Economics is the science of decision-making. The discipline includes the study of production, exchange, and consumption of material goods and services. It involves the study of local, state, national, and international institutions and the policies that these private/government organizations develop to achieve particular goals. It includes analysis of both national and international macro indicators and studies the flows of goods and services both inter- and intra-nationally. The application of economic concepts to formal decision-making at the individual, institutional, and societal level is embedded into the curriculum (principally through the field/elective courses). Finally, economics is a science, and as such, it possesses a statistical foundation from which economists are able to test hypotheses related to human behavior.
Economics majors at The University of Tampa may pursue either a B.S. degree or a B.A. degree from the College of Business. All majors are required to develop both macro and microeconomics skills through the intermediate level. Econometrics (economic statistics) and business calculus are integrated into the curriculum. The department offers electives available across both micro and macroeconomic topics.
Economics majors can specialize in many areas and have career opportunities both in government and the private sector. UT economics students have been accepted to law schools and graduate programs at numerous prestigious colleges and universities. Others have found positions with the U.S. Congress, U.S. Treasury Department, the Federal Reserve Bank, the Environmental Protection Agency, the World Bank, Citigroup, Bank of America, Smith Barney, and more.
What Will You Learn?
Students pursuing a degree in UT’s Department of Economics acquire knowledge of economic theories and systems and develop the analytical and decision-making skills critical for success. Options for the major in economics include a Bachelor of Science or Bachelor of Arts curriculum.
While both the B.S. and the B.A. degrees share the same core coursework in economics, the B.S. requires the entire business core curriculum. The business core courses provide students in the B.S. program with a modern integrated business curriculum that includes broad exposure to each of the functional areas of business (accounting, finance, information technology, management, and marketing) to accompany their solid foundation in economics. The B.A. program is designed for students who want broad exposure to economics without being required to take specialized courses in business.
Students may also major in international business and economics. This option couples a B.S. in Economics with the international business curriculum.
The minor in economics (18 credit hours) can complement a major in accounting, finance, international business, marketing, mathematics, psychology, and other areas.
Course offerings include:
- Intermediate Microeconomics
- Intermediate Macroeconomics
- Mathematical Economics
- Environmental Economics & Management
- Labor Economics
- Economics of Global Inequality and Poverty
- International Economic Development
- Public Finance and Public Choice
- International Economics and Finance
- Economics of Emerging Markets
Internationally Recognized Program
The Sykes College of Business is accredited at the undergraduate and graduate levels by AACSB International (the Association to Advance Collegiate Schools of Business), an honor held by only six percent of business schools worldwide. It is rated a top-85 graduate business school in the U.S. by Bloomberg Businessweek, and since 2007 has been named among the best business schools in the world by The Princeton Review.
More than 1,000 internships are available to UT students each year, providing ample opportunity for students to get a head start on their careers.
Plus, UT’s location in the heart of a major metropolitan area means internships are often located within walking distance of campus. Economics internships are arranged by a Sykes College of Business internship coordinator and are available to juniors and seniors with a cumulative GPA of 2.75 or higher.
All economics students take Introduction to Global Business, which includes participation in Global Village, a trading simulation that reinforces the interconnectedness of the world’s economies. Each student also completes a project or simulation in which concepts from all areas of business are used to either create a business plan or make business decisions.
Eight hundred of the region’s community leaders serve on UT advisory boards, providing students with a world of professional connections to explore.
Students also interact with the business community through consulting projects, field trips, guest speakers, international programs and UT’s Centers and Institutes, which include the Center for Ethics, TECO Energy Center for Leadership, Naimoli Institute for Business Strategy, Lowth Entrepreneurship Center and Florida Directors’ Institute.
What Can You Do With This Major?
Whether working in government, industry, research organizations or consulting firms, economists with a bachelor’s degree usually qualify for positions as research assistants, for marketing or finance positions or for various sales jobs. A master’s degree is usually required for more responsible research and administrative positions. A Ph.D. is necessary for top economist positions in most organizations.
Economics majors may pursue a variety of specializations, with career choices in both government and the private sector.
The government employs about half of all economists in a wide range of federal, state and local agencies. Jobs are available with the Federal Trade Commission, the Securities and Exchange Commission, Departments of Commerce and Labor and the Federal Reserve. In the private sector, positions can be found in banking and finance, forecasting and planning, and in the brokerage and insurance businesses.
