Tennessee · Economics Rankings · 2027

Best Economics Programs in Tennessee for 2027

Vanderbilt graduated 229 economics majors at $67,498, and the University of Tennessee, Knoxville graduated 33 at $13,812. Middle Tennessee State, a Research 2 university, awarded 17 doctorates, more than Vanderbilt’s 13, and has the master’s. The University of Memphis is the price pick for students from out of state, charging nonresidents $15,384, and Sewanee awarded 50 bachelor’s degrees.

Posted October 22, 2026Updated October 22, 20267 Schools Ranked
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Economics Bachelor’s Degree Programs in Tennessee

6 schools in Tennessee awarded economics bachelor’s degrees in 2023–24, scored against 670 bachelor’s programs nationwide. This section shows the top 6 of 13 eligible programs at this level.

  1. 1

    Vanderbilt University

    Economics BS

    Nashville Private nonprofit

    77.9 Comparison Score No. 18 Nationally

    Vanderbilt's economics major is a 33-hour Bachelor of Science anchored by a statistics requirement and a three-course theory core: intermediate microeconomics, intermediate macroeconomics and econometrics. Nine hours of upper-level electives sit on top of that, so you can steer toward the fields that interest you most. A 45-hour joint major with History adds an economic history concentration, and a political economy minor is shared with Political Science. Students with a thesis idea can apply for honors during junior year, which leads to a senior-year seminar, a written thesis and an oral defense.

    Core Sequence
    Statistics, intermediate micro and macro, and a required econometrics course
    Honors Track
    Junior-year application, honors seminar, 6 thesis hours and an oral defense
    Joint Options
    Economics and History major; Political Economy minor with Political Science

    Program Sources: Majors and Minors | Department of Economics | Vanderbilt UniversityHonors | Department of Economics | Vanderbilt University

    Bachelor’s Degrees Awarded
    229
    Economics, 2023–24
    School Six-Year Graduation Rate
    94%
    1,594 first-time, full-time students
    Median Graduate Earnings
    $140,337
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $67,498
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $67,498
    Undergraduate, schoolwide, 2024–25
  2. 2

    University of Tennessee, Knoxville

    Economics BA and BSBA

    Knoxville Public

    59.1 Comparison Score

    Tennessee lets you earn the economics major through the College of Arts and Sciences as a BA or through the Haslam College of Business as a BSBA, and either route requires only four economics courses: intro micro, intro macro, intermediate micro and intermediate macro. After that you choose a lane. The BA offers business economics, econometrics and data analysis, economic policy and honors concentrations, while the business degree adds options such as business analytics and international business. Strong students can finish a bachelor's and a master's in five years through the 4+1 program shared by the economics and finance departments.

    BA Concentrations
    Business economics, econometrics and data analysis, economic policy, honors
    Required Economics Courses
    Intro and intermediate micro and macro, then 30 upper-division hours (BA)
    Accelerated Option
    Five-year bachelor's plus master's in economics

    Program Sources: Economics Undergraduate - Haslam College of BusinessEconomics Undergraduate - Haslam College of Business

    Bachelor’s Degrees Awarded
    33
    Economics, 2023–24
    School Six-Year Graduation Rate
    74%
    5,199 first-time, full-time students
    Median Graduate Earnings
    $67,902
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $13,812
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $33,256
    Undergraduate, schoolwide, 2024–25
  3. 3

    The University of the South

    Economics Major

    Sewanee Private nonprofit

    56.4 Comparison Score

    Sewanee's 40-hour economics major teaches econometrics from the start: Principles of Economics, Principles of Econometrics and a calculus course come first, followed by micro theory, macro theory and Applied Econometrics, all of which must be taken at Sewanee. Seniors enroll in a spring Research Seminar that counts as the major's writing-intensive requirement. Every major writes an original thesis and passes a written comprehensive exam. Departmental honors ask for a 3.33 GPA in major coursework and a thesis proposal in the Easter semester of junior year.

