What is Economics?

Economics is a social science that concerns the allocation of scarce resources, raising issues of both efficiency and equity.  The two main branches of economics are micro- and macroeconomics.  Microeconomics focuses on consumers and producers -- how individuals and firms make decisions about what is produced, how goods and services are produced, and who receives the income and thus the goods and services.  Macroeconomics examines the overall economy - national and international - including issues of growth, unemployment, and inflation.  Both micro- and macroeconomics provide frameworks for analyzing the implications of proposed and actual public policies.


Why Should I Major in Economics?

The courses in economics are designed to acquaint students with the workings of the local and world economies.  Economics courses provide frameworks and tools for students to analyze data, solve problems, and make decisions in the private, non-profit, and public sectors. 

Why Albers?

Our program features highly effective, dedicated instructors who emphasize analytical, quantitative, critical thinking, communication skills. As a Jesuit university, our program emphasizes issues of social justice and ethics. In addition to the major, we also offer a minor and a specialization in international economic development.

Economics Major Career Opportunities

Graduating economists work in many fields including but not limited to:

  • economic development
  • public policy
  • international business
  • law
  • health
  • insurance
  • consulting
  • finance
  • market research
  • data analytics