by our College Data Analytics TeamThe main focus area for this major is General Economics. For more details on this concentration, visit its profile page.
Economics is a major offered under the social sciences program of study at James Madison University. We’ve pulled together some essential information you should know about the bachelor’s degree program in economics, including how many students graduate each year, the ethnic diversity of these students, and more.
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Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
If you're the kind of person who enjoys working with numbers and solving tough problems, a graduate degree in economics may be for you.
In order to help students and their parents find the best school for them, we have created several different types of college rankings, which are updated yearly. The bachelor's program at JMU was ranked #124 on College Factual's Best Schools for economics list. It is also ranked #5 in Virginia.
Here are some of the other rankings for JMU.
Out-of-state part-time undergraduates at JMU paid an average of $804 per credit hour in 2019-2020. The average for in-state students was $241 per credit hour. The following table shows the average full-time tuition and fees for undergraduates.
| In State | Out of State | |
|---|---|---|
| Tuition | $7,250 | $23,564 |
| Fees | $5,080 | $5,666 |
| Books and Supplies | $1,082 | $1,082 |
| On Campus Room and Board | $11,348 | $11,348 |
| On Campus Other Expenses | $4,020 | $4,020 |
Learn more about JMU tuition and fees.
One factor in determining the overall cost in a degree is to consider how much in student loans you’ll have to take out. Economics students who received their bachelor’s degree at JMU took out an average of $24,971 in student loans. That is 18% higher than the national average of $21,243.
economics who receive their bachelor’s degree from JMU make an average of $55,102 a year during the early days of their career. That is 18% higher than the national average of $46,790.
JMU does not offer an online option for its economics bachelor’s degree program at this time. To see if the school offers distance learning options in other areas, visit the JMU Online Learning page.
About 16.4% of the students who received their Bachelor’s in economics in 2019-2020 were women. This is less than the nationwide number of 33.7%.
Around 19.7% of economics bachelor’s degree recipients at JMU in 2019-2020 were awarded to racial-ethnic minorities*. This is lower than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 3 |
| Black or African American | 1 |
| Hispanic or Latino | 7 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 40 |
| International Students | 7 |
| Other Races/Ethnicities | 3 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 61 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Anthropology | 30 |
| Geography & Cartography | 59 |
| International Relations & National Security | 82 |
| Political Science & Government | 96 |
| Sociology | 36 |
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
More about our data sources and methodologies.