    Statistics Early
    Principles of Econometrics and Applied Econometrics in the required core
    Senior Requirements
    Research Seminar, original thesis and a written comprehensive exam
    Honors Standard
    3.33 GPA in major coursework plus a distinguished thesis

    Program Sources: Economics < Sewanee | University of the SouthEconomics < Sewanee | University of the South

    Bachelor’s Degrees Awarded
    50
    Economics, 2023–24
    School Six-Year Graduation Rate
    80%
    475 first-time, full-time students
    Median Graduate Earnings
    $87,762
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $56,120
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $56,120
    Undergraduate, schoolwide, 2024–25
  4. 4

    Rhodes College

    Economics Major

    Memphis Private nonprofit

    53.0 Comparison Score

    Rhodes asks economics majors for 48 credits: a fixed core of Economics 100, 201, 202 and 290, twenty more credits in economics, a calculus course, and Economics 420 and 486 near the end. Students who are weighing graduate school are pointed toward the interdisciplinary Mathematics and Economics major, and joint majors pair economics with business, international studies or philosophy and politics. The honors route swaps the senior seminar for Economics 495-496, a substantial research paper and an oral examination, which gives you a finished piece of original work to show for it.

    Credit Load
    48 credits including a calculus course
    Joint Majors
    Business, International Studies, Mathematics, and Philosophy, Politics and Economics
    Honors Route
    Economics 495-496 with a research paper and oral examination

    Program Sources: Requirements for a Major in Economics | Rhodes CatalogueHonors in Economics | Rhodes Catalogue

    Bachelor’s Degrees Awarded
    18
    Economics, 2023–24
    School Six-Year Graduation Rate
    85%
    543 first-time, full-time students
    Median Graduate Earnings
    $82,950
    Economics bachelor’s graduates, College Scorecard
    In-State Tuition + Fees
    $57,110
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $57,110
    Undergraduate, schoolwide, 2024–25
  5. 5

    University of Memphis

    Economics BA

    Memphis Public

    47.4 Comparison Score

    Memphis builds its Bachelor of Arts in Economics around a 30-hour major in the Fogelman College of Business and Economics: four core theory courses in intro and intermediate micro and macro, plus 18 upper-division hours chosen with a department advisor. That leaves a lot of room for electives within the 120-hour degree, which suits students pairing economics with a second field. A separate honors degree rewards a 3.5 economics GPA at graduation and honors contracts in the intermediate theory courses, and the diploma carries the designation With Honors in Economics.

    Major Size
    30 hours: four core theory courses and 18 upper-division economics hours
    Honors Degree
    Honors contracts in intermediate micro and macro, 3.5 economics GPA at graduation
    Degree Length
    120 total hours with room for electives

    Program Sources: Program: Economics, (B.A.) - University of MemphisProgram: Economics, (B.A.) - University of Memphis

    Bachelor’s Degrees Awarded
    9
    Economics, 2023–24
    School Six-Year Graduation Rate
    51%
    2,425 first-time, full-time students
    In-State Tuition + Fees
    $10,728
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $15,384
    Undergraduate, schoolwide, 2024–25
  6. 6

    Tennessee Technological University

    Economics Major

    Cookeville Public

    45.7 Comparison Score

    Tennessee Tech's economics program sits in the College of Business and carries a STEM designation, which the department describes as the only one of its kind among the state's undergraduate economics programs. The curriculum leans on forecasting, policy evaluation and quantitative methods. Students design and run experiments in the College of Business Behavioral Research Lab, manage real portfolios in the TVA Investment Challenge, and can pursue summer research grants with faculty. A student-run podcast, the Society for the Advancement of Finance and Economics and the Omicron Delta Epsilon honor society give the program a lively community around the coursework.

    STEM Designation
    Quantitative methods, forecasting and policy evaluation
    Hands-On Work
    Behavioral Research Lab experiments and the TVA Investment Challenge
    Student Groups
    SAFE, Omicron Delta Epsilon and a student-hosted podcast

    Program Sources: College of Business - EconomicsCollege of Business - Economics

    Bachelor’s Degrees Awarded
    7
    Economics, 2023–24
    School Six-Year Graduation Rate
    58%
    1,871 first-time, full-time students
    In-State Tuition + Fees
    $11,376
    Undergraduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $15,576
    Undergraduate, schoolwide, 2024–25

Economics Master’s Programs in Tennessee

1 school in Tennessee 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. This section shows the top 1 of 1 eligible programs at this level.

