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Master of Business Administration with track in Economics

Enhance your leadership strengths to think critically and analyze data, as well as recognize economic impacts across all levels of consumer, business, government, and global management.

Apply by: 2/26/24
Start classes: 3/8/24

Program Overview

Explore the Longwood online MBA – Economics program

$13,361* In-State Tuition
As few as 10 months Program Duration
31 Credit Hours

The Longwood University online Master of Business Administration with track in Economics degree program gives you the tools to rise as a strategic leader who can make data-driven decisions that influence organizational success.

This 100% online MBA from the AACSB-accredited College of Business and Economics empowers you to earn a career-focused master’s degree without putting your life on pause. Taught by experienced faculty, the rigorous curriculum strengthens your ability to think critically and helps you integrate data analytics and macroeconomics into your management practices. Through group projects and interactive coursework, you will gain insight into business cycles, demand forecasting, fiscal and monetary policy, as well as economic indicators such as GDP, unemployment, and inflation.

You will also deepen your professional knowledge of managerial accounting, information technology, entrepreneurship, team building, negotiation and conflict resolution, and more. Our capstone course provides the opportunity to synthesize your learning and develop a holistic management perspective you can apply across the business spectrum.

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The College of Business and Economics at Longwood University is accredited by The Association to Advance Collegiate Schools of Business (AACSB International).

Graduates of the MBA - Economics track will:

  • Demonstrate the concept of comparative advantage and the role of international trade in economic growth
  • Compare and contrast key macroeconomic indicators for the United States with other major economies
  • Build a foundational understanding of economics, accounting, ethics, finance, IT, management, and marketing
  • Apply enhanced skills in quantitative analysis, trend analysis, data analysis, and reporting
  • Demonstrate the concept of comparative advantage and the role of international trade in economic growth
  • Compare and contrast key macroeconomic indicators for the United States with other major economies
  • Build a foundational understanding of economics, accounting, ethics, finance, IT, management, and marketing
  • Apply enhanced skills in quantitative analysis, trend analysis, data analysis, and reporting

Career opportunities

  • Pricing Analyst
  • Financial Analyst
  • Management Consultant
  • Economic Forecaster
  • Market Research Consultant
  • Data Analyst
  • Pricing Analyst
  • Financial Analyst
  • Management Consultant
  • Economic Forecaster
  • Market Research Consultant
  • Data Analyst

Have questions or need more information about online MBA?

Also available:

Looking for a different specialized track? Check out these other MBA programs.

Tuition

Invest in your future with our online MBA

The MBA – Economics track offers affordable, pay-by-the-course tuition. The application fee is $40. All other fees are included in the total cost.

Tuition breakdown:

$431 Per Credit Hour (Virginia students)
$13,361* Total Tuition (Virginia students)

Virginia students

Program Per Credit Hour Per 3-Credit-Hour Course Per Program
MBA - Economics track $431 $1,293 $13,361*

Out-of-state students

Program Per Credit Hour Per 3-Credit-Hour Course Per Program
MBA - Economics track $441 $1,323 $13,671*
Sarine Thomas - Longwood Testimonial

I definitely wanted to go to Longwood because I got to know the professors. It made it easier to connect with them and their teaching styles. Also, because it’s a small school, the courses are much more interactive. If you are emailing a professor, they will get back to you in two to three hours.

-Sarine Thomas, Longwood University MBA graduate

See more testimonials »

Calendar

View our upcoming enrollment dates and deadlines

The Longwood University online MBA is delivered in an accelerated format ideal for working professionals, conveniently featuring multiple start dates each year.

Now enrolling:

2/26/24 Next Application Deadline
3/8/24 Start Classes
7 Week CoursesApplication DeadlineDocument DeadlineRegistration DeadlineFirst Class DayFinal Tuition Deadline†Last Class Day
Spring II2/26/243/1/243/6/243/8/243/12/244/26/24
Summer I4/19/244/26/245/3/245/6/245/9/246/23/24
Summer II6/13/246/19/246/25/246/27/247/2/248/14/24
Fall I8/12/248/16/248/23/248/26/248/29/2410/13/24
Fall II10/7/2410/11/2410/18/2410/21/2410/24/2412/13/24

† Final tuition payment must be received by 3:00 p.m. EST on the final tuition due date.

Ready to take the next step toward earning your online MBA from Longwood University?

Admissions

See how simple it is to apply to our online MBA - Economics track

We've streamlined the admission process for the Longwood University online MBA to help you get started quickly and easily. Please read the requirements for the MBA – Economics track, including what additional materials you need and where you should send them.

The requirements include:

Bachelor's degree from an accredited college or university
Official transcripts
Professional resume verifying work experience

Applicants to the MBA – Economics track must meet at least one of the following combinations for admission.

