What will happen next in the economy? Financiers, politicians and journalists turn to economists for answers. So do business and non-profits, as how people spend their money expresses their opinion on what they value.
Economists study how scarce resources are allocated to maximize well-being. There are always trade-offs - for businesses and individuals - in resource allocation. Economics students learn how to identify, measure and understand the elements of these trade-offs.
Economists Answer Questions Such As:
- Why do gas prices fluctuate?
- How will government budget deficits affect the standard of living?
- How much does a college degree increase earning potential?
- How does health care reform impact us?
- How should we regulate banking?
- What is the proper role of the Federal Reserve?
- Will new trade agreements benefit the U.S.?
Economics Degree Options - BA or BS*
This option focuses on how our country's economic system functions. Students gain a general understanding of economic relationships, the ability to analyze economic activities and their effects and the ability to forecast the impact of future economic activity on inflation, employment etc.
This option allows students to focus on economics in the context of another discipline. Alternatives include:
- Business Economics
- Political Economy
- Economic Sociology
- Economic History
- Mathematical Economics
Law and Economics
Economics is widely viewed as a very good major for students planning to attend law school. This option provides a specific path for those planning to pursue a career in the legal professions.
Banking and Finance
Analysis and understanding of world, national, and local economic conditions are essential in decision relating to borrowing and loaning money for development and growth. Banks employ economists as both consultants and permanent employees.
All levels of government seek advice from economists in order to make predictions about economic health, set economic policy and adopt appropriate tax structure.
Combined with a degree in health administration or public health, an economics degree opens doors to work in hospital management or healthcare analysis.
Economists help insurance companies make decisions about how they manage their underwriting, operations and claims.
Both manufacturing and service industries employ economists to conduct research about their customers. Economists study how consumers make decisions and make predictions spending habits and market trends.
Economic educators are increasingly in demand. Idaho is one of the many states that require economics education at the secondary level. With an advanced degree there are teaching opportunities at community colleges and universities.
Contact an Advisor
The best way to learn about matching your interests with the requirements for the Finance major is to schedule a visit with an academic adviser. Contact Kristine McCarty: Office: BA 510D; Phone: (208)282-3856; Email: firstname.lastname@example.org.
*The BA and BS in Economics are liberal arts degrees and are not part of the BBA Program.