  1. 1

    Middle Tennessee State University

    Economics MA

    Murfreesboro Public

    58.7 Comparison Score

    MTSU's Master of Arts in Economics comes from the Jones College of Business and focuses on decision analysis and applied research. You can finish in 30 semester hours with a thesis or 33 hours without one, so the research-heavy route and the coursework route are both open. Every candidate passes a written comprehensive examination, which may be attempted no more than twice and covers three core areas: macroeconomics, microeconomics and econometrics. The program is taught on the ground in Murfreesboro and aims graduates at business, government and analyst roles as well as teaching.

    Thesis Choice
    30 hours with a thesis or 33 hours without one
    Comprehensive Exam
    Written exam on macroeconomics, microeconomics and econometrics
    Format
    On ground, Jones College of Business

    Program Sources: Master's in Economics | Economics, M.A. | MTSU

    Master’s Degrees Awarded
    13
    Economics, 2023–24
    Research Designation
    R2
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $11,718
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $29,700
    Graduate, schoolwide, 2024–25

Economics PhD Programs in Tennessee

3 schools in Tennessee awarded research doctorates in economics in 2023–24. Doctoral scores leave out tuition because funding offers, not sticker price, decide the real cost. This section shows the top 3 of 3 eligible programs at this level.

  1. 1

    Vanderbilt University

    Economics PhD

    Nashville Private nonprofit

    85.2 Comparison Score

    Vanderbilt's economics doctorate starts with a first year of mandatory micro, macro, econometrics and economic history, ending in preliminary exams that can be retaken once. The second year is for field courses, with choices running from health economics and industrial organization to labor, public and international economics. In the third year you write a first independent research paper under a faculty mentor, due in the spring semester. A dissertation with a preliminary defense and a final defense follows, and students generally take five years to finish.

    First-Year Core
    Microeconomics, macroeconomics, econometrics and economic history
    Third-Year Paper
    Independent paper under a faculty mentor, due in the second semester
    Field Electives
    Health, labor, public, industrial organization, international and development economics

    Program Sources: Ph.D. Degree Requirements | Department of Economics | Vanderbilt University

    Doctoral Degrees Awarded
    13
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $57,868
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $57,868
    Graduate, schoolwide, 2024–25
  2. 2

    University of Tennessee, Knoxville

    Economics PhD

    Knoxville Public

    61.2 Comparison Score

    Knoxville's PhD in Economics does not require a prior master's degree, so a strong bachelor's graduate can enter directly. The degree is 72 graduate credit hours beyond the bachelor's or 48 beyond a master's, including 24 hours of dissertation research and a sequence in quantitative methods. Microeconomic and macroeconomic theory qualifying exams are given in the summer after the first year, and a student must pass them to stay in the program. A second-year research paper is due by the end of the fall of year three, and you choose two fields of specialization before defending the dissertation to the faculty.

    Entry Point
    No prior master's degree required for admission
    Credit Hours
    72 beyond a bachelor's or 48 beyond a master's, with 24 dissertation hours
    Milestones
    Summer theory exams, second-year research paper, two fields and a dissertation defense

    Program Sources: Program: Economics Major, PhD - University of Tennessee, Knoxville

    Doctoral Degrees Awarded
    6
    Economics, 2023–24
    Research Designation
    R1
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $15,972
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $34,760
    Graduate, schoolwide, 2024–25
  3. 3

    Middle Tennessee State University

    Economics PhD

    Murfreesboro Public

    57.2 Comparison Score

    MTSU's PhD in Economics is a 64 to 105 semester-hour degree taught on the ground in the Jones College of Business. It includes at least 51 hours of formal coursework and 13 hours of dissertation research, and an incoming student who already holds a master's in economics may count up to 12 hours toward the coursework. The first filter comes at the end of year one, when students must pass a Qualifying Examination in microeconomics and econometrics. Graduates are pointed toward faculty posts, the Federal Reserve, consulting firms and private banks.

    Credit Range
    64 to 105 hours, with 51 coursework and 13 dissertation hours minimum
    Qualifying Exam
    Microeconomics and econometrics at the end of year one
    Advanced Standing
    Up to 12 hours credited for a prior economics master's

    Program Sources: Economics, Ph.D. | MTSU

    Doctoral Degrees Awarded
    17
    Economics, 2023–24
    Research Designation
    R2
    Institution, Carnegie 2025
    In-State Tuition + Fees
    $11,718
    Graduate, schoolwide, 2024–25
    Out-of-State Tuition + Fees
    $29,700
    Graduate, schoolwide, 2024–25

Economics Programs in Tennessee at a Glance

Ranked Schools
7
4 public, 3 private
Bachelor’s Programs
6
346 degrees in 2023–24
Master’s Programs
1
13 degrees in 2023–24
Doctoral Programs
3
36 degrees in 2023–24
Lowest In-State Tuition
$10,728
Bachelor’s list, schoolwide, 2024–25

How We Rank Economics Programs in Tennessee

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 Tennessee’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. See the full ranking method.

