Economics

Why major in economics?

Economics is a versatile major that develops your analytical and quantitative abilities while learning about how the economy functions and how individuals relate to one another. A degree in economics is an excellent way to prepare yourself for a wide range of career options. It offers a unique way of thinking about the world and focuses on critical thinking and quantitative skills. Most of all, economics is fun!

Broadly speaking, economics is the study of how individuals and societies choose to employ scarce resources. We as individuals have unlimited wants and have limited resources, even the richest of men and women have a scarcity of time. With this basic principle, we start from the understanding that all decisions have trade offs, or opportunity costs. It is not simply the study of money, as is sometimes thought. Every decision you make in your everyday life, big or small, is an economic decision. The study of economics offers insights on everything from how much to save this month, how much you should exercise, and who to choose as a mate. Economics is truly everywhere.

Some useful links for salary and other information regarding the future outlook for the discipline and for graduates are:

Becoming an Economics Major:
http://www.swlearning.com/economics/economics_careers/career_resources_degree.html

Careers in Economics:
http://www.mhhe.com/economics/theleadingindicator/

Job outlook for Economists:
http://www.bls.gov/ooh/Life-Physical-and-Social-Science/Economists.htm

American Economic Association students page with detailed information about salary, possible future job titles, and job outlook:
http://www.vanderbilt.edu/AEA/students/index.htm

Salary expectations for experienced workers with economics degrees:
http://www.payscale.com/college-salary-report-2013/social-science-jobs

Economics Job Search:
http://www.inomics.com/cgi/job
http://www.nabe.com/
http://www.econjobs.nabe.com

For more information regarding the economics program, an economics major, or minoring in economics in conjunction with another Niagara University degree, please contact Dr. Jay Walker.