Economics occupies a unique position in the academic curriculum. It is a social science concerned with choices made by individuals and society regarding resource allocation. At the same time, economics is essential to understanding the business world and provides the foundation for applications in accounting, finance, management and marketing.
There are a variety of ways to include economics in an undergraduate degree. Students can major in economics within the College of Letters and Sciences or within the College of Business and Economics. Students from the College of Letters and Sciences can combine a major in economics with a professional minor in business studies. Students from the College of Business and Economics or the College of Letters and Sciences who are not economics majors can obtain a minor in economics. Students in the College of Education can obtain a BSE with a major in economics.
Economics is divided into economic theory, quantitative methods and a variety of applied subfields. The department offers courses in Comparative Economics, Economic Development, Economics of Health Care, Industrial Organization, International Economics, Labor, Managerial Economics, Monetary Economics, Natural and Environmental Resource Economics, Public Economics, and Urban and Regional Economics. Economic theory and quantitative methods provide students with analytical skills and with the tools of empirical investigation.
An economics education opens up opportunities for career paths in business, government, non-governmental and non-profit organizations, journalism and education. Economics is valuable as a major or minor for those planning to pursue further professional or graduate training, including MBA, law, public policy and administration, industrial and labor relations, and international relations. Students who are considering graduate work in economics or related business disciplines should consider a minor in mathematics or a double major in economics and mathematics.