Program Details
Program Details
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Bachelor of Arts
Randolph-Macon College
Program Details
Economics (BA)
Bachelor of ArtsEconomics (BA)
Randolph-Macon College
Economics is the study of scarcity, choice, and tradeoffs. Scarcity exists because productive resources are limited but human wants are unlimited. As a result, all societies, households, and firms must make choices and these choices inevitably involve tradeoffs. The major in economics develops the essential skills for understanding economic problems in many contexts. It prepares students for careers in all business environments and provides an excellent foundation for graduate studies in economics, business, public policy, and law. All courses in the major and minor must be completed with a grade of C- or better.
Program Overview & Guidance
Delivery Mode
In-Person
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Delivery Mode
Online
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Delivery Mode
Hybrid
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| Program Guidance Element | What You Need to Know |
|---|---|
| Considerations for Selecting Degree | The major in economics develops the essential skills for understanding economic problems in many contexts. It prepares students for careers in all business environments and provides an excellent foundation for graduate studies in economics, business, public policy, and law. Omicron Delta Epsilon (International Honor Society in Economics) Please note: Students enrolled at Randolph-Macon College attend classes primarily Monday-Friday between 8 am - 5 pm with very few evening courses. The large majority of RMC coursework is offered in-person and on campus. A very limited selection of online courses is offered in summer sessions. No more than one half of the courses on a major or minor can be transferred; at least one-half of the semester hours of the major or minor must be taken at Randolph-Macon. |
| Considerations When Selecting Courses |
Business, Accounting, Mathematics, Computer Science, Cybersecurity, Engineering
|
| Program Requirements Beyond Specific Courses | Internships are our most important experiential learning opportunities. Students have the opportunity to learn about being in the workplace and they learn a great deal about themselves. Students have an opportunity to realize that some of the things they learn in the classroom actually do prepare them for the working world. One of the best results is that they gain confidence that they belong, i.e., that they can make valuable contributions to an organization. Research opportunities provide excellent experiences for students. Again, they gain the confidence that they can apply the tools they acquire in other classes to studying interesting problems. In addition to research classes, students conduct research projects in the context of several 'regular' courses. In ECON 312: Econometrics, students conduct semester-long group statistical research projects. In ECON 440: Contemporary Issues students explore economic principals across different current platforms. |
| Doing More With Your Degree | While in the program, students have opportunities to conduct research in collaboration with a faculty member. Some examples of previous studies are: Hannah Mercer (2019), Senior Project in Economics, 'The Neglected Gender Dimension of Brain Drain,' supervised by Prof. Steve Lang, Tyler Dunn (2022), individual research course on 'Competitive Balance in Pro Sports During the COVID Seasons,' supervised by Prof. Steve Lang, Melissa Pritchard (2019), SURF project, 'The Quantitative Relationship between Maternal Education and Child Nutrition in Pakistan,' supervised by Prof. Melanie Fennell, Luna Tran (2017), SURF project, 'The Acceptance of the Vulnerable: Explaining the Employment Situation and Poverty of People with Disabilities in Cambodia,' supervised by Prof. Melanie Fennell Students also have the opportunity to travel through courses such as: ECON 383: Britain in the International Economy Graduates from our program are employed with companies such as: Melissa Pritchard (2020) is working as an analyst with Virginia Economic Development Partnership in Richmond, Chance Robinson (2018) is working for the International Economic Development Council as an Economic Development Associate, Tyler Dunn (2021) is an Associate Wealth Management Advisor for PB Mares Wealth Management LLC in Richmond, Kendall Benner (2022) is a Financial Planning Associate at Concentric Wealth Partners in Richmond, and Bre Lockhart (2020) is a Senior Sales Development Representative at ChannelAdvisor in Raleigh, NC. Other graduates have continued their studies in programs such as: Mary Cate Mosher (2021) participated in a Postgraduate Certificate Program in Art Crime and Cultural Heritage Protection in Italy during the summer of 2022. This program was sponsored by the Association for Research into Crimes against Art (ARCA). Tyler Dunn (2021) received a MBA from The Citadel in 2022. Bridget Maas (2020) is a third year law student at University of Richmond. Trang Tran (2015) completed a PhD in Economics at Deakin University in Australia in 2020. |
| Program Successes & Highlights |
Program Credit Requirements
Credit and Course Requirements for the Program are expected in a future release. Please look above to see if a Transfer Guide is available for this program. If you are a current Virginia Community College student or are planning to start at a Virginia Community College before transferring to this institution and program, please follow the Transfer Guide to plan your courses at the community college.
