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Economics

Program Description
A degree in Economics from AUM provides students with analytical tools and practical skills to succeed in business, finance and government. This is achieved by offering a mix of theoretical and applied courses in economics, the function of markets around the world and optimal criteria for decision-making.

In addition to the General Economics concentration of this degree, there are two options available, International Economics and Commerce and Political Economy. These tracks prepare students to succeed in a wide range of career paths including economic analysis, economic and business modeling, economic and market forecasting, law, banking and finance, corporate finance international business, and government and public service.

The Economics department offers various scholarship opportunities to help students pay for school. Our study abroad program includes travel to New York City to visit Wall Street and the stock exchanges, Germany to visit the Borse Frankfurt Stock Exchange, France to visit the France Stock Market, and London to explore the London Stock Exchange.
You will concentrate your studies in one of these three areas:

  • General Economics
  • International Economics and Commerce
  • Political Economy

“Why I chose the Economics program” 

Points of Pride

  • AUM is the only institution in the Montgomery/River Region that offers a bachelor’s degree in Economics and a master’s degree in Applied Economics.
  • Each year, the Economics Department gives out at least $13,000 in scholarships
  • The Economics Club is one of the most active clubs on campus and has regular meetings with speakers that address student’s current and future concerns, such as credit ratings, retirement planning, student loan debt, internships, and employment opportunities.
  • Economics Club members have met with the president of the Chicago Federal Reserve, the vice president of the Atlanta Federal Reserve, Senator Richard Shelby in Washington, D.C., and neurosurgeon and former presidential candidate Dr. Ben Carson.
  • In recent years, the Economics Club members traveled to Europe where they visited the European Central Bank and Frankfurt Stock Exchange, toured the Bank of England, met with an economist from the London School of Economics Center for Systemic Risk, and received training and certification at the London Stock Exchange.

Put Your Degree to Work

Note: While salaries vary depending on several factors including your level of experience, education and training, and geography and industry, here is a sampling of the future job growth and salaries nationally.

 U.S Bureau of Labor Statistics sample 
JobsMedian Annual PayJob Growth through 2028
Securities, Commodities, and Financial Services Sales Agents$64,1204%
Market research analyst$63,12020%
Financial manager$127,99016%

For More Information

Prospective/Incoming
Students please contact
Dr. Runco
mrunco@aum.edu

Current Students
please contact
Dr. Moore
emoore1@aum.edu

Soaring Warhawks

  • Fernando Sedano, Ph.D., is an economist at Morgan Stanley.
  • Arben Skivjani is an economic forecaster at the Center for Business and Economic Research at the University of Alabama.
  • Danielle Kelly is a project manager at Airbus Group.
  • Electra Henry is CEO of Theraquatics.com.
  • Michael Johnson is an attorney at Rabaleis Unland LLP.
  • Onisha Murray is an acquisition program manager at Gunter Air Force Base.
  • Erin Gillie is a student support adviser at 2U, an educational technology company.
  • Fellycia Kirana is an account manager at Regions Bank in Atlanta, GA.
  • Tomas Ptacek is an investment advisor at UK Trade & Investment in Prague, the Czech Republic.

Program Overview

The course listings below are a representation of what this academic program requires. For a full review of this program in detail, please see our official online catalog AND consult with an academic advisor. This listing does not include the core curriculum courses required for all majors and may not include some program-specific information, such as admissions, retention and termination standards.

  Course sampling specific to the Economics major includes:
Course#Course NameCourse Description
ECON 3700Economic Analysis and MethodsThis course introduces students to topics in linear algebra and multivariable differential calculus suitable for economic applications. Students will also be introduced to basic econometric theory and applications to economics issues. Topics to be covered are linear algebra, differential calculus.
ECON 3120Intermediate MacroeconomicsStudies aggregate forces in an economy that seeks the goals of full production, full employment, price stability and growth. Topics include economic growth, the business cycle, issues in monetary and fiscal policy, balance of payments and exchange rate analysis. Prerequisite ECON 2020.
ECON 3110Intermediate MicroeconomicsThe study of how prices, output and size of plant are determined within varying economic market organizations. Prerequisite ECON 2010.
ECON 4800Senior Seminar in EconomicsEconomic analytical methods are applied to important economic issues confronting society. Students will employ theory and methods learned in previous Economics classes. The course will assess students’ ability to employ economic reasoning in discussions, written exercises and reports, and in-class presentations. Writing Intensive Course.
Traditional Economics option: 3000/4000 Economics Electives (9 semester hours)
Electives — 3000/4000 level electives from COB, PP&J, Arts & Science or MATH 1610 and higher (30 semester hours)

Course sampling specific to International Economics and Commerce includes:  
Course #Course NameCourse Description
ECON 4050International Institutions and Contemporary Trade Policy
ECON 4700International Economics
Economics Electives – ECON 3050, ECON 3520, ECON 4200 (3 semester hours)
Foreign Language – (8 semester hours)
Electives — 3000/4000 level electives from COB, PP&J, Arts & Science or MATH 1610 and higher (21 semester hours)

  Course sampling specific to Political Economy includes:
Course#Course NameCourse Description
ECON 3500Labor EconomicsA theoretical and institutional examination of the labor market, including wage theories, unionism, the economics of collective bargaining and problems of insecurity. Prerequisite ECON 2020.
ECON 4650Public FinanceA study of principles of taxation, government expenditures and fiscal policy in the American economy. Prerequisite ECON 2010.
POLS 4280International Political EconomyExplores the relationship between politics and economics in the modern international political economy, and the theories developed to explain the content and evolution of the international economic system. Focus is on trade, monetary, financial, and production relations.
POLS Electives – 3000/4000 level (6 semester hours)
Electives — 3000/4000 level electives from COB, PP&J, Arts & Science or MATH 1610 and higher (30 semester hours)

Want More Info About AUM?

Location

Taylor Center 101

Address

7400 East Drive Montgomery, AL 36117

Office Hours

8 a.m. - 5 p.m. Monday - Friday

Call Today

334-244-3000

Fax

334-244-3795

E-mail

admissions@aum.edu

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