Why Study Economics?

 

Video courtesy of the American Economic Association

 

Why Study Economics?

Because I want to understand how the world works. Economics, sometimes referred to as the queen of social sciences, is all about choice and is at the heart of all decision-making. Broad in scope, it explains how people, businesses, governments, and even families, schools, and charitable organizations make decisions with limited resources.

Because I want to make the world a better place to live. Economics is at the heart of many social problems facing the world, including unemployment, inflation, poverty, pollution, health care, human rights, and gender and racial inequality. Effective solutions to these problems require a rigorous training in economics.

The study of economics develops a wide range of analytical and critical thinking skills, which opens up many diverse career opportunities.  Economic analysis hones your skills at both understanding and influencing today’s policy debates.  A bachelor’s degree in economics prepares you for a career in not just business, banking, government, and financial transactions, but also areas such as urban planning, international development, policy analysis, journalism, education, and the non-profit sector.  For suggested course groupings for an economics major that would be especially apt for particular careers, please review our Customize Your Major page.  To see what UConn economics graduates have done with their degree, please see the Center for Career Development’s Economics Job flyer .  For more detailed career information, please review American Economics Association’s career website.  Additionally, the Center for Career Development is an excellent resource for students exploring different career options.

An economics degree is also excellent preparation for graduate study — in law, business, economics, government, public administration, environmental studies, health-care administration, labor relations, global studies, diplomacy, and other fields. Professor Dick Langlois, Undergraduate Director, can suggest specific courses for your major that will prepare you for your intended graduate field.  If you plan to pursue a Masters in Economics, please review our Customize Your Major page to find the suggested courses to help prepare you for the more math intensive economics graduate program.

Please review the Academic Advising webpage for the Department’s walk-in hour schedule and/or to schedule an appointment with one of the Academic Advisors.

Make a difference and a great salary!  Economics is one of the highest earning majors!