Minimum number of credits required to graduate: 124
Minimum cumulative GPA required to graduate: 2.0
Minimum number of credits to complete the major: 36
School: Girard School of Business
Division: Accounting, Economics, and Finance
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Economics is the study of how people interact through institutions such as households, businesses, markets, and governmental agencies, to produce and distribute goods (things that are literally good). The study of Economics concerns the wealth of individuals and the wealth of nations. Students learn the methods economists employ for managing and solving problems. Students learn about the historical context of production and exchange, the decision rules used in efficiently allocating scarce resources amongst competing uses. Students study how to improve social welfare and how public policy is devised to manage and resolve the social tensions.
The study of Economics involves various methodological approaches, historical approaches, and/or institutional and sociological approaches, and/or scientific approaches. The Economics majors have the opportunity to explore all of these approaches with an overall emphasis on developing their problem-solving skills.
Students who major in Economics, prepare themselves for a variety of careers. Some move on to graduate study in Economics and become professional economists. The majority, however, pursue careers in finance, management, marketing, consulting, law, public policy, and government.