  • Bachelor's degree from an accredited college or university with a minimum 3.0 GPA – No GMAT will be required
  • Bachelor's degree from an accredited college or university with a 2.75-2.99 GPA + 3 years of professional-level work experience.** No GMAT will be required.
  • Bachelor's degree from an accredited college or university with a 2.50-2.74 GPA + 5 years of professional-level work experience.** No GMAT will be required.
  • Bachelor's degree from an accredited college or university + 8 years of professional-level work experience.** No GMAT will be required.
  • Bachelor's degree from an accredited college or university with a GPA below 2.50 + GMAT with a minimum score of 400

A professional resume should be uploaded with the online application. The GMAT requirement is subject to work experience review and approval by the MBA Program Director.

Official bachelor’s degree transcripts from an accredited college or university and all transcripts for subsequent coursework are required as part of the application process. ***Prior to starting their graduate program, students must hold a conferred bachelor’s degree or international equivalent from a college or university accredited by the appropriate institutional (formerly called regional) accreditation agency.

** Application fee waived for military (active and former). Verification must be submitted with application (ID or other form).

Official transcripts, test scores and other documents should be sent from the granting institution(s) to:

Email address: [email protected] (preferred and quickest)

Mail address:

Longwood Graduate Studies
201 High Street
Farmville, VA 23909
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Longwood University has been named one of the top universities in the Southeastern U.S. by The Princeton Review, 2020

Courses

Check out the topics you'll study in our online MBA - Economics degree

For the MBA – Economics track, you must complete 10 courses totaling 31 credit hours, including 25 credit hours of core courses and 6 credit hours of electives.

Duration: 7 Weeks weeks
Credit Hours: 3
This course describes the basic principles of corporate finance and provides practical tools for financial decision and valuation. The course starts with optimal project acceptance criteria consistent with the objective of maximizing the market value of the firm. It then moves on to techniques for estimating the cost of capital, which are subsequently applied to a range of valuation problems. The valuation principles include WACC, APV, multiples and real options. In the second half of the course we discuss capital structure and dividend decision, and how they affect firm value. We also study corporate governance, and end the course analyzing financial issues in mergers and acquisitions.

Learning Outcomes:

  • Apply the principles of financial reasoning to business situations and assess business problems using time value of money techniques
  • Perform quantitative and qualitative analysis of risk and return component
  • Demonstrate general understanding of financial markets and instruments
  • Apply the basic principles of security analysis and perform capital budgeting analysis
Duration: 7 Weeks weeks
Credit Hours: 4
This course helps students integrate the functional expertise from areas such as accounting, finance, management, marketing, and production. Concepts and tools acquired from these functional areas provide the basis for approaching strategic problems from a holistic managerial perspective. Prerequisite(s): Students must complete any six of the following courses: ACCT 540, ECON 509, FINA 550, ISCS 570, MANG 564, MANG 575, and MARK 588

Learning Outcomes:

  • Understand and explain the relationships between strategy with firm mission, vision, and objectives
  • Analyze the general, competitive/industry, and internal environment through conducting systematic research with various analytical tools
  • Assess the multiple facets of business issues to derive data-driven solutions
  • Understand strategic decision-making and develop strategic plans at the business, corporate, and entrepreneurial level
  • Create action plans with recommendations to implement and control strategic decisions
Duration: 7 Weeks weeks
Credit Hours: 3
This course focuses on the function of Information Systems (IS) and the Information Technology (IT) infrastructure and the role they play in the organization. The strategic, economic and managerial aspects of technology adoption decisions and IT governance policies are examined from the organizational leader’s perspective. Both existing and emerging technologies will be studies to provide awareness of current trends, organizational impact, risks and benefits. The objective of this course is to prepare managers to provide leadership in the use of information systems and information technology across the enterprise, regardless of functional area.

Learning Outcomes

  • Apply appropriate terminology for IT systems to be able to communicate effectively regarding IT issues.
  • Understand the role that IT plays in attaining and maintaining a competitive advantage in today’s rapidly changing business environment.
  • Apply IT concepts to typical business situations and analyze cases to determine proper and improper application of IT principles.
  • Critique positions on IT-related issues and debate the relative importance of technology applications in creating business value.
Duration: 7 Weeks weeks
Credit Hours: 3
This course introduces the multifaceted role of an effective leader/manager. Human behavior at the individual, group and organization levels is examined as well as techniques for leading people in the organizational environment. Topics include: various developmental areas of leadership, including communications, social responsibility, and personal development, the role of an effective leader, small group and team leadership, work motivation, conflict resolution, managing workplace relationships, and personality influences on work attitudes and behaviors.

