Economics is the study of how people choose to use resources such as money, labor, land, or equipment. Economists study the allocation and use of these resources by households, firms, and governments. They also study components of economic systems such as markets, monetary and fiscal policy, and economic activity and growth.
The Economics program provides students with knowledge and skills in the areas of:
- Economic terms, concepts and theories.
- Global, historical and institutional economic forces.
- The application of economic theories and concepts to social issues.
- The role of ethical values in economic decisions.
- Quantitative reasoning.
Program Learning Outcomes
Students who complete the Economics program will be able to:
- Understand the function of market and prices as allocative mechanisms.
- Apply the concept of equilibrium to both microeconomics and macroeconomics.
- Determine indicators and measures of economic change.
- Understand concepts underlying comparative advantage.
- Identify types of market failures.
- Analyze the impacts of economics on social values and policy.
Careers in this field
- Economics is a social science that researches people and how they use their resources with a focus on the economic well-being of society.
- An undergraduate degree in economics can lead to many career opportunities. Students should clearly define their goals and seek experiences and skills necessary to reach those goals.
- Some undergraduate programs are located in colleges of Business and others in Arts and Sciences. These may lead to either the B.A. or B.S. Career opportunities can vary slightly depending upon the particular degree and curriculum.
- Economics can serve as good preparation for graduate programs in economics, law, public administration, international affairs, environmental science, management science, or business.
Careers Relating to Economics Majors
- Banking and Finance
Transfer Options in Economics
Common university majors related to the field of Economics include:
- Actuarial Sciences
- Agricultural Economics
- Applied Economics
- Business Economics
- Global Economics
- International Economics
- Managerial Economics
- Mathematical Economics
- Political Economy
- Public Policy
- Quantitative Analysis
- Social Science Economics
Statistical Economics Students who plan to transfer to a four-year college or university in this discipline should consult with a counselor or visit the Transfer Center to determine the appropriate major preparation courses for their specific transfer institution and major. More information on transfer programs and procedures is available in the Transfer Guide section of the catalog.