Minor in Economics

Hours: 21 On-Campus Online

About

The Minor in Economics at Fort Hays State University provides students with a solid foundation in both microeconomics and macroeconomics. The curriculum combines core and advanced coursework, allowing students to tailor their studies through electives in areas such as intermediate economics, financial markets, international economics, or finance, and quantitative methods.

Students also gain exposure to applied econometrics and intermediate-level economic analysis, developing analytical and quantitative skills that are valuable across a range of careers and academic paths.

Why pursue a Minor in Economics at Fort Hays State University?

A key strength of the Minor in Economics is its rigorous curriculum, which is well-regarded by employers who actively seek out the program’s graduates. Coupled with FHSU’s affordable undergraduate tuition, this minor offers exceptional value and is recognized as one of the state’s most respected options in the field.

Another distinguishing feature is the small class sizes in major courses, all of which are taught by full-time, academically qualified faculty. This structure fosters direct interaction between students and professors, enhancing the overall learning experience.

Who is this program for?

Our Minor in Economics is open to students of all majors and offers broad applicability across a range of career paths. By covering diverse economic topics, the program enhances analytical and decision-making skills valuable in many fields. It is especially beneficial for the following groups:

Students interested in pursuing a career in economics, finance, or related fields
Individuals who want to gain a better understanding of the economy and how it works
People aiming to become more financially literate
Individuals trying to develop their critical thinking and analytical skills
Business and finance enthusiasts

Learning Outcomes

The Minor in Economics provides students with a solid understanding of core economic principles and their practical applications. Completing the minor enhances employability and expands career opportunities across multiple industries. The key learning outcomes include:

Develop a Strong Foundation in Economic Principles

The program offers a solid grounding in both microeconomics and macroeconomics. Students gain insight into how markets function, how government policies influence economic outcomes, and what drives economic growth and development.

Acquire Quantitative Skills for Economic Analysis

The program emphasizes the development of quantitative skills essential for economic analysis. Students learn to apply statistical methods, econometrics, and other analytical tools to interpret data and support informed decision-making, preparing them for careers in finance, banking, consulting, government, and related fields.

Gain Knowledge of Economic Systems and Policies

Through elective courses in areas such as intermediate economics, financial markets, international economics, or finance, and quantitative methods, students gain a deeper understanding of economic systems and policies. This knowledge helps them better analyze the global economy and the impact of economic forces on everyday life.

Enhancement of Critical Thinking and Problem-Solving Skills

The program challenges students to think critically and solve issues effectively. It encourages the development of economic models and theories, guiding students to apply economic concepts to real-world challenges.

Real-World Applications

Having transferable skills is vital across industries. The Minor in Economics equips students with a broad range of practical economic skills that apply to diverse career paths. The curriculum emphasizes analytical training, giving graduates a clear advantage with versatile skills that enhance their competitiveness in the job market.

Stay Ahead of the Curve

As the economic landscape evolves, the Minor in Economics remains dedicated to delivering a comprehensive understanding of economic theory. It aims to keep students at the forefront of the latest advancements and trends, ensuring they acquire the necessary skills and knowledge. To maintain a current and relevant curriculum, faculty regularly attend conferences and publish research in leading economics journals. This ongoing commitment ensures students are exposed to the newest insights and developments in the field.

Hands-on Activities

Our Minor in Economics offers various activities that provide students with real-world experience in the field. These opportunities help students develop critical thinking, problem-solving, and communication skills while preparing them for their careers.

Students can engage in research by joining the Economics Club or completing a quantitative methods course as part of their minor. The research course enables students to undertake independent projects under faculty supervision. The Economics Club, a student organization, offers chances to explore current economic issues and network with peers and professionals in the field.

What You’ll Learn:

Understand the principles of microeconomics and macroeconomics
Develop a strong foundation in economic theory and its applications
Acquire transferable skills that are valued in various industries
Gain a comprehensive understanding of economic theory and stay current with industry trends

How You’ll Learn:

Gain a strong foundation in economics through primary and advanced courses
Engage with experienced faculty in smaller class sizes for personalized interactions
Participate in hands-on research activities to gain real-world experience
Participate in the Economics Club to network with peers and professionals

Courses

The curriculum, thoughtfully designed by the Department of Economics, Finance, and Accounting, ensures students acquire the essential skills and knowledge needed for success in the field. Those who build a solid foundation in economic principles graduate with a thorough and well-rounded understanding of the subject.

ECON 301: Intermediate Microeconomics

This course is an intermediate-level study of the theory of household and firm behavior. A study of how the market system organizes economic activity and an evaluation of its performance.

ECON 302: Intermediate Macroeconomics

This course is an intermediate-level study of theories of aggregate consumption, investment, net export, and government expenditures; determination of national output, employment, price level, interest, and exchange rates; derivation of aggregate demand and supply; implications of classical, Keynesian, supply-driven, rational expectations and real business cycle models; examination of the empirical evidence.

