100% Online
Complete your Penn State course work at your own pace and 100% online.
Application deadline
Credits and costs
Nationally Recognized
Gain Economics Skills to Analyze and Solve Problems
Use economic theory to understand market trends and predict how they will impact your business.
Determine pricing policies for products to maximize your organization’s profits.
Evaluate the impact of the economic environment on the bottom line of an organization.
Collect and analyze data using spreadsheets, statistical software, and computer programs to understand preferences and design incentives.
Online Economics Courses
Online Economics Courses
This economics program’s courses are designed to teach you to think critically and analytically so you can make or recommend decisions, allocate resources, and solve complex issues.
Economics is the social science that aims to understand human behavior not only by using psychology or sociology, but also by studying society through mathematics and statistics. A degree in economics can provide you with the knowledge necessary to view and describe society and organizations from an analytical perspective.
This economics degree can provide you with knowledge about mathematical models and statistical techniques and an understanding about how incentives affect human behavior, markets, and economies, so you can design solutions that utilize resources effectively and lead to the most optimal outcomes.
Entrance-to-Major Requirements
To change your major to economics, you must earn a C or better in the following courses:
- ECON 102
- ECON 104
The Bachelor of Science in Economics requires you to complete a minimum of 120 credits.
If you are a transfer student, the number of credits you must take will vary according to the courses that transfer into the economics program. Once you are admitted to the program, your assigned academic adviser can help you select the remaining required courses.
A student enrolled in this major must receive a grade of C or better in all courses required for the major.
Prescribed Courses (18 credits)
- 3credits
Methods of economic analysis and their use; price determination; theory of the firm; distribution.
- C or better
A student enrolled in this course must receive a grade of C or better.
- 3credits
National income measurement; aggregate economic models; money and income; policy problems.
- C or better
A student enrolled in this course must receive a grade of C or better.
- 3credits
Basic statistical concepts used in economics. Topics include probability distributions, expectations, estimation, hypothesis testing, correlation, and simple regression. Students who have completed ECON 306 may not schedule this course.
- C or better
A student enrolled in this course must receive a grade of C or better.
- 3credits
Allocation of resources and distribution of income within various market structures, with emphasis on analytical tools.
- Prerequisite
ECON 102
- C or better
A student enrolled in this course must receive a grade of C or better.
- 3credits
Analysis of forces that determine the level of aggregate economic activity.
- Prerequisite
ECON 104
- C or better
A student enrolled in this course must receive a grade of C or better.
- 3credits
The implementation of statistical techniques to analyze data and address economic questions. Econometric results are produced and assessed.
- Prerequisite
ECON 106
- C or better
A student enrolled in this course must receive a grade of C or better.
Additional Courses (select 7–8 credits)
- 3credits
Fundamentals of computational thinking, including reasoning about problems at multiple levels of abstraction, and analyzing code for its behavior, efficiency, and correctness.
- Prerequisite
2 entrance units in mathematics
- or:4credits
Design, use, and programming of spreadsheets and data bases with applications from a range of disciplines.
- Note
not currently offered online through World Campus.
- 4credits
Introduces and develops the mathematical skills required for analyzing change, and the underlying mathematical behaviors that model real-life economics and financial applications. Develops student knowledge of calculus techniques, and how to use a calculus framework to develop critical thinking and problem-solving skills.
- Prerequisite
MATH 022 or satisfactory performance on the mathematics placement examination
- or:4credits
Introduces and develops the mathematical skills required for analyzing change and creating mathematical models that replicate real-life phenomena. Develops student knowledge of calculus techniques and how to use the calculus environment to develop critical thinking and problem-solving skills.
- Prerequisite
MATH 22 and MATH 26 or MATH 26 and satisfactory performance on the mathematics placement examination or MATH 40 or MATH 41 or satisfactory performance on the mathematics placement examination.
Supporting Courses and Related Areas (select 30 credits)
- Select 18 credits in economics 300- or 400-level with department approval, including at least 9 credits at the 400 level
- Select 3 credits in Social and Behavioral Sciences
- Select 6 credits in Arts, Humanities, Social and Behavioral Sciences
- Select 3 credits in Quantification
Courses should be selected from the department Supporting Courses list.
