The Economics section of Students Again provides an introduction to the basic principles of economics with an emphasis on macroeconomic theory. This introduction includes an analysis of national income, employment, and prices, monetary and fiscal policies, and much more.
What is Economics?
Economics is the study of how our society allocates, produces, and distributes resources. The resources can include, labor, raw materials, land, machinery, and natural resources. Economists use mathematical models to predict answers to questions and to obtain data. Economic theory and practice is used in government, business, non-profit organizations and many other areas. The basis for economics are business, finance, marketing, and management.
Why Major In Economics?
The study of economics provides an excellent background for careers in business and government. An economics education develops quantitative and analytical skills which can be applied to many fields.
Many Economics majors choose to pursue a dual degree to include another business discipline. A major in economics will also prepare you for postgraduate study in law, business, economics, public administration, hospital administration, urban affairs, and transportation studies.
Some Specializations Within the Economics Major
Specializations related to a degree in Economics may differ widely at colleges and universities. However, here are a number of common specializations:
- Agricultural Economics
- Consumer Economics
- Economic Development
- International Development
- Labor Economics
- Natural Resource Economics
- Transportation
- Applied and Resource Economics
- Development Economics
- Health Care Economics
- International Economics
- Mathematical Economics
- Public Finance
What Courses Do Economics Majors Take?
Here is a broad list of courses you may attend as an Economics major:
- Economic Development
- Economic Theory
- Government and industry
- Labor Economics
- Public Finance
- Statistics
- Economic Institutions
- Economics
- International Economics
- Money and Banking
- Regional Economics
Some of the Top Schools In the United States for Economics Majors Include...
- Harvard University - Cambridge, MA
- Princeton University - Princeton, NJ
- Ohio State University - Columbus, Ohio
- Purdue University - West Lafayette, Indiana
- University of Massachusetts Amherst - Amherst, Massachusetts
Professional Organizations
- American Economic Association
- Association of Environmental and Resource Economists
- The Association for Evolutionary Economics
- Association for Social Economics
- Eastern Economic Association
- National Association for Business Economics
Employment Opportunities for Economics Graduates
Economics majors are successful in a wide variety of careers. Careers in corporate business tend to be the most common; however, economics graduates have proven to be successful in law, medicine, government, non-profits, international relations, and academic roles.
