About Economics in Iowa State University

Economics teaches the ability to reason clearly and to address complex issues using tools and decision-making models from economics, mathematics, and statistics, as well as concepts from the biological, physical, and social sciences. The study of economics also helps students to: develop an understanding of the interactions of technology, human activity, and the environment; apply systematic approaches to making optimal choices; analyze quantitative information; and communicate concepts and findings to industry professionals, organizations, governments, and the general public. 

Strong training in economic reasoning serves as a foundation for a variety of rewarding careers and for advanced study in a range of professional and academic fields.  Economics majors are provided the tools of critical analysis and human relations skills that are essential for being informed citizens, finding and excelling in many career fields, and becoming lifelong learners. 

Academic qualification equivalents

• Applicants must have passed high school

English language requirements 

• IELTS : 5.5
• TOEFL : 80
• PTE : 48

Iowa State University Cost of Attendance

The table below provides the average cost of attendance for undergraduate and graduate programmes for the 2022-2023 academic year: