Why Major in Economics?
Economics has become an integral part of our modern society. An understanding of economics is indispensable when it comes to running a successful business, making sense of international events and analyzing government policy. Graduates with a background in economics enjoy a unique advantage in that economics offers a specialized and powerful framework for tackling today’s problems in the increasingly competitive and global economy.
The Department of Economics offers two types of undergraduate programs. The first type is the Business Economics Program. In this program, the student completes the requirements of the Department of Economics as well as the core business courses taken by all majors in the College of Business. The second type of program is on a liberal arts foundation and is called the General Economics Program.
The economics major is both a business field as well as a social science field, the major provides relevant training for a wide variety of careers. Most economists focus on the practical application of economics in both the private and government sectors.
- At a corporation, economists can be found forecasting demand, analyzing market competition, and studying the impact of economic variables and government policies.
- In the financial sector economists assess risk, evaluate clients and study market data.
- Economists also frequently work in government, writing and researching reports, enforcing legislation, studying environmental issues and tracking budgets and tax revenue.
- International organizations also regularly hire economic majors.