Economics Major (BS)
Introduction
The study of economics provides an understanding of economic concepts and the functioning of the economy in addition to the ability to apply economic analysis in problem solving. The Economics Department strives to provide a program which gives students rigorous training in both economic theory and applications. The Bachelor of Science in Economics emphasizes the more analytical, mathematical, and empirical aspects of economics and is particularly appropriate for students interested in technical careers or future academic studies.
Why Consider an Economics Major?
A degree in Economics can be the gateway to many careers. Professional economists are employed as advisors and researchers in both business and government and as teachers and researchers in academic institutions. Employment as an Economist generally requires the completion of graduate studies beyond the bachelor’s degree. Western’s graduates in Economics hold a variety of jobs in business and teaching. In addition, many of Economics graduates have had a high success rate for admissions to professional schools in law and business
Career Outlook
With appropriate preparation, particularly in the areas of economic theory, the career opportunities for economics graduates are diverse. Some of these are:
- Actuary/Banking
- Financial Planner/Analyst
- Urban/Regional Planner
- Economic Researcher
- Corporate Attorney
- Financial Economist
- Real Estate
- Business Management
- Insurance Consultant
- Data Scientist
- Economic Consultant
One of the most dynamic career areas for economists has been in business, in which economists are involved in planning and forecasting, production and market analysis, pricing, and government policy analysis.
While a variety of employment opportunities are available to the university graduate, the person who wishes to pursue a high-powered career as a professional economist should plan to do some graduate study.
For more information please see a video made by the American Economics Association: "A Career in Economics... it's Much More Than You Think"