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BS in Economics

Shorelight - American University, United States

bs-in-economics

Next enrollment cycle

December 2022

See all cycles

First Year Course Fee

USD 54,354

Course Accredited By

MSCHE

  • 4 Years
  • On Campus
  • Undergraduate
  • Degree
  • Up to 30% scholarship
The American University Department of Economics supports a pluralist approach to economics that embraces mainstream and heterodox perspectives and emphasizes policy applications.
  • We believe that theoretical understanding, empirical investigation, and policy analysis are enriched by study of the evolution of economic ideas and economic institutions.

Enrollment Cycles

  • December 2022
  • March 2023
  • July 2023
  • Kenya Certificate of Secondary Education (KCSE)
  • Undergraduate AAP 2 Terms B-/8
  • Undergraduate AAPA 2 Terms B-/8
  • Undergraduate EAP 3 Terms B-/8

Bachelor's Degree

  • Undergraduate PS AAP 2 Terms Second Class Honours, Lower C Satisfactory, 55%
  • Undergraduate PS AAPA 2 Terms Second Class Honours, Lower C Satisfactory, 55%
  • Undergraduate PS EAP 3 Terms Second Class Honours, Lower C Satisfactory, 55%

English Requirements
CERTIFICATE

IELTS

  • PSE (2 Terms) 4.5
  • PSE (1 Term) 5
  • EAP (3 Terms) 5.5 no sub-score below 5.0
  • AAP (2 Terms) 6 With no sub-score below 5.5
  • AAP Advanced (2 Terms) 6.5 With at least one sub-score of 5.5 and no sub- score below 5.5
  • SE (1 Term) 6.5 no sub-score below 6

TOEFL

  • PSE (2 Terms) 50 – 59
  • PSE (1 Term) 60 – 67
  • EAP (3 Terms) 68 no sub-score below 14
  • AAP (2 Terms) 74 with all sub-scores above 15 and at least one sub-score below 20
  • AAP Advanced (2 Terms) 80 with at least one sub-score below 20 but above 17 (minimum subscore required).
  • SE (1 Term) 85 No sub-score below 20

Duolingo

  • PSE (2 Terms) 70
  • PSE (1 Term) 80
  • EAP (3 Terms) 90 No sub-score below 80 (subscores effective Fall 21)
  • AAP (2 Terms) 100 No sub-score below 90 (sub-scores effective Fall 21)
  • AAP Advanced (2 Terms) 110 No sub-score below 100 (sub-scores effective Fall 21)
  • SE (1 Term) NA

Uganda

  •  Advanced Certificate of Education with a minimum of 2 Principal Passing grades of D or higher and at least 1 subsidiary pass in a college preparatory subject. In addition, Uganda Certificate of Education with a C (7) average or higher or General Certificate of Education Level (O Level) Examination Certificate with 5 academic subjects passed is required
  • Undergraduate AAP 2 Terms B5 and C's (2)
  • Undergraduate AAPA 2 Terms B5 C's (2)
  • Undergraduate EAP 3 Terms B5 C's (2)
  • Bachelor's degree, including Bachelor of Medicine or Bachelor of Surgery; Postgraduate and professional diploma or certificate
  • Undergraduate PS AAP 2 Terms 70, Class 2 Honors Upper
  • Undergraduate PS AAPA 2 Terms 70, Class 2 Honors Upper
  • Undergraduate PS EAP 3 Terms 70, Class 2 Honors Upper

English Requirements Certificate

IELTS

  • PSE (2 Terms) 4.5
  • PSE (1 Term) 5
  • EAP (3 Terms) 5.5 no sub-score below 5.0
  • AAP (2 Terms) 6 With no sub-score below 5.5
  • AAP Advanced (2 Terms) 6.5 With at least one sub-score of 5.5 and no sub- score below 5.5
  • SE (1 Term) 6.5 no sub-score below 6