Additional 400-level courses are being developed. Please check with your adviser about their availability.
- 3credits
Economic analysis of employment, earnings, and the labor market; labor relations; related government policies.
- Prerequisite
ECON 102
- 3credits
Why nations trade, barriers to trade, balance of payments adjustment and exchange rate determination, eurocurrency markets, and trade-related institutions.
- Prerequisite
ECON 102, ECON 104 or ECON 014
- 3credits
Money, credit, commercial and central banking, financial intermediaries, treasury operations, monetary theory and policy, and foreign exchange. Students who have already taken ECON 451 may not schedule this course.
- Prerequisite
ECON 102 or ECON 104
- 3credits
Development and application of the tools for decision making under uncertainty and for game theoretic analysis of economic problems.
- Prerequisite
ECON 302 and ECON 106 or SCM 200 or STAT 200
- 3credits
Analytic and policy aspects of public expenditure decisions; applications from areas of contemporary public interest.
- Prerequisite
ECON 302 or ECON 323
- 3credits
Environmental pollution, the market economy, and optimal resource allocation; alternative control procedures; levels of environmental protection and public policy.
- Prerequisite
ECON 302 or ECON 323
- 3credits
Causes/consequences of trade; effects of tariffs and quotas; strategic trade policy; political economy of trade restrictions and other topics.
- Prerequisite
ECON 302 or ECON 333
- 3credits
Trade balance movements, exchange rate determination; monetary and fiscal policies in open economies; international policy coordination; the world monetary system.
- Prerequisite
ECON 304 or ECON 333
- 3credits
Problems of capital formation, institutional considerations, theories of economic growth.
- Prerequisite
ECON 302 or ECON 304 or ECON 372
General Education Requirements
Some General Education requirements may be satisfied by courses required for the major. Students should work with an adviser to select courses.
- Foundations: 15 credits
All courses require a grade of C or better. Inter-Domain courses may not be used for foundations requirements.- Writing/Speaking: 9 credits
- Quantification: 6 credits
3-6 credits are selected from mathematics, applied mathematics, and statistics; 3 credits may be selected from computer science or symbolic logic.
- Knowledge Domains: 15 credits
Inter-Domain courses may not be used for knowledge domain requirements.- Health and Wellness (GHW): 3 credits
- Natural Sciences (GN): 3 credits
- Arts (GA): 3 credits
- Humanities (GH): 3 credits
- Social and Behavioral Sciences (GS): 3 credits
- Integrative Studies: 6 credits
- Inter-Domain course work: 6 credits
- Exploration: 9 credits
- Natural Sciences (GN) (may be Inter-Domain): 3 credits
- GA, GH, GN, GS, and Inter-Domain courses: 6 credits
May include 3 credits of World Language course work beyond the requirements of the student’s degree program or at the 12th credit level, whichever is higher.
These General Education Requirements are for students who started in summer 2023 or later. Students who started earlier can review the prior version of the general education requirements.
Course Availability
If you're ready to see when your courses will be offered, visit our public LionPATH course search (opens in new window) to start planning ahead.
Start or Advance Your Career
Start or Advance Your Career
You can use the knowledge gained from this program and the support of Penn State career resources to pursue careers or graduate studies in a variety of fields, depending on your goals.
Job Titles Related to This Degree
Reducing costs, increasing sustainability, and performing effectively are all issues facing today’s businesses and organizations. Because of this, there is an increasing need for professionals with strong analytical and problem-solving skills who can help make their organizations more efficient.
The following roles are often held by people with this type of degree:
- Economic Analyst
- Market Analyst
- Research Analyst
Employment Outlook for Occupational Fields Related to This Degree
Estimates of employment growth and total employment are provided by the U.S. Bureau of Labor Statistics and are subject to change. While these occupations are often pursued by graduates with this degree, individual outcomes may vary depending on a variety of factors. Penn State World Campus cannot guarantee employment in a given occupation.
