Woman making a purchasing from a man at a market.

Bachelor of Arts and Bachelor of Science in Economics

About the B.A. and B.S. in Economics Degree

Cedarville’s distinctly Christian economics degree will prepare you for success in a variety of careers. You can choose from a Bachelor of Arts (B.A.) or Bachelor of Science (B.S.). The B.S. option is especially well-suited for those who plan to go to graduate school. At Cedarville, you will study in a tradition of free market economics (with an Austrian flair), focusing  on the intersection of faith and economics.

Everyone lives and works in our market economy. Regardless where you exercise your ministry — in private enterprise, the government, or in a church or missionary setting — you relate to many people you do not know well through economic connections. Cedarville’s economics major helps you maximize these ministry opportunities while preparing you for a career in management or other general business vocations. You will leave with enhanced problem-solving abilities and an in-depth understanding of economic principles integrated with biblical truth.

The economics program also has a robust minor that helps cement the "economic way of thinking" in students with other majors.

Why Study Economics at Cedarville?

Bachelors in Economics Program Highlights

Free market perspective — Cedarville professors provide a unique, free market perspective from an Austrian and classical liberal (the bedrock of conservative economic and political thought) foundation.

Biblical integration — In Cedarville's economics major, your study will begin with a Christian anthropology, understanding that men and women are created in the image of God, yet are fallen. This perspective will help you understand which economic system best leads to human flourishing while also minimizing the harm that fallen human beings can do to one another.

Economic way of thinking — Economics majors learn a particular method for problem-solving often referred to as the “economic way of thinking.” Employers value employees who are problem-solvers.

Broad-based foundation — While the economics major is housed in the School of Business Administration, major courses are taught not only by economics faculty but also by faculty from the Department of History and Government. Cedarville’s economics major focuses on political economy. Economics, political science, and history professors at Cedarville University blog at Bereans at the Gate.

What Can I Do With an Economics Degree?

What can you do with an economics degree? An economics degree from Cedarville will prepare you for success in a variety of careers. Although roles in management are the most common in business, economics majors are successful in law, banking, insurance, finance, nonprofit, and international relations, as well as academic roles. Governments at every level hire economists to manage and evaluate their operations.

Our students are also well prepared to go on to graduate school, potentially with scholarships that faculty members help steer them toward.

Hear What our Students are Saying

Photo of William Tomlinson dressed in a suit standing outside with the United States Capital Building in the background.

“Studying economics at Cedarville has been one of the most rewarding and enjoyable seasons of my life. Cedarville's economics degree provides a balanced education that delves into economic philosophy and theory, data and analytics, and applications to the real world. My time at Cedarville helped prepare me to not only obtain an economic policy internship in Washington, DC, but also to think critically in every area of life. Thanks to these skills, I was able to obtain a full ride to Ohio State's Moritz College of Law and plan on beginning law school Fall of 2019. Cedarville's economics program is thorough, academically enriching, and enjoyable."

—William Tomlinson, class of 2019, B.S. in Political Economics

Opportunities to Learn Outside the Classroom

Internships — You will gain valuable experience through internships at companies like JPMorgan Chase, as well as studying public policy through the Koch Fellowship program.

Integrated Business Core (IBC) — Recognized by The Washington Post, this two-semester program allows students to integrate classroom learning with practical business experience. As part of a team, you’ll develop a business plan, obtain financing, market and sell a product, and donate your profits to a local charity.

Student Organizations — You can choose to participate in business-related student organizations like:

  • A local chapter of the Executive Council with Values and Capitalism sponsored by the American Enterprise Institute
  • Economics Club — Students interested in political and economic events meet for discussion, fellowship, and fun. Students in the economics club are instrumental in facilitating on-campus political and economic events.
  • Student Leadership Team (SLT) — The SLT serves the School of Business Administration by building community among students and faculty, fostering relationships, and planning and executing events and programs.
  • Enactus — Enactus is an organization that provides our students the opportunity to make a difference, develop leadership, teamwork, and communication skills through learning, practicing, and teaching the principles of free enterprise.
  • Women in Business — Women in Business is an organization dedicated to helping women in professions learn more about reaching goals in careers, at home, and in service.

Business Administration

Cedarville's School of Business teaches business through a biblical lens emphasizing excellence, stewardship, leadership, and Kingdom influence.

Why Study Economics at Cedarville?

Cedarville takes a broad, traditional economics program and integrates it with a biblical worldview to make it the ideal place to study.

Placement Success

We’re proud of our successful graduates! 98% of 2019 graduates from the School of Business Administration were employed or in graduate school within six months of graduation.

New dining facility that will feature Chick-fil-A

University Prepares for August Return to Campus

Graduate and undergraduate students will be welcomed back to campus as scheduled on August 14-16, 2020.

Brian Burns and family celebration of the class of 2020

Senior Celebration Honors Largest Graduating Class

There were 826 undergraduate and graduate students earning 832 bachelor's, master's, and doctoral degrees during the special online celebration. Commencement will still be held Homecoming Weekend, October 2-3, with full regalia.

Cedarville University bookstore

COVID-19 Accelerates Bookstore Toward Online Sales

Cedarville bookstore now offering books, collectibles, Bibles and other merchandise online.

Rah Jacob

Cedarville Stories Podcast: Walking Sunshines Builds Strong Ties to the University

Rah Jacob is Director of Advancement Experiences and is well known for his warm and welcoming personality.

Lorne and Mark Scharnberg

Family Business

The Scharnbergs of Des Moines, Iowa, are the family behind the largest gift in Cedarville’s history, which will help build the School of Business Administration’s new home. Find out how the Scharnbergs built their enterprises on faith, integrity, and biblical wisdom.

What Can You Do With an Economics Degree?

From public policy to grad school, discover what you can do with an economics degree from Cedarville.

What is the Difference Between a BA and BS?

Consider your desired outcome first when choosing between a B.A. or B.S. in economics.

Why Are Free Markets Superior to Central Planning?

Learn how a free market economic perspective aligns with a Christian worldview, allowing individuals to flourish and maintain personal accountability.

Are Free Markets Biblical?

Examine how a free market economic perspective fits in with a biblical worldview.

Program Faculty

Photo of Jeffrey Haymond

Jeffrey Haymond, Ph.D.

Dean, School of Business Administration; Professor of Economics

  • Location MIL 162
  • Phone 937-766-4442
  • Email Email
Photo of Bert Wheeler

Bert Wheeler, Ph.D.

Professor of Economics; Berry Chair for Free Enterprise

  • Location MIL 124
  • Phone 937-766-7714
  • Email Email

Economics Program Curriculum

Building on your core liberal arts and Bible minor courses, you will take basic business courses laying the foundation for successful integration into management and general business positions. Your economics core includes basic principles that are then expanded on and enhanced in intermediate theory classes.

Sample courses:
  • Comparative Economic Systems
  • Money and Financial Markets
View Curriculum Plan and Catalog