Alabama · Economics Rankings · 2027

Best Economics Programs in Alabama for 2027

The cheapest bachelor’s in Alabama is Auburn University at Montgomery at $9,700 for residents, but only 33% of its students finish in six years, compared with 82% at Auburn and 73% at the University of Alabama. Alabama is also the larger program, with 94 degrees in 2023-24 to Auburn’s 35. Auburn is where you would stay for an economics master’s, and both flagships run research doctorates.

Posted October 22, 2026Updated October 22, 20264 Schools Ranked
Aerial view of downtown Birmingham, Alabama and the surrounding city grid in daylight
Photo: K / Pexels

Economics Bachelor’s Degree Programs in Alabama

4 schools in Alabama awarded economics bachelor’s degrees in 2023–24, scored against 670 bachelor’s programs nationwide.

  1. 1

    The University of Alabama

    Economics BA and BS

    Tuscaloosa Public

    66.2 Comparison Score

    Alabama houses economics in two colleges. The BA in Arts and Sciences has a Standard Track and a Quantitative Economics Track, the latter adding Calculus I through III and a forecasting course, econometrics and policy evaluation methods, and it also requires a minor or second major. The BS in the Culverhouse College of Business asks you to pick a concentration, a second major or an approved minor. Its Econometrics and Quantitative Economics concentration takes econometrics plus two courses such as behavioral economics, sports economics, financial econometrics, game theory or experimental economics, while the Economic Policy concentration lets you aim at law, trade, health or labor.

    BA Tracks
    Standard Track or Quantitative Economics Track
    BS Concentrations
    Econometrics and Quantitative Economics; Economic Policy
    Quantitative Electives
    Behavioral, sports and financial econometrics, game theory and experimental economics

    Program Sources: Economics, BA | University of Alabama CatalogEconomics, BS | University of Alabama Catalog

    Bachelor’s Degrees Awarded
    94
    Economics, 2023–24
    School Six-Year Graduation Rate
    73%
    6,628 first-time, full-time students
    In-State Tuition + Fees
    $12,180
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $34,172
    Undergraduate, schoolwide, 2024–25
  2. 2

    Auburn University

    Economics Bachelor of Science

    Auburn Public

    63.3 Comparison Score

    Auburn awards one economics degree, a Bachelor of Science in the College of Liberal Arts, with two tracks. The primary track requires a minor outside economics, which suits students who want to pair economics with another discipline. The quantitative track is for students pursuing graduate education in economics and adds mathematics and statistics courses; the department's course list includes Mathematical Methods for Economists and a four-credit Econometrics I with a lab. Electives range from law and economics, sports and public choice to American economic history, industrial organization and international economics. An honors thesis, internships and a 15-hour economics minor for other majors round out the options.

    Tracks
    Primary track with outside minor; quantitative track for graduate study
    Quantitative Courses
    Mathematical Methods for Economists and four-credit Econometrics I
    Elective Range
    Law and economics, sports, public choice and economic history

    Program Sources: Undergraduate Program | Department of Economics | Auburn University

    Bachelor’s Degrees Awarded
    35
    Economics, 2023–24
    School Six-Year Graduation Rate
    82%
    4,732 first-time, full-time students
    Median Graduate Earnings
    $72,617
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $12,890
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $34,922
    Undergraduate, schoolwide, 2024–25
  3. 3

    Jacksonville State University

    Business Economics BS and Economics BA

    Jacksonville Public

    32.7 Comparison Score

    Jacksonville State offers two ways to study economics. The Bachelor of Science in Business Economics sits in the College of Business and Industry with business communications, operations and supply chain, business finance, money and banking, intermediate macroeconomics and econometrics, and it ends with a policy capstone and a Senior Seminar in Economics. The Bachelor of Arts in Economics with an Approved Minor swaps part of that business load for an approved minor of your choosing. Both carry a writing-intensive economics seminar, and a business economics minor is available for other majors.

