Economics is a social science concerned with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices on allocating scarce resources to satisfy unlimited wants and needs, and tries to determine how these groups should organize and coordinate efforts to achieve maximum output. Understanding economic principles gives insight into managing personal finances, overseeing business operations and understanding government policies. Economists are consultants, researchers and educators who work for corporations, government agencies and nonprofits organizations.
Two Economics Degrees Offered
The BS: Business Administration: Economics degree is a Business-focused program designed to give students a foundation in all business disciplines plus in-depth exposure to economic theories and applications. The program has a stronger focus on quantitative skills and helps prepare students for careers in government or the business world.
The BA: Economics degree is a more liberal-arts approach to the field of Economics. The broader focus on foreign-language skills and the inclusion of a minor allows students to tailor their education across disciplines. The BA gives students a broad theoretical approach to Economics and prepares them for a variety of careers, including public policy and Law School.
Many disciplines use economic analysis to solve problems, therefore students often find the Economics minor is a good supplement to their understanding of the larger world. The minor allows students to choose any four upper-level economics courses (in addition to two required Principles courses) which promotes customization and cohesiveness with the student’s major field. Commonly, students studying business, political science, math, actuarial science, history and criminal justice choose an economics minor.