Best Economics Schools in Tennessee by Goal

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

Lowest In-State Tuition for a Bachelor’s

University of Memphis

$10,728 in annual undergraduate tuition and required fees for state residents (2024–25), the lowest among the 6 bachelor’s programs shown here.

Most Economics Bachelor’s Graduates

Vanderbilt University

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

Top-Scoring Public University

University of Tennessee, Knoxville

The highest-scoring public school on the bachelor’s list (No. 2 overall), with a comparison score of 59.1.

Graduate Study at an R1 University

Vanderbilt University

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

Top-Scoring Economics Doctorate

Vanderbilt University

13 research doctorates awarded in 2023–24; ranked first of 3 doctoral programs shown here.

Statewide Context: Rank, Size, and Price in Tennessee Economics Degrees

This statewide overview includes all 17 eligible programs at 13 schools. Its totals, tuition comparisons, and ranks describe that wider group; the lists above feature 10 programs.

Thirteen Tennessee schools offer economics, and their ranked programs awarded 423 degrees in 2023–24. University of Tennessee, Knoxville ranks first for the bachelor’s, while Vanderbilt University leads for the doctorate.

Rank and size do not line up here. UT Knoxville ranks first but awarded 33 economics bachelor’s degrees in 2023–24. Vanderbilt, ranked second, awarded 229. The University of the South in Sewanee ranks third with 50. Price separates them too: $13,812 in-state at UT Knoxville, $67,498 at Vanderbilt, and $56,120 at Sewanee. Graduation rates are 74%, 94%, and 80%.

Vanderbilt ranks first for the doctorate with 13 awarded. A student aiming for a PhD should compare those three schools on price before anything else.

Middle Tennessee State University in Murfreesboro is the ranked economics master’s option with confirmed separate admission. Its program page describes the degree as Master of Arts in Economics. The school reported 13 economics master’s degrees in 2023–24. Schoolwide graduate tuition and required fees for residents were $11,718 in 2024–25. Compare the program’s required courses and admission requirements with your planned work or further study.

Economics Careers and Pay in Tennessee

These are BLS median annual wages for Tennessee 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 Tennessee compared with the United States
OccupationTennessee MedianTennessee 10th–90th PercentileU.S. MedianTennessee Jobs
Economist Pay in Tennessee BLS: Economists$117,650$83,610–$162,670$124,72080
Market Research Analyst Wages in Tennessee BLS: Market Research Analysts and Marketing Specialists$69,790$39,480–$134,740$78,76013,040
Survey Researcher Salary in Tennessee BLS: Survey Researchers$66,900$45,760–$97,380$69,460210

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

Economics Programs in Tennessee: Common Questions

How Many Schools in Tennessee Appear in These Economics Rankings?

7 schools in Tennessee appear in the lists shown here (6 bachelor’s, 1 master’s, 3 research doctorate programs). A school can appear at more than one degree level. The page features 10 programs selected from 17 eligible programs at 13 schools. The degree counts come from federal IPEDS completions for 2023–24.

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

University of Memphis lists $10,728 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 Tennessee Reported Economics Research Doctorates in 2023–24?

The federal IPEDS completions file records economics research doctorates awarded in 2023–24 at Vanderbilt University (13 degrees), University of Tennessee, Knoxville (6 degrees), Middle Tennessee State University (17 degrees). These are historical award counts. Check current admissions, advisor availability, and funding directly with each department.

Which Tennessee Economics Master’s Programs Have Separate Admission?

This statewide comparison covers all 17 eligible programs, including those outside the featured lists. Middle Tennessee State University in Murfreesboro is the ranked economics master’s option with confirmed separate admission. Its program page describes the degree as Master of Arts in Economics. The school reported 13 economics master’s degrees in 2023–24. Schoolwide graduate tuition and required fees for residents were $11,718 in 2024–25. Compare the program’s required courses and admission requirements with your planned work or further study.

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.
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