Why Study Economics?

Maybe it's because you're interested in training for a well-paid job

Economics majors on average earn more than the majors in any other department in the College of Liberal Arts, and more than most business majors for that matter (see table below). Or maybe it's because you're interested in understanding how individuals, businesses, and governments interact to produce and distribute goods and services to improve (or diminish) our well being. Whether your concern is preparation for a career, intellectual curiosity, or political change, economics has something to offer you.

Economics is the only social science which is awarded a Nobel Prize

It provides a rigorous analysis of a wide range of real world problems (many of which are not ordinarily thought of as "economic") such as poverty, inflation, unemployment, pollution, crime, taxes, finance, inequality, international competition, economic growth and many others. But you don't have to be a "rocket scientist" to major in economics. Most economics courses use little advanced math. Some don't use math at all. Economic analysis is often common sense. Our department emphasizes a broad, policy oriented, liberal arts approach to the study of economics, one which appeals to students of many different backgrounds and interests.

A major in economics sends a signal...

...to prospective employers and graduate schools that you are capable of logical and critical thought, that you have basic quantitative skills, that you can adapt to changing circumstances, and that you are interested in the "big picture." It will help you become a better citizen and a more rigorous thinker as well as advancing your career goals.

We strive to be not just an academic department but a "learning community."

Our faculty puts students first. Many of our faculty have won teaching and advising awards and have published extensively in their fields of expertise. This Web site describes the faculty, the courses, the requirements, and many of the other features of our Department such as the Economics Club. We look forward to seeing you in class!

Economics Student Organizations
  • Econ Club
  • The Economics Club is a student-led organization that seeks to provide extracurricular enrichment to majors and minors in economics. The level and type of club activity varies from year to year depending on the interest of participants; it has included field trips, speakers, sessions on career planning, and panel discussions and debates on current economic issues. Be on the lookout for announcements in your economics classes, and on the Department bulletin board, as well as email notifications. The club is always interested in welcoming students with leadership interests and new ideas for activities. For further information, please contact the Coordinator of Undergraduate Studies, Dr. Nancy Jianakoplos.

  • Omicron Delta Epsilon Honors Society
  • The local chapter of Omicron Delta Epsilon, the International Honor Society for Economics, offers invitations to membership each semester. The principal function of ODE is to recognize and encourage outstanding academic achievement by those in the field of economics. In addition to honoring excellent students by offering membership, the society also encourages scholarship by hosting guest speakers on campuses, sponsoring student paper presentations at professional meetings, awarding prizes for outstanding student research, and publishing a journal - The American Economist. The local chapter hosts a reception for new members each Spring semester, with an invited speaker, and it offers annual cash awards for outstanding undergraduate and graduate term papers. For further information, please contact the Coordinator of Undergraduate Studies, Dr. Nancy Jianakoplos.

Requirements

Major Requirements

Minor Requirements

Ave. Starting Salaries by Major:

  • Computer Science  $55,900
  • Civil Engineering  $53,900
  • Construction  $53,700
  • ECONOMICS  $50,100
  • Management Information Systems (MIS)Systems (MIS)  $49,200
  • Finance  $47,900
  • Accounting  $46,000
  • Math  $45,400
  • Business Management  $43,000
  • Agriculture  $42,600
  • Marketing  $40,800
  • Political Science  $40,800
  • History  $39,200
  • Communications  $38,100
  • English  $38,000
  • Sociology  $36,500
  • Journalism  $35,600
  • Education  $34,900
  • Source: online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html




How do I declare the Economics Major? What if I just have questions about the major? What if I’m just thinking about changing/declaring/adding the Economics Major?

Attend an Informational Meeting

Information About the Economics Major

STEP ONE: AT LEAST 24 HOURS BEFORE attending the Informational Meeting, please go to the Economics Department office, Clark C-306, and complete a change-of-major form. This form will be completed and signed at the conclusion of the meeting.

After completing Step One you may attend any of the meetings listed below, but please realize that you will not be considered an Economics major until you attend a weekly meeting.

STEP TWO: Attend the Informational Meeting conducted by the Economics Academic Support coordinator, Dr. Matt Dunn. These meetings are held in Clark C-307. Questions and concerns will be addressed at this meeting.

Informational Meetings for the Economics Major

Information About the Economics Minor

Go to the Economics Department office in Clark C-306 and complete a form to add a minor in Economics.

How long will it take to complete an economics major?

You can run a “what if” Degree Audit easily by following these steps on your RamWeb home page:

  • Tools for Student Success
  • Degree Progress Audit
  • Run What If
  • College = Liberal Arts
  • Major = Economics
  • Degree = Bachelor of Arts
  • Catalogue Year = choose one
  • Run Audit
  • Open all Sections

Still have questions? Call the CLA Advising Center: (970) 491-3117