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Economics is defined as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we have unlimited possibilities in life to do whatever we want, but we are limited by the resources we have to do these things. Economics is first and foremost a social science It is a broad major in the social sciences and covers many areas of study that have applications in virtually every industry and institution. Read more about the field of economics and possible career opportunities.

Declare This Major

Undergraduates currently enrolled at UT who wish to declare an economics major must first meet with an economics advisor. There is no formal application process. However, there are specific requirements for the Business Economics Option Program (BEOP).

For more information, visit the student affairs page on how to declare a major.

Prospective University of Texas at Austin students should visit to learn about the application process and how to declare a major.

Required Courses

Introduction to Microeconomics (ECO304K) and Introduction to Macroeconomics (ECO304L) are the two introductory level courses offered. Most courses are offered Fall, Spring, and Summer. Important to have your lower division economics and calculus courses completed as soon as possible to progress into upper division economics classes. Also look at the degree plan and/or sample 4-year plan for economics.


The Business Economics Option Program (BEOP) is designed for economics majors who are interested in business, particularly accounting and finance. The BEOP provides access to a set of restricted accounting and finance courses in the Red McCombs School of Business, for completion of a minor in Business Administration, Accounting, or Finance.

Students in the ECON-MPA Path earn a B.A. degree in Economics and a Master in Professional Accounting (MPA) degree from The University of Texas at Austin. This program enables outstanding undergraduates to complete twelve hours of graduate accounting courses in their senior year toward obtaining a master's degree. View information on the application website for the ECON-MPA Path and CPA Exam Requirements.


Students interested in working directly in the field of economics tend to specialize, and therefore their personality may vary by their particular interests. It is important to note that economists often work alone, writing reports, preparing statistical charts, and using computers, but they also may be an integral part of a research team. Students must be comfortable under pressure of deadlines and tight schedules. They must be flexible, critical thinkers, willing to work around special requests for data.


  • Analytical skills
  • Ability to function independently and collaboratively
  • Quantitative skills
  • Proficient in mathematics
  • Interpersonal communication skills (presenting findings to colleagues)
  • Critical thinking skills
  • Ability to examine issue(s) from various perspectives
  • Ability to work effectively under deadlines

A small sample of directly related careers

Market Research Analyst
Stock Broker
Insurance Underwriter
Financial Analyst

Remember: Your major does not (necessarily) equal your career. View a list of career ideas for any major.