home Future Students Current Students Faculty and Staff Business and Community Online Courses
 
Economics

What is 'Economics (ECON)'?

Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services. They may conduct research, collect and analyze data, monitor economic trends, develop models, evaluate public policy decisions, or develop forecasts. Economists research a wide variety of issues including energy costs, inflation, interest rates, trade balances, exchange rates, business cycles, production levels, taxes, and employment levels, among others.

(For more information, see http://www.bls.gov/oco/ocos055.htm#nature.)

Is it for you?

Some entry-level positions for economists are available to those with a bachelor's degree, but higher degrees are required for many positions. Prospective economists need good quantitative skills.

Economists have structured work schedules. They often work alone, writing reports, preparing statistical charts, and using computers, but they also may be an integral part of a research team. Most work under pressure of deadlines and tight schedules, which may require overtime. Their routine may be interrupted by special requests for data and by the need to attend meetings or conferences. Frequent travel may be necessary.

(For more information, see http://www.bls.gov/oco/ocos055.htm#nature.)

Jobs and Salary expectations

Individuals with a background in economics should have opportunities in various occupations. Some examples of job titles often held by those with an economics background are financial analyst, market analyst, public policy consultant, researcher or research assistant, and purchasing manager.

The median annual wage of economists was $89,450 in May 2010. The median wage is the wage at which half the workers in an occupation earned more than the amount and half earned less. The lowest 10 percent earned less than $48,250, and the top 10 percent earned more than $155,490. 

 

Employment of economists is projected to grow 6 percent from 2010 to 2020, slower than the average for all occupations.

(For more information, see http://www.bls.gov/oco/ocos055.htm#nature.)

Program Faculty

Credit Classes and Registration

 
 
 
Contact Us