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Home >>Undergraduate >>Why Major in Economics?
Why Major in Economics?

Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. It is an exciting and increasingly important field of study. Students who major in economics graduate with certain core competencies which are valuable in the job market.

These include:

  • strong background in microeconomic and macroeconomic theory
  • knowledge about economic institutions
  • knowledge in various applied areas of economics
  • ability to use the analytical tools of economics in problem solving
  • knowledge of relevant mathematical and statistical techniques
  • expertise in the use of computers for the analysis of data
The skills listed above provide a strong preparation for many careers in banking, insurance, service and manufacturing firms, labor unions, business associations, government agencies, and non-profit organizations. Possible job titles for students graduating with a major in economics include the following:
Real estate specialist International trade specialist
Labor relations researcher Commodities trader
Commodity analyst Environmental specialist
Investment banking analyst Economic news analyst
Compensation administrator Natural resources specialist
Market research specialist Assistant to chief economist
Technical writer Public affairs officer
Economic research consultant Financial analyst
Population studies analyst Urban affairs specialist
Data analyst Transportation planner
Urban/ regional planner Human resources specialist

A major in economics is also an excellent background for students who intend to continue their studies beyond the bachelor's degree. In particular, it is a very good preparation for law school, MBA programs, programs in public administration, master's and PhD programs in economics, and graduate school in other business and social science disciplines.

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