About Economics [ba] in Eastern Illinois University
The Bachelor of Arts in Economics prepares students to pursue career opportunities in business, government, and the non-profit sector. Students also receive an excellent foundation for success in law school, Master degree programs in business administration (MBA), and graduate study in economics and other related areas.
Learn
Economics is divided into two primary, interrelated sub-disciplines: Microeconomics and Macroeconomics. Microeconomics studies how people, businesses, and government agencies use the scarce resources available to them (such as time, money, land, etc.) to achieve their objectives (such as earning income, making a profit, etc.). This involves the allocation of those resources among their different uses. Businesses and people make microeconomic decisions as they produce, sell and buy, and use the goods and services that people want or need. Macroeconomics studies the processes that determine the overall size of the economy, the factors that cause the economy to grow or shrink over time, and related problems like unemployment and inflation.
Opportunities
Students are encouraged to become involved in the Economics Club, a student-run organization that meets regularly to organize applications outside the classroom. Promising students are invited to join the Fed Challenge team, a student-team competition that competes with teams from other universities in a mock Federal Open Market Committee meeting. Students also have the opportunity to become members of Omicron Delta Epsilon, the national economics honor society.
Academic qualification equivalents
- Applicants must have passed high school
English language requirements
- IELTS : 6.0
- TOEFL IBT: 75
- PTE : 53
Eastern Illinois University Highlights
| Type of institution |
Public |
| Establishment Year |
1895 |
| Location |
Charleston, Illinois |
| Campus setting |
Urban |
| Total enrollment |
7,415 |
| The student to faculty ratio |
14:1 |
| Calendar |
Semester pattern |
| Acceptance rate |
55% |
| Financial aid |
Scholarship, grants, and loans |
Eastern Illinois University Annual Cost to Attend
| Fee |
Cost |
| Illinois Resident Tuition |
$9,060 |
| Books and Supplies |
$150 |
| Other Fees |
$2,929 |
| Room and Board |
$10,030 |
| Budget for Other Expenses |
$2,484 |
| Total One Year Cost |
$24,653 |
| Fee |
Cost |
| Out of State Resident Tuition |
$11,340 |
| Books and Supplies |
$150 |
| Other Fees |
$2,929 |
| Room and Board |
$10,030 |
| Budget for Other Expenses |
$2,484 |
| Total One Year Cost |
$26,933 |