Market Research Analysts and Marketing Specialists
Economists
Career Services to Set You Up for Success
From the day you're accepted as a student, you can access resources and tools provided by Penn State World Campus Career Services to further your career. These resources are beneficial whether you're searching for a job or advancing in an established career.
- Opportunities to connect with employers
- Career counselor/coach support
- Occupation and salary information
- Internships
- Graduate school resources
Upcoming Events
Ready to Learn More?
Get the resources you need to make informed decisions about your education. Request information on this program and other programs of interest by completing this form.
Ready to take the next step toward your Penn State bachelor's degree?
Costs and Financial Aid
Costs and Financial Aid
Learn about this program's tuition, fees, scholarship opportunities, grants, payment options, and military benefits.
Costs and Financial Aid
Undergraduate Tuition
Undergraduate tuition is calculated based on the number of credits for which you register and the number of total credits you have accrued at or transferred to Penn State.
Tuition is due shortly after each semester begins and rates are assessed every semester of enrollment.
| How many credits do you plan to take per semester? | If you have 59 or fewer credits | If you have 60 or more credits |
|---|---|---|
| 11 or fewer | $626 per credit | $671 per credit |
| 12–19 | $7,602 per semester | $8,206 per semester |
Undergraduate students taking more than 19 credits will be charged the flat tuition rate plus the regular per credit hour rate for each credit above 19.
| How many credits do you plan to take per semester? | If you have 59 or fewer credits | If you have 60 or more credits |
|---|---|---|
| 11 or fewer | $632 per credit | $678 per credit |
| 12–19 | $7,678 per semester | $8,288 per semester |
Undergraduate students taking more than 19 credits will be charged the flat tuition rate plus the regular per credit hour rate for each credit above 19.
Financial Aid and Military Benefits
Some students may qualify for financial aid. Take the time to research financial aid, scholarships, and payment options as you prepare to apply. Military service members, veterans, and their spouses or dependents should explore these potential military education benefits and financial aid opportunities, as well.
To view the detailed list of cost of attendance elements, select “World Campus” as the location on the tuition site.
A Degree to Meet Your Needs: B.S. or B.A.
A Degree to Meet Your Needs: B.S. or B.A.
We offer both a Bachelor of Science and a Bachelor of Arts in Economics. Both degrees have the same required core curriculum focused on helping you understand complex economic systems and make informed decisions about real-world challenges.
Choose the degree that best fits your career goals by deciding if you want to focus on additional mathematical theory or foreign languages and international relations.
- The Bachelor of Science in Economics program requires additional math and computer science courses to help you develop a deeper focus on mathematical models, allowing you to develop solid analytical skills, especially in mathematics theory, statistics, research, and computer programming.
- The Bachelor of Arts in Economics program requires additional courses in a foreign language, which will prepare you to create an economic focus aimed at social behavior, culture, and international relations in preparation for work with national or global organizations.
Who Should Apply?
Ideal candidates for this program have a strong analytical or programming background and are accustomed to using numerical data to describe and understand many situations. This degree places a strong emphasis on mathematics, statistics, and programming; the most successful candidates will be those who are passionate about quantitative analysis.
Set Your Own Pace
Set Your Own Pace
Whether you are looking to finish your program as quickly as possible or balance your studies with your busy life, Penn State World Campus can help you achieve your education goals. Many students take one or two courses per semester.
Our online courses typically follow a 12- to 15-week semester cycle, and there are three semesters per year (spring, summer, and fall). If you plan to take a heavy course load, you should expect your course work to be your primary focus and discuss your schedule with your academic adviser.
To Finish Your Degree in Two to Three Years
Take 6 courses each semester
To Finish Your Degree in Three to Four Years
Take 4–5 courses each semester
To Finish Your Degree in Five or More Years
Take 2–3 courses each semester
Convenient Online Format
This program's convenient online format gives you the flexibility you need to study around your busy schedule. You can skip the lengthy commute without sacrificing the quality of your education and prepare yourself for more rewarding career opportunities without leaving your home.
A Trusted Leader in Online Education
Penn State has a history of more than 100 years of distance education, and World Campus has been a leader in online learning for more than two decades. Our online learning environment offers the same quality education that our students experience on campus.
