Economics is about more than money and profits. It is a way of looking at the world through the lens of incentives, choices, and markets to help uncover new solutions to the persistent problems in our society. This economic perspective sheds light on important issues in the areas of production, education, crime, the environment, international trade, immigration, health care, economic growth, poverty, and more. The bachelor of science in Economics provides a stronger emphasis on quantitative analysis. Students prepare for a career as an analyst in government, consulting, trade associations, or other private sector positions, and for graduate school in economics or more quantitative business administration programs.

Policies

Students pursuing this degree must complete a minimum of 59 credits of required coursework with a minimum GPA of 2.00. Students completing a concentration will complete additional credits.

For policies governing all undergraduate degrees, see AP.5 Undergraduate Policies.

Banner Code: LA-BS-ECON

Degree Requirements

Total credits: minimum 120

Students should be aware of the specific policies associated with this program, located on the Admissions & Policies tab.

Some economics courses may fulfill the Mason Core requirement in global understanding. Check with the departmental advising office for more information. Economics majors can fulfill the Mason Core synthesis requirement with ECON 309 Economic Problems and Public Policies (Mason Core).

Core Courses without Concentration

Required Courses 

ECON 103Contemporary Microeconomic Principles (Mason Core) (with a grade of C or above)3
ECON 104Contemporary Macroeconomic Principles (Mason Core) (with a grade of C or above)3
ECON 306Intermediate Microeconomics3
ECON 309Economic Problems and Public Policies (Mason Core)3
ECON 311Intermediate Macroeconomics3
ECON 345Introduction to Econometrics3
MATH 113Analytic Geometry and Calculus I (Mason Core)4
MATH 114Analytic Geometry and Calculus II4
Total Credits26

Statistics

Select one from the following: 16
Introductory Statistics I (Mason Core)
and Introductory Statistics II
Probability and Statistics for Engineers and Scientists I
and Probability and Statistics for Engineers and Scientists II
Total Credits6

Additional Course 

ACCT 203Survey of Accounting3
or STAT 362 Introduction to Computer Statistical Packages
Total Credits3

Electives without Concentration

Electives
Select 18 credits of electives from courses in economics at the 300 or 400 level 118
Select 6 credits of electives from courses in economics at the 400 level.6
Total Credits24

Optional Concentrations

Students interested in a degree in economics with a concentration will complete the coursework for one of the concentrations below.

Available Concentrations

Concentration in Managerial Economics (MECN)

Students who wish to focus their BS in economics for application in the business world may choose to pursue a concentration in managerial economics. They complete 62 credits, 10 of which may be used also to fulfill Mason Core requirements.

Required Courses
ECON 103Contemporary Microeconomic Principles (Mason Core)3
ECON 104Contemporary Macroeconomic Principles (Mason Core)3
ECON 306Intermediate Microeconomics3
ECON 308Managerial Economics and Strategy3
ECON 309Economic Problems and Public Policies (Mason Core)3
ECON 310Money and Banking3
ECON 311Intermediate Macroeconomics3
ECON 345Introduction to Econometrics3
Total Credits24
Statistics
Select one from the following: 16
Introductory Statistics I (Mason Core)
and Introductory Statistics II
Probability and Statistics for Engineers and Scientists I
and Probability and Statistics for Engineers and Scientists II
Total Credits6
Required Courses in Math, Accounting, and Information Technology 
ACCT 203Survey of Accounting3
MATH 113Analytic Geometry and Calculus I (Mason Core)4
MATH 114Analytic Geometry and Calculus II 14
Total Credits11
Two Required Courses in Business Writing
BUS 103Develop Professional Skills I: Foundational Elements3
BUS 303Develop Professional Skills II: Advanced Elements3
Total Credits6
Electives in Economics1
Select 9 credits from the following:9
Economics of Labor
Economics of Industrial Organization
International Economics (Mason Core)
Game Theory and Economics of Institutions
Law and Economics
International Money and Finance
Financial Economics
Special Topics in Economics
Total Credits9
Additional Electives in Economics 
Select 6 credits of electives in economics from courses at the 300 and 400 level 26
Total Credits6
Elective not in Economics 
Select one elective from the following:3
Legal Environment of Business
Financial Management
Principles of Management
Principles of Marketing
Introduction to Business Information Systems (Mason Core)
Operations Management
Total Credits3

Concentration in Philosophy, Politics, and Economics (PPE)

This is a high credit concentration for students interested in a program that explores the interdisciplinary connections between philosophy, political science, and economics.

