Bachelors of Actuarial Science
The Actuarial Science program at Franklin College provides a comprehensive foundation i...
Bachelors of Economics
Franklin, Indiana
INTAKE: Jan & Aug
Program Overview
The Economics program at Franklin College provides a comprehensive foundation in both microeconomic and macroeconomic principles, alongside various specialty areas within the field. The core mission is to enable students to master foundational economic theories and apply them to real-world scenarios. Students learn to analyze markets, understand policy implications, and develop solutions to societal economic challenges. The program aims to cultivate adaptable professionals who can thrive in a dynamic marketplace, whether pursuing careers in government, finance, business, or continuing their education at the graduate level.
Curriculum: The curriculum for the BA in Economics at Franklin College is designed to provide a solid grounding in economic analysis and its applications. Core coursework typically includes Principles of Microeconomics and Macroeconomics, Intermediate Microeconomics (Managerial Economics), Intermediate Macroeconomics (Issues and Controversies in Macroeconomics), and potentially History of Economic Thought. Students also gain essential quantitative skills through required mathematics courses such as Statistics and Calculus. Upper-level courses may delve into areas like Development Economics, Game Theory, International Trade, and Econometrics. The program aims to foster analytical and critical thinking, preparing students to assess economic issues from various perspectives.
Research Focus: Franklin College's Economics program emphasizes the development of strong analytical and research skills. Students are trained to use "different theoretical approaches and empirical techniques" to gain "critical, analytical, and empirical insight into current economic issues." The curriculum likely includes opportunities for students to engage in data analysis and economic modeling, which are forms of applied research. While not explicitly detailed, senior capstone projects or research seminars, common in economics programs, would provide students with the chance to conduct independent research, synthesize economic concepts, and present their findings, preparing them for advanced studies or roles requiring economic analysis.
Industry Engagement: Franklin College demonstrates a strong commitment to industry engagement for its Economics students. The college emphasizes that "nearly 100 percent of graduating seniors participate in a formal internship program before graduation." This hands-on experience is crucial for bridging academic learning with real-world professional practice. Faculty members, who often have professional experience, bring practical insights into the classroom. The college's Office of Career Development actively assists students in finding and securing internships, including opportunities in Indianapolis and beyond. Furthermore, business, accounting, and economics clubs provide avenues for networking and professional development, ensuring students are well-connected to potential employers.
Global Perspective: The Economics program at Franklin College inherently fosters a global perspective, recognizing that economic systems and challenges are increasingly interconnected. The curriculum prepares students to "respond to a rapidly changing global economic situation." While a specific "International Economics" major (as offered by Franklin University Switzerland) highlights global aspects more explicitly, the core economics curriculum at Franklin College would certainly address international trade, global finance, and comparative economic systems. Furthermore, Franklin College strongly encourages students to "travel internationally via study away, international internships or Immersive Term study away courses," with about 30 percent of its students participating in such experiences. These opportunities provide invaluable direct exposure to diverse economic environments and global challenges, enhancing students' understanding of international economic dynamics.
Location
Franklin, Indiana
Score
IELTS 6.5
Tuition Fee
USD 40010
Undergraduate Entry Requirements
Application Fee: $40
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.0 or 6.5 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 79 or higher.
- PTE: Overall score of 53 or higher.
- DET (Duolingo English Test): Minimum score of 105.
Franklin College offers a range of scholarship opportunities to support international students in pursuing their academic goals. These scholarships are designed to recognize outstanding academic achievement, leadership qualities, and extracurricular involvement, making higher education more accessible and affordable for students from around the world.
Merit-Based Scholarships: International students are automatically considered for merit-based scholarships upon admission. These awards are competitive and primarily based on academic performance, standardized test scores, and personal achievements. Scholarships can significantly reduce tuition costs and may be renewable each year based on satisfactory academic progress.
Specialized Scholarships: In addition to general merit awards, Franklin College provides targeted scholarships for students excelling in specific fields such as science, arts, athletics, or community service. Some scholarships also focus on promoting diversity and inclusion by supporting students from underrepresented regions or backgrounds.
Franklin College's Bachelor of Arts in Economics offers a robust and intellectually stimulating program designed to equip students with a comprehensive understanding of economic theory, principles, and their real-world applications.
Data Analyst: Economics graduates possess strong quantitative and analytical skills. They can work in various industries, collecting, processing, and interpreting large datasets to identify trends, create predictive models, and inform business or policy decisions.
Financial Analyst: Leveraging their understanding of markets, economic indicators, and financial principles, graduates can work in investment banking, corporate finance, or wealth management. They analyze financial data, evaluate investment opportunities, and provide recommendations to clients or internal stakeholders.
Market Research Analyst: These professionals use economic principles and statistical methods to analyze consumer behavior, market trends, and competitive landscapes. They help businesses understand demand, optimize pricing, and develop effective marketing strategies.
Policy Analyst (Government/Nonprofit): Graduates can work for government agencies, think tanks, or non-profit organizations, researching and analyzing public policies, assessing their economic impact, and recommending policy changes related to areas like healthcare, environment, or social welfare.
Economic Consultant: Economic consultants apply economic theories and quantitative methods to solve complex business and legal problems for clients. This could involve market analysis, litigation support, or evaluating the economic impact of various decisions.
Actuarial Analyst (with further exams): For those with a strong mathematical aptitude, economics provides an excellent foundation for an actuarial career. Actuaries assess and manage financial risks, primarily for insurance and pension industries, which requires passing a series of challenging professional exams.
Business Analyst: In this role, graduates analyze business processes, identify inefficiencies, and propose data-driven solutions to improve organizational performance. They often bridge the gap between technical teams and business stakeholders.
Credit Analyst: Working in banks or financial institutions, credit analysts evaluate the creditworthiness of individuals or businesses seeking loans. They assess financial statements, market conditions, and economic forecasts to determine risk.
Statistician (Entry-Level): With strong backgrounds in statistics and econometrics, graduates can pursue roles as statisticians, designing surveys, analyzing data, and interpreting statistical results for various research or business applications.
Graduate Student (Economics, Law, Business, Public Policy): An Economics bachelor's degree from Franklin College is an excellent foundation for pursuing advanced degrees. Many graduates go on to master's or Ph.D. programs in Economics for academic or research careers, or pursue professional degrees like an MBA, a Juris Doctor (JD) in law, or a Master of Public Policy, given the strong analytical and critical thinking skills fostered by the program.