How to Apply to Penn State
How to Apply to Penn State
Apply by June 30 to start August 26
Application Instructions
Deadlines and Important Dates
Complete your application and submit all required materials by the appropriate deadline. Your deadline will depend on the semester you plan to start your courses.
Fall Deadline
Apply by June 30 to start August 26Spring Deadline
Apply by October 31 to start January 13Summer Deadline
Apply by March 15, 2025, to start May 19, 2025
New students are encouraged to complete the FAFSA by March 1. Please visit the Office of Student Aid website for more information about applying for financial aid and recommended deadlines.
Steps to Apply
To apply for this program, you must be a high school graduate, or have completed your GED.
This degree program includes Entrance-to-Major requirements (ETMs). After you are admitted to Penn State, you’ll complete them during your first few semesters to officially become an economics major. If you satisfy these requirements with transfer credits, you’ll be admitted directly into the major.
You will need the following items to complete your application:
High school transcripts or GED transcript — First-year applicants are required to submit Self-Reported Academic Records (SRAR) when applying. Official high school transcripts for first-year applicants will only be required at the time a student accepts an offer of admission to Penn State.
Transfer international students will need to submit their high school transcript before their application can be reviewed.
Official college or university transcripts and/or official military transcripts (if applicable) — All college or university transcripts are required regardless of the length of time that has passed, the grades earned, or the accreditation of the institutions attended. Acceptance of transfer credit toward your degree is subject to final approval by the academic department. For detailed information, see the Transfer Students page.
Transcripts not in English must be accompanied by a certified translation.
English Proficiency — The language of instruction at Penn State is English. With some exceptions, international applicants must take and submit scores for the Test of English as a Foreign Language (TOEFL) or International English Language Testing System (IELTS). Minimum test scores and exceptions are found in the English Language Proficiency section on the Undergraduate Admissions International Requirements page. Visit the TOEFL website for testing information. Penn State's institutional code is 2660.
To begin the online application, you will need a Penn State account.
Create a New Penn State Account
If you have any problems during this process, contact an admissions counselor at [email protected].
Please note: Former Penn State students may not need to complete the admissions application or create a new Penn State account. Please visit our Returning Students page for instructions.
Accessing MyPennState
The MyPennState Portal provides access to our online admissions services. Before accessing MyPennState, you must have a Penn State account that will be used to access all Penn State systems. After creating an account, you will receive a unique Penn State User ID. You will need to enter your User ID followed by @psu.edu when signing in to MyPennState and other Penn State sites. For example, you should be entering something like '[email protected]' in the Sign In field.
The application consists of six sections:
- Application Setup
- Program of Study
- Citizenship and Residency
- Academics and Experience
- Miscellaneous
- Review and Submit
Application Setup
Be sure to select "Online" for the "How would you like to complete your degree" question if you plan to attend Penn State World Campus.
The rest of this section will ask some basic questions about your education experience and military affiliation.
Program of Study
You will choose the degree type and then the starting semester.
Your starting campus will be selected as Penn State World Campus by default as long as you picked "Online" in your Application Setup. Click Continue.
On the Choose a Program page, select your intended major from the list.
Review your selection on the summary screen and click Continue to move on to the Citizenship and Residency section.
Citizenship and Residency
Complete the series of questions about your citizenship status, demographic information, Pennsylvania residency status, and family history.
Academics and Experience
You will need to enter academic experience information about your high school and any attempted courses at a college or university after high school.
The Education Gap Statement offers a place to explain any time that has elapsed between your high school graduation and your anticipated enrollment at Penn State. Please provide a summary of why that gap occurred. Some examples that would explain a gap in your education include work, family, attending another college or university, etc.
Miscellaneous
In the Miscellaneous section, you will provide any program-specific requirements (e.g., a personal statement), information about activities, and financial aid information.
Review and Submit
Review your information, digitally sign your application, and provide payment for the application fee ($65 domestic or $75 international).
