Why Should I Major in Economics?
With a degree in economics, you'll have a wide variety of career opportunities. Economics majors are attractive to employers in the fields of law, government, business, healthcare and non-profit organizations. Keep reading to learn more about the assets of majoring in economics.
Bachelor's Degree Programs in Economics
Once you have an idea of what's involved in with an economics major, you'll see how it can be applied to so many fields. Economics is more than simply specialized accounting. Budding economists study banking, economic theory and the ways to apply statistical analysis to understand things like trends in consumer spending. This type of education can also train you to develop and assess programs for poverty relief and other related issues.
In the course of your studies in economics, you'll learn not only how these issues apply to your own country, but also how they affect foreign commerce and trade policy. Some of the courses you'll take include studies in these areas:
- Historical economic philosophy
- Environmental effects on economics
- Political studies in privatization
- Urban and labor economics
- Performance and policies in national economics
- Economics and the law
Important Facts About a Bachelor's Degree in Economics
|Common Courses||Microeconomics, macroeconomics, accounting, calculus, business writing|
|Concentrations||Accounting, behavioral economics, finance, global analysis, management, marketing, real estate, retailing, statistics|
|Online Availability||Some schools offer programs exclusively online|
|Continuing Education||Graduate certificate, master's and doctoral degrees|
The U.S. Government jobs board (www.usajobs.gov) lists federal job openings for different majors. With a major in economics, you can gain one of the following positions:
- Contract specialist
- Budget analyst
- Credit Union Examiner
Additionally, many opportunities are available in the non-profit sector. If you want to make an earth- and humanity-friendly difference in the world, you can use your economics education to help. A search on the Idealist website (www.idealist.org) pulled up over 1,000 jobs related to economics. Some of the organizations needing those with economics skills include the following:
- The American Civil Liberties Union (ACLU)
- The Gay-Straight Alliance Network
- The Mines Advisory Group
- The United Way
- Beginning with Children Foundation
There are many other options that include overseas travel as well. Taking electives in global and international economics during your course of study can enhance your chances of finding employment with a world relief organization.
Salary and Employment Information
You can also use an economics major as a step toward pursuing a job as an economist. Job opportunities will be better for those with a graduate degree, according to the U.S. Bureau of Labor Statistics (www.bls.gov). The Bureau predicted an employment increase of 8% for economists between 2018 and 2028. In May 2018, the BLS reported median earnings for economists at $104,340 annually.