The Economics BA program helps students examine how society produces and consumes goods, and it analyzes many real-world issues such as international trade, poverty, taxes, crime, and education. The curriculum provides students with thorough training in both theoretical and empirical approaches to real world problems, and it provides a framework in which to analyze human behavior. In doing so, students graduate with the skills needed for successful careers in a wide range of fields including finance, consulting, accounting, and government.

Learning Objectives

Upon completion of the Economics major, students will have achieved the following learning objectives:

  • Application of economic analyses to everyday life, and visualization of economics in real-world situations
  • Application of learning to policy-relevant issues
  • Ability to understand current events
  • Ability to assess the likely impact of specific policies put forth by government entities
  • Evaluation of the role played by assumptions in arguments made for and against economic and policy issues
  • Use of quantitative evidence and economic models to assess the validity of economic and policy-relevant arguments
  • Understanding of statistical methodology and interpretation of statistical evidence
  • Use of data to construct quantitative economics arguments, and to understand the statistical problems associated with interpreting the results
  • Understanding of the role of sample selection/endogeneity in affecting results, and how to correct for these issues
  • Formulation of written arguments that state assumptions and hypotheses, and evaluation of their pros and cons based on evidence
  • Oral presentation of a carefully reasoned economic argument, and response to related questions
  • Graphic presentation of a carefully reasoned economic argument by means of graphs, figures, charts, and presentation software
  • Working knowledge of information databases, and knowledge of how to use the Web in gathering reliable information
  • Location and use of primary data sources such as surveys
  • Use of knowledge gained to understand and evaluate current economic events and new economic ideas

Major Requirements

Courses

New Econometrics Course (Econ 104/104L)

Course Description: In-depth discussion of multivariate regression. Introduction to estimation of multivariate regression, and confidence intervals and hypothesis tests in context of multivariate regression. Discussion of instrumental variables and binary choice models. Emphasis on hands-on experience on data analytics and real data applications.

This new statistics/econometrics sequence includes the following courses:  Economics 41, 103/103L, and 104/104L.  The sequence will incorporate active learning, including but not limited to, extensive empirical examples and exercises.  Students who have completed this sequence will ultimately be expected to have learned how to program in R. The knowledge and skills to analyze data are becoming increasingly important, and considered highly desirable by graduate schools and potential employers. This new sequence will give students a competitive edge in the era of the big data.

Please click here for FAQs about this new course.

Additional Information

All students interested in the Economics and the Business Economics major should be on the Econ Counseling Listserv.

To declare the pre-major or major in Economics, please print the Department of Economics Change of Major request form and submit the form to the Economics Undergraduate Counselors in 2263 Bunche Hall for processing.  For those occasions that the office is closed – please submit the form online via the MyUCLA Message Center.  The subject title should be: Change of Major request form.

Please Note: The Bachelor of Arts in Economics is now classified as a STEM major (CIP Code 45.0603: Econometrics and Quantitative Economics). This change is in effect for students with a Degree Expected Term of Fall Quarter 2019 or later. It does not apply retroactively. Also note that the degree designation remains a “Bachelor of Arts”.