High School Transcripts and Academic Record
After your application is completed, you will also need to self-report your high school course work before the application deadline. You will be directed to fill out the Self-Reported Academic Record (SRAR). It is helpful to have a high school transcript available when completing this section. In the third section, you'll select your program of study and campus.
Official high school transcripts or GED transcript, along with records from high school, are required, regardless of the length of time that has passed.
Include any college/university transcripts (required), military transcripts, and Proof of English Language proficiency (if applicable). SAT/ACT scores are not required if you are identified as an adult learner or transfer student.
All official documents should be sent to:
Undergraduate Admissions Office
The Pennsylvania State University
201 Shields Building
University Park, PA 16802You can also have your transcripts sent electronically through Parchment, eScript-Safe, or the National Clearinghouse directly to Penn State from the college/university where course work was attempted.
Acceptance
After receiving your application, application fee, and all required materials, your application will be evaluated for admission. You can check your application status online. This will provide the most up‐to‐date information about the status of your application and is updated once daily, before 8:00 a.m. (ET). Once a decision has been made regarding your application, it will be available to you through the MyPennState portal.
For information on when you can expect an admissions decision, visit the Dates and Deadlines page of the Undergraduate Admissions website. Make sure you click the "+" sign to see these dates for World Campus Applicants (First-Year and Transfer).
5. Complete the application.
Admissions Help
If you have questions about the admissions process, contact an admissions counselor at [email protected].
Contact Us
Contact Us
Have questions or want more information? We're happy to talk.
To learn more about the Bachelor of Science in Economics, please contact:
World Campus Admissions Counselors
Phone: 814-863-5386
[email protected]
Learn from the Best
Learn from the Best
This program will give you the opportunity to study with highly regarded faculty from Penn State's College of the Liberal Arts, one of the premier institutions in the world to study and work in the liberal arts disciplines.
Faculty
Austin Boyle
- DegreePh.D., Economics, Florida State University
- DegreeB.A., Florida Atlantic University
Dr. Austin Boyle is an assistant teaching professor of economics whose areas of interest and research include teaching and learning, housing markets, and walkability.
David Brown
- DegreePh.D., Economics, Kansas State University
- DegreeB.A., Economics; B.A., Computer Science, Hastings College
Dr. David Brown serves as the director of the Undergraduate Studies program in the Department of Economics.
Jaime Brown
- DegreeM.A., Economics, Kansas State University
- DegreeB.A., Economics, Hastings College
Jaime Brown has taught Introductory Microeconomics, Introductory Macroeconomics, Labor Economics, and International Economics. She is especially interested in helping students see how economics connects to current events and other "hot topic" issues (immigration, gender wage gap, etc.).
Katherine S. Coll
- DegreeM.A., Economics, University of Delaware
- DegreeB.A., Economics and Mathematics, Salisbury University
Katherine S. Coll is an assistant teaching professor of economics. She teaches a variety of economics courses, including principles and intermediate microeconomics, macroeconomics, international trade, development, and labor economics. Her research interests focus on health care economics, with a special interest in the pharmaceutical industry. In 2017, she received the Filippelli Institute Award for Excellence in Online Teaching.
William Goffe
- DegreePh.D., Economics, University of North Carolina at Chapel Hill
- DegreeB.A., Math and Economics, University of Virginia
Dr. William Goffe is an associate teaching professor of economics whose interests include pedagogy and computational economics.
Paul Kagundu
- DegreePh.D., Economics, Georgia State University
- DegreeM.S., Economics, University of North Texas
- DegreeB.S., Economics, Makerere University, Kampala, Uganda
Dr. Paul Kagundu is associate director of the Undergraduate Studies program in the Department of Economics and a teaching professor of economics. His interests include development economics, public finance, and economics pedagogy.
Pitchayaporn "Peach" Tantihkarnchana
- DegreePh.D., Economics, Washington State University
- DegreeM.S., Economics, Washington State University
- DegreeB.A., Economics, Chulalongkorn University, Bangkok, Thailand
Dr. Pitchayaporn "Peach" Tantihkarnchana is an assistant teaching professor of economics. Her areas of interest and research include environmental law, environmental and natural resources, and land development.
News
