Department of Economics

What is the B.S. in Economics degree?
The BS in Economics Program equips students with a comprehensive coverage of contemporary economic disciplines and topics. It aims to develop students’ critical thinking capacities for the analysis of events shaping local and regional economics and prepare them for graduate studies or careers in the private and public sector.

What do you learn?
  • • In terms of functional skills, the students learn about the fundamental sciences of economics and the means by which it affects public policies, international trade, financial systems, labor markets, development economics, economic profits, and trade-offs resulting from the problem of resource scarcity.
  • • In terms of soft skills, the students learn critical thinking for effective decision-making; effective teamwork and communication; ethical behavior and social responsibility.

Where would you work?
Economics is highly sought degree by various employers around the world because of its versatility. With an economic degree, you would be ready to join financial firms, consulting firms, government agencies, world organizations, national and international NGOs, think tanks, research centers, ministries, Central Banks, and a wide array of for-profit not-for-profit organizations. A degree in economics also prepares you to become an entrepreneur or take-over a family business. It is also noteworthy that economics is an excellent preparatory degree should someone desire to become a university professor in various disciplines.

How long does it take to complete the degree?
A student admitted at the sophomore level would need to take 94 credits from the sophomore level to complete the program, which translates into three years of study (excluding the remedial English courses).

Concentration in the B.S degree in Economics?
A unique feature of the B.S. degree in economics degree at the University of Balamand is that it gives you the choice to concentrate in many tracks: (1) Business track; (2) Finance track; (3) Political science track; (4) Quantitative technique tracks.

Are concentrations compulsory in B.S degree in Economics?
A beautiful feature of the B.S. degree in economics degree at the University of Balamand is that you do not need to concentrate in a specific track. You could take your elective courses in business, finance, political science, quantitative techniques, and yet fulfill your graduation requirements. It is noteworthy that an economic major has incredible choices to take elective courses across various departments, a desirable option not available to other majors. This flexible model is not only the norm in many prominent universities in the U.S. and elsewhere, it is also highly valued by potential employers.

Core Competency Goals of the B.S. in Economics Program
  • PLG1: Core Economic and Quantitative Literacy
    • PLO1.1: Use appropriate economic concepts, theories, and assumptions to characterize economic problems - both from a theoretical and an empirical perspective.
    • PLO 1.2.: Analyze quantitative information from formulas, graphs, tables and econometric models.
  • PLG2: Global Perspectives
    • PLO 2.1: Describe contemporary economic challenges facing global, regional, and local economies.
    • PLO 2.2: Explain how local and global economies adapt when facing disruptors such as artificial intelligence, climate change, and pandemics.
  • PLG3: Critical Thinking and Problem Solving
    • PLO3.1: Explain the diverse facets of an economic problem based on appropriate assumptions, theories, and contextualized evidence.
    • PLO3.2: Suggest policy solutions based on evidence gathered through research and data analysis.
  • PLG 4: Effective Teamwork and Communication Skills
    • PLO4.1: Deliver effective oral presentations to different audiences using appropriate media.
    • PLO4. 2: Produce well-structured written communications to different audiences using appropriate media.
    • PLO4.3: Collaborate effectively and inclusively in teams.
  • PLG 5: Ethical Behavior and Social Responsibility
    • PLO5.1: Analyze ethical dilemmas and social responsibility issues involved in mainstream and contemporary economic models and policies.

  • The Degrees we offer

    Degree Years Total Credits
    BS in Economics Bacc + 3 94 Credits


    The Department of Economics within its bachelor’s degree (BS) offers tracks in Business, Finance, Political Science, and Quantitative Techniques.

    Track Total Credits
    Business 9 to 15 Credits
    Finance 9 to 15 Credits
    Political Science 9 to 15 Credits
    Quantitative Techniques 9 to 15 Credits

    For more information about the B.S. in Economics degree, please click here.