B.A. in Economics
The major in economics offers a unique combination of theory and practical applications, preparing students to think analytically about real world economic problems. Not only majoring in economics is considered to be a lucrative option with remarkable job market versatility, but it also provides intellectual challenges likely to appeal to inquisitive minds. Indeed, this field usually attracts students who enjoy using intuitive logical arguments to gain insight on socio-economic problems and public policy issues, and who are often inspired not only by practical considerations but also by their intellectual curiosity and a desire to contribute to society.
The program seeks to equip students with the basic tools needed to understand the operation of a modern economy, including the role of markets and organizations in the allocation of resources as well as the factors that determine income, employment and economic growth. Aside from the introductory economics sequence (Introduction to Economics 1 and 2), the Economics Department offers a variety of more advanced elective courses, including Money and Banking, Economic Development, Industrial Organization, Government Regulation, Public Finance, Urban Economics, International Economics, and other subjects. The underlying goal is to train students to use formal analysis and empirical observation to shed light on varied socio-economic issues and to develop several valuable skills in the process, including the ability to apply logical thought to economic problems, the ability to observe and draw inferences from data, and the ability to present economic ideas in compelling writing and speech.
Economics majors are encouraged to consider the possibility of complementing their studies with a minor in a discipline like business, mathematics, computer science, history, sociology or political science. Ambitious students often have embraced the challenge of double majoring in economics and one of the aforementioned disciplines.
Career Opportunities for Economics Majors
An undergraduate education in economics also brings about a considerable vocational benefit. In pursuing an economics concentration field, students are introduced to research methods and quantitative techniques, developing analytical skills and communication skills that constitute a relevant background for several professions. Indeed, a B.A. in Economics provides a sound foundation not only for graduate study and a career in economics but also for careers in business, law, public service, education, journalism, urban affairs, international relations and other fields. In particular, many undergraduate economics majors enroll in law schools and in graduate business programs after graduation. In addition, economics majors seeking employment immediately after college often find job opportunities in large variety of areas, including management, insurance, real estate, financial analysis, computing systems, consulting, banking, sales, and public administration. According to the National Association of Colleges and Employers, the average starting salary of new college graduates with economics degrees usually is higher than that of those who majored in most other disciplines. In particular, it compares slightly favorably with that of most business graduates. For more information about career paths for economics majors, visit the website of the American Economic Association.