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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

Portrait photo of Michael McDonald smiling and wearing a suit.

Michael McDonald '18, B.A. in Business Economics and Political Economics

“I enthusiastically endorse enrolling in Cedarville’s economics program as a strong first step towards a career in law. Under the instruction of very accomplished professors, the economics department nurtures a thought-provoking, stimulating environment that improved my own critical-thinking skills necessary for the logical and analytical reasoning sections of the LSAT. In addition, a thorough understanding of scarcity, efficiency, and the impact of incentivization, all of which Cedarville’s economics program studies in-depth, has given me the skills to excel in law school courses ranging from property law to contract law. Far from the Ben Stein performance as an economics teacher in “Ferris Bueller’s Day Off,” Cedarville provides an economics education that is as engaging as it is scholarly, and I would highly recommend the economics major for any student interested in getting a head-start on maximizing his or her analytical skills, which are essential for pursuing a career as an attorney."

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.
View thumbnail for Why Study Economics at Cedarville?

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! 96.9% of recent graduates from the School of Business Administration were employed or in graduate school within six months of graduation.

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View thumbnail for What Can You Do With an Economics Degree?

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.

View thumbnail for What is the Difference Between a BA and BS?

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.

View thumbnail for Why Are Free Markets Superior to Central Planning?

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.

View thumbnail for Are Free Markets Biblical?

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 Galen Smith

Galen Smith, D.Min.

Professor Emeritus of Economics

  • Location MIL 172
  • Phone 937-766-7923
  • 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