American University vs University of Richmond for economics: which is better for an undergraduate economics major?

University of Richmond has the edge for undergraduate economics. Its economics program is more central to the academic identity of the school, and the liberal arts setting usually means smaller classes and closer faculty access.

One big differentiator is the academic environment for economics majors themselves. At Richmond, economics sits in a setting where undergraduates are the clear priority, and that tends to matter a lot in a field where strong recommendation letters, thesis-style research, and quantitative mentoring can shape grad school and early career outcomes. Students looking for close contact with professors and a more intentionally undergraduate-focused experience often find Richmond stronger on that front.

American’s advantage is location. Being in Washington, DC gives economics students easier access to policy-oriented internships, think tanks, federal agencies, and international organizations during the school year. If your version of economics leans heavily toward public policy, government, political economy, or applied work tied to DC, American becomes very compelling because the city is effectively part of the classroom.

For grad school preparation, Richmond likely offers the stronger platform if you want intensive faculty mentorship, math-forward coursework, and research support. For internship access during college, American has the more obvious built-in advantage because of its DC network.