BS Economics and Applied Econometrics

4 Years On Campus Bachelors Program

University of Delaware

Program Overview

The Bachelor of Science in Economics and Applied Econometrics at the University of Delaware is designed for students who are passionate about understanding economic principles and applying quantitative methods to real-world problems. This program is ideal for those who enjoy analytical thinking and are eager to explore how economic theories can influence policy and business decisions.

Curriculum Structure:

In the first year, students will build a strong foundation in economics with courses such as "Principles of Microeconomics" and "Principles of Macroeconomics." These introductory courses will equip students with essential concepts and analytical tools, setting the stage for more advanced studies in economics.

During the second year, students delve deeper into the field with courses like "Intermediate Microeconomic Theory" and "Intermediate Macroeconomic Theory." This year emphasizes critical thinking and problem-solving skills, as students learn to analyze economic models and their applications in various contexts.

In the third year, the focus shifts to applied econometrics, where students take courses such as "Econometrics" and "Statistical Methods for Economists." Here, students will gain hands-on experience with data analysis and statistical software, preparing them for real-world economic research and policy evaluation.

In the final year, students can tailor their education to their interests through electives and a capstone project. Courses like "Time Series Analysis" and "Applied Econometrics" allow students to apply their knowledge to complex economic issues, culminating in a comprehensive understanding of how to use econometric techniques in practice.

Focus Areas: Economic theory, quantitative analysis, policy evaluation, data analysis.

Learning Outcomes: Critical thinking, analytical skills, proficiency in econometric methods, ability to apply economic theories to real-world scenarios.

Professional Alignment (Accreditation): The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring a high standard of education.

Reputation (Employability Rankings): The University of Delaware consistently ranks well in employability, with strong connections to industry and a robust alumni network that enhances job placement opportunities.

For more information about the program, please visit the official University of Delaware website: [BS Economics and Applied Econometrics](https://www.udel.edu/academics/colleges/artsandsciences/economics/).

Experiential Learning (Research, Projects, Internships etc.)

At the University of Delaware, the BS in Economics and Applied Econometrics program is designed to provide students with a robust foundation in economic theory while also equipping them with practical skills that are essential in today’s data-driven world. Students engage in hands-on learning experiences that prepare them for real-world challenges, utilizing state-of-the-art facilities and tools that enhance their educational journey.

Through a combination of group projects, internships, and access to specialized software, students can apply their knowledge in practical settings, making their learning experience both dynamic and impactful. Here are some key components of the experiential learning opportunities available in this program:

- Data Analysis Software: Students gain proficiency in industry-standard software such as Stata, R, and Python, which are essential for data analysis and econometric modeling.
- Research Opportunities: The program encourages participation in faculty-led research projects, allowing students to contribute to ongoing studies and gain valuable research experience.
- Internships: The university has strong connections with local businesses and government agencies, providing students with internship opportunities that offer real-world experience and networking potential.
- Group Projects: Collaborative projects are a key part of the curriculum, fostering teamwork and communication skills while tackling real economic issues.
- Field Trips: Students often participate in field trips to economic institutions, government agencies, and businesses, providing insights into the practical applications of their studies.
- Access to Libraries and Research Centers: The University of Delaware boasts extensive library resources and research centers, including the Economics Department’s own research facilities, where students can access a wealth of data and literature.
- The Institute for Financial Services Analytics: This institute provides additional resources and opportunities for students interested in the intersection of economics and finance, including workshops and seminars.

These experiential learning opportunities not only enhance your academic experience but also prepare you for a successful career in economics and applied econometrics. If you’re ready to take the next step in your education, consider applying to the University of Delaware’s BS in Economics and Applied Econometrics program. For more information on the facilities available, you can check out the full list [here](https://www.udel.edu/facilities).

Progression & Future Opportunities

Choosing to pursue a Bachelor of Science in Economics and Applied Econometrics at the University of Delaware opens up a world of opportunities. Graduates from this program are well-prepared for a variety of roles in the workforce, including positions such as Economic Analyst, Data Scientist, and Policy Advisor. The skills you acquire will not only make you competitive in the job market but also provide a strong foundation for further academic pursuits.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: The Career Services Center offers personalized career counseling, resume workshops, and interview preparation to help you land internships and job placements. Additionally, the Office of Alumni Relations connects students with a vast network of successful graduates in the field.

- Employment Stats and Salary Figures: According to recent data, graduates from the Economics program have a high employment rate, with over 90% securing jobs within six months of graduation. The average starting salary for graduates in this field is around $60,000, with potential for growth as you gain experience.

- University–Industry Partnerships: The University of Delaware has established partnerships with leading organizations such as JPMorgan Chase, Deloitte, and the Federal Reserve, providing students with internship opportunities and real-world experience that enhances their learning.

- Long-term Accreditation Value: The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB), ensuring that you receive a high-quality education that is recognized globally.

- Graduation Outcomes: Alumni from the program have gone on to work in diverse sectors, including finance, government, and non-profit organizations, demonstrating the versatility of the degree.

Further Academic Progression: After completing your BS in Economics and Applied Econometrics, you may choose to further your studies by pursuing a Master’s degree in Economics, Public Policy, or Business Administration. The strong analytical and quantitative skills you develop will serve you well in graduate programs, and many students find that their undergraduate experience at the University of Delaware gives them a competitive edge in advanced studies.

By choosing this program, you’re not just earning a degree; you’re setting yourself up for a successful and fulfilling career. The University of Delaware is committed to your growth and success, and we can’t wait to see where your journey takes you!

Career Options

Economist – Analyze economic data and trends to advise government agencies private corporations or consulting firms on policy markets or business strategy
Investment Banking Analyst – Support capital raising mergers and acquisitions and financial transactions by building detailed financial models and conducting valuations at investment banks
Data Analyst or Data Scientist – Use programming languages like Python R and SQL and statistical techniques to analyze large datasets and provide actionable insights for business or policy decisions
Actuary – Combine economics statistics and mathematics to assess and manage financial risks for insurance companies pension funds and financial service firms
Management Consultant – Advise organizations across industries on operational efficiency market entry and strategic challenges to improve overall performance
Financial Analyst – Evaluate company financial statements market conditions and investment opportunities to guide corporate finance portfolio management or banking decisions
Policy Analyst – Research and assess public policies related to economics labor health or education for think tanks NGOs or government agencies
Quantitative Analyst or Econometrician – Apply advanced quantitative methods and econometric models to forecast economic outcomes and guide investment or policy decisions
Certified Public Accountant CPA – Provide auditing tax planning and financial consulting services combine economic understanding with regulatory compliance in accounting firms or corporations
Economic Researcher – Conduct academic or applied research for universities government bodies like the Federal Reserve or Bureau of Labor Statistics or international organizations
Marketing Analyst – Analyze consumer data and market trends to optimize pricing strategies product launches and promotional campaigns for corporations
Financial Risk Analyst – Identify and quantify financial risks in banking insurance or corporate finance to develop risk mitigation strategies
International Development Specialist – Work on economic development projects focused on poverty reduction trade or policy reform for international agencies like USAID or the World Bank
Federal Reserve Analyst or Central Banker – Support monetary policy economic research and financial regulation to promote economic stability and growth at regional Federal Reserve Banks or the Board of Governors
Entrepreneur or Startup Founder – Leverage economic principles to build businesses especially in sectors like fintech healthtech or analytics-driven platforms