TOEFL

  • PSE (2 Terms) 50 – 59
  • PSE (1 Term) 60 – 67
  • EAP (3 Terms) 68 no sub-score below 14
  • AAP (2 Terms) 74 with all sub-scores above 15 and at least one sub-score below 20
  • AAP Advanced (2 Terms) 80 with at least one sub-score below 20 but above 17 (minimum subscore required).
  • SE (1 Term) 85 No sub-score below 20

Duolingo

  • PSE (2 Terms) 70
  • PSE (1 Term) 80
  • EAP (3 Terms) 90 No sub-score below 80 (subscores effective Fall 21)
  • AAP (2 Terms) 100 No sub-score below 90 (sub-scores effective Fall 21)
  • AAP Advanced (2 Terms) 110 No sub-score below 100 (sub-scores effective Fall 21)
  • SE (1 Term) NA

TANZANIA

  • Certificate of Secondary Education (CSE)
  • Undergraduate AAP 2 Terms D/4
  • Undergraduate AAPA 2 Terms D/4
  • Undergraduate EAP 3 Terms D/4

English Requirements Certificate

IELTS

  • PSE (2 Terms) 4.5
  • PSE (1 Term) 5
  • EAP (3 Terms) 5.5 no sub-score below 5.0
  • AAP (2 Terms) 6 With no sub-score below 5.5
  • AAP Advanced (2 Terms) 6.5 With at least one sub-score of 5.5 and no sub- score below 5.5
  • SE (1 Term) 6.5 no sub-score below 6

TOEFL

  • PSE (2 Terms) 50 – 59
  • PSE (1 Term) 60 – 67
  • EAP (3 Terms) 68 no sub-score below 14
  • AAP (2 Terms) 74 with all sub-scores above 15 and at least one sub-score below 20
  • AAP Advanced (2 Terms) 80 with at least one sub-score below 20 but above 17 (minimum subscore required).
  • SE (1 Term) 85 No sub-score below 20

Duolingo

  • PSE (2 Terms) 70
  • PSE (1 Term) 80
  • EAP (3 Terms) 90 No sub-score below 80 (subscores effective Fall 21)
  • AAP (2 Terms) 100 No sub-score below 90 (sub-scores effective Fall 21)
  • AAP Advanced (2 Terms) 110 No sub-score below 100 (sub-scores effective Fall 21)
  • SE (1 Term) NA

United Kingdom

  • See GCE criteria
  • Undergraduate AAP 2 Terms GCE
  • Undergraduate AAPA 2 Terms GCE
  • Undergraduate EAP 3 Terms GCE
  • Bachelor's degree; Diploma in Technology or Technological Engineering or Arts and Design
  • Undergraduate PS AAP 2 Terms 60, Second Class (lower division)
  • Undergraduate PS AAPA 2 Terms 60, Second Class (lower division)
  • Undergraduate PS EAP 3 Terms 60, Second Class (lower division)

English Requirements Certificate
IELTS

  • PSE (2 Terms) 4.5
  • PSE (1 Term) 5
  • EAP (3 Terms) 5.5 no sub-score below 5.0
  • AAP (2 Terms) 6 With no sub-score below 5.5
  • AAP Advanced (2 Terms) 6.5 With at least one sub-score of 5.5 and no sub- score below 5.5
  • SE (1 Term) 6.5 no sub-score below 6

TOEFL

  • PSE (2 Terms) 50 – 59
  • PSE (1 Term) 60 – 67
  • EAP (3 Terms) 68 no sub-score below 14
  • AAP (2 Terms) 74 with all sub-scores above 15 and at least one sub-score below 20
  • AAP Advanced (2 Terms) 80 with at least one sub-score below 20 but above 17 (minimum subscore required).
  • SE (1 Term) 85 No sub-score below 20

Duolingo

  • PSE (2 Terms) 70
  • PSE (1 Term) 80
  • EAP (3 Terms) 90 No sub-score below 80 (subscores effective Fall 21)
  • AAP (2 Terms) 100 No sub-score below 90 (sub-scores effective Fall 21)
  • AAP Advanced (2 Terms) 110 No sub-score below 100 (sub-scores effective Fall 21)
  • SE (1 Term) NA