UT economics majors have been accepted into graduate programs at George Mason University, The Wharton School, University of Florida, Vanderbilt University, Johns Hopkins University, Georgia State University, North Carolina State University, London School of Economics, University of Pennsylvania and New York University; and the law schools at Rutgers, Stetson University, George Washington University, and Harvard. Other graduates have found positions with the U.S. Congress, U.S. Treasury Department, Federal Reserve Bank, U.S. Environmental Protection Agency, Citigroup, Bank of America, Smith Barney and World Bank.
Other Success Stories
UT economics graduates have held the following positions:
- Operations Manager, Portfolio Recovery Associates
- Vice President, Citigroup
- Fixed Income Settlements, JPMorgan Chase
- Financial Analyst, Federal Reserve Board
- Legislative Assistant, U.S. Congress
- Assistant VP of Treasury Management, Regions Bank
- Finance Director, Axiom Worldwide
- Retirement Services Specialist, T. Rowe Price
- Acquisitions Analyst, Raymond James Tax Credit Funds
- CEO, AP Motion
- Mutual Fund Research Associate, Raymond James Financial
- Operations Analyst, Citigroup
Local Freshman Admissions
- Official high school or secondary school transcript or GED results
- $40 nonrefundable application fee
- SAT and/or ACT scores
- Completed guidance counselor recommendation form or recommendation letter from a teacher (not required if you graduated from high school more than two years ago)
- Official college/university transcripts for any credits completed
Undergraduate International Admissions
With students enrolled from over 100 countries, U.T. proudly considers students from around the globe for freshman or transfer admission. Proof of English proficiency is required. (This is waived for international students from the Commonwealth Caribbean, Bermuda, Canada, United Kingdom, Republic of Ireland, Australia and New Zealand.)
Students should apply through U.T.'s online application. In order to review a student’s application, the University must receive the following:
- Official transcripts for all secondary school or college coursework, with grades translated into English ("Official" means that you must request your school to send your transcript directly to the UT Office of Admissions. If that is impossible, send a copy that has been certified by your school as a "true copy" of the original after it is copied. An official at your school should sign the document as "true copy of the original.")
- $40 nonrefundable application fee
- Essay, written in English (not required if you already graduated from high school and have completed some college credits)
- Completed guidance counselor recommendation form (first-year students only)
- Proof of English proficiency (please submit one of the following):
- TOEFL: the minimum acceptable score is 550 or 213 (computer-based) or 79 (Internet-based)
- IELTS: International English Language Testing System – minimum grade of 6.5
- Successful completion of the English 112 certificate offered by ELS Language Centers accompanied by a letter of recommendation from an administrator and a 500-word English writing sample
- Proof of available funds to cover expenses for the first year of study
- Essay (first-year students only)
- Copy of biographical page of your passport (if available)
- International Student Clearance Form (if currently studying in the U.S.)
International students who meet admission requirements but need additional English language training prior to entering as a full-time degree student may enroll in one of the several E.S.L. programs.
International students also must furnish proof of available funds to cover their first year of study and each subsequent year. Exceptional new entering students with excellent academic achievement receive partial scholarships ($4,000-$7,000 per academic year) which covers only a small portion of the total costs. Students may work on campus up to 20 hours per week.
Upon admission to the University and satisfactory completion of the financial statement, an I-20 form will be sent to applicants from U.T.’s admissions office. Applicants must take the I-20 form, a copy of their acceptance letter and financial statement to the nearest U.S. embassy or consulate. After an interview, the embassy or consulate will decide if an F-1 student visa can be issued. To enter the United States, students need this visa in their passport and the I-20 form. Students may not enter the country on a tourist visa with the intention to study in the U.S.
The staff in the Office of International Programs assists students with pre-arrival information, orientation, and advice on academic, social, cultural and employment matters.
Note: For special circumstances, additional documentation may be required in all categories.
The deadlines for Bachelors are as follows:
- November 15 - Early Action I deadline; decision by December 15.
- January 15 - Early Action II deadline; decision by February 15.
- March 1 - Regular Decision deadline; decision by April 1.
- March 2 - Applications completed after March 1 are evaluated on a rolling basis.
Average cost for full-time undergraduate students
|Tuition (12-18 credit hours per semester):
|Student Government Fee (required):
|Student Service Fee (required):
|Student Health Fee (required):
|Room (double room):
|Board (average 15-meal/week plan):