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Economics Major

What is Economics?

Economics is the study of how individual sin our society allocates, produces and distributes scarce resources. The scarce resources can include, labor, raw materials, land, machinery, and natural resources. Economists use mathematical models to develop programs predicting answers to questions and to obtain data. Economic theory and practice is used in government, business, non-profit organizations and research and teaching. The foundations for economics are business, finance, marketing and management.

Top positions in economics usually require a graduate degree. However, an economic student with a bachelors degree may qualify for entry level positions such as research assistant, administrative or management trainee, marketing interviewer and sales. An economics student can use this degree as a basis for furthering their education in fields such as economics, business, public policy and law, journalism, social welfare and urban planning.

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What are Some Specializations Within this Broad Major?

MyMajors.com cannot pinpoint your interests beyond recommending this general major. Various specializations related to this major may be offered by colleges and universities. These specializations may be of greater or lesser interest to you. A few of the specializations related to this field include, but are not limited to:

Agricultural Economics
Mathematical Economics
Health Care Economics
Consumer Economics
Applied and Resource Economics
Natural Resource Economics
Economic Development
Development Economics
International Development
International Economics
Public Finance
Labor Economics
Transportation

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What Kinds of Students Major in Economics?

Students majoring in economics must have good command of verbal and written communication skills especially for interviews and presentations. This student should be organized, detail oriented, patient, persistentand enjoy mathematics, especially statistics, as applied to social and economic problems.

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What Courses Do Economics Majors Take?

The required and elective courses you would take for majors vary considerably among institutions. Courses are listed here that are illustrative of the breadth of topics you are likely to experience were you to major in this field.

Economic Development
Labor Economics
Statistics
Economic Institutions
Money and Banking
Economic Theory
Public Finance
Government and Industry
Economics
Regional Economics
International Economics

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What Types of Positions do Economics Majors Take After College?

These professions and professional organizations illustrate the types of positions you might qualify for if you complete this major. Some majors are more directly related to employment than others, however. You should consider the likelihood of employment after graduation carefully, if you do not plan to go on for graduate work in a field. Even with the completion of graduate work in some fields, however, employment is difficult, so you should determine what the prospects are for this or any major. Employment possibilities are often enhanced by the selecting employment-related courses and by the enrollment in second major or in a minor.

Accounting
Journalist
Business Manager
Litigation Consulting
Credit/Loan Officer
Management Consultant/Analyst
Development Officer
Market Research Analyst
Financial Officer
Property Manager
Financial Planner/Analyst
Stockbroker
Government Administrator
Teacher
Investment Banker
Human Resources Manager
Underwriter

Are you interested in detailed information about the forecasted demand for a particular profession? Are you interested in the estimated salaries such positions are likely to pay? This government Web site allows you to search on a particular job, whether listed here or not, to give you this information.

Bureau of Labor Statistics

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Related Links

If you are interested in learning more about what professionals in this field do and what kinds of activities they engage in, you might want to begin with the following web sites. Also check the departmental web sites of colleges and universities, which offer this major.

About: Economics

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University Departments to Consider

The following institutions are the featured institutions on MyMajors because they support MyMajors and you in your search for the best major available. They offer excellent curriculums in well-rounded programs for you to consider.

Arcadia University (PA)
Economics
  St. Norbert College (WI)
Economics
University of Colorado at Denver and Health Sciences Center (CO)
Dept. of Economics
   

Other fine institutions offering this major offer excellent programs to consider.

Johns Hopkins University (MD)
Department of Economics

For information on options available to campuses wishing to see their majors listed on MyMajors, contact: admin@mymajors.com for details.

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Two-Year College Curriculums to Consider

Laramie Community College (WY)
Economics and Finance Department

Suggest to your two-year college advisor that their institution's majors be included to show you their course requirements and unique resources. Two-year college representatives should contact admin@mymajors.com for details.

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Want More Information? Look at major descriptions prepared by university academic advisement staffs.

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