If you wish to see how your credits may apply, you can:
If you wish to see how your credits may apply, you can:
- Contact the institution where a staff member can help you map your credits to the requirements for this program.
- View the program requirements listed in the institution's catalog.
Applicable Admissions Agreements
The table below lists admissions agreements between Randolph-Macon College and partner institutions that may guarantee admission to this program if you meet the required criteria. Click on the title name of the agreement to view a summary of those criteria.
You can view the full text of these Agreements in the Resource Center
What If I Have An Associate Degree Or Credit For Prior Learning?
| Transfer Guidance Element | What You Need to Know |
|---|---|
| Associate Transfer Degree Completion | Students admitted under our guaranteed admissions agreement are guaranteed completion of most general education requirements. Students may need to complete additional foreign language coursework to complete the Effective Communication requirements and must complete the college's Cross-Area Requirements, most of which can be fulfilled through major programs and should not significantly increase the time to completion of degree.
|
Completion of Associate Degree Concurrent with High School |
| Credit for Prior Learning | We accept AP (4 or 5 on the exam) and IB (5, 6, or 7 on higher level exams). |
| Did You Know That... |
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College Level Information
Transfer Center
Transfer Admissions : Randolph-Macon College (rmc.edu)
Visit our transfer site for more information
Number of Transfer Students
120
Percent of Accepted Transfer Students
71
| College Fit Guidance | What You Need to Know |
|---|---|
| Is This College Right For Me? | At Randolph-Macon, we recognize the breadth of knowledge and experience you bring as a transfer student. Our personalized, hands-on approach to learning lets you build on that foundation, honing the skills you'll need to excel. No matter what your future goals, we'll set you on a path to success that’s uniquely yours. |
| Transfer Student Catalog Year | Catalog year determined by first semester of attendance at RMC. |
| First Year Student Catalog Year | Catalog year determined by first semester of attendance |
| Applying for Guaranteed Admissions | GAA students must complete the RMC transfer application and submit all required materials by June 1 (for fall term) or December 1 (for spring term). GAA students will submit an Intent to Transfer form through their current community college contact to RMC. |
Where Can This Degree Transfer
This section displays degrees most closely related to this program
and to which you may be able to transfer. So, you can use this list to find the
next degree you can complete in your major. Please click the degree name to
visit that program page.
| Institution | Title | Degree | Award Name | Award Level | Delivery Mode |
|---|---|---|---|---|---|
| The University of Virginia's College at Wise | Bachelor of Arts in Business Administration and Management, Major in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| The University of Virginia's College at Wise | Bachelor of Science in Business Administration and Management, Major in Economics | Bachelor | Bachelor of Science | 4-Year | In-Person |
| Emory & Henry University | Economics (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Emory & Henry University | Applied History Social Sciences (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Emory & Henry University | History (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Emory & Henry University | Interdisciplinary History and Integrative Social Sciences Teacher Preparation (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Emory & Henry University | Interdisciplinary History and Social Sciences Teacher Preparation (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Emory & Henry University | Interdisciplinary Mathematics & Teacher Preparation (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Eastern Mennonite University | Bachelor of Arts Global Development | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Roanoke College | Bachelor of Science in Economics-Finance | Bachelor | Bachelor of Science | 4-Year | In-Person |
| J Sargeant Reynolds Community College | Associate of Science in Social Sciences | Associate | Associate of Science | 2-Year | In-Person, Online, Hybrid |
| Northern Virginia Community College | Social Sciences, A.S. | Associate | Associate of Science | 2-Year | In-Person, Hybrid |
| Virginia Peninsula Community College | Associate of Science in Social Science | Associate | Associate of Science | 2-Year | In-Person, Online |
| Tidewater Community College | Associate of Science - Social Sciences | Associate | Associate of Science | 2-Year | Online |
| Virginia Western Community College | Associate of Science Degree in Social Sciences | Associate | Associate of Science | 2-Year | In-Person, Online, Hybrid |
| Wytheville Community College | Associate of Science Degree Social Science | Associate | Associate of Science | 2-Year | In-Person, Online, Hybrid |