    Degree Choices
    BS Business Economics or BA Economics with an approved minor
    Senior Requirement
    Senior Seminar in Economics (writing intensive)
    Quantitative Courses
    Econometrics and two statistics and quantitative methods courses

    Program Sources: Business Economics (Bachelor of Science) | JSU Catalog

    Bachelor’s Degrees Awarded
    2
    Economics, 2023–24
    School Six-Year Graduation Rate
    55%
    1,060 first-time, full-time students
    In-State Tuition + Fees
    $12,894
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $23,334
    Undergraduate, schoolwide, 2024–25
  4. 4

    Auburn University at Montgomery

    Bachelor of Science in Economics

    Montgomery Public

    27.0 Comparison Score

    Auburn University at Montgomery lets you concentrate its Bachelor of Science in Economics in General Economics, International Economics and Commerce, or Political Economy. The concentrations share university core, business classes and some economics courses, then diverge in the third and fourth years. AUM describes itself as the only institution in the Montgomery and River Region offering a bachelor's in economics and a master's in applied economics. The department awards at least $13,000 in scholarships each year, and study abroad has taken students to the Frankfurt, Spanish and London stock exchanges, the European Central Bank and the Bank of England.

    Concentrations
    General Economics; International Economics and Commerce; Political Economy
    Study Abroad
    Frankfurt, Spanish and London stock exchanges and the Bank of England
    Scholarships
    At least $13,000 awarded each year by the department

    Program Sources: Political Economy | Auburn University at Montgomery

    Bachelor’s Degrees Awarded
    2
    Economics, 2023–24
    School Six-Year Graduation Rate
    33%
    730 first-time, full-time students
    In-State Tuition + Fees
    $9,700
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $20,668
    Undergraduate, schoolwide, 2024–25

Economics Master’s Programs in Alabama

1 school in Alabama has a separately admitting master’s route confirmed on an official school page and reported economics master’s degrees in 2023–24, scored against 214 master’s programs nationwide. You can apply to these master’s programs without entering a Ph.D. program.

  1. 1

    Auburn University

    Economics MS

    Auburn Public

    56.6 Comparison Score

    Auburn's MS is a 30-credit program front-loaded with theory: Microeconomic Theory I and II, Macroeconomic Theory I and II, Econometrics I and II and Mathematical Economics in the first two semesters, then Microeconometrics, Macroeconometrics and one field course in the third. Comprehensive exams come early, in micro and macroeconomic theory the first summer and in econometrics the following winter. A 3.0 GPA must be maintained. Because the course sequence mirrors the first-year doctoral work, the degree works well as a stepping stone to a PhD or as rigorous quantitative training for an analyst career.

    Credit Requirement
    30 credit hours over three semesters
    Comprehensive Exams
    Micro and macro theory in the first summer; econometrics the next winter
    Econometrics Sequence
    Econometrics I and II, Microeconometrics and Macroeconometrics

    Program Sources: MS in Economics | Department of Economics | Auburn University

    Master’s Degrees Awarded
    5
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $12,890
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $33,986
    Graduate, schoolwide, 2024–25

Economics PhD Programs in Alabama

2 schools in Alabama awarded research doctorates in economics in 2023–24. Doctoral scores leave out tuition because funding offers, not sticker price, decide the real cost.

  1. 1

    Auburn University

    Applied Economics PhD

    Auburn Public

    60.4 Comparison Score

    Auburn's doctorate asks for at least 60 credit hours and a dissertation made of three original research articles that could be published in peer-reviewed economics journals. Students take micro and macro theory, mathematical economics and econometrics in year one, pass micro and macro preliminary exams the first summer, then complete four field courses in two fields of specialization. Each chapter is presented in the department's brown bag seminar series: the first before the fourth year, the second during year four, the third during year five. A candidacy exam, the proposal defense, comes before year four, and the academic job market begins in the fifth fall.

