by our College Data Analytics TeamThe main focus area for this major is Econometrics & Quantitative Economics. For more details on this concentration, visit its profile page.
Economics is a major offered under the social sciences program of study at University of Chicago. We’ve gathered data and other essential information about the bachelor’s degree program in economics, such as diversity of students, how many students graduated in recent times, and more.
You can jump to any section of this page using the links below:
Each year, we produce a number of different types of college rankings to help students decide which school is the best fit for them. Ranked at #2 in College Factual's most recent rankings, UChicago is in the top 1% of the country for economics students pursuing a bachelor's degree. It is also ranked #1 in Illinois.
Here are some of the other rankings for UChicago.
In 2019-2020, the average part-time undergraduate tuition at UChicago was $1,921 per credit hour for both in-state and out-of-state students. The average full-time tuition and fees for undergraduates are shown in the table below.
| In State | Out of State | |
|---|---|---|
| Tuition | $57,642 | $57,642 |
| Fees | $1,656 | $1,656 |
| Books and Supplies | $1,800 | $1,800 |
| On Campus Room and Board | $17,004 | $17,004 |
| On Campus Other Expenses | $2,175 | $2,175 |
Learn more about UChicago 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. Economics students who received their bachelor’s degree at UChicago took out an average of $17,000 in student loans. That is 20% lower than the national average of $21,243.
economics who receive their bachelor’s degree from UChicago make an average of $83,647 a year during the early days of their career. That is 79% higher than the national average of $46,790.
Online degrees for the UChicago 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 UChicago Online Learning page.
Of the students who received their bachelor’s degree in economics in 2019-2020, 36.4% of them were women. This is higher than the nationwide number of 33.7%.
Racial-ethnic minority graduates* made up 40.7% of the economics bachelor’s degrees at UChicago in 2019-2020. This is higher than the nationwide number of 30%.
| Race/Ethnicity | Number of Students |
|---|---|
| Asian | 111 |
| Black or African American | 13 |
| Hispanic or Latino | 33 |
| Native American or Alaska Native | 0 |
| Native Hawaiian or Pacific Islander | 0 |
| White | 137 |
| International Students | 103 |
| Other Races/Ethnicities | 26 |
Economics students may decide to major in one of the following focus areas.
| Focus Area | Annual Graduates |
|---|---|
| Econometrics & Quantitative Economics | 423 |
You may also be interested in one of these majors related to economics.
| Related Major | Annual Graduates |
|---|---|
| Anthropology | 20 |
| Geography & Cartography | 4 |
| International Relations & National Security | 17 |
| Political Science & Government | 106 |
| Sociology | 31 |
*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.