GCSE/IGCSE/GCE O-LEVEL

  • 5 College Preparatory subjects passed; Students must also meet the GCE A/AS Level requirement after completing IGCSEs
  • Undergraduate AAP 2 Terms C or 4
  • Undergraduate EAP 3 Terms C or 4
  • 5 College Preparatory subjects must be passed; Students must also meet the GCE A/AS Level requirement after completing IGCSEs
  • Undergraduate AAPA 2 Terms C or 4

English Requirements Certificate
IELTS

  • PSE (2 Terms) 4.5
  • PSE (1 Term) 5
  • EAP (3 Terms) 5.5 no sub-score below 5.0
  • AAP (2 Terms) 6 With no sub-score below 5.5
  • AAP Advanced (2 Terms) 6.5 With at least one sub-score of 5.5 and no sub- score below 5.5
  • SE (1 Term) 6.5 no sub-score below 6

TOEFL

  • PSE (2 Terms) 50 – 59
  • PSE (1 Term) 60 – 67
  • EAP (3 Terms) 68 no sub-score below 14
  • AAP (2 Terms) 74 with all sub-scores above 15 and at least one sub-score below 20
  • AAP Advanced (2 Terms) 80 with at least one sub-score below 20 but above 17 (minimum subscore required).
  • SE (1 Term) 85 No sub-score below 20

Duolingo

  • PSE (2 Terms) 70
  • PSE (1 Term) 80
  • EAP (3 Terms) 90 No sub-score below 80 (subscores effective Fall 21)
  • AAP (2 Terms) 100 No sub-score below 90 (sub-scores effective Fall 21)
  • AAP Advanced (2 Terms) 110 No sub-score below 100 (sub-scores effective Fall 21)
  • SE (1 Term) NA

Admission to the Program

  • Formal admission to the major requires a grade point average of 2.00 (on a 4.00 scale) and the approval of the department undergraduate advisor. Intended majors must also have a 2.5 GPA in ECON-100, ECON-150 or ECON-200, STAT-202, STAT-203, or STAT-204, and MATH-221 (or MATH-211 with approval).

University Requirements

  • 120 credit hours with minimum 2.00 cumulative GPA (Undergraduate Academic Regulation 2)
    Completion of all requirements for a major (Undergraduate Academic Regulation 9)

AU Core Requirements

  • Completion of AU Core foundation requirements (Undergraduate Academic Regulation 8.2-8.6)
  • Completion of AU Core Habits of Mind requirements (Undergraduate Academic Regulation 8.7)
  • Completion of AU Core integrative course requirements (Undergraduate Academic Regulation 8.8-8.11)
  • For additional information, see AU Core Curriculum.

Major Requirements

  • 47 credit hours with grades of C or better
  • No more than 6 credit hours may be fulfilled by economics courses from study abroad programs, except students attending the London School of Economics may fulfill a maximum of 12 credit hours
  • No more than 3 credit hours of independent reading and study courses or internships may be applied to the major
  • Only one internship experience may count toward the major, regardless of course level

Course Requirements

Required (19 credit hours)

  • ECON-100 Macroeconomics FA4 (3)
  • ECON-322 Applied Econometrics I (3)
  • ECON-400 Intermediate Microeconomics with Calculus (3)
  • ECON-401 Intermediate Macroeconomics with Calculus (3)
  • ECON-405 Introduction to Mathematical Economics (3)
  • MATH-221 Calculus I (4)
  • Microeconomics (3 credit hours)

Complete 3 credit hours from the following:                

Note: ECON-150 is intended for Kogod School of Business students.

