Why Study Economics?


Video courtesy of the American Economic Association


Why Study Economics?

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.

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.

Benefit from diverse career opportunities. The study of economics develops a wide range of analytical and critical thinking skills. 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.

Prepare for graduate study. An economics degree can be excellent preparation for graduate programs in law, business, economics, government, public administration, environmental studies, health-care administration, labor relations, global studies, diplomacy, and other fields. Professor Ken Couch, 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.

Some of the areas our students have pursued after graduation:

  • Business
  • Insurance
  • Law
  • Medicine
  • Government
  • Non-profit organizations (and NGOs)
  • International Relations/Development
  • Urban Planning
  • Policy Analysis
  • Public Policy/Public Administration
  • Journalism
  • Media
  • Graduate programs
  • Education

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