumni have continued access to the Career Development Center for future assistance.
It is the difference between working and thriving.
Belmont’s beautiful campus is located in the heart of Nashville, a thriving city full of opportunities. Our students participate in internships within healthcare enterprises, accounting firms, financial institutions, nonprofit organizations, technology companies, professional sports teams, hotels and restaurants. Whether in a traditional corporate setting, entrepreneurial venture or nonprofit, our graduates are making a difference.
In addition to providing an excellent foundation for graduate school, a background in economics is very beneficial for business and community leadership roles. Opportunities for economists exist in private industry, consulting firms, governmental agencies and education. Notably, the demand for workers who have knowledge of economics is projected to grow faster than the average for all occupations.
What You'll Learn
- Basic operation of a market economy
- Banking system, fiscal, monetary and supply-side economic policies
- Behavior of individual decision-making units
- Demand and supply analysis
- Market structures and resource allocation
An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programs.
- Budget Analyst
Budget analysts help companies and organizations keep their finances on track. They prepare budgets and develop forecasts based on past spending and economic trends.
Economists study the ways a society uses scarce resources such as land, labor, raw materials and machinery to produce goods and services. They analyze the costs and benefits of distributing and consuming these goods and services.
- Financial Analyst
Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds and other types of investments.
- Market Research Analyst
Market research analysts 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.
Tina Sharma '15 | Global Product Lead at Google
"Right after graduation, within a week, I packed my bags and moved to California."
The economics major leads to the Bachelor of Business Administration (B.B.A.) and requires a total of 128 credit hours of coursework:
- BELL core requirements: 50 hours
- Business courses: 35 hours
- B.B.A. core technical requirement: 3 hours
- Major area: 18 hours
- Major electives: 12 hours
- General electives: 22 hours
Courses You'll TakeECO 2210 Principles of Macroeconomics
An introductory course in macroeconomic theory. Primary emphasis is placed upon the study of economic aggregates. Topics to be studied include: the basic operation of a market economy; national income accounting, the determination of employment, output and the price level; the banking system, fiscal, monetary and supply-side economic policies.
ECO 2220 Principles of Microeconomics
An introductory course in microeconomic theory. Primary emphasis is placed upon the study of the behavior of individual decision-making units. Topics to be studied include: demand and supply analysis, the theory of consumer behavior, the theory of the firm, market structures and resource allocation and resource price-employment determination.ECO 3000 Labor Economics
An extension of economic principles to labor markets. Primary emphasis is placed on household and firm decision-making units within the labor market. Topics to be studied include: labor demand and supply, wage differentials, minimum wage legislation, unemployment, investment in human capital, worker mobility, effects of labor unions, gender, race and ethnicity in the labor market and earnings inequality.ECO 3260 Intermediate Macroeconomics
An extension of ECO 2210 designed to provide students with a richer treatment of modern macroeconomic principles and policy. Topics include national income and employment determination, unemployment and inflation, economic growth theory and policy, monetary and fiscal policy and the influence of international trade and trade policy on the U.S. economy.ECO 3270 Intermediate Microeconomics
An extension of ECO 2220, designed to provide students with a firm grasp of modern microeconomic principles and their application. Topics include consumer behavior and demand analysis, production and cost analysis, resource price and employment determination, market structure and performance and the influence of public policy on industry performance.ECO 3310 Healthcare Economics
This course will guide students to understand how economic principles apply to the market for healthcare. Topics of study will include cost-benefit analysis, the market for insurance, the pharmaceutical industry, the private markets for physicians and hospital services and the potential roles for government in healthcare. The course will include a brief survey of alternate healthcare delivery systems and models for reform.ECO 3800 Comparative Economic Systems
This course investigates the organization of economic systems in the world’s major industrialized nations. Through comparative analysis of social, private sector and governmental institutions, students learn the strengths and weaknesses of national economies. The economics of China, the European Union, Japan and the Commonwealth of Independent States are the primary areas of interest for this course. Particular emphasis is placed upon the impact of globalization in each economy.ECO 4200 History of Economic Thought
A study in the development of economic thought from ancient to modern times with primary emphasis on the Classical, Neo-classical and Keynesian periods.ECO 4400 International Economics
An examination of the special problems and issues surrounding the economic interaction of sovereign nations. Topics include gains from trade, patterns of trade, balance of payments, determination of exchange rates, free trade and protectionism, international capital markets and issues in international policy coordination.ECO 4500 Global Managerial Economics
Studies the application of economic principles to managerial decision-making within the context of the global environment. Topics included demand and cost analysis, production principles and analysis, measurement and analysis of profits, pricing principles and practices, supply chain management considerations, trade finance options and the influence of market structure on business decisions for enterprises in the United States and the wider international community.ECO 4700 Economic Growth and Development
A survey of contemporary economic theories on the determinants of national economic welfare with particular emphasis placed on overcoming the challenges confronting developing countries. Course provides a historical, socio-political, theoretical and institutional context for discussing poverty, wealth, capital accumulation and international aid.
The Jack C. Massey College of Business offers a variety of co-curricular leadership and learning opportunities to qualifying students in the form of student organizations and honors societies. Each organization has a faculty advisor, if not multiple. Therefore, our students are able to network and collaborate with faculty both in and out of the classroom.
- Association for Information Systems
- American Marketing Association
- Business Student Advisory Board
- Collegiate DECA
- Equity Trading Club
- International Business Society
- Society for Human Resource Management
- Student Center for the Public Trust
- Beta Alpha Psi
- Beta Gamma Sigma
- Omicron Delta Epsilon
- Sigma Nu Tau
A Global Perspective
As the workplace becomes more international in scope, a successful manager needs knowledge and skills that extend beyond the traditional business disciplines. Thus, Belmont’s Jack C. Massey College of Business places a strong emphasis on the global business community and requires all BBA degree-seeking students to complete an international business course. Global issues are also interwoven throughout other courses in the business curriculum.
In addition to classroom learning, all students in The Jack C. Massey College of Business are encouraged to participate in Belmont’s Study Abroad program. Business study abroad programs and exchange opportunities are available in numerous countries. Our students travel to six of the seven continents, immersing themselves in the language, culture and business of each country they visit.
Earn credit towards:
- General Education
- Academic Year
Maymester is a two to three week study abroad experience during the month of May where Belmont students take advantage of tuition discounts and can sometimes earn up to nine credit hours. Maymester trips are led by Belmont faculty members, so students are able to further connect with their faculty in a meaningful way.
Immerse yourself in language, culture and business on a global scale by studying abroad.
We are an innovative, student-centered learning community that prepares entrepreneurially, ethical and socially responsible future business leaders for the dynamic global economy.
We are committed to:
- Relevant, interactive and experiential academic programs provided by faculty with diverse and extensive academic qualifications and professional experience;
- Advising and mentoring students for career growth and development;
- Impactful scholarship that advances the practice, knowledge and teaching of business and management;
- Engaging the communities we serve through value-added relationships.
Organized in 1916, The Association to Advance Collegiate Schools of Business (AACSB) is the premier agency for bachelor’s, master’s and doctoral degree programs in business administration and accounting. AACSB International accreditation represents the highest standard of achievement for business schools worldwide.
Fewer than 5 percent of the world’s business schools are able to adhere to standards that result in AACSB accreditation of their business education programs. A much smaller group, fewer than 2 percent of business schools (185) worldwide, have earned the separate, specialized accreditation for their accounting program.
Belmont University’s Jack C. Massey College of Business is the only private college or university in Tennessee that is accredited by AACSB International for our B.B.A. and M.B.A. programs, as well as our Accounting major and Master of Accountancy degree.