    Dissertation Format
    Three original research articles presented in brown bag seminars
    Preliminary Exams
    Micro and macro prelims in the first summer
    Fields
    Two fields of specialization with four field courses

    Program Sources: PhD in Economics | Department of Economics | Auburn University

    Doctoral Degrees Awarded
    6
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $12,890
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $33,986
    Graduate, schoolwide, 2024–25
  2. 2

    The University of Alabama

    Quantitative Economics, Ph.D.

    Tuscaloosa Public

    39.3 Comparison Score

    Alabama's quantitative economics doctorate starts three weeks before fall classes with Advanced Mathematical Economics, then runs a first-year sequence of microeconomic and macroeconomic theory, econometrics, game theory and a second econometrics seminar. Field work comes in two groups: two tool courses such as financial econometric modeling, nonparametric econometrics, experimental economics or causal inference, and two topic courses ranging from industrial organization to behavioral, urban, public and environmental economics. Applicants need a GRE with a quantitative score of at least 160, and those receiving assistantships follow the course sequence as listed. Full funding consideration requires applying by January 15.

    Tool Courses
    Two from financial econometrics, nonparametric econometrics, experimental economics, causal inference
    Topic Courses
    Two from industrial organization, behavioral, urban, public or environmental economics
    Admission Test
    GRE quantitative score of at least 160

    Program Sources: Quantitative Economics, Ph.D. | University of Alabama Catalog

    Doctoral Degrees Awarded
    1
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $11,980
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $33,972
    Graduate, schoolwide, 2024–25

Economics Programs in Alabama at a Glance

Ranked Schools
4
4 public, 0 private
Bachelor’s Programs
4
133 degrees in 2023–24
Master’s Programs
1
5 degrees in 2023–24
Doctoral Programs
2
7 degrees in 2023–24
Lowest In-State Tuition
$9,700
Bachelor’s list, schoolwide, 2024–25

How We Rank Economics Programs in Alabama

Each program gets the same comparison score it earns in our national economics model, calculated against the nationwide group that meets the numeric and directory criteria. We then order Alabama’s eligible programs by that score within each degree level. We feature up to 10 programs, taking the next highest-ranked program from each degree-level list in turn. Scores are compared only within the same degree level. Bachelor’s lists weigh graduation rate (20%), published tuition (20%), graduate earnings (20%), program reputation (25%), and degrees awarded (15%). Master’s lists weigh graduate tuition (25%), research activity (25%), program reputation (30%), and master’s degrees awarded (20%). Doctoral lists weigh research activity (35%), program reputation (35%), and doctoral degrees awarded (30%). Master’s lists require an official school source confirming a separately admitting master’s route. How these scores work.

Best Economics Schools in Alabama by Goal

These picks compare only the programs featured in the lists above.

Lowest In-State Tuition for a Bachelor’s

Auburn University at Montgomery

$9,700 in annual undergraduate tuition and required fees for state residents (2024–25), the lowest among the 4 bachelor’s programs shown here.

Most Economics Bachelor’s Graduates

The University of Alabama

94 economics bachelor’s degrees awarded in 2023–24, the most of any school on this list.

Highest Schoolwide Graduation Rate

Auburn University

82% of first-time, full-time students at the school finished a bachelor’s within six years. This is a schoolwide rate, not a economics-only rate.

Graduate Study at an R1 University

Auburn University

Carries the Carnegie 2025 Research 1 designation for very high research spending and doctorate production.

Top-Scoring Economics Doctorate

Auburn University

6 research doctorates awarded in 2023–24; ranked first of 2 doctoral programs shown here.

Bachelor’s and Master’s at One School

Auburn University

Awarded economics degrees at both levels in 2023–24, so you can compare the undergraduate major and a later master’s in one department.

