Prospective Students

What is Economics?

Economics is the study of how individuals, firms, and governments allocate their scarce resources. This major is designed for those who seek a broad understanding of the operation of the economic system and training in the methods and uses of economic analysis. Graduates are equipped for employment in many areas of business operations, labor unions, and agencies of government at all levels, and are prepared to undertake the graduate work necessary to become professional economists. Economists advise presidents, make forecasts about unemployment and the stock market, and create Federal Reserve Bank policies. But economists also study health care, crime, environmental issues, inequality, and more. Perhaps most importantly, Economics provides knowledge and logic for making everyday decisions, big and small. This includes everything from where to eat lunch to what career you choose.

Why Study Economics?

You might like this program if:

  • you are curious about people and human society, but prefer an analytical, mathematical style of reasoning;
  • you want to understand how the world works; and/or
  • you like to think about improving the world.

Potential Careers

Employers know that a degree in Economics provides students with a logical way of making decisions for individuals and firms, as well as understanding the creation of policies and their consequences. An economist will help a firm or public agency make important decisions using quantitative cost/benefit analysis and will be able to understand how new policies will affect the firm. Recent graduates have started careers in the following. (two columns for webpage)

  • Consulting
  • Sales
  • Banking
  • Financial advising
  • Food and Drug Administration (FDA)
  • Department of Justice (DOJ)
  • Financial Analyst
  • Investment Professional
  • Sales Account Manager

More Information about Careers

Opportunities for Graduate Studies

Many schools offer graduate (both M.A. and Ph.D.) programs in Economics. In addition, with the logical thought processes learned and appropriate math background, the Economics degree will prepare students for an MBA or JD. If you are considering graduate studies in Economics, the B.S. is recommended with extra math preparation, particularly calculus and linear algebra. 

More Information about Graduate Studies Opportunities