  • ECON-150 Economics for Business (3)
  • ECON-200 Microeconomics FA4 (3)
  • Statistics (4 credit hours)

Complete 4 credit hours from the following:

  • STAT-202 Basic Statistics (4)
  • STAT-203 Basic Statistics with Calculus (4)
  • STAT-204 Introduction to Business Statistics (4)

Additional (3 credit hours)

Complete 3 credit hours from the following:

  • ACCT-240 Principles of Financial Accounting (3)
  • CSC-148 Introduction to Computer Science I (4)
  • MATH-222 Calculus II (4)
  • MATH-310 Linear Algebra (4)
  • MATH-313 Calculus III (4)
  • Capstone (3 credit hours)

Complete 3 credit hours from the following: 

  • ECON-478 Senior Policy Analysis Seminar (3)
  • ECON-480 Senior Research Seminar (3)
  • ECON-491 Senior Internship (3)
  • ECON-492 Senior Internship in Teaching (3)
  • Electives (15 credit hours)

Complete 15 credit hours from the following:

Note: Students may take no more than 6 credit hours from the following: ECON-361 Economic Development (3), ECON-362 Microeconomics of Economic Development (3), and ECON-363 Macroeconomics of Economic Development (3).

  • ECON-317 Political Economy (3)
  • ECON-318 Economic History (3)
  • ECON-319 United States Economic History (3)
  • ECON-320 History of Economic Ideas (3)
  • ECON-332 Money, Banking, and Finance in the Global Economy (3)
  • ECON-341 Public Economics (3)
  • ECON-345 Introduction to Game Theory (3)
  • ECON-346 Competition, Regulation, and Business Strategies (3)
  • ECON-351 Comparative Economic Systems (3)
  • ECON-359 Global Health and Economic Development (3)
  • ECON-361 Economic Development (3)
  • ECON-362 Microeconomics of Economic Development (3)
  • ECON-363 Macroeconomics of Economic Development (3)
  • ECON-371 International Economics: Trade (3)
  • ECON-372 International Economics: Finance (3)
  • ECON-373 Labor Economics (3)
  • ECON-374 Gender Roles in the Economy (3)
  • ECON-379 Economics of Environmental Policy (3)
  • ECON-390 Independent Reading Course in Economics (1-6)
  • ECON-394 Community Service-Learning Project (1)
  • ECON-396 Selected Topics: Non-Recurring (1-6)
  • ECON-424 Applied Econometrics II (3)
  • ECON-440 Communicating Economics (3)
  • ECON-450 Growing Artificial Societies (3)
  • ECON-458 Economics of the World Regions (3)
  • ECON-490 Independent Study Project in Economics (1-6)
  • ECON-496 Selected Topics: Non-Recurring (1-6)
  • Tuition 54,354 
  • Housing 21,250 
  • Dining 6,320 
  • Other 2,000 
  • Program Cost Per Semester Academic Accelerator 
  • Fall 2021 $27,177
  •  Spring 2022 $27,177 
  • Summer 2022 $26,421
  •  Academic Accelerator Program, Advanced (2 semesters) 
  • Fall 2021 N/A 
  • Spring 2022 $27,177 
  • Summer 2022 $26,421 
  • Housing Option Description Cost Per Semester Off Campus Two-Bedroom Apartment (Double Room)
  •  The Off Campus Two-Bedroom Apartment (Double Room) option, offers a shared bedroom with one other person in a fully furnished off-campus apartment. Each apartment has two bedrooms, so common areas such as the bathroom, dining room and kitchen are shared with three other roommates. 
  • Fall 2021 $10,034 
  • Spring 2022 $10,034 
  • Summer 2022 $6,562 
  • Off Campus One-Bedroom Apartment (Double Room) 
  • The Off Campus One-Bedroom Apartment (Double Room) option, offers a shared bedroom with one other person in a fully furnished off-campus apartment. Each apartment has one bedroom, so common areas such as the bathroom, dining room and kitchen are shared with just one roommate. 
  • Fall 2021 $10,611
  •  Spring 2022 $10,611 
  • Summer 2022 $6,939 
  • On Campus Double Room 
  • The On Campus Double Room option is a shared room with two twin beds and a shared, common hall bathroom, in one of American University's on campus residence halls. 
  • Fall 2021 $5,048 
  • Spring 2022 $5,048 
  • Summer 2022 $4,720

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