As the study of how limited resources are produced, distributed, and consumed, economics is a vitally important area to understanding how the world works. Experts know the ins and outs of banking, international economies, and can analyze how certain changes can have big effects in the market. Those who apply to the major will study the effects of taxes and interest rates, remain up-to-date on stock market stats, and will develop a greater understanding for the intricacies of the economy.
Courses focus heavily on detailed aspects of money and finances, as well as several different types of economies. Classes can include: economic theory, international trade, micro- and macroeconomics, statistics, and econometrics, among others. Economics students tend to be informed about current events, research financial data, and collaborate on projects with classmates. Those drawn to the major tend to be analytical, detail-oriented, good with numbers, and patient.
After graduation, students of the major can pursue a variety of economics-based career paths. Fields can include: organizational economy, financial analysis, market research, business journalism, labor economy, and more. Money may make the world go round, but it takes economists to understand how and why.
Economics fun fact: Historians think that the first coins were made of bronze and were used by the Chinese as early as 1000 BCE.
Celebrities who studied Economics: Cate Blanchett, actress; Bob Barker, game-show host; Sandra Day O’Connor, judge.
The average starting salary for a graduate with a bachelor's degree in Economics, General is $53,900