Required Courses in Economics
ECON 103Contemporary Microeconomic Principles (Mason Core)3
ECON 104Contemporary Macroeconomic Principles (Mason Core)3
ECON 306Intermediate Microeconomics3
ECON 311Intermediate Macroeconomics3
ECON 345Introduction to Econometrics3
ECON 412Game Theory and Economics of Institutions3
Total Credits18
Statistics 
Select one from the following: 16
Introductory Statistics I (Mason Core)
and Introductory Statistics II
Probability and Statistics for Engineers and Scientists I
and Probability and Statistics for Engineers and Scientists II
Total Credits6
Required Courses in Math and Information Technology 
MATH 113Analytic Geometry and Calculus I (Mason Core)4
MATH 114Analytic Geometry and Calculus II4
Total Credits8
Electives 
Select 18 credits of electives in economics at the 300 and 400 level 118
Total Credits18
Philosophy 
PHIL/GOVT 324Modern Western Political Theory3
or PHIL/GOVT 327 Contemporary Western Political Theory
PHIL 357Philosophy of the Social Sciences3
or PHIL 371 Philosophy of Natural Sciences
PHIL 358Ethics and Economics3
PHIL 411Theories of Decision3
Total Credits12
Public and International Affairs 
GOVT 103Introduction to American Government (Mason Core)3
GOVT/PHIL 323Classical Western Political Theory3
GOVT 422Constitutional Interpretation3
GOVT 467Current Issues in Economic Policy3
Total Credits12
Capstone Experience Course
GOVT 469Philosophy, Politics, and Economics3
or PHIL/ECON 460 Senior Seminar in Philosophy, Politics, and Economics
Total Credits3

Writing-Intensive Requirement

The university requires all students to complete at least one course designated as "writing intensive" in their majors at the 300 level or above. Students majoring in economics fulfill this requirement by successfully completing:

Select one from the following:3
Introduction to Econometrics
The Political Economy of Nonprofit Institutions
Topics in Economic History
Economics of Energy
Economics of Regulation
Total Credits3

Upper Level Requirements

Students seeking a bachelor’s degree must apply at least 45 credits of upper-level courses (numbered 300 or above) toward graduation requirements.

Additional Electives

Any remaining credits may be completed with elective courses to bring the degree total to 120.

Mason Core

Some Mason Core requirements may already be fulfilled by the major requirements listed above. Students are strongly encouraged to consult their advisors to ensure they fulfill all remaining Mason Core requirements.

Foundation Requirements
Written Communication (ENGH 101)3
Oral Communication3
Quantitative Reasoning3
Information Technology and Computing3
Exploration Requirements
Arts3
Global Understanding3
Literature3
Natural Science7
Social and Behavioral Sciences3
Western Civilization/World History3
Integration Requirements
Written Communications (ENGH 302)3
Writing-Intensive 13
Synthesis/Capstone 23
Total Credits40

Honors in the Major

Students pursuing departmental honors must complete 6 hours of ECON 495 RS: Honors Thesis in Economics culminating with an original work of research and an oral presentation. Requirements for departmental honors are in addition to the coursework required for the major. Students must complete ECON 495 RS: Honors Thesis in Economics with a grade of B or higher to receive departmental honors.

Economics majors who have completed 90 credits with an overall GPA of 3.50 and a GPA of 3.50 within the major are eligible to apply. Not all applicants who meet the minimum requirements are guaranteed acceptance.

Applications will be available starting May 1st of each year. Applications are due by August 1st.

To be accepted into the program and enroll in ECON 495 RS: Honors Thesis in Economics students must submit a research proposal. Research proposals can be developed independently or by completing ECON 494 Introduction to Independent Research in Economics with a grade of B or higher. Completion of ECON 494 Introduction to Independent Research in Economics is not required for departmental honors.

The accelerated master's programs listed below specify the BS in economics as a feeder degree for their programs. It is important to note, however, that many accelerated master's programs are available for any bachelor's degree at Mason, including this one. See the full list of degrees with accelerated programs at George Mason.

Economics, BA or BS/Economics, Accelerated MA

Overview

Highly-qualified Mason economics majors may apply to the accelerated master's degree program. If accepted, students will be able to earn both a BA or BS and a MA in economics after satisfactory completion of 144 credits. Graduates are exceptionally well-prepared for professional school or a PhD program in economics or a related discipline.