Compare Economics Programs in Alabama by Degree Level

Program size separates the two leaders more than score does. The University of Alabama awarded 94 economics bachelor’s degrees in 2023–24 to Auburn’s 35, but Auburn ranks first, 71.2 to 69.0, and has the higher schoolwide graduation rate, 82% to 73%. Jacksonville State and Auburn University at Montgomery each awarded 2. AUM is the least expensive for residents at $9,700 in schoolwide tuition and fees for 2024–25, and its schoolwide graduation rate is 33%. Its bachelor’s awards are reported under econometrics and quantitative economics rather than general economics.

Auburn leads the doctorate list with 6 awards to the University of Alabama’s 1, and both are Research 1 schools. The state median wage for economists was $129,960 in May 2025, above the US median, though state employment in the occupation is only 40.

Auburn University in Auburn is the ranked economics master’s option with confirmed separate admission. Its program page describes the degree as Master of Science in Economics. The school reported 5 economics master’s degrees in 2023–24. Schoolwide graduate tuition and required fees for residents were $12,890 in 2024–25. Compare the program’s required courses and admission requirements with your planned work or further study.

Economics Careers and Pay in Alabama

These are BLS median annual wages for Alabama and the United States from the May 2025 Occupational Employment and Wage Statistics survey. A median is the midpoint among workers in the occupation, from new hires to senior staff, so it is not a starting salary for a new graduate. The 10th–90th percentile range shows what the middle 80% of workers earn in the state.

Annual wages in Alabama compared with the United States
OccupationAlabama MedianAlabama 10th–90th PercentileU.S. MedianAlabama Jobs
Economist Pay in Alabama BLS: Economists$129,960$74,520–$175,170$124,72040
Market Research Analyst Wages in Alabama BLS: Market Research Analysts and Marketing Specialists$59,530$36,100–$114,010$78,7608,390

Source: BLS Occupational Employment and Wage Statistics, May 2025. Wage data does not enter the program scores.

Economics Programs in Alabama: Common Questions

How Many Schools in Alabama Appear in These Economics Rankings?

4 schools in Alabama appear in the lists shown here (4 bachelor’s, 1 master’s, 2 research doctorate programs). A school can appear at more than one degree level. The degree counts come from federal IPEDS completions for 2023–24.

Which Economics Bachelor’s Program in Alabama Has the Lowest Tuition?

Auburn University at Montgomery lists $9,700 in annual undergraduate tuition and required fees for state residents in 2024–25, the lowest among the bachelor’s programs shown here. That is a schoolwide figure before aid, so check the program’s own costs and any fees for fieldwork or labs.

Which Schools in Alabama Reported Economics Research Doctorates in 2023–24?

The federal IPEDS completions file records economics research doctorates awarded in 2023–24 at Auburn University (6 degrees), The University of Alabama (1 degree). These are historical award counts. Check current admissions, advisor availability, and funding directly with each department.

Which Alabama Economics Master’s Programs Have Separate Admission?

Auburn University in Auburn is the ranked economics master’s option with confirmed separate admission. Its program page describes the degree as Master of Science in Economics. The school reported 5 economics master’s degrees in 2023–24. Schoolwide graduate tuition and required fees for residents were $12,890 in 2024–25. Compare the program’s required courses and admission requirements with your planned work or further study.

Where Can I Compare Economics Research Doctorates in Alabama?

Auburn University ranks first among 2 economics research doctorate programs on the Alabama list. It reported 6 research doctorates in 2023–24. The University of Alabama also appears on the list. Read the doctoral program’s research areas and advisor information before you apply. Degree awards describe past graduates, not the size of the next entering cohort.

Sources

  1. IPEDS C2024_A completions: first-major degrees awarded by field and level, 2023–24.
  2. IPEDS COST1_2024: tuition and required fees, 2024–25.
  3. IPEDS DRVGR2024: schoolwide graduation rates.
  4. Carnegie 2025 Research Activity Designations.
  5. BLS Occupational Employment and Wage Statistics, May 2025 state estimates.
  6. SocialSciences.org ranking methodology.
Keep Reading

More From SocialSciences.org