Data, research, and analyzation are tools for understanding our modern world. Majoring in economics prepares you for a career in understanding the currents and flows of money, power, and data in our world. Economists learn to think critically about all numbers presented to them. As you progress through our program, internships, study abroad, and research can help to expand your areas of interest and deepen your understanding of economics.
What do economists do in the real world?
One might think economists are only found doing teaching and research in universities and colleges. Economists fill many more roles.
Economists research and analyze economic issues for corporations and governments. Through their work, economists design policies and make recommendations for solving economic problems. Some economists, known as forensic economists, apply economic theories and methods to the issue of pecuniary damages as specified by case law and legislative codes.
How does the role of government affect the economy? Public economists supply that answer. Central and commercial banks across the world have economists who advise them on monetary policy. Economists study how companies are organized within industries and how those companies compete.
Economists analyze savings, investments, and risks. Economists study the impact of foreign and domestic policies on trade. Economists study the labor supply and the demand for labor by employers. Economists study the economy as a whole and the supply and demand decisions of individuals and firms.
What all economists have in common is to take the same analytical tools to examine data and research that students learn in our economics department to solve problems, affect policy, and broaden our knowledge of the world.