ECON 640: Money and Banking

This course is an examination of the institutional setting which facilitates the creation and transfer of money between individuals, firms, and governments, how the supply and demand for money affect and are affected by national output, employment, prices, interest, and exchange rates; derivation of aggregate demand using Hicks' IS-LM model; theories and evidence of fiscal and monetary policy effectiveness in an open economy.

Discover the full Minor in Economics course listing by visiting the Academic Catalog.

Career Prospects

The Minor in Economics offers a complementary area of specialization alongside a student’s primary field of study, demonstrating to employers that the student has gone beyond the basic requirements of their major by completing an additional program.

Financial Analyst

Financial analysts evaluate financial data, identify trends, and provide recommendations to help businesses and investors improve financial performance.

Market Researcher

Market researchers collect and analyze data on consumer behavior and market trends, using surveys, focus groups, and sales data to identify opportunities and shape marketing strategies.

Economic Policy Analyst

Economic policy analysts in government and nonprofit organizations research issues, analyze data, and recommend policies to support economic growth and stability.

Business Analyst

Business analysts evaluate processes, identify improvements, and recommend solutions by collaborating with stakeholders to translate needs into actionable strategies.

Data Scientist

Data science extracts insights from large datasets using statistics and machine learning. Data scientists build models, analyze trends, and make predictions to guide business decisions.

The Best Value in Higher Education Anywhere

Fort Hays State University prides itself on quality education at an affordable price. Students in this program can expect to pay approximately $3,055.95* (on-campus) or $3,975.75* (online) per semester.

*Estimated cost based on 15 credit hours at the Undergrad resident/regional tuition rate ($203.73/credit hour) for on-campus courses, or the FHSU Online Undergrad tuition rate (265.05/credit hour) for online courses. Actual price may vary depending on course load and location. Tuition and Fees are subject to change as they are approved by the Kansas Board of Regents each year.

Ready for the next step?

Our faculty would be excited to talk to you about how our department programs can help you explore your interests and prepare you for a variety of rewarding careers.

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Related Programs

FAQ

Can you get a Minor in Economics at FHSU?

Yes, Fort Hays State University offers a Minor in Economics.

Is a Minor in Economics useful?

A Minor in Economics can be a valuable addition to your resume. It can help you develop skills needed for a variety of careers.

Is a Minor in Economics worth it?

Whether or not a Minor in Economics is worth it depends on your individual goals and career aspirations. If you are interested in a career in economics or a related field, then a minor can be a valuable asset.

What jobs can you get with a Minor in Economics?

There are several jobs that you can get with a Minor in Economics. Some of the most common jobs include financial analyst, business analyst, or market researcher.

How many hours do you need to complete the program?

It takes 21 credit hours to acquire the minor.

Information about the Department of Economics, Finance, and Accounting

FHSU’s Department of Economics, Finance, and Accounting provides expertise in effectively and ethically managing money in both public and private sectors for a highly versatile, in-demand career path. Our department provides highly sought-after degrees in accounting, finance, and international business and economics. These programs are backed by career-centered internship opportunities, in-depth mentoring by faculty and staff, and flexible online degrees. Our programs prepare students for in-demand jobs, with courses that span the entire business landscape. The Robbins Banking Institute further enhances career preparation in the area of banking, offering a practical, real-time curriculum for rewarding careers. Our faculty, who are experts in their field and student-focused, support students to maximize individual growth.

Student Organizations

While earning your degree is your primary goal, college offers much more than just attending classes. Get involved in extracurricular activities that help you develop leadership skills, learn more about your chosen career, and make a difference in your community.

Accounting Club: This club offers a valuable opportunity for accounting students to connect with peers and prepare for their future careers. It aims to help members explore the various opportunities available in the field of accounting and introduce them to potential employers. Meetings frequently feature guest speakers who hold accounting degrees and are actively working in the profession.
Student Chapter of the Association of Certified Fraud Examiners: The ACFE organization brings together students from many disciplines to promote the detection and prevention of fraud in business.
Economics Club: The FHSU Economics Club is available to all students regardless of their major or knowledge of economics with the goal of promoting the study of and interest in economics. The signature activity of the club is to create a “Student Price Index” through a collaborative research project on FHSU student economic expectations. The club members typically take a trip to a major city in the U.S. every year.
Finance Club: The FHSU Finance Club strives to assist in the professional, educational, and social development of college students interested in finance. The club also encourages interaction between the business sector, faculty, and students at FHSU. As part of club operations, they bring in speakers and take trips around the U.S. to learn more about the finance field.
International Business Club: This club strives to improve students’ awareness and understanding of global business practices and economic issues. These issues are explored from diverse perspectives. Ultimately, the club aims to develop global citizen-leaders by enhancing students’ professional, educational, and social development through its discussions, activities, and international travel experiences.

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