BS Economics

4 Years On Campus Bachelors Program

University of Maine

Program Overview

The Bachelor of Science in Economics at the University of Maine offers a comprehensive understanding of economic principles and their real-world applications, making it an excellent choice for students interested in analyzing data, understanding market dynamics, and influencing policy decisions. This program is ideal for those who are curious about how economic systems operate and are eager to develop critical thinking and analytical skills that are highly valued in various industries.

Curriculum Structure:

In the first year, students will lay a solid foundation in economics with courses such as "Principles of Microeconomics" and "Principles of Macroeconomics." These introductory courses will help students understand the basic concepts of economic theory, consumer behavior, and the functioning of markets, setting the stage for more advanced studies.

During the second year, students delve deeper into economic analysis with courses like "Intermediate Microeconomic Theory" and "Intermediate Macroeconomic Theory." Here, they will explore more complex economic models and learn to apply quantitative methods to analyze economic data, enhancing their problem-solving skills and preparing them for real-world economic challenges.

In the third year, students can choose electives that align with their interests, such as "Econometrics" and "International Economics." This year emphasizes the application of statistical techniques to economic data and the study of global economic interactions, allowing students to tailor their education to their career aspirations.

In the final year, students will engage in advanced topics through courses like "Public Economics" and "Behavioral Economics." This capstone experience will enable them to synthesize their knowledge and apply it to contemporary economic issues, preparing them for successful careers or further academic pursuits.

Focus Areas: Economic Theory, Data Analysis, Policy Evaluation

Learning Outcomes: Critical Thinking, Quantitative Skills, Economic Analysis

Professional Alignment (Accreditation): The program is accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Reputation (Employability Rankings): The University of Maine consistently ranks well in employability, with graduates finding success in various sectors, as noted in QS World University Rankings.

For more information about the BS in Economics program, please visit [University of Maine Economics Program](https://umaine.edu/economics/).

Experiential Learning (Research, Projects, Internships etc.)

At the University of Maine, the BS in Economics program is designed to provide students with a robust foundation in economic theory while also emphasizing practical skills that are essential in today’s job market. Students engage in hands-on learning experiences that prepare them for real-world challenges. The program leverages state-of-the-art facilities and tools, ensuring that students not only learn the concepts but also apply them in practical settings.

Here are some key aspects of experiential learning within the BS Economics program:

- Internships: Students have the opportunity to participate in internships with local businesses, government agencies, and non-profits, allowing them to gain valuable work experience and network within the industry.

- Research Opportunities: The university encourages undergraduate research, providing access to faculty-led projects where students can contribute to meaningful economic research.

- Software Proficiency: Students gain hands-on experience with industry-standard software such as STATA and R, which are essential for data analysis and economic modeling.

- Group Projects: Collaborative projects are a key component of the curriculum, fostering teamwork and communication skills as students tackle real economic issues.

- Field Trips: The program includes field trips to local businesses and economic institutions, giving students a firsthand look at how economic principles are applied in various settings.

- Access to Libraries and Resources: The Raymond H. Fogler Library offers extensive resources, including economic databases and journals, which are crucial for research and coursework.

- Dedicated Facilities: The university features specialized labs and classrooms equipped with the latest technology to support interactive learning and simulations.

- Institute for Maine's Future: This institute provides students with opportunities to engage in projects that address economic challenges facing the state, further enhancing their practical experience.

These elements of experiential learning not only enrich the academic experience but also equip students with the skills and knowledge needed to excel in their careers. For more information on the facilities available at the University of Maine, you can visit the official facilities list [here](https://umaine.edu/facilities/).

Choosing the BS in Economics at the University of Maine means you’re not just learning; you’re preparing for a successful future.

Progression & Future Opportunities

Choosing to pursue a Bachelor of Science in Economics at the University of Maine opens the door to a wealth of career opportunities. Graduates from this program often find themselves in roles such as financial analyst, market researcher, and policy advisor, equipped with the analytical skills and economic knowledge that employers highly value. The strong foundation you’ll gain here will not only prepare you for immediate employment but also set you up for long-term success in various sectors:

- University Services: The Career Services Center offers personalized career counseling, resume workshops, and interview preparation to help you stand out in the job market. Additionally, the Business and Economics Department hosts networking events and job fairs that connect students with potential employers.

- Employment Stats and Salary Figures: According to recent data, over 90% of our economics graduates secure employment within six months of graduation, with starting salaries averaging around $55,000 per year.

- University–Industry Partnerships: The University of Maine has established partnerships with local businesses and organizations, providing students with internship opportunities that enhance real-world experience and employability. Collaborations with companies like IDEXX Laboratories and the Maine Department of Economic and Community Development offer valuable insights and job placements.

- 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 and respected by employers worldwide.

- Graduation Outcomes: Our graduates have gone on to work for prestigious organizations, including the Federal Reserve, major consulting firms, and non-profit organizations, demonstrating the versatility and demand for an economics degree.

Further Academic Progression: After completing your BS in Economics, you may choose to further your studies by pursuing a Master’s degree in Economics, Business Administration, or Public Policy. The University of Maine also offers graduate programs that allow you to specialize in areas such as environmental economics or international trade, providing you with advanced skills and knowledge to excel in your career.

By choosing the University of Maine for your economics degree, you’re not just investing in your education; you’re paving the way for a successful and fulfilling career.