Why an Economics Major?

Economics looks at improving the well being of society in an economy of scarce resources, issues of efficiency, and equity.  Microeconomics deals with the supply and demand - how individuals and firms make decisions about what is produced.  Macroeconomics looks at the overall economy - national and international - what types of government policy and tax decisions are made to stabilize the economic environment.

All Economic majors should know:

Analytical skills, good communication skills, facility with work mathematics and statistics, familiarity with other social sciences. Students who want to become professional economists should consider graduate study and taking more than minimum in math (a minor in math is recommended).

Skills that Economics major develops:

Awareness of local and international economic conditions, ability to analyze and evaluate business and government proposals, critical thinking, problem-solving, forecasting, analysis of market competition and strategic planning skills.  Ability to think logically, critically, and creatively.

Economics is an excellent background for graduate studies in areas such as law, business, or public administration.

BAE vs BABA-Economics

The difference between the liberal arts degree in Economics, the BAE, which emphasizes economics as a social science, and the business degree in Economics, the BABA-Economics, which emphasizes economic analysis in a business setting, is primarily one of focus.

A BAE degree and strong quantitative skills are best for those interested in the theoretical and policy research aspects of economics and those who desire to become professional economists or teach economics following graduate study in economics.

The degree in business with an emphasis in economics is best for those who want to work in business and apply economic analysis to concrete, practical business problems.

For objectives for undergraduate programs in Economics, click here