Economics is a science of choice in a world of scarcity and unequal distribution of income. We teach you skills ideal for problem solving. For example, students learn how to allocate scare resources, estimate demand curves, or forecast inflation.
Even if your interests are primarily oriented towards public service, a financially rewarding career, a good all-purpose degree, or simply academic curiosity, an economics degree provides an excellent foundation to achieve your goals.
Employers recognize this, making economics graduates some of the highest paid college graduates in the marketplace.
The median base salary of business economists in 2006 was $109,000, according to a survey by the National Association of Business Economists.
- Graduate and professional schools (such as law or business schools) also find that economics graduates are highly capable, providing a strong advantage in gaining acceptance to these programs. In addition, lawyers with undergraduate degrees in economics earn more than other lawyers (Craft R. and Baker J. (2003). "Do Economists make Better Lawyers? Undergraduate Degree Field and Lawyer Earnings." The Journal of Economic Education, 34, 3, 263-282.)
- The government and nonprofit organizations also find economics degrees extremely valuable. For a list of job opportunities and information about careers in economics, check out these websites: