by our College Data Analytics TeamEconomics is a major offered under the social sciences program of study at University of Minnesota - Twin Cities. Here, you’ll find out more about the major bachelor’s degree program in economics, including such details as the number of graduates, ethnicity of students, related majors and concentrations, 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. UMN Twin Cities was ranked #83 on College Factual's most recent list of the best schools for economics majors. This puts the bachelor's program at the school solidly in the top 15% of all colleges and universities in the country. It is also ranked #3 in Minnesota.
Here are some of the other rankings for UMN Twin Cities.
During the 2019-2020 academic year, part-time undergraduate students at UMN Twin Cities paid an average of $1,216 per credit hour if they came to the school from out-of-state. In-state students paid a discounted rate of $512 per credit hour. Information about average full-time undergraduate tuition and fees is shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $13,318 | $31,616 |
| Fees | $1,709 | $1,709 |
| Books and Supplies | $1,000 | $1,000 |
| On Campus Room and Board | $10,358 | $10,358 |
| On Campus Other Expenses | $2,442 | $2,442 |
Learn more about UMN Twin Cities 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. Students who received their bachelor’s degree at UMN Twin Cities in Economics walked away with an average of $21,000 in student debt. That is about the same as the national average of $21,243.
economics who receive their bachelor’s degree from UMN Twin Cities make an average of $51,829 a year during the early days of their career. That is 11% higher than the national average of $46,790.
Online degrees for the UMN Twin Cities economics bachelor’s degree program are not available at this time. To see if the school offers distance learning options in other areas, visit the UMN Twin Cities Online Learning page.
Of the students who received their bachelor’s degree in economics in 2019-2020, 33.0% of them were women. This is in the same ballpark of the nationwide number of 33.7%.
Around 18.6% of economics bachelor’s degree recipients at UMN Twin Cities in 2019-2020 were awarded to racial-ethnic minorities*. This is lower than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 35 |
| Black or African American | 13 |
| Hispanic or Latino | 10 |
| Native American or Alaska Native | 1 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 155 |
| International Students | 150 |
| Other Races/Ethnicities | 12 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| General Economics | 181 |
| Applied Economics | 65 |
| Econometrics & Quantitative Economics | 130 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Anthropology | 69 |
| Criminology | 120 |
| Geography & Cartography | 27 |
| International Relations & National Security | 94 |
| Political Science & Government | 261 |
*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.