Learning Outcomes:

  • Identify and explain theories, concepts, and research in leadership
  • Analyze various leadership-related principles and topics including Leadership traits, Leadership Behaviors, Communication, Teamwork, Ethics, Power and Influence, Leadership Skills, Managing Conflict
  • Apply leadership concepts and theories to their everyday life, organizations, and current topics
  • Develop their personal leadership philosophy
Duration: 7 Weeks weeks
Credit Hours: 3
This course introduces the techniques of quantitative and statistical analysis for management decision making. Major topics include decision analysis, statistical inference, regression, and linear programming./This course will increase data literacy of students by introducing them to descriptive and inferential statistics, with a focus on data analysis and real world application to business and economics. Topics include collection of and use of data, measures of central tendency and dispersion, data visualization, probability, confidence intervals, hypothesis testing, regression analysis, including work with categorical variables and nonlinearities, and basic technical writing for presentation of data and statistical analysis. Projects require students to apply knowledge to consulting scenarios, with a specific client in mind. Students are expected to have a basic understanding of Excel, but instruction on use of the Data Analysis Toolpak will be provided as part of the course.

Learning Outcomes

  • Apply theories and models to real-world situations
  • Use statistics the correct way to deliver the information you need
  • Learn how to use the data the right way
  • Use statistics to make informed decisions
  • Use models and techniques to create valuable information
Duration: 7 Weeks weeks
Credit Hours: 3
The course will equip the student with the ability to properly frame any decisions faced (business or personal), and then arrive at the best solution given the information available. To do so requires two additional skills: 1) To accurately work with data to assess the economic environment, 2) The ability to think strategically. Topics include: profit maximization, demand analysis, elasticity, market power, regression analysis, game theory, and pricing strategies.

Learning Outcomes:

  • Use marginal analysis and thinking in optimization problems and distinguish different types of cost and their applicability in optimization problems
  • Analyze the impact of changes in demand and supply conditions on the profit maximizing output and pricing decisions and calculate the price elasticity of demand and relate it with the profit maximizing price
  • Demonstrate the value of framing managerial decision-making using a demand function
  • Present univariate and multivariate patterns in data and perform regression analysis to estimate causal relationships; interpret regression output, including R-square, coefficients, p-values, and confidence intervals
  • Conduct basic forecasting using regression output and be able to describe the strengths and weaknesses of ordinary least square (OLS) regression analysis
  • Differentiate strategic from non-strategic decisions and analyze a strategic game and solve for equilibrium strategies and apply game theory to oligopolistic market structures
Duration: 7 Weeks weeks
Credit Hours: 3
This course presents an overview of marketing and the activities involved in the delivery of goods and services to the consumer. Topics include the identification of target markets, the development of a marketing mix, the special challenges of service delivery, the importance of retailing, and relationship marketing.

Learning Outcomes

  • Explain marketing concepts in the context of marketing problems
  • Design and debate proposals for solutions to marketing problems
  • Construct a formal marketing plan
Duration: 7 Weeks weeks
Credit Hours: 3
This course provides a comprehensive, graduate level discussion of managerial accounting. Broadly, this course focuses on the use of accounting data in the decision-making process for managers. As such, learning which data is important in different managerial settings, appropriately deriving and interpreting such relevant data, and then formulate best case strategies forms the core of study. More specifically, students learn to use the concepts of opportunity cost and organizational architecture as the framework for studying managerial accounting.

Learning Outcomes:

  • Articulate how cost management helps organizations meet their strategic goals by managing costs
  • Assign costs to production jobs or projects using different costing systems
  • Assign activity costs to goods and services
  • Build a basic cost-volume-profit (CVP) financial model and use a cost-benefit approach to common business decisions
  • Demonstrate ethical reasoning in accounting and describe the importance of ethical behavior for managers and managerial accountants
Duration: 7 Weeks weeks
Credit Hours: 3
The development and application of statistical and econometric techniques to create a data informed decision-making business environment.  The course will focus on regression analysis designed to identify and understand the potential drivers of important business and economic patterns and trends.  Forecasting techniques will be developed and used as a foundation to compare causal data analyses and big data, machine learning approaches​.
Duration: 7 Weeks weeks
Credit Hours: 3
This course equips students with a working knowledge of the macroeconomy and how economic conditions affect the everyday business environment. Students will learn to use economic reasoning to determine the proper course of action a person or business should take under economic constraints. Areas of focus include a study of economics principles as well as an introduction into business cycles, economic indicators (GDP, unemployment, inflation), fiscal policy and monetary policy. At the end of this course, students will have gained the ability to incorporate their knowledge of macroeconomic policy into better business strategy.

*Price includes in-state tuition and fees. For students from outside Virginia, tuition and fees total $13,671.

**A resume verifying professional-level work experience must be submitted at the time of application and is subject to verification and approval by the MBA director.

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