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Economics

Economics

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Overview

Economics is a branch of social science that deals with the study of choice and scarcity. It is divided into two broad fields of micro-and macroeconomics which include a number of applied fields such as labor economics, regional economics, public finance, international trade, etc.

Economists work in a wide range of industries and sectors (both public and private). They can be research specialists, forecasters, or academics. Many economists are simply self-employed as private consultants.

Program Curriculum

Macroeconomic Principles ECN 211

A descriptive analysis of the structure and functioning of the American economy. Emphasis on basic economic institutions and factors that determine national income and employment levels. Consideration given to the macroeconomic topics of national income, unemployment, inflation and monetary and fiscal policies.

Microeconomic Principles ECN 212

Microeconomic analysis including the theory of consumer choice, price determination, resource allocation and income distribution. Includes non-competitive market structures such as monopoly and oligopoly; and the effects of government regulation. Prerequisites: None.

Students should contact an academic advisor for assistance with selecting courses that fulfill certificate and degree requirements.

Employment Outlook

A master’s degree or Ph.D. is required for most economist jobs, but some entry-level jobs are available for those with a bachelor's degree. Positions in business, research, or international organizations often require a combination of advanced education and work experience. Students can pursue an advanced degree in economics with a bachelor’s degree in a number of fields, but a strong background in math is essential. A Ph.D. in economics requires several years of study after earning a bachelor's degree, including doing detailed research in a specialty field.

A college graduate with a B.A. in economics often work in entry-level positions such as  business economics and forecasting, urban real estate and regional planning, analysis of markets and industrial regulation, and so on. Most who complete a bachelor’s degree in economics find jobs outside the economics profession as research assistants, financial analysts, market analysts, and similar positions in business and finance. 

O*NET provides comprehensive information on key characteristics of workers and occupations.