For more detailed information, see AP.6.7 Bachelor's/Accelerated Master's Degrees. For policies governing all graduate degrees, see AP.6 Graduate Policies.

Application Requirements

Applicants to all graduate programs at George Mason University must meet the admission standards and application requirements for graduate study as specified in Graduate Admissions. For information specific to the accelerated MA in economics, see Application Requirements and Deadlines on the departmental web site.

Accelerated Option Requirements

While undergraduate students, accelerated master's students will be required to complete two master's courses to be applied to the undergraduate degree as upper level credit. These two courses must be selected from the following five courses:

Select two from the following:6
Survey of Applied Econometrics
Microeconomic Theory
Microeconomic Theory II
Macroeconomic Theory
Mathematical Economics I
Total Credits6

Once admitted to the accelerated master's pathway, students must maintain a minimum cumulative GPA of 3.25 in all coursework and earn a grade of B or better (3.00 or higher) in coursework applied to their major. Upon completion and conferral of the undergraduate degree in the semester indicated in the application, they submit the Bachelor's/Accelerated Master's Transition Form and are admitted to graduate status.

As graduate students, accelerated master's students have an advanced standing. They must meet all master's degree requirements except for the two courses (6 credits) they completed as undergraduates. Students must begin their master's program the semester immediately following conferral of the undergraduate degree.

Reserve Graduate Credit

While undergraduate students, accelerated master's students may take an additional two master's courses as reserve graduate credit. These two additional master's courses must be selected from the following five courses:

Select two from the following:6
Survey of Applied Econometrics
Microeconomic Theory
Microeconomic Theory II
Macroeconomic Theory
Mathematical Economics I
Total Credits6

These credits do not apply to the undergraduate degree. To apply these credits to the master's degree, students should use the Bachelor's/Accelerated Master's Transition Form.

The ability to take courses, including ones not listed above, for reserve graduate credit is available to all high achieving undergraduates with the permission of the department. Permission is normally granted only to qualified Mason seniors within 15 hours of graduation. See AP.1.4.4 Graduate Course Enrollment by Undergraduates.

BS (selected)/Statistical Science, Accelerated MS

Overview

Highly-qualified students in BS programs have the option of applying to the accelerated Statistical Science, MS program.

For more detailed information, see AP.6.7 Bachelor's/Accelerated Master's Degrees. For policies governing all graduate degrees, see AP.6 Graduate Policies.

Admission Requirements

No specific undergraduate BS degree is required.  Students enrolled in any BS degree may apply to the accelerated Statistical Science, MS program if such an accelerated Statistical Science, MS pathway is allowable from the student's BS program, which will be determined by the academic advisors of both the BS and MS programs; and if they have earned 90 undergraduate credits with an overall GPA of 3.00. Students must have successfully completed the following Mason courses each with a grade of C or better prior to admission to the accelerated program:

MATH 213Analytic Geometry and Calculus III3
MATH 203Linear Algebra3
or MATH 321 Abstract Algebra
STAT 250Introductory Statistics I (Mason Core)3
or STAT 344 Probability and Statistics for Engineers and Scientists I
STAT 346Probability for Engineers3
or MATH 351 Probability
STAT 362Introduction to Computer Statistical Packages3

Accelerated Option Requirements

Students must complete all credits satisfying degree requirements for the BS and MS programs, with 6 credits overlap chosen from the following courses: STAT 515 Applied Statistics and Visualization for Analytics, STAT 544 Applied ProbabilitySTAT 554 Applied Statistics I, STAT 560 Biostatistical Methods, and STAT 574 Survey Sampling I.  (Credit may not be received for both STAT 474 and STAT 574; nor for both STAT 460 and STAT 560.) The graduate courses selected for overlap must be approved by the academic advisors of both the BS and MS programs.  All graduate course prerequisties must be completed prior to enrollment.  Each graduate course must be completed with a grade of B or better to apply toward the MS degree.

While still in undergraduate status, a maximum of 6 additional graduate credits may be taken as reserve graduate credit and applied to the master's program.  Reserve graduate credits do not apply to the undergraduate degree.

Degree Conferral

Students must apply the semester before they expect to complete the BS requirements to have the BS degree conferred. In addition, at the beginning of the student's final undergraduate semester, students must complete a Bachelor's/Accelerated Master's Transition form that is submitted to the Office of the University Registrar and Graduate Recruitment and Enrollment Services. At the completion of MS requirements, a master's degree is conferred.