| Emory & Henry University | Political Science: Law and Politics (BA) | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Eastern Mennonite University | Bachelor of Arts Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Hollins University | BA in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Mountain Gateway Community College | Associate of Science Degree in General Studies | Associate | Associate of Science | 2-Year | In-Person, Online |
| Eastern Shore Community College | Associate of Science Degree in General Studies | Associate | Associate in Science | 2-Year | In-Person, Online, Hybrid |
| Germanna Community College | Associate of Arts & Sciences Degree in Liberal Arts | Associate | Associate of Arts and Sciences | 2-Year | In-Person, Hybrid, Online |
| Germanna Community College | Associate of Arts & Sciences Degree in General Studies | Associate | Associate of Arts and Sciences | 2-Year | In-Person, Hybrid, Online |
| J Sargeant Reynolds Community College | Associate of Arts in Liberal Arts | Associate | Associate of Arts | 2-Year | In-Person, Online, Hybrid |
| J Sargeant Reynolds Community College | Associate of Science in General Studies | Associate | Associate of Science | 2-Year | In-Person, Online, Hybrid |
| J Sargeant Reynolds Community College | Associate of Arts in Liberal Arts - American Sign Language/Deaf Studies Major | Associate | Associate of Arts | 2-Year | In-Person, Online, Hybrid |
| Brightpoint Community College | Associate of Arts Degree in Liberal Arts | Associate | Associate of Arts | 2-Year | In-Person, Online, Hybrid |
| Brightpoint Community College | Associate of Science Degree in General Studies | Associate | Associate of Science | 2-Year | In-Person, Online, Hybrid |
| Laurel Ridge Community College | Associate of Art degree in Liberal Arts | Associate | Associate of Art | 2-Year | In-Person, Online, Hybrid |
| Laurel Ridge Community College | Associate of Science Degree in General Studies | Associate | Associate of Science | 2-Year | In-Person, Online, Hybrid |
| Northern Virginia Community College | General Studies, A.S. | Associate | Associate of Science | 2-Year | In-Person, Online |
| Northern Virginia Community College | Liberal Arts, A.A. | Associate | Associate of Arts | 2-Year | In-Person, Online |
| Rappahannock Community College | AA&S Degree in Arts and Sciences | Associate | Associate of Arts and Sciences | 2-Year | In-Person, Hybrid |
| Wytheville Community College | Associate of Arts & Sciences Degree in General Studies | Associate | Associate of Arts & Science | 2-Year | In-Person, Online, Hybrid |
| Southside Virginia Community College | Associate of Arts and Sciences with a major in General Studies | Associate | Associate of Arts and Sciences | 2-Year | In-Person, Hybrid, Online |
| Virginia Peninsula Community College | Associate of Arts in Liberal Arts | Associate | Associate of Arts | 2-Year | In-Person, Online |
| Tidewater Community College | Associate of Arts - Liberal Arts | Associate | Associate of Arts | 2-Year | Online |
| Tidewater Community College | Associate of Science - General Studies | Associate | Associate of Science | 2-Year | Online |
| Virginia Western Community College | Associate of Arts Degree in Liberal Arts | Associate | Associate of Arts | 2-Year | In-Person, Online, Hybrid |
| Virginia Western Community College | Associate of Science Degree in General Studies | Associate | Associate of Science | 2-Year | In-Person, Hybrid |
| Sweet Briar College | Bachelor of Arts in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Christopher Newport University | Bachelor of Arts in Economics, Major in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Christopher Newport University | Bachelor of Arts in Economics, Major in Economics, Concentration in Mathematical Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| James Madison University | Bachelor of Science, Major in Economics | Bachelor | Bachelor of Science | 4-Year | In-Person |
| James Madison University | Bachelor of Arts, Major in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Longwood University | Economics BS | Bachelor | Bachelor of Science | 4-Year | In-Person |
| Richard Bland College | Associate of Science | Associate | Associate of Science | 2-Year | Online, In-Person |
| Roanoke College | Bachelor of Arts in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Radford University | BBA in Economics | Bachelor | Bachelor of Business Administration | 4-Year | In-Person |
| University of Lynchburg | BA in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| George Mason University | Economics, BA | Bachelor | Bachelor of Arts | 4-Year | In-Person, Online |
| George Mason University | Economics, BS | Bachelor | Bachelor of Science | 4-Year | In-Person, Online |
| William & Mary | Economics - Bachelor of Arts | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| University of Mary Washington | BS in Economics: Applied Econ. | Bachelor | Bachelor of Science | 4-Year | In-Person |
| University of Mary Washington | BS in Economics | Bachelor | Bachelor of Science | 4-Year | In-Person |
| Marymount University | Economics (BS) | Bachelor | Bachelor of Science | 4-Year | In-Person |
| Bridgewater College | Economics Major - BA | Bachelor | Bachelor of Arts | 4-Year | In-Person |
| Randolph College | Bachelor of Arts in Economics | Bachelor | Bachelor of Arts | 4-Year | In-Person |
Careers Where This Degree Applies
| O*Net Code | Name | Description | Parent |
|---|---|---|---|
| 11-9199.11 | Brownfield Redevelopment Specialists and Site Managers | Plan and direct cleanup and redevelopment of contaminated properties for reuse. Does not include properties sufficiently contaminated to qualify as Superfund sites. | Management Occupations |
| 11-9199.02 | Compliance Managers | Plan, direct, or coordinate activities of an organization to ensure compliance with ethical or regulatory standards. | Management Occupations |
| 25-1063.00 | Economics Teachers, Postsecondary | Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research. | Educational Instruction and Library Occupations |
| 19-3011.00 | Economists | Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods. | Life, Physical, and Social Science Occupations |
| 19-3011.01 | Environmental Economists | Conduct economic analysis related to environmental protection and use of the natural environment, such as water, air, land, and renewable energy resources. Evaluate and quantify benefits, costs, incentives, and impacts of alternative options using economic principles and statistical techniques. | Life, Physical, and Social Science Occupations |
| 11-9199.08 | Loss Prevention Managers | Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures. | Management Occupations |
| 11-9199.00 | Managers, All Other | All managers not listed separately. | Management Occupations |
| 11-9199.01 | Regulatory Affairs Managers | Plan, direct, or coordinate production activities of an organization to ensure compliance with regulations and standard operating procedures. | Management Occupations |
| 11-9199.10 | Wind Energy Development Managers | Lead or manage the development and evaluation of potential wind energy business opportunities, including environmental studies, permitting, and proposals. May also manage construction of projects. | Management Occupations |
| 11-9199.09 | Wind Energy Operations Managers | Manage wind field operations, including personnel, maintenance activities, financial activities, and planning. | Management Occupations |
| 19-4061.00 | Social Science Research Assistants | Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management. | Life, Physical, and Social Science Occupations |
| 19-3022.00 | Survey Researchers | Plan, develop, or conduct surveys. May analyze and interpret the meaning of survey data, determine survey objectives, or suggest or test question wording. Includes social scientists who primarily design questionnaires or supervise survey teams. | Life, Physical, and Social Science Occupations |
| 25-2031.00 | Secondary School Teachers, Except Special and Career/Technical Education | Teach one or more subjects to students at the secondary school level. | Educational Instruction and Library Occupations |
| 13-1161.00 | Market Research Analysts and Marketing Specialists | Research conditions in local, regional, national, or online markets. Gather information to determine potential sales of a product or service, or plan a marketing or advertising campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution. May employ search marketing tactics, analyze web metrics, and develop recommendations to increase search engine ranking and visibility to target markets. | Business and Financial Operations Occupations |
| 13-1161.01 | Search Marketing Strategists | Employ search marketing tactics to increase visibility and engagement with content, products, or services in Internet-enabled devices or interfaces. Examine search query behaviors on general or specialty search engines or other Internet-based content. Analyze research, data, or technology to understand user intent and measure outcomes for ongoing optimization. | Business and Financial Operations Occupations |
| 15-2041.01 | Biostatisticians | Develop and apply biostatistical theory and methods to the study of life sciences. | Computer and Mathematical Occupations |
| 15-2051.01 | Business Intelligence Analysts | Produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources. | Computer and Mathematical Occupations |
| 15-2051.02 | Clinical Data Managers | Apply knowledge of health care and database management to analyze clinical data, and to identify and report trends. | Computer and Mathematical Occupations |
| 15-2051.00 | Data Scientists | Develop and implement a set of techniques or analytics applications to transform raw data into meaningful information using data-oriented programming languages and visualization software. Apply data mining, data modeling, natural language processing, and machine learning to extract and analyze information from large structured and unstructured datasets. Visualize, interpret, and report data findings. May create dynamic data reports. | Computer and Mathematical Occupations |
| 15-2041.00 | Statisticians | Develop or apply mathematical or statistical theory and methods to collect, organize, interpret, and summarize numerical data to provide usable information. May specialize in fields such as biostatistics, agricultural statistics, business statistics, or economic statistics. Includes mathematical and survey statisticians. | Computer and Mathematical